GRUNDY COUNTY MEMORIAL HOSPITAL — financial and operating metrics

CCN 161303, GRUNDY CENTER, 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 availableunverified252525252525
Total bed days availableunverified9,1509,1259,1259,1259,1509,125
Total facility dischargesunverified7394140143164183
Total facility inpatient daysunverified8261,3431,2261,4081,4981,409
Total patient revenue (gross charges)unverified$36,047,090$41,074,010$46,021,887$48,928,094$57,097,817$63,616,340
Contractual allowances and discountsunverified$15,812,022$18,681,713$20,277,720$22,576,303$22,343,687$23,433,762
Net patient revenueunverified$20,235,068$22,392,297$25,744,167$26,351,791$34,754,130$40,182,578
Total operating expensesunverified$19,658,400$20,488,444$23,610,396$24,740,895$30,581,532$34,694,380
Net income from service to patientsunverified$576,668$1,903,853$2,133,771$1,610,896$4,172,598$5,488,198
Net incomeunverified$3,510,028$6,424,743$3,298,029$1,697,189$4,875,513$6,682,382
Cost of uncompensated careunverified$405,658$333,134$360,782$277,428$147,588$421,330
Total facility bad debt expenseunverified$582,257$495,760$562,300$436,250$207,500$715,344
Charity care charges and uninsured discountsunverified$134,621$121,434$96,120$73,843$70,773$48,116
Cost of charity careunverified$77,324$66,119$54,057$40,828$39,656$26,965
Operating marginunverified2.8%8.5%8.3%6.1%12.0%13.7%
Overall cost-to-charge ratiounverified54.5%49.9%51.3%50.6%53.6%54.5%
Occupancy rateunverified9.0%14.7%13.4%15.4%16.4%15.4%
Average length of stayunverified11.314.38.89.89.17.7
Uncompensated care as % of operating expenseunverified2.1%1.6%1.5%1.1%0.5%1.2%
Charity care cost-to-charge ratiounverified57.4%54.4%56.2%55.3%56.0%56.0%
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