MHDO collects hospital financial data from Maine’s hospitals as described in 90-590 Rule Chapter 300, Uniform Reporting System for Hospital Financial Data, which can be found on our Statute and Rules page.
The financial information reported to MHDO and then released in our standardized financial reports is based on the hospitals unconsolidated audited financial statements; specifically, the balance sheet, statement of operations and changes in net assets.
Due to a change in MHDO’s Rule Chapter 300, Uniform Reporting System for Hospital Financial Data, the MHDO Hospital Financial Reports beginning with fiscal year 2021, included the addition of financial reports based on health systems' consolidated audited financial statements. These systems include MaineHealth, Northern Light Health, Central Maine Healthcare, MaineGeneral Health, Maine Medical Center and Subsidiaries.
The primary difference between consolidated and unconsolidated financial statements is that the consolidated form reports all activities of a hospital and its subsidiaries as a combined entity, while the unconsolidated financial statements report activities as a separate entity.
The MHDO Hospital Financial Reports were designed to standardized the reporting of key hospital financial indicators to allow for comparisons across hospitals; however, given the complexities in the hospitals' structure and in accounting practices, leading to scenarios where the way in which a hospital and its activities are reported in an unconsolidated form are more comparable to another hospital's consolidated reporting. For example, some physician practices are departments of the hospital (and would be included in the hospital's unconsolidated reporting) where for another hospital the physician practices are a subsidiary of the hospital (and would not be included in the hospital's unconsolidated reporting but rather captured in the hospital's consolidated reporting).Available January 11, 2024: FY 2022 Hospital Unconsolidated Financial Reports and Health System Consolidated Financial Reports
This report is a two part report. See their descriptions below, as well as a link to each report.
Data for the following health systems and hospital are contained in this report: MaineHealth, Northern Light Health, MaineGeneral Health, Central Maine Healthcare, and Maine Medical Center and Subsidiaries.
Financial ratios are one critical component of assessing a hospital’s/health system's financial condition and are widely accepted in the industry. The ratios are derived from financial data elements found in the standardized report and represent financial indicators that can be classified into the following five categories: profitability, liquidity, capital structure, asset efficiency, and “other”. Users of financial ratios are encouraged to consider a broad range of ratios from across all five categories and across multiple years to develop a comprehensive representation of a hospital's/health system's financial position. Below is a summary of the of the different ratios: