PALM BEACH GARDENS MEDICAL CENTER — financial and operating metrics

CCN 100176, PALM BEACH GARDENS, 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 availableunverified199199199199199199
Total bed days availableunverified72,83472,63572,63572,63572,83472,635
Total facility dischargesunverified9,3389,7849,8249,4409,3109,281
Total facility inpatient daysunverified46,43650,83349,32648,27644,13544,337
Total patient revenue (gross charges)unverified$1,917,408,771$2,279,488,389$2,393,811,781$2,613,250,861$2,807,111,899$3,120,044,727
Contractual allowances and discountsunverified$1,704,246,591$2,044,120,106$2,158,244,083$2,372,588,481$2,558,337,383$2,857,747,061
Net patient revenueunverified$213,162,180$235,368,283$235,567,698$240,662,380$248,774,516$262,297,666
Total operating expensesunverified$200,582,001$221,776,509$206,175,930$214,878,563$224,876,211$242,107,948
Net income from service to patientsunverified$12,580,179$13,591,774$29,391,768$25,783,817$23,898,305$20,189,718
Net incomeunverified$25,110,267$35,832,762$35,808,972$27,668,164$25,719,115$22,237,049
Cost of uncompensated careunverified$7,491,727$7,260,640$6,265,490$6,597,867$5,636,359$6,618,979
Total facility bad debt expenseunverified$18,360,571$16,873,529$16,574,911$20,370,965$17,709,323$15,261,275
Charity care charges and uninsured discountsunverified$57,659,732$58,557,408$59,735,841$62,155,036$59,246,099$78,557,797
Cost of charity careunverified$5,509,768$5,559,107$4,778,444$4,882,729$4,201,959$5,396,377
Operating marginunverified5.9%5.8%12.5%10.7%9.6%7.7%
Overall cost-to-charge ratiounverified10.5%9.7%8.6%8.2%8.0%7.8%
Occupancy rateunverified63.8%70.0%67.9%66.5%60.6%61.0%
Average length of stayunverified5.05.25.05.14.74.8
Uncompensated care as % of operating expenseunverified3.7%3.3%3.0%3.1%2.5%2.7%
Charity care cost-to-charge ratiounverified9.6%9.5%8.0%7.9%7.1%6.9%
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