MERCYONE PRIMGHAR MEDICAL CENTER — financial and operating metrics

CCN 161300, PRIMGHAR, IA · Medicare cost reports, FY2019–FY2024

Short reporting period. FY2024 (90 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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MetricFY2019FY2020FY2021FY2022FY2023FY2024
90d
Total facility beds availableunverified141414141414
Total bed days availableunverified5,1245,1245,1105,0965,1101,274
Total facility dischargesunverified68727246397
Total facility inpatient daysunverified36027132524420739.0
Total patient revenue (gross charges)unverified$10,341,942$9,052,011$9,418,067$9,728,509$7,902,554$1,324,535
Contractual allowances and discountsunverified$2,803,204$2,165,532$349,211
Net patient revenueunverified$7,538,738$9,052,011$9,418,067$7,562,977$7,553,343$1,324,535
Total operating expensesunverified$8,147,999$7,552,206$6,962,545$9,105,055$8,694,712$2,453,405
Net income from service to patientsunverified$-609,261$1,499,805$2,455,522$-1,542,078$-1,141,369$-1,128,870
Net incomeunverified$-485,566$1,499,805$3,306,658$-1,416,229$-1,248,705$-826,044
Cost of uncompensated careunverified$87,857$105,894$221,934$375,333$27,008
Total facility bad debt expenseunverified$37,225$112,283$108,602
Charity care charges and uninsured discountsunverified$91,856$84,726$90,151$166,780$11,420
Cost of charity careunverified$87,857$74,423$101,130$228,559$27,008
Operating marginunverified-8.1%16.6%26.1%-20.4%-15.1%-85.2%
Overall cost-to-charge ratiounverified78.8%83.4%73.9%93.6%110.0%185.2%
Occupancy rateunverified7.0%5.3%6.4%4.8%4.1%3.1%
Average length of stayunverified5.33.84.55.35.3
Uncompensated care as % of operating expenseunverified1.2%1.5%2.4%4.3%1.1%
Charity care cost-to-charge ratiounverified95.6%87.8%112.2%137.0%236.5%
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