2021 Financial STatement
July 1, 2020 to June 30, 2021 (in thousands)
This financial statement reflects the operating results for Mercy Medical Center, Stella Maris, St. Paul Place Specialists, Maryland Family Care, and the Mercy Health Foundation.
Our Income
$297,331
359,707
657,308
$224,310
Variances
Hospital contractual adjustments paid to third-party payers
$(35,630)
Underwriting for services provided to patients unable to pay
(29,004)
Net revenue for patient services
816,714
45,127
Total operational revenue
$861,841
Our Expenses
$454,367
310,436
42,568
14,470
$821,841
Our results
$40,000
63,170
613
3,729
9,023
1,225
14,807
$132,567
Because of the generosity of our benefactors and the careful stewardship of the financial and human resources put forth in service to the mission of the Sisters of Mercy, the net results of $132,567,000 for the year ending June 30, 2021, will enable Mercy Medical Center and Stella Maris to invest in new facilities, programs, and technologies to better serve the Baltimore community.