FORT MADISON COMMUNITY HOSPITAL — financial and operating metrics

CCN 160122, FORT MADISON, IA · Medicare cost reports, FY2017–FY2021

Short reporting period. FY2020 (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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MetricFY2017FY2018FY2019FY2020
273d
FY2021
Total facility beds availableunverified5050505050
Total bed days availableunverified18,25018,25018,25013,70018,250
Total facility dischargesunverified1,2081,048963665826
Total facility inpatient daysunverified5,0103,7023,3012,4142,880
Total patient revenue (gross charges)unverified$154,022,804$162,079,542$179,877,161$113,622,909$155,076,362
Contractual allowances and discountsunverified$99,736,294$110,449,609$122,821,295$78,403,282$105,654,953
Net patient revenueunverified$54,286,510$51,629,933$57,055,866$35,219,627$49,421,409
Total operating expensesunverified$59,098,281$61,326,449$59,936,551$44,259,824$58,064,241
Net income from service to patientsunverified$-4,811,771$-9,696,516$-2,880,685$-9,040,197$-8,642,832
Net incomeunverified$-524,646$-3,679,750$-2,014,350$1,098,083$2,274,519
Cost of uncompensated careunverified$884,498$695,207$818,494$1,511,480$1,316,925
Total facility bad debt expenseunverified$1,775,709$2,172,731$1,285,370$1,696,804$2,163,387
Charity care charges and uninsured discountsunverified$364,119$645,606$1,376,512$744,390
Cost of charity careunverified$278,834$417,124$913,450$604,719
Operating marginunverified-8.9%-18.8%-5.0%-25.7%-17.5%
Overall cost-to-charge ratiounverified38.4%37.8%33.3%39.0%37.4%
Occupancy rateunverified27.5%20.3%18.1%17.6%15.8%
Average length of stayunverified4.13.53.43.63.5
Uncompensated care as % of operating expenseunverified1.5%1.1%1.4%3.4%2.3%
Charity care cost-to-charge ratiounverified76.6%64.6%66.4%81.2%
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