STRINGFELLOW MEMORIAL HOSPITAL — financial and operating metrics

CCN 010038, ANNISTON, AL · Medicare cost reports, FY2017–FY2021

Short reporting period. FY2017 (152 days) covers less than a full year, usually because the hospital changed its fiscal year end, opened, closed or changed hands. Its totals are not comparable with the full years beside them, and no figure here has been scaled up to disguise that.

Unverified figures. Metrics marked unverified are derived from cost-report coordinates that have not yet been reconciled against audited financial statements. We show you which, rather than hiding it.

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MetricFY2017
152d
FY2018FY2019FY2020FY2021
Total facility beds availableunverified125125125125125
Total bed days availableunverified19,12545,62545,62545,75045,625
Total facility dischargesunverified1,1032,5742,7162,3452,133
Total facility inpatient daysunverified3,93910,14211,82110,93011,244
Total patient revenue (gross charges)unverified$195,934,687$462,112,046$455,439,240$435,147,605$449,529,976
Contractual allowances and discountsunverified$179,870,315$428,107,880$424,894,515$388,736,152$418,624,394
Net patient revenueunverified$16,064,372$34,004,166$30,544,725$46,411,453$30,905,582
Total operating expensesunverified$15,041,060$37,063,815$36,367,638$55,733,327$39,082,749
Net income from service to patientsunverified$1,023,312$-3,059,649$-5,822,913$-9,321,874$-8,177,167
Net incomeunverified$1,734,336$-1,158,815$-2,516,434$-3,928,553$-2,036,419
Cost of uncompensated careunverified$981,443$1,564,655$2,272,454$3,173,865$2,703,365
Total facility bad debt expenseunverified$2,394,919$160,483$2,006,192$15,692,642$12,054,617
Charity care charges and uninsured discountsunverified$11,135,215$20,770,273$28,560,593$24,536,178$21,975,869
Cost of charity careunverified$793,621$1,510,477$2,078,783$1,910,976$1,721,963
Operating marginunverified6.4%-9.0%-19.1%-20.1%-26.5%
Overall cost-to-charge ratiounverified7.7%8.0%8.0%12.8%8.7%
Occupancy rateunverified20.6%22.2%25.9%23.9%24.6%
Average length of stayunverified3.63.94.44.75.3
Uncompensated care as % of operating expenseunverified6.5%4.2%6.2%5.7%6.9%
Charity care cost-to-charge ratiounverified7.1%7.3%7.3%7.8%7.8%
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