VETERANS MEMORIAL HOSPITAL — financial and operating metrics

CCN 161318, WAUKON, 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 dischargesunverified450451411344334358
Total facility inpatient daysunverified2,5332,6422,6232,1201,6321,693
Total patient revenue (gross charges)unverified$30,696,263$34,984,871$43,876,580$52,912,974$54,009,350$57,854,272
Contractual allowances and discountsunverified$14,738,011$15,944,268$22,132,112$31,161,036$28,502,450$29,587,019
Net patient revenueunverified$15,958,252$19,040,603$21,744,468$21,751,938$25,506,900$28,267,253
Total operating expensesunverified$18,243,521$19,584,068$20,293,996$22,823,604$26,252,845$30,069,004
Net income from service to patientsunverified$-2,285,269$-543,465$1,450,472$-1,071,666$-745,945$-1,801,751
Net incomeunverified$-434,085$5,795,362$2,527,244$788,506$1,121,016$689,031
Cost of uncompensated careunverified$808,521$275,422$242,111$305,408$1,054,176$438,335
Total facility bad debt expenseunverified$1,262,136$451,675$412,099$585,618$1,706,695$474,303
Charity care charges and uninsured discountsunverified$105,493$41,577$45,878$58,787$270,746$264,277
Cost of charity careunverified$81,256$27,942$34,502$38,076$196,782$179,016
Operating marginunverified-14.3%-2.9%6.7%-4.9%-2.9%-6.4%
Overall cost-to-charge ratiounverified59.4%56.0%46.3%43.1%48.6%52.0%
Occupancy rateunverified27.7%29.0%28.7%23.2%17.8%18.6%
Average length of stayunverified5.65.96.46.24.94.7
Uncompensated care as % of operating expenseunverified4.4%1.4%1.2%1.3%4.0%1.5%
Charity care cost-to-charge ratiounverified77.0%67.2%75.2%64.8%72.7%67.7%
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