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Where Does the LMHS Dollar Go?

Bill Charged $1.00
   
Expenses  
   
Contractual Discounts for Medicare/Medicaid/Other Insurance 0.54
Bad Debt Write-Offs 0.04
Charity Write-Offs 0.04
Labor Costs 0.20
Supplies 0.08
Other Supplies, Services, Fees 0.06
Interest Expense on Debt 0.01
Depreciation of Equipment and Buildings 0.02
   
Total Expenses 0.99
   
Remainder to Fund Capital Needs for New Equipment and Facilities 0.01
   
The 1 cent remaining after all expenses are paid is used to invest into the capital needs of the system that will ensure the highest quality of care in a location that is easy for our community to access.

When comparing charges with other hospitals or provider practices, it is important to understand their charges may or may not include both the hospital and the doctor or other provider services. Average charges are estimates; your out-of-pocket expense will depend on your individual insurance coverage (such as co-insurance or deductibles).

The services you receive from LMHS are based on your individual need and medical condition as prescribed by your physician. Actual charges will vary based on services delivered and medical condition. Additional tests or services not listed in the estimate may be ordered by your doctor, in order to treat, diagnose or care for your individual needs.

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