IU HEALTH BLACKFORD HOSPITAL — financial and operating metrics

CCN 151302, HARTFORD CITY, IN · Medicare cost reports, FY2018–FY2023

Short reporting period. FY2023 (273 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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MetricFY2018FY2019FY2020FY2021FY2022FY2023
273d
Total facility beds availableunverified151515151515
Total bed days availableunverified5,4755,4755,4905,4755,4754,110
Total facility dischargesunverified274277344501305131
Total facility inpatient daysunverified2,2212,0522,2272,3841,704843
Total patient revenue (gross charges)unverified$40,715,898$42,095,385$41,884,343$61,296,019$65,542,290$44,551,066
Contractual allowances and discountsunverified$24,348,035$25,290,274$23,980,291$38,177,414$41,597,440$29,590,266
Net patient revenueunverified$16,367,863$16,805,111$17,904,052$23,118,605$23,944,850$14,960,800
Total operating expensesunverified$18,292,613$18,675,824$19,659,164$24,133,935$27,754,533$19,208,949
Net income from service to patientsunverified$-1,924,750$-1,870,713$-1,755,112$-1,015,330$-3,809,683$-4,248,149
Net incomeunverified$-1,707,853$-1,467,917$-1,407,293$3,443,721$-3,214,139$-3,820,031
Cost of uncompensated careunverified$1,069,911$1,319,344$1,106,639$1,242,596$1,076,293$1,015,037
Total facility bad debt expenseunverified$1,563,281$1,899,821$1,535,689$1,607,303$1,469,825$1,553,232
Charity care charges and uninsured discountsunverified$1,018,104$1,273,571$946,078$1,332,407$1,109,836$762,225
Cost of charity careunverified$441,809$557,393$450,144$631,039$495,051$383,163
Charges for insured patients' liabilityunverified$54,345
Operating marginunverified-11.8%-11.1%-9.8%-4.4%-15.9%-28.4%
Overall cost-to-charge ratiounverified44.9%44.4%46.9%39.4%42.3%43.1%
Occupancy rateunverified40.6%37.5%40.6%43.5%31.1%20.5%
Average length of stayunverified8.17.46.54.85.66.4
Uncompensated care as % of operating expenseunverified5.8%7.1%5.6%5.1%3.9%5.3%
Charity care cost-to-charge ratiounverified43.4%43.8%47.6%47.4%44.6%50.3%
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