TORRANCE MEMORIAL MEDICAL CENTER — financial and operating metrics

CCN 050351, TORRANCE, CA · Medicare cost reports, FY2020–FY2025

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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MetricFY2020FY2021FY2022FY2023FY2024FY2025
Total facility beds availableunverified493493493493493493
Total bed days availableunverified180,438179,945179,945179,945180,438179,945
Total facility dischargesunverified23,46622,61326,87925,66126,22927,823
Total facility inpatient daysunverified100,309102,695118,033120,932127,842131,190
Total patient revenue (gross charges)unverified$3,890,128,527$4,278,423,388$4,910,298,667$5,368,357,169$5,930,323,165$6,534,289,879
Contractual allowances and discountsunverified$3,249,855,629$3,594,332,077$4,146,593,587$4,577,772,801$5,083,846,734$5,636,538,271
Net patient revenueunverified$640,272,898$684,091,311$763,705,080$790,584,368$846,476,431$897,751,608
Total operating expensesunverified$685,898,512$711,571,652$768,685,388$789,946,478$886,471,145$907,121,385
Net income from service to patientsunverified$-45,625,614$-27,480,341$-4,980,308$637,890$-39,994,714$-9,369,777
Net incomeunverified$23,428,855$76,661,667$18,528,012$60,659,778$50,846,936$67,399,052
Cost of uncompensated careunverified$12,147,010$10,352,054$6,458,594$7,457,980$5,146,793$14,778,833
Total facility bad debt expenseunverified$6,961,863$4,389,816$3,991,913$13,655,121$10,400,864$12,524,994
Charity care charges and uninsured discountsunverified$30,685,505$30,260,038$24,661,893$26,057,117$18,106,659$35,671,813
Cost of charity careunverified$10,889,998$9,509,305$5,735,320$5,332,618$3,310,003$12,645,448
Charges for insured patients' liabilityunverified$1,285,202
Operating marginunverified-7.1%-4.0%-0.7%0.1%-4.7%-1.0%
Overall cost-to-charge ratiounverified17.6%16.6%15.7%14.7%14.9%13.9%
Occupancy rateunverified55.6%57.1%65.6%67.2%70.9%72.9%
Average length of stayunverified4.34.54.44.74.94.7
Uncompensated care as % of operating expenseunverified1.8%1.5%0.8%0.9%0.6%1.6%
Charity care cost-to-charge ratiounverified35.5%31.4%23.3%20.5%18.3%35.4%
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