MAINEHEALTH WALDO HOSPITAL — financial and operating metrics

CCN 201312, BELFAST, ME · 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 dischargesunverified9829421,0131,0151,1611,080
Total facility inpatient daysunverified5,7646,6447,7237,5086,9697,305
Total patient revenue (gross charges)unverified$157,335,027$185,276,934$210,950,304$242,336,773$263,101,632$293,442,344
Contractual allowances and discountsunverified$61,534,647$77,188,179$95,543,684$114,855,919$127,457,420$143,959,973
Net patient revenueunverified$95,800,380$108,088,755$115,406,620$127,480,854$135,644,212$149,482,371
Total operating expensesunverified$105,661,803$106,340,013$122,803,440$126,522,867$131,533,993$138,648,545
Net income from service to patientsunverified$-9,861,423$1,748,742$-7,396,820$957,987$4,110,219$10,833,826
Net incomeunverified$-9,721,543$-10,334,440$8,563,223$15,824,993$12,709,158$19,706,325
Cost of uncompensated careunverified$17,215,165$2,724,070$3,531,423$4,255,379$4,411,257$4,005,133
Total facility bad debt expenseunverified$26,417,888$4,428,470$4,614,753$6,363,339$7,011,559$5,226,442
Charity care charges and uninsured discountsunverified$2,244,956$878,332$1,590,522$1,768,364$1,805,989$2,517,004
Cost of charity careunverified$1,513,411$564,375$1,330,923$1,405,312$1,195,676$1,648,579
Charges for insured patients' liabilityunverified$680,473
Operating marginunverified-10.3%1.6%-6.4%0.8%3.0%7.2%
Overall cost-to-charge ratiounverified67.2%57.4%58.2%52.2%50.0%47.2%
Occupancy rateunverified63.0%72.8%84.6%82.3%76.2%80.1%
Average length of stayunverified5.97.17.67.46.06.8
Uncompensated care as % of operating expenseunverified16.3%2.6%2.9%3.4%3.4%2.9%
Charity care cost-to-charge ratiounverified67.4%64.3%83.7%79.5%66.2%65.5%
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