NORWOOD HOSPITAL — financial and operating metrics

CCN 220126, NORWOOD, MA · Medicare cost reports, FY2019–FY2024

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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MetricFY2019FY2020FY2021FY2022FY2023FY2024
Total facility beds availableunverified149149
Total bed days availableunverified54,38554,534
Total facility dischargesunverified8,1323,867
Total facility inpatient daysunverified32,88916,216
Total patient revenue (gross charges)unverified$406,249,688$194,914,419$60,844,249$62,402,483$57,720,628$45,479,579
Contractual allowances and discountsunverified$200,827,776$96,653,321$37,612,501$41,480,483$41,198,134$32,690,675
Net patient revenueunverified$205,421,912$98,261,098$23,231,748$20,922,000$16,522,494$12,788,904
Total operating expensesunverified$188,167,543$126,973,680$63,819,078$18,109,253$32,078,422$24,173,936
Net income from service to patientsunverified$17,254,369$-28,712,582$-40,587,330$2,812,747$-15,555,928$-11,385,032
Net incomeunverified$29,169,845$1,061,963$-28,155,054$38,007,418$51,486,599$64,745,241
Cost of uncompensated careunverified$3,134,004$2,631,510$836,719$264,057$209,202$411,259
Total facility bad debt expenseunverified$5,249,584$3,880,749$1,512,810$614,069$309,778$293,402
Charity care charges and uninsured discountsunverified$1,715,395$1,366,284$335,269$16,897$17,982$31,195
Cost of charity careunverified$909,935$788,474$182,707$14,340$16,600$39,686
Charges for insured patients' liabilityunverified$5,176
Operating marginunverified8.4%-29.2%-174.7%13.4%-94.1%-89.0%
Overall cost-to-charge ratiounverified46.3%65.1%104.9%29.0%55.6%53.2%
Occupancy rateunverified60.5%29.7%
Average length of stayunverified4.04.2
Uncompensated care as % of operating expenseunverified1.7%2.1%1.3%1.5%0.7%1.7%
Charity care cost-to-charge ratiounverified53.0%57.7%54.5%84.9%92.3%127.2%
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