SPENCER MUNICIPAL HOSPITAL — financial and operating metrics

CCN 160112, SPENCER, IA · 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 availableunverified494949494949
Total bed days availableunverified17,93417,88517,88517,88517,93417,885
Total facility dischargesunverified1,6621,3861,3081,4461,4411,362
Total facility inpatient daysunverified6,2885,9675,8415,8425,6005,308
Total patient revenue (gross charges)unverified$235,826,029$254,959,373$263,022,861$280,588,200$276,644,989$286,140,704
Contractual allowances and discountsunverified$142,180,634$151,705,047$154,646,177$171,898,018$158,782,807$157,651,606
Net patient revenueunverified$93,645,395$103,254,326$108,376,684$108,690,182$117,862,182$128,489,098
Total operating expensesunverified$95,329,160$109,524,062$112,522,985$119,895,910$121,621,076$126,956,968
Net income from service to patientsunverified$-1,683,765$-6,269,736$-4,146,301$-11,205,728$-3,758,894$1,532,130
Net incomeunverified$4,560,273$6,113,699$19,709$-2,155,220$5,763,223$11,914,054
Cost of uncompensated careunverified$925,360$743,049$718,065$1,196,493$1,266,603$1,364,585
Total facility bad debt expenseunverified$1,405,067$788,245$1,010,374$2,282,373$1,746,715$1,713,440
Charity care charges and uninsured discountsunverified$634,857$823,169$597,571$501,287$1,108,763$1,411,094
Cost of charity careunverified$430,244$450,904$331,343$328,810$603,550$720,049
Operating marginunverified-1.8%-6.1%-3.8%-10.3%-3.2%1.2%
Overall cost-to-charge ratiounverified40.4%43.0%42.8%42.7%44.0%44.4%
Occupancy rateunverified35.1%33.4%32.7%32.7%31.2%29.7%
Average length of stayunverified3.84.34.54.03.93.9
Uncompensated care as % of operating expenseunverified1.0%0.7%0.6%1.0%1.0%1.1%
Charity care cost-to-charge ratiounverified67.8%54.8%55.4%65.6%54.4%51.0%
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