Revenues & Expenses

Revenues & Expenses

All figures for year ending Dec. 31, 2012

 

Revenue

Net amount received from patient-care services

 $1,828,702,000

Other operating revenues and income

 $72,026,000

Total revenue and support

$1,900,728,000

 

Expenses

Salaries and benefits paid to employees

 $1,018,673,000

Operating expenses

 $653,782,000

Depreciation

   $151,303,000

Interest expense on borrowed funds

 $37,050,000

Total Expenses

$1,860,808,000

 

 

Net Operating Income

 $39,920,000

 

Community Benefit

Charity Care

$35,544,000

Medical Education

 $11,145,000

Research

 $10,473,000

Negative Margin and Other

 $6,779,000

Non-billed Services

 $4,819,000

Medicaid Charity

$57,478,000

Total

 $126,238,000

 

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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