VIRGINIA HEALTH INFORMATION
102 N. 5th Street, Richmond, VA 23219
Toll Free 1-877-VHI-INFO (844-4636) | Fax (804) 643-5375Visit website: www.VHI.org for updated information |
Printed on: 9/8/2010 |
Franklin Health Care Center
 |
Address:
720 Orchard Avenue
Rocky Mount, VA 24151
(540) 489-3467
Website: www.mfa.net
Semi-Private Daily Room Rate: 211
Private Daily Room Rate: 225
For Fiscal Year 1/1/2008 - 12/31/2008
| Total nursing facility beds |
120
|
| Patient days |
41,265
|
| Full-time equivalents |
120.4
|
Facility Comment:
Facility has not provided a comment.
Last updated on: 4/26/2010
| |
|
|
Financial Information
For Fiscal Year 1/1/2008 - 12/31/2008
Gross inpatient revenueGross inpatient revenue
Total established full charges for all hospital services provided to inpatients, including charity care. |
$11,071,599 |
Gross outpatient revenueGross outpatient revenue
Total established full charges for all hospital services provided to outpatients, including charity care. |
$0 |
Gross patient revenueGross patient revenue
Total established full charges for all services provided to patients. |
$11,071,599 |
Contractual allowanceContractual allowance
The difference between a hospital's established charges and the rates paid by third-party payers under contractual agreements. |
$2,023,454
|
Net patient revenueNet patient revenue
Net patient service revenue is total gross patient service revenue, minus total contractual allowances, minus charity care @100% of poverty, minus charity care @200% of poverty, plus or minus accrued payments from/to the Indigent Care Trust Fund or the disproportionate share program. |
$9,048,145 |
Other revenueOther operating revenue
Revenue or gains from the hospital’s ongoing or central operations other than patient care. These may include such activities as educational or research programs, sales of goods and services to other than patients, and sales of personal convenience items and services to patients. Operating gains may be difficult to distinguish from non-operating gains. Providers are asked to report other revenue (or other operating revenue) and operating gains as defined per the 1990 AICPA audit guide. |
$25,457 |
|
Labor expenseLabor expense
All expenses related to employment of personnel by the hospital. |
$5,337,602
|
Non-labor expenseNon-labor expense
Any expenses that are not related to labor. Excluding capital and capital-related expenses. |
$2,082,294
|
Capital expenseCapital expense
Capital expenses are those defined by Medicare as capital expenses. This includes depreciation and interest for capital assets reported as used for patient care, plus Medicare inpatient costs for other capital-related expenses. Medicare inpatient costs for other capital-related expenses including leases, rentals (including license and royalty fees for the use of depreciable assets), insurance expense on depreciable assets, related-organization capital-related costs for assets that are not maintained on the hospital's premises, and taxes on land or depreciable assets used for patient care. Depreciation expenses are calculated on a straight-line basis, using Medicare useful lives. Includes the allocated portion of home office capital expenses. This capital expense amount is not necessarily the same as the Medicare-allowable cost figure. |
$591,562
|
TaxesTaxes/Tax expense
All taxes reported on the hospital's income statement, including: state income tax, federal income tax, real estate tax, business property tax, and business license fees. Does not include payroll taxes, which are reported under Labor Expenses. |
$59,950
|
Bad-debt expenseBad-debt expense
Bad-debt expense (or provision for bad debts) as reported on the hospital’s income statement. |
$48,228 |
Total operating expenseTotal operating expense
The sum of all operating expenses. |
$8,119,636 |
Operating incomeOperating income
The net of Net patient revenue plus Other operating income minus Total operating income. This is the value that should be used in the calculation of Operating margin. |
$953,966
|
Net non-operating gainsNet non-operating gains
Non-operating gains and losses resulting from transactions incidental or peripheral to the hospital’s central ongoing operations. This may include such items as gifts received, tax support and subsidies, returns on investment of general funds, and gain or loss on sale of properties, as well as other items. |
$0 |
Revenue and gains in excess of expensesRevenue and gains in excess of expenses
The net amount of change in the net assets of the facility. The sum of Operating income and Non-operating income.
Note: In proprietary facilities this is called Net Income. This is the value that should be used in the calculation of Total margin.
|
$953,966 |
|
Current assetsCurrent assets
Cash and other assets that are expected to be converted into cash, sold, or consumed within one year. |
$1,738,214
|
Net fixed assetsNet fixed assets
The value of property, plant, and equipment, net of accumulated depreciation using the straight-line method. |
$2,712,158
|
Other assetsOther assets
The assets, other than fixed assets, that are not expected to be converted into cash, sold, or consumed within one year. |
$350,375 |
Total assetsTotal assets
Total assets as reported on the hospital’s balance sheet. |
$4,800,747 |
Current liabilitiesCurrent liabilities
Obligations expected to be liquidated within one year. |
$646,124
|
Long term liabilitiesLong-term liabilities/debt
Obligations not expected to be liquidated within one year. |
$4,000,051 |
Total liabilitiesTotal liabilities
The total obligations of the hospital. |
$4,646,175 |
Fund balanceFund balance
The end-of –year sum of general, temporarily restricted, and permanently restricted fund balances. This is the net worth of the corporation at year-end. |
$154,572
|
|
|
Let us know what you like about this information or would like changed. Please click below.
Tell us what you think!
| |
|
©2008-2010 VHI, Inc. All rights reserved.
| 
Facility value is over red arrow.
170.36