PALOMAR MEDICAL CENTER POWAY — financial and operating metrics

CCN 050636, POWAY, 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 availableunverified95959595119119
Total bed days availableunverified34,77034,67534,67534,67543,55443,435
Total facility dischargesunverified5,2825,7535,8565,6525,1335,104
Total facility inpatient daysunverified19,64620,18223,11521,83921,22619,435
Total patient revenue (gross charges)unverified$822,763,423$869,089,963$1,001,044,736$1,051,789,845$1,142,263,022$1,180,797,516
Contractual allowances and discountsunverified$669,712,807$686,099,106$798,548,456$847,840,169$966,537,296$1,000,707,839
Net patient revenueunverified$153,050,616$182,990,857$202,496,280$203,949,676$175,725,726$180,089,677
Total operating expensesunverified$177,470,579$186,615,097$192,704,897$211,306,565$194,833,733$203,317,887
Net income from service to patientsunverified$-24,419,963$-3,624,240$9,791,383$-7,356,889$-19,108,007$-23,228,210
Net incomeunverified$-17,366,370$3,625,898$19,397,123$1,939,466$-4,112,589$-9,952,915
Cost of uncompensated careunverified$5,206,198$4,197,542$2,481,101$3,680,038$3,489,536$5,063,570
Total facility bad debt expenseunverified$13,396,431$11,331,145$8,278,670$9,508,512$12,259,798$14,246,034
Charity care charges and uninsured discountsunverified$11,184,230$7,990,108$5,843,122$9,496,110$7,285,467$14,021,093
Cost of charity careunverified$2,357,732$1,758,006$1,022,453$1,891,943$1,409,956$2,549,914
Charges for insured patients' liabilityunverified$382,028$466,120
Operating marginunverified-16.0%-2.0%4.8%-3.6%-10.9%-12.9%
Overall cost-to-charge ratiounverified21.6%21.5%19.3%20.1%17.1%17.2%
Occupancy rateunverified56.5%58.2%66.7%63.0%48.7%44.7%
Average length of stayunverified3.73.53.93.94.13.8
Uncompensated care as % of operating expenseunverified2.9%2.2%1.3%1.7%1.8%2.5%
Charity care cost-to-charge ratiounverified21.1%22.0%17.5%19.9%19.4%18.2%
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