HOMESTEAD HOSPITAL — financial and operating metrics

CCN 100125, HOMESTEAD, FL · 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 availableunverified197159159159146146
Total bed days availableunverified71,91958,03558,03558,03553,43653,290
Total facility dischargesunverified7,4767,2256,7347,4869,1199,305
Total facility inpatient daysunverified32,12734,78130,26328,78631,47633,780
Total patient revenue (gross charges)unverified$1,025,350,720$1,222,306,097$1,319,073,097$1,477,280,464$1,571,292,787$1,686,460,547
Contractual allowances and discountsunverified$801,488,268$962,523,374$1,048,722,505$1,224,424,228$1,289,983,387$1,354,192,275
Net patient revenueunverified$223,862,452$259,782,723$270,350,592$252,856,236$281,309,400$332,268,272
Total operating expensesunverified$247,591,282$267,728,839$300,318,281$298,669,372$292,467,517$316,283,173
Net income from service to patientsunverified$-23,728,830$-7,946,116$-29,967,689$-45,813,136$-11,158,117$15,985,099
Net incomeunverified$-14,079,499$10,069,155$-26,494,770$-42,481,308$-6,262,244$21,743,740
Cost of uncompensated careunverified$33,026,895$32,430,951$38,480,045$38,830,168$38,689,998$35,942,071
Total facility bad debt expenseunverified$52,372,359$77,521,669$65,616,944$89,487,606$19,682,031$31,865,559
Charity care charges and uninsured discountsunverified$97,678,677$84,090,689$106,815,381$116,532,926$203,513,286$188,599,144
Cost of charity careunverified$21,406,770$16,885,294$24,586,754$21,903,063$35,187,447$30,625,106
Charges for insured patients' liabilityunverified$661,485$343,201$280,402
Operating marginunverified-10.6%-3.1%-11.1%-18.1%-4.0%4.8%
Overall cost-to-charge ratiounverified24.1%21.9%22.8%20.2%18.6%18.8%
Occupancy rateunverified44.7%59.9%52.1%49.6%58.9%63.4%
Average length of stayunverified4.34.84.53.83.53.6
Uncompensated care as % of operating expenseunverified13.3%12.1%12.8%13.0%13.2%11.4%
Charity care cost-to-charge ratiounverified21.9%20.1%23.0%18.8%17.3%16.2%
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