MCCREADY MEMORIAL HOSPITAL — financial and operating metrics

CCN 210045, CRISFIELD, MD · Medicare cost reports, FY2018–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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MetricFY2018FY2019FY2020
243d
Total facility beds availableunverified333
Total bed days availableunverified1,0951,095732
Total facility dischargesunverified23717297
Total facility inpatient daysunverified779571280
Total patient revenue (gross charges)unverified$20,186,457$18,842,128$11,783,306
Contractual allowances and discountsunverified$3,012,613$3,987,783$2,007,107
Net patient revenueunverified$17,173,844$14,854,345$9,776,199
Total operating expensesunverified$18,096,795$17,768,697$11,029,076
Net income from service to patientsunverified$-922,951$-2,914,352$-1,252,877
Net incomeunverified$-689,583$-927,489$-99,479
Cost of uncompensated careunverified$921,753$749,238$538,027
Total facility bad debt expenseunverified$1,120,413$839,308$582,224
Charity care charges and uninsured discountsunverified$290,760$342,529$173,076
Cost of charity careunverified$189,919$217,150$123,288
Operating marginunverified-5.4%-19.6%-12.8%
Overall cost-to-charge ratiounverified89.6%94.3%93.6%
Occupancy rateunverified71.1%52.1%38.3%
Average length of stayunverified3.33.32.9
Uncompensated care as % of operating expenseunverified5.1%4.2%4.9%
Charity care cost-to-charge ratiounverified65.3%63.4%71.2%
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