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  • Howie 2012 Updated Financial SHH CG

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    Denise Mathre
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    Horizon Health Care Group-Sandy Springs reported $217,028 in collections and $191,000 in expenses for 2012, resulting in net income of $15,875 before add backs. Total add backs to expenses not incurred by a purchaser were $78,439.58. With the addition of these non-recurring expenses, the total expected income after add backs was $94,314. The practice had 2412 total visits, 203 total NP visits, and $290,600 in total services and charges. The largest add backs included payroll taxes, payroll salary for the owner, and reimbursements to the owner.

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    Howie 2012 Updated Financial Shh Cg

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    Horizon Health Care Group-Sandy Springs reported $217,028 in collections and $191,000 in expenses for 2012, resulting in net income of $15,875 before add backs. Total add backs to expenses not incurred by a purchaser were $78,439.58. With the addition of these non-recurring expenses, the total expected income after add backs was $94,314. The practice had 2412 total visits, 203 total NP visits, and $290,600 in total services and charges. The largest add backs included payroll taxes, payroll salary for the owner, and reimbursements to the owner.

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    © All Rights Reserved
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    8 views2 pages

    Howie 2012 Updated Financial SHH CG

    Uploaded by

    Denise Mathre
    Horizon Health Care Group-Sandy Springs reported $217,028 in collections and $191,000 in expenses for 2012, resulting in net income of $15,875 before add backs. Total add backs to expenses not incurred by a purchaser were $78,439.58. With the addition of these non-recurring expenses, the total expected income after add backs was $94,314. The practice had 2412 total visits, 203 total NP visits, and $290,600 in total services and charges. The largest add backs included payroll taxes, payroll salary for the owner, and reimbursements to the owner.

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    © All Rights Reserved
    Download as DOC, PDF, TXT or read online from Scribd
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    of 2

    Horizon Health Care Group-Sandy Springs Financials 2012

    Overview of P and L and Add Backs

    2012 Updated Financials:


    Quickbooks P and L: $217,028 Collections
    Expenses(Before Add Backs): $191,000
    Net Income(before add backs): $15,875
    Total Add Backs to Purchaser(Expenses Not Incurred By Purchaser): $78,439.58
    Total Income Expected After Add Backs(Net Income + Add Backs)=$94,314
    Total Visits: 2412
    Total NP: 203
    Total Services/Charges: $290,600
    Descriptions of Add-Backs From P and L:
    Advertising: $2653 All Advertising has stopped and these totals include advertising
    for employees, Google Pay Per Click Campaigns
    Internet on Airplane: $189.65
    Airline tickets: 201.60
    Automobile Fees: 1603.95
    Car Payment:$8604.00
    Contract Labor-Rachel Wexel $1100
    Contract Labor Bragman: $5964
    Equipment Rental: $183.07
    Gifts: $386
    Health Club: $64
    Insurance: $4336.51( Disability, Umbrella, Home) ***Non-Add Backs Liability and
    Malpractice
    Medical Expenses: $1684.72 Personal
    Payroll Taxes: $7796.64
    Payroll Salary: $25000
    Professional Fees:

    (Personal House Cleaning)


    (Legal Fees for Collections attorney)
    (Promotion for patients at Massage Place Next Door)
    (Accounting)
    = Total $4488
    Staffing Ads: $364
    Employment Adminstration-$50 Advertising for new employees
    Reimbursements: $6682
    Bookkeeping: $372
    Staff Holiday Bonus(Contract Labor): $300
    Contract Labor: $5964
    Travel/Meals: $452.44
    TOTAL ADD BACKS: $78,439.58

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