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Financial Status of Connecticut's Short Term Acute Care Hospitals 2018

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Financial Status of Connecticut's Short Term Acute Care Hospitals 2018 Annual Report on the FINANCIAL STATUS OF CONNECTICUT’S SHORT TERM ACUTE CARE HOSPITALS for Fiscal Year 2018 State of Connecticut Office of Health Strategy September 2019 Table of Contents Section 1 - Executive Summary............................................................................................................................ 1 Section 2 - Hospital and Health System Data .................................................................................................. 17 Statewide Health System Summary .............................................................................................................. 18 Statewide Hospital Summary .......................................................................................................................... 19 William W. Backus Hospital ............................................................................................................................. 21 Bridgeport Hospital ........................................................................................................................................... 23 Bristol Hospital ................................................................................................................................................... 25 Connecticut Children’s Medical Center ......................................................................................................... 27 Danbury Hospital ............................................................................................................................................... 29 Day Kimball Hospital ........................................................................................................................................ 31 John Dempsey Hospital ................................................................................................................................... 33 Greenwich Hospital ........................................................................................................................................... 35 Griffin Hospital ................................................................................................................................................... 37 Hartford Hospital ............................................................................................................................................... 39 Hospital of Central Connecticut ...................................................................................................................... 41 Charlotte Hungerford Hospital ........................................................................................................................ 43 Johnson Memorial Hospital ............................................................................................................................. 45 Lawrence + Memorial Hospital ....................................................................................................................... 47 Manchester Memorial Hospital ....................................................................................................................... 49 Middlesex Hospital ............................................................................................................................................ 51 MidState Medical Center ................................................................................................................................. 53 Milford Hospital .................................................................................................................................................. 55 Norwalk Hospital ............................................................................................................................................... 57 Rockville General Hospital .............................................................................................................................. 59 Saint Francis Hospital and Medical Center ................................................................................................... 61 Saint Mary’s Hospital ........................................................................................................................................ 63 Saint Vincent’s Medical Center ....................................................................................................................... 65 Sharon Hospital ................................................................................................................................................. 67 Stamford Hospital ............................................................................................................................................. 69 Waterbury Hospital ........................................................................................................................................... 71 i Windham Community Memorial Hospital ...................................................................................................... 73 Yale New Haven Hospital ................................................................................................................................ 75 Section 3: Appendices ......................................................................................................................................... 77 Appendix A – Hospital Health System Statement of Operations Data ..................................................... 78 Appendix B – Hospital Health System Margin Data .................................................................................... 79 Appendix C – Hospital Health System Operating Margins ......................................................................... 80 Appendix D – Hospital Health System Total Margins ................................................................................. 81 Appendix E – Hospital Health System Net Assets Data ............................................................................. 82 Appendix F – Hospital Health System Solvency Ratios ............................................................................. 83 Appendix G – Hospital Health System Liquidity Ratios .............................................................................. 84 Appendix H – Hospital Statement of Operations Data ................................................................................ 85 Appendix I – Hospital Margin Data ................................................................................................................. 86 Appendix J – Hospital Operating Margins ..................................................................................................... 87 Appendix K – Hospital Total Margins ............................................................................................................. 88 Appendix L – Hospital Net Assets Data ........................................................................................................ 89 Appendix M – Hospital Ratio of Cost to Charge Data ................................................................................. 90 Appendix N – Hospital Solvency Ratios ........................................................................................................ 92 Appendix O – Hospital Liquidity Ratios ......................................................................................................... 93 Appendix P – Hospital Uncompensated Care Data .................................................................................... 94 Appendix Q – Hospital Utilization Data .......................................................................................................... 95 Appendix R – Hospital Gross Revenue Payer Mix Data ............................................................................. 96 Appendix S – Hospital Net Revenue Payer Mix Data ................................................................................. 97 Appendix T – Hospital Discharges by Payer Data ....................................................................................... 98 Appendix U – Hospital Case Mix Index by Payer ........................................................................................ 99 Appendix V – Hospital Emergency Department Visits .............................................................................. 100 Appendix W – Other System Related Entity Gain & Loss Analysis ........................................................ 101 Appendix X – Hospital Map ........................................................................................................................... 102 Appendix Y – Corporate Affiliations ............................................................................................................. 103 Appendix Z – Health System Charts of Organization ................................................................................ 105 Appendix AA – Glossary of Terms ............................................................................................................... 120 ii Section 1 - Executive Summary The Office of Health Strategy (“OHS”) was created as a bipartisan effort of the Connecticut General Assembly to advance high-quality, affordable, and accessible healthcare for all residents. The legislation re-organized existing state resources into one body, uniting health policymaking and advancing healthcare reform initiatives that will drive down healthcare costs, close Connecticut’s deeply entrenched racial, economic, and
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