MIDSTATE MEDICAL CENTER — financial and operating metrics

CCN 070017, MERIDEN, 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 availableunverified143143143143143143
Total bed days availableunverified52,33852,19552,19552,19552,33852,195
Total facility dischargesunverified8,7249,4788,9909,2249,6719,790
Total facility inpatient daysunverified37,88739,21642,55943,28942,73143,499
Total patient revenue (gross charges)unverified$771,551,114$886,686,988$1,001,830,355$1,072,129,180$1,194,242,331$1,332,005,276
Contractual allowances and discountsunverified$473,773,579$561,919,491$655,077,400$712,287,226$790,524,212$898,088,709
Net patient revenueunverified$297,777,535$324,767,497$346,752,955$359,841,954$403,718,119$433,916,567
Total operating expensesunverified$308,490,404$317,969,822$354,712,054$388,571,226$407,412,465$428,812,073
Net income from service to patientsunverified$-10,712,869$6,797,675$-7,959,099$-28,729,272$-3,694,346$5,104,494
Net incomeunverified$11,749,608$60,106,898$545,761$-5,408,429$2,309,218$11,774,842
Cost of uncompensated careunverified$6,414,589$5,610,102$6,961,439$7,422,079$8,202,429$13,249,902
Total facility bad debt expenseunverified$6,996,240$6,431,811$9,008,420$7,665,303$9,407,488$1,941,692
Charity care charges and uninsured discountsunverified$8,483,877$9,244,102$11,425,349$14,376,726$16,025,256$31,223,125
Cost of charity careunverified$3,582,149$3,388,325$3,964,687$4,925,069$5,268,831$12,667,014
Charges for insured patients' liabilityunverified$771,201$1,008,845$1,523,869
Operating marginunverified-3.6%2.1%-2.3%-8.0%-0.9%1.2%
Overall cost-to-charge ratiounverified40.0%35.9%35.4%36.2%34.1%32.2%
Occupancy rateunverified72.4%75.1%81.5%82.9%81.6%83.3%
Average length of stayunverified4.34.14.74.74.44.4
Uncompensated care as % of operating expenseunverified2.1%1.8%2.0%1.9%2.0%3.1%
Charity care cost-to-charge ratiounverified42.2%36.7%34.7%34.3%32.9%40.6%
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