LAWRENCE & MEMORIAL HOSPITAL — financial and operating metrics

CCN 070007, NEW LONDON, CT · 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 availableunverified236236236236235235
Total bed days availableunverified86,37686,14086,14086,14086,01085,775
Total facility dischargesunverified11,14211,26810,89211,99211,99811,700
Total facility inpatient daysunverified63,68268,02265,37864,10662,13158,868
Total patient revenue (gross charges)unverified$975,930,552$1,145,569,108$1,255,225,287$1,401,695,306$1,631,063,483$1,927,997,783
Contractual allowances and discountsunverified$646,180,601$754,817,085$832,481,039$950,133,572$1,150,600,316$1,423,003,728
Net patient revenueunverified$329,749,951$390,752,023$422,744,248$451,561,734$480,463,167$504,994,055
Total operating expensesunverified$402,527,106$429,736,946$451,273,062$468,963,139$496,296,679$521,702,171
Net income from service to patientsunverified$-72,777,155$-38,984,923$-28,528,814$-17,401,405$-15,833,512$-16,708,116
Net incomeunverified$-11,843,404$26,730,604$5,653,998$5,005,635$7,925,000$12,673,842
Cost of uncompensated careunverified$6,584,782$6,015,882$6,958,282$8,746,761$8,129,442$9,704,871
Total facility bad debt expenseunverified$3,716,626$7,032,291$9,832,346$13,272,597$12,584,767$17,265,437
Charity care charges and uninsured discountsunverified$10,849,479$8,325,695$9,300,937$12,907,370$15,827,304$18,762,460
Cost of charity careunverified$5,194,918$3,679,215$3,823,576$4,783,389$4,986,912$5,765,686
Charges for insured patients' liabilityunverified$192,600$82,191
Operating marginunverified-22.1%-10.0%-6.7%-3.9%-3.3%-3.3%
Overall cost-to-charge ratiounverified41.2%37.5%36.0%33.5%30.4%27.1%
Occupancy rateunverified73.7%79.0%75.9%74.4%72.2%68.6%
Average length of stayunverified5.76.06.05.35.25.0
Uncompensated care as % of operating expenseunverified1.6%1.4%1.5%1.9%1.6%1.9%
Charity care cost-to-charge ratiounverified47.9%44.2%41.1%37.1%31.5%30.7%
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