SOUTHWEST MEMORIAL HOSPITAL — financial and operating metrics

CCN 061327, CORTEZ, CO · 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 availableunverified252523202020
Total bed days availableunverified9,1509,1258,5157,3007,3207,300
Total facility dischargesunverified908931895885781856
Total facility inpatient daysunverified3,2044,0373,4593,8774,0194,010
Total patient revenue (gross charges)unverified$118,379,393$144,416,656$157,438,322$157,969,599$163,350,646$173,056,776
Contractual allowances and discountsunverified$65,804,117$80,790,733$82,796,802$81,583,410$83,176,942$100,150,674
Net patient revenueunverified$52,575,276$63,625,923$74,641,520$76,386,189$80,173,704$72,906,102
Total operating expensesunverified$67,792,423$71,823,230$77,976,738$79,048,991$79,214,499$80,467,272
Net income from service to patientsunverified$-15,217,147$-8,197,307$-3,335,218$-2,662,802$959,205$-7,561,170
Net incomeunverified$793,867$1,291,911$-670,333$612,606$5,400,714$5,833,082
Cost of uncompensated careunverified$3,242,932$1,938,799$2,407,750$2,441,850$3,163,112$3,910,984
Total facility bad debt expenseunverified$2,784,690$1,421,023$2,378,129$2,305,569$2,878,490$7,481,210
Charity care charges and uninsured discountsunverified$2,527,231$2,407,208$2,615,045$2,912,346$4,061,855$2,633,532
Cost of charity careunverified$1,925,618$1,395,779$1,423,240$1,517,089$2,007,917$1,189,369
Charges for insured patients' liabilityunverified$26,860
Operating marginunverified-28.9%-12.9%-4.5%-3.5%1.2%-10.4%
Overall cost-to-charge ratiounverified57.3%49.7%49.5%50.0%48.5%46.5%
Occupancy rateunverified35.0%44.2%40.6%53.1%54.9%54.9%
Average length of stayunverified3.54.33.94.45.14.7
Uncompensated care as % of operating expenseunverified4.8%2.7%3.1%3.1%4.0%4.9%
Charity care cost-to-charge ratiounverified76.2%58.0%54.4%52.1%49.4%45.2%
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