|
Where Does the LMHS
Dollar Go?
| Bill Charged |
$1.00 |
| |
|
| Expenses |
|
| |
|
| Contractual Discounts for Medicare/Medicaid/Other
Insurance |
0.54 |
| Bad Debt Write-Offs |
0.04 |
| Charity Write-Offs |
0.04 |
| Labor Costs |
0.20 |
| Supplies |
0.08 |
| Other Supplies, Services, Fees |
0.06 |
| Interest Expense on Debt |
0.01 |
| Depreciation of Equipment and Buildings |
0.02 |
| |
|
| Total Expenses |
0.99 |
| |
|
| Remainder to Fund Capital Needs for New Equipment and
Facilities |
0.01 |
| |
|
| The 1 cent remaining after all expenses are
paid is used to invest into the capital needs of the system
that will ensure the highest quality of care in a location
that is easy for our community to access. |
|
When comparing charges
with other hospitals or provider practices, it is important to
understand their charges may or may not include both the
hospital and the doctor or other provider services. Average
charges are estimates; your out-of-pocket expense will depend on
your individual insurance coverage (such as co-insurance or
deductibles).
The services you receive
from LMHS are based on your individual need and medical
condition as prescribed by your physician. Actual charges will
vary based on services delivered and medical condition.
Additional tests or services not listed in the estimate may be
ordered by your doctor, in order to treat, diagnose or care for
your individual needs. |
