Sample Healthcare Income Statement

The income statement format above is a basic one what is known as a single step income statement meaning just one category of income and one category of expenses and prepared specifically for a service business.

Sample healthcare income statement. The information contained on this page is current as of the dated date of the documents below and may not be current as of the date you are viewing it. Nov 12 2020. Investors and business managers use the income statement to determine the profitability of the company it is one of three major financial statements required by gaap generally accepted accounting principles. A concrete example of that is a medical statement.

For example if you enter cleveland as the city you will see a list of 21 hospitals in cities named cleveland. Healthcare equipment and facilities ltpac accounting strategies. While the balance sheet shows the position of a company at a fixed point in time the income statement is a report that shows how much revenue a facility earned over a specific time period usually a year or some portion of a year. An income statement shows the income and expenses of a company over a specified period of time.

Click the search button and you will be shown a form where you can enter criteria identifying the hospital s you re interested in. 2020 proxy and 2019 annual report. As you can see this example income statement is a single step statement because it only lists expenses in one main category. Single step income statement.

Examples of service businesses are medical accounting or legal practices or a business that provides services such as plumbing cleaning consulting design etc. Healthcare income statement example the income statement format above is a basic one what is known as a single step income statement meaning just one category of income and one category of expenses and prepared specifically for a service business. Income statement светлана шафиева march 15 2017 october 26 2020 comments this is a sample computation of how an income statement for healthcare industry would look like. Historical annual reports proxy statements.