Revenues & Expenses

Revenues & Expenses

All figures for year ending Dec. 31, 2013

 

Revenue

Net amount received from patient-care services

 $1,950,228,000 

Other operating revenues and income

 $77,242,000 

Total revenue and support

$2,027,470,000 

 

Expenses

Salaries and benefits paid to employees

 $1,006,464,000 

Operating expenses

 $779,820,000 

Depreciation

   $144,664,000 

Interest expense on borrowed funds

 $37,134,000 

Total Expenses

$1,968,082,000 

 

 

Net Operating Income

 $59,388,000

 

Community Benefit

Charity Care

$37,170,000 

Medical Education & Research

 $30,447,000 

Negative Margin and Other

 $6,667,000 

Non-billed Services

 $4,275,000

Medicaid Charity

$64,422,000

Total

 $142,981,000

 

Swedish Medical Center is classified as a not-for-profit organization under Section 501 (c) (3) of the Internal Revenue Code. In accordance with this status, Swedish provides more than $126 million in charity care and other community benefits. Any excess revenue over expenses is reinvested into the medical center, allowing Swedish to continue providing the community the best possible health care.

 

 

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