ASCENSION SACRED HEART BAY — financial and operating metrics

CCN 100026, PANAMA CITY, FL · Medicare cost reports, FY2020–FY2025

Short reporting period. FY2020 (181 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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MetricFY2020
181d
FY2021FY2022FY2023FY2024FY2025
Total facility beds availableunverified123127169126144149
Total bed days availableunverified19,21146,47261,60845,99052,70454,373
Total facility dischargesunverified2,9648,0537,6087,2538,2949,492
Total facility inpatient daysunverified17,40843,31742,71037,62243,20845,381
Total patient revenue (gross charges)unverified$454,565,931$1,005,081,409$1,087,118,565$1,182,573,754$1,383,835,598$1,560,388,700
Contractual allowances and discountsunverified$393,894,006$838,717,609$913,731,997$990,466,190$1,183,428,364$1,318,628,985
Net patient revenueunverified$60,671,925$166,363,800$173,386,568$192,107,564$200,407,234$241,759,715
Total operating expensesunverified$80,623,699$200,374,264$211,960,201$205,060,493$223,342,382$248,190,831
Net income from service to patientsunverified$-19,951,774$-34,010,464$-38,573,633$-12,952,929$-22,935,148$-6,431,116
Net incomeunverified$-13,861,040$-35,207,620$-34,884,099$-10,368,105$-19,957,380$-4,554,316
Cost of uncompensated careunverified$16,222,367$26,996,545$24,744,746$22,787,614$20,508,893$23,328,588
Total facility bad debt expenseunverified$30,197,551$34,969,248$12,826,352$17,678,387$17,937,545$30,569,781
Charity care charges and uninsured discountsunverified$69,825,526$113,617,201$117,659,012$117,795,432$112,448,856$128,566,472
Cost of charity careunverified$11,296,998$20,688,904$22,343,711$19,899,674$17,803,552$19,115,290
Charges for insured patients' liabilityunverified$866,354$829,212
Operating marginunverified-32.9%-20.4%-22.2%-6.7%-11.4%-2.7%
Overall cost-to-charge ratiounverified17.7%19.9%19.5%17.3%16.1%15.9%
Occupancy rateunverified90.6%93.2%69.3%81.8%82.0%83.5%
Average length of stayunverified5.95.45.65.25.24.8
Uncompensated care as % of operating expenseunverified20.1%13.5%11.7%11.1%9.2%9.4%
Charity care cost-to-charge ratiounverified16.2%18.2%19.0%16.9%15.8%14.9%
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