PROMEDICA CHARLES AND VIRGINIA HICKMAN HOSPITAL — financial and operating metrics

CCN 230005, ADRIAN, MI · 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 availableunverified585858585858
Total bed days availableunverified29,26821,17021,17021,17021,22821,170
Total facility dischargesunverified2,5133,0453,0092,7552,9363,031
Total facility inpatient daysunverified8,81612,27211,36510,58911,14511,931
Total patient revenue (gross charges)unverified$409,982,350$555,859,114$558,768,978$600,517,985$649,988,094$675,692,896
Contractual allowances and discountsunverified$322,626,412$424,754,190$434,031,165$474,332,025$503,053,881$522,079,421
Net patient revenueunverified$87,355,938$131,104,924$124,737,813$126,185,960$146,934,213$153,613,475
Total operating expensesunverified$88,124,594$110,126,852$117,826,483$123,543,072$121,661,850$122,535,989
Net income from service to patientsunverified$-768,656$20,978,072$6,911,330$2,642,888$25,272,363$31,077,486
Net incomeunverified$-33,576,048$-66,033,159$16,270,476$-40,688,752$17,628,156$2,860,637
Cost of uncompensated careunverified$2,059,650$1,685,054$1,996,941$2,117,898$2,328,495$2,894,134
Total facility bad debt expenseunverified$5,867,272$5,115,537$5,462,441$5,648,055$5,405,834$7,015,534
Charity care charges and uninsured discountsunverified$3,803,061$3,025,584$3,598,968$4,306,592$6,464,892$8,197,681
Cost of charity careunverified$830,638$558,544$809,079$906,242$1,282,038$1,604,190
Charges for insured patients' liabilityunverified$608,208$359,181
Operating marginunverified-0.9%16.0%5.5%2.1%17.2%20.2%
Overall cost-to-charge ratiounverified21.5%19.8%21.1%20.6%18.7%18.1%
Occupancy rateunverified30.1%58.0%53.7%50.0%52.5%56.4%
Average length of stayunverified3.54.03.83.83.83.9
Uncompensated care as % of operating expenseunverified2.3%1.5%1.7%1.7%1.9%2.4%
Charity care cost-to-charge ratiounverified21.8%18.5%22.5%21.0%19.8%19.6%
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