Current Financial Press Release

Fletcher Allen experienced a net operating loss of $478,000 for the first quarter of the 2008 Fiscal year.  The first quarter covers the period beginning October 1st and ending December 31, 2007.

First Quarter Results

The net operating result for the first quarter was $5.4 million below the budgeted amount of $5 million, and $8 million lower than the first quarter of FY 2007.

Net operating revenues for the first quarter were $187.5 million, approximately $6.8 million below budget.  The organization's operating expenses for the quarter were $188 million, $1.4 million below budget, resulting in the net operating loss of $478,000 and an operating margin of -0.26% for the first quarter.  By comparison, the organization had an operating margin of 4.18% in the first quarter of FY 2007.

Operating earnings before interest, depreciation and amortization (EBIDA) for the period totaled $12.7 million compared to the $18.7 budget figure and $19.9 million for the first quarter of FY 2007.

Days cash on hand was measured at 106 days for the quarter compared to 85 days last year.  This indicator is a projected estimate of the number of days an organization could meet operating expenditures provided no additional revenues were received.

Key volume measures were mixed for the first quarter. Total inpatient discharges were below budget by 108 (1.9%).  However, combined inpatient and outpatient days, a measure of the number of patients in the hospital each day, were 17.8% above budget, and physician office visits were 4.6% below budget.

The institution began making its quarterly financials public with the release of the first quarter results for FY 2003 in February 2003.  The audited financial statements as well as the quarterly results for FY 2003 through the first quarter of FY 2008 are available on the Fletcher Allen Web site at www.FletcherAllen.org.

Click here for FY 2008 First Quarter Financial Results

Click here for FY 2008 Year-To-Date Financial Results

Archives

Fletcher Allen's FY2007 Year-End & 4th Quarter Financial Results
05/07/2008

Fletcher Allen Releases YTD & Second Quarter Financials
05/23/2007

First Quarter 2007 Financial Results
03/26/2007

Fletcher Allen Releases 2006 Fiscal Year Results
01/05/2007

Fletcher Allen Releases Year-To-Date and Third Quarter Financial Results
08/31/2006

Fletcher Allen Releases Year-To-Date and Second Quarter Financial Results
06/02/2006

Fletcher Allen Releases First Quarter 2006 and Year-End 2005 Financial Results
02/02/2006

Fletcher Allen Releases FY 2005 Fourth Quarter Financial Results
02/01/2006

Fletcher Allen Releases Year-To-Date and Third Quarter Financial Results
09/29/2005

Fletcher Allen Releases FY 2005 Year-to-Date and Second Quarter Financial Results
06/24/2005

Fletcher Allen Releases First Quarter 2005 Financial Results
03/21/2005

Fletcher Allen Releases Audited 2004 Fiscal Year Summary
02/01/2005

Fletcher Allen Releases Year-to-Date and Third Quarter Financial Results
09/13/2004

Fiscal Year 2004, Second Quarter Financial Results
06/03/2004

Fletcher Allen Posts Positive Operating Results for First Quarter FY 2004
02/09/2004

Fiscal Year 2003, Year-End Financials
02/03/2004

Fiscal Year 2003, Third Quarter Financial Results
08/05/2003

Fiscal Year 2003, Second Quarter Financial Results
05/06/2003