COBALT REHABILITATION HOSPITAL — financial and operating metrics

CCN 193098, NEW ORLEANS, LA · Medicare cost reports, FY2017–FY2020

Short reporting period. FY2020 (243 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
243d
Total facility beds availableunverified60606060
Total bed days availableunverified22,28021,90021,90014,580
Total facility dischargesunverified243539588388
Total facility inpatient daysunverified3,1918,1188,6745,475
Total patient revenue (gross charges)unverified$11,879,063$27,485,523$30,129,125$30,129,125
Contractual allowances and discountsunverified$8,101,813$17,662,993$17,610,819$17,610,819
Net patient revenueunverified$3,777,250$9,822,530$12,518,306$12,518,306
Total operating expensesunverified$9,067,917$12,084,395$13,713,514$7,306,853
Net income from service to patientsunverified$-5,290,667$-2,261,865$-1,195,208$5,211,453
Net incomeunverified$-5,729,310$-2,227,968$-1,118,139$5,288,522
Operating marginunverified-140.1%-23.0%-9.5%41.6%
Overall cost-to-charge ratiounverified76.3%44.0%45.5%24.3%
Occupancy rateunverified14.3%37.1%39.6%37.6%
Average length of stayunverified13.115.114.814.1
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