LOWER KEYS MEDICAL CENTER — financial and operating metrics

CCN 100150, KEY WEST, 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 availableunverified999999999999
Total bed days availableunverified36,23436,13536,13536,13536,23436,135
Total facility dischargesunverified2,3452,4262,4352,4752,2982,352
Total facility inpatient daysunverified9,29710,2449,4809,7639,2558,896
Total patient revenue (gross charges)unverified$411,551,726$454,392,118$475,044,369$489,978,266$473,770,787$516,072,353
Contractual allowances and discountsunverified$318,234,553$341,886,603$355,541,986$367,645,007$357,322,016$377,792,578
Net patient revenueunverified$93,317,173$112,505,515$119,502,383$122,333,259$116,448,771$138,279,775
Total operating expensesunverified$74,521,822$81,321,828$87,069,163$90,414,733$88,803,755$103,206,026
Net income from service to patientsunverified$18,795,351$31,183,687$32,433,220$31,918,526$27,645,016$35,073,749
Net incomeunverified$25,086,186$30,601,601$33,184,514$34,509,383$27,673,396$35,104,527
Cost of uncompensated careunverified$9,783,318$7,663,895$10,163,093$12,649,562$9,411,334$10,804,757
Total facility bad debt expenseunverified$25,573,782$13,701,053$19,680,983$21,562,027$17,529,856$17,553,598
Charity care charges and uninsured discountsunverified$32,326,946$31,213,245$37,342,051$41,324,848$35,738,726$36,286,919
Cost of charity careunverified$5,397,177$5,247,731$6,577,230$8,262,132$6,271,179$7,250,956
Operating marginunverified20.1%27.7%27.1%26.1%23.7%25.4%
Overall cost-to-charge ratiounverified18.1%17.9%18.3%18.5%18.7%20.0%
Occupancy rateunverified25.7%28.3%26.2%27.0%25.5%24.6%
Average length of stayunverified4.04.23.93.94.03.8
Uncompensated care as % of operating expenseunverified13.1%9.4%11.7%14.0%10.6%10.5%
Charity care cost-to-charge ratiounverified16.7%16.8%17.6%20.0%17.5%20.0%
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