UTHealth Fact Book

MSRDP Summary of Operations

FY 2013 For the Year Ending August 31, 2013
source: Vanessa McKeown, Office of Budget & Financial Reporting

Note: Includes the operations of the nonprofit healthcare corporation.

Operating Revenues:

 

 

 

Gross Patient Charges

 

 

 

Gross Patient Charges Related to Uncompensated Care2

 $564,340,743.30

 

 564,340,743.30

               Other Gross Patient Charges

 260,236,889.03

 

 260,236,889.03

Total Gross Patient Charges

 

 

 $824,577,632.33

Less:  Discounts and Allowances

 

 

 

Contractual Allowances - Medicaid

(221,441,491.14)

 

(221,441,491.14)

Contractual Allowances - Medicare

(130,362,740.98)

 

(130,362,740.98)

Contractual Allowances - Managed Care and Other Insurance

(140,706,623.01)

 

(140,706,623.01)

Other Unreimbursed Medical Charges

(101,235,920.89)

 

(101,235,920.89)

Bad Debt Expense

(31,663,609.13)

 

(31,663,609.13)

Total Discounts and Allowances

 

 

(625,410,385.15)

Net Patient Revenues

 

 

 199,167,247.18

Contractual Revenues

 

 

 224,206,016.38

Other Operating Revenues

 

 

 20,249,155.12

Total Operating Revenues

 

 

 443,622,418.68

Operating Expenses:

 

 

 

Faculty Salaries

 

 

 203,310,036.33

Staff Salaries

 

 

 96,164,027.67

Fringe Benefits

 

 

 54,213,252.42

Maintenance and Operations

 

 

 67,154,531.20

Travel

 

 

 2,712,812.01

Official Functions

 

 

 839,509.38

Other Expenses

 

 

 6,781,590.74

Total Operating Expenses

 

 

 431,175,759.75

Operating Income (Loss)

 

 

 12,446,658.93

Nonoperating Revenues (Expenses):

 

 

 

Gift Contributions for Operations

 

 

 139,000.00

Investment Income

 

 

 856,155.72

Net Increase (Decrease) in Fair Value of Investments

 

 

 46,260.57

Net Nonoperating Revenues (Expenses)

 

 

 1,041,416.29

 

 

 

 

Income (Loss) Before Other Revenues, Expenses, Gains or Losses

 

 

 13,488,075.22

Transfers In:

 

 

 

Interfund/Interagency

 

 

(9,414,180.78)

Transfers Out:

 

 

 

Debt Service

 

 

(1,988,191.01)

Capital Outlay

 

 

(4,150,691.40)

Change in Net Position

 

 

(2,064,987.97)

Net Position - September 1, 2012

 

 

 77,985,414.70

Net Position - August 31, 20131

 

 $75,920,426.73

 

 

 

 

1  Ending Net Position August 31, 2013 was composed of the following:

 

 

 

Unrestricted

 

 

 

Reserved

 

 

 

Encumbrances

 

 $3,925,275.84

Accounts Receivable (less unearned revenue portion)

 

$

 56,184,898.31

Other Specific Purposes

 

 

 

Deposits

 

 

 

Prepaid Expenses

 

 

 493,322.62

Deferred Charges

 

 

 

Imprest Funds (from Schedule A-1)

 

 

 

Unreserved

 

 

 

Allocated

 

 

 

Capital Projects

 

 

 5,271,535.00

Debt Service

 

 

 1,994,110.00

Practice Plan Minimum Operating Reserve of 90 days

 

 

 8,051,284.96

Unallocated

 

 

 

Total Net Position

 

$75,920,426.73

 

 

 

 

2 The Cost of Uncompensated Care

Uncompensated Care includes the unreimbursed costs for the uninsured (those with no source of third party insurance) and the underinsured (those with insurance who after contractual adjustment and third party payments have a responsibility to pay for an amount they are unable to pay).  Uncompensated care also includes the unreimbursed cost from governmental sponsored health programs.

The institution identifies the gross charges for uncompensated care by identifying the payer categories where the cost of care exceeds the appropriate, available funding.

The institution converts gross charges for uncompensated care to cost by relating them to the Medicare fee schedule on an aggregate weighted average basis.  The institution recognizes payments from patients, government sponsored programs (Medicare, Medicaid, and local government programs) and other appropriate lump sums, including any amounts received from Upper Payment Limit, as funding available to offset costs.  The appropriate funding is applied to the cost of care for each payer category and uncompensated care is identified where the cost of care exceeds the available funding.

The institution's gross charges for uncompensated care and residual unreimbursed uncompensated care (after funding available to offset costs) are shown below: 

     Gross Charges for Uncompensated Care

 

 

$64,340,743.30

     Residual Unreimbursed Uncompensated Care

 

 

$9,111,206.46

 

Download file