LAKES REGIONAL HEALTHCARE — financial and operating metrics

CCN 160124, SPIRIT LAKE, 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 availableunverified444444444444
Total bed days availableunverified16,10416,06016,06016,06016,10416,060
Total facility dischargesunverified9301,1021,1091,1331,0311,014
Total facility inpatient daysunverified3,3804,5634,6224,4303,7543,646
Total patient revenue (gross charges)unverified$90,631,488$110,241,840$113,667,840$122,910,012$133,055,986$148,297,221
Contractual allowances and discountsunverified$47,477,488$56,628,875$58,332,817$66,147,729$66,992,235$79,463,307
Net patient revenueunverified$43,154,000$53,612,965$55,335,023$56,762,283$66,063,751$68,833,914
Total operating expensesunverified$47,173,344$54,921,255$56,673,312$60,091,260$65,095,804$68,701,568
Net income from service to patientsunverified$-4,019,344$-1,308,290$-1,338,289$-3,328,977$967,947$132,346
Net incomeunverified$3,329,319$5,805,074$2,850,887$-103,631$5,163,513$5,195,368
Cost of uncompensated careunverified$579,094$762,404$1,010,558$774,679$838,355$1,160,292
Total facility bad debt expenseunverified$585,795$1,072,222$1,331,818$1,168,266$1,361,507$2,163,311
Charity care charges and uninsured discountsunverified$508,894$403,357$577,060$303,780$389,944$356,926
Cost of charity careunverified$288,365$239,967$306,128$189,740$186,652$164,495
Operating marginunverified-9.3%-2.4%-2.4%-5.9%1.5%0.2%
Overall cost-to-charge ratiounverified52.0%49.8%49.9%48.9%48.9%46.3%
Occupancy rateunverified21.0%28.4%28.8%27.6%23.3%22.7%
Average length of stayunverified3.64.14.23.93.63.6
Uncompensated care as % of operating expenseunverified1.2%1.4%1.8%1.3%1.3%1.7%
Charity care cost-to-charge ratiounverified56.7%59.5%53.0%62.5%47.9%46.1%
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