PROVIDENCE REDWOOD MEMORIAL HOSPITAL — financial and operating metrics

CCN 051318, FORTUNA, 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 availableunverified252525201919
Total bed days availableunverified9,1509,1259,1257,3006,9546,935
Total facility dischargesunverified1,025809662652702760
Total facility inpatient daysunverified4,4044,8954,5964,4163,9204,398
Total patient revenue (gross charges)unverified$213,148,681$225,236,793$212,884,124$221,690,468$230,729,234$263,132,822
Contractual allowances and discountsunverified$162,595,853$172,629,551$162,383,410$171,795,536$179,777,966$209,418,846
Net patient revenueunverified$50,552,828$52,607,242$50,500,714$49,894,932$50,951,268$53,713,976
Total operating expensesunverified$50,069,436$49,271,997$54,308,294$56,344,899$54,261,770$58,770,213
Net income from service to patientsunverified$483,392$3,335,245$-3,807,580$-6,449,967$-3,310,502$-5,056,237
Net incomeunverified$12,070,293$27,680,800$-11,501,195$-569,810$-89,056$-289,098
Cost of uncompensated careunverified$5,862,678$2,528,446$2,344,466$1,600,898$2,197,617$2,988,738
Total facility bad debt expenseunverified$4,715,209$4,304,727$1,637,849$4,210,113$6,715,176$4,866,167
Charity care charges and uninsured discountsunverified$8,009,881$4,908,109$5,898,892$2,280,641$2,268,457$4,417,772
Cost of charity careunverified$4,474,171$1,426,050$1,825,628$764,528$725,458$1,351,994
Charges for insured patients' liabilityunverified$2,469$6,665
Operating marginunverified1.0%6.3%-7.5%-12.9%-6.5%-9.4%
Overall cost-to-charge ratiounverified23.5%21.9%25.5%25.4%23.5%22.3%
Occupancy rateunverified48.1%53.6%50.4%60.5%56.4%63.4%
Average length of stayunverified4.36.16.96.85.65.8
Uncompensated care as % of operating expenseunverified11.7%5.1%4.3%2.8%4.1%5.1%
Charity care cost-to-charge ratiounverified55.9%29.1%30.9%33.5%32.0%30.6%
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