OLYMPIA MEDICAL CENTER — financial and operating metrics

CCN 050742, LOS ANGELES, CA · Medicare cost reports, FY2017–FY2021

Short reporting period. FY2021 (220 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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MetricFY2017FY2018FY2019FY2020FY2021
220d
Total facility beds availableunverified204204204204204
Total bed days availableunverified74,46074,46074,46074,66474,460
Total facility dischargesunverified5,0864,6924,4903,704541
Total facility inpatient daysunverified25,19123,61924,59723,9593,795
Total patient revenue (gross charges)unverified$637,770,841$595,127,619$572,768,843$514,922,605$84,309,205
Contractual allowances and discountsunverified$555,855,843$518,590,631$494,772,514$448,136,263$69,161,226
Net patient revenueunverified$81,914,998$76,536,988$77,996,329$66,786,342$15,147,979
Total operating expensesunverified$84,040,343$81,540,634$79,651,645$75,427,079$19,595,859
Net income from service to patientsunverified$-2,125,345$-5,003,646$-1,655,316$-8,640,737$-4,447,880
Net incomeunverified$1$-38,876$66,510,980
Cost of uncompensated careunverified$334,839$6,010,449$2,565,388$993,619$95,201
Total facility bad debt expenseunverified$1,503,112$42,541,467$15,611,368$2,995,699$282,112
Charity care charges and uninsured discountsunverified$1,022,350$734,465$882,075$2,148
Cost of charity careunverified$135,974$99,083$140,710$982
Operating marginunverified-2.6%-6.5%-2.1%-12.9%-29.4%
Overall cost-to-charge ratiounverified13.2%13.7%13.9%14.6%23.2%
Occupancy rateunverified33.8%31.7%33.0%32.1%5.1%
Average length of stayunverified5.05.05.56.57.0
Uncompensated care as % of operating expenseunverified0.4%7.4%3.2%1.3%0.5%
Charity care cost-to-charge ratiounverified13.3%13.5%16.0%45.7%
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