MYMICHIGAN MEDICAL CENTER ALMA — financial and operating metrics

CCN 230030, ALMA, 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 availableunverified494949493538
Total bed days availableunverified17,93417,88517,88517,88512,81013,870
Total facility dischargesunverified3,2063,0943,7712,5023,1563,410
Total facility inpatient daysunverified10,06211,47913,48711,89711,93912,860
Total patient revenue (gross charges)unverified$356,068,214$380,635,978$440,984,793$383,756,998$344,045,985$338,889,577
Contractual allowances and discountsunverified$220,364,636$238,359,600$276,528,644$241,565,212$199,784,784$202,337,950
Net patient revenueunverified$135,703,578$142,276,378$164,456,149$142,191,786$144,261,201$136,551,627
Total operating expensesunverified$134,657,023$149,310,540$172,457,793$150,638,074$151,089,539$149,409,143
Net income from service to patientsunverified$1,046,555$-7,034,162$-8,001,644$-8,446,288$-6,828,338$-12,857,516
Net incomeunverified$5,733,924$1,661,408$-4,234,406$3,742,501$2,675,270$-4,364,120
Cost of uncompensated careunverified$5,188,594$4,783,614$5,436,630$4,595,031$3,909,462$5,870,263
Total facility bad debt expenseunverified$4,258,343$3,645,997$3,628,469$4,354,277$2,994,875$6,012,621
Charity care charges and uninsured discountsunverified$6,571,710$6,711,724$8,069,691$5,586,080$4,964,301$6,220,047
Cost of charity careunverified$3,739,544$3,520,415$4,235,117$3,158,685$2,820,618$3,585,709
Charges for insured patients' liabilityunverified$104,870$108,858
Operating marginunverified0.8%-4.9%-4.9%-5.9%-4.7%-9.4%
Overall cost-to-charge ratiounverified37.8%39.2%39.1%39.3%43.9%44.1%
Occupancy rateunverified56.1%64.2%75.4%66.5%93.2%92.7%
Average length of stayunverified3.13.73.64.83.83.8
Uncompensated care as % of operating expenseunverified3.9%3.2%3.2%3.1%2.6%3.9%
Charity care cost-to-charge ratiounverified56.9%52.5%52.5%56.5%56.8%57.6%
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