We seek better care and better health at the lowest sustainable cost.
Excellent healthcare is of little use if patients can’t afford it. At Intermountain, we work to keep our rates as low as possible while still allowing us to continue to serve.
We use several methods to keep rates affordable:
(DOLLARS IN MILLIONS)
|PATIENT SERVICES AND NON-PATIENT ACTIVITIES:|
|Net patient services, including inpatient and outpatient care, pharmaceuticals, and supplies; net of discounts provided for patients covered by Medicare, Medicaid, and other sources because these agencies have limited their level of payment||$ 3,806.0||$ 3,764.3|
|Charity services to qualifying patients unable to pay as part of our ongoing community commitment||(281.7)*||(252.5)*|
|Bad debts for services provided to patients who were unwilling to pay||(231.6)||(206.8)|
|Non-patient activities, including health insurance premiums, contributions, and other resources||1,748.8||1,395.3|
|Non-operating income from investing activities||371.4||218.4|
|TOTAL FUNDS AVAILABLE||$ 5,412.9||$ 4,918.7|
|Salaries and benefits to our employees||$ 2,257.8||$ 2,110.3|
|Medical supplies and services||1,440.4||1,297.5|
|Business services, insurance, utilities, and cost of facility maintenance||641.9||589.2|
|Depreciation and amortization cost for this year’s use of buildings and equipment||257.7||236.9|
|Interest on borrowed funds||48.8||49.0|
|Increase in funds available for future needs to replace and improve health facilities, technology, and services||766.3||635.8|
|TOTAL FUNDS APPLIED||$ 5,412.9||$ 4,918.7|
* This amount represents Intermountain’s unadjusted total.
In 2013, based on Utah State Tax Commission standards, Intermountain provided adjusted charity care of approximately $172.9 million.