WESTERN CONNECTICUT HEALTH NETWORK, INC. TREASURER’S REPORT – Fiscal Year 2011
	The Danbury Hospital and Subsidiary	The New Milford Hospital, Inc. and Subsidiaries	Western CT Medical Group	Other Affiliates**	Consolidated
	2011	2011	2011	2011	2011
Net Revenue	$517,566,865	$93,416,534	$138,965,015	$(12,247,047)	$737,701,367
Expenses
Salaries, benefits and fees	308,540,688	52,253,080	123,223,653	(25,308,623)	458,708,798
Supplies, services and other	139,391,873	32,646,117	22,991,514	13,988,360	209,017,864
Bad debt expense	18,183,085	2,545,989	5,256,573	479,880	26,465,527
Depreciation and amortization	27,369,949	5,855,136	1,279,271	1,732,300	36,236,656
Interest	4,587,742	511,926	49,870	184,395	5,333,933
Total Expenses	$498,073,337	$93,812,248	$152,800,881	$(8,923,688)	$735,762,778
Income (loss) from Operations	$19,493,528	$(395,714)	$(13,835,866)	$(3,323,359)	$1,938,589
Pension Curtailment Charge *				(10,337,542)	(10,337,542)
Non-operating Income	4,192,392	1,232,940	3,746	162,706	5,591,784
Excess (Deficiency) Revenue over Expenses	$23,685,920	$837,226	$(13,832,120)	$(13,498,195)	$(2,807,169)
Admissions + Observation Cases	22,635	3,010			25,645
Inpatient Days	95,957	9,347			105,304
Total Outpatient Visits	386,527	111,625		57,193	555,345
Total Physician Visits		9,087	406,274		415,361
Outpatient Surgery Cases	10,801	2,268			13,069
Emergency Room Visits	69,595	18,780			88,375

* One-time non-cash impact due to restructuring of the pension plan.

** Other Affiliates include Western Connecticut Health Network Foundation, Western Connecticut Health Network Affiliates, Business Systems Inc., Western Connecticut Home Care, and Western Connecticut Health Network, Inc, the parent. All material inter-company transactions have been eliminated.

Steven H. Rosenberg
Treasurer