UNIVERSITY OF MIAMI HOSPITAL — financial and operating metrics

CCN 100009, MIAMI, FL · Medicare cost reports, FY2017–FY2017

Short reporting period. FY2017 (149 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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MetricFY2017
149d
Total facility beds availableunverified476
Total bed days availableunverified71,400
Total facility dischargesunverified8,464
Total facility inpatient daysunverified50,705
Total patient revenue (gross charges)unverified$1,089,214,396
Contractual allowances and discountsunverified$943,866,093
Net patient revenueunverified$145,348,303
Total operating expensesunverified$205,369,575
Net income from service to patientsunverified$-60,021,272
Net incomeunverified$-54,502,883
Cost of uncompensated careunverified$3,981,720
Total facility bad debt expenseunverified$4,580,984
Charity care charges and uninsured discountsunverified$6,612,055
Cost of charity careunverified$2,889,421
Operating marginunverified-41.3%
Overall cost-to-charge ratiounverified18.9%
Occupancy rateunverified71.0%
Average length of stayunverified6.0
Uncompensated care as % of operating expenseunverified1.9%
Charity care cost-to-charge ratiounverified43.7%
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