LAKE HURON MEDICAL CENTER — financial and operating metrics

CCN 230031, PORT HURON, 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 availableunverified154154134129129129
Total bed days availableunverified56,36456,21056,21047,08547,21447,085
Total facility dischargesunverified2,9632,9672,8893,1363,4623,643
Total facility inpatient daysunverified11,44213,22813,05513,22214,15814,106
Total patient revenue (gross charges)unverified$318,569,471$354,557,013$375,913,171$389,141,293$377,300,092$361,901,421
Contractual allowances and discountsunverified$256,815,941$292,229,782$317,353,857$321,840,716$306,219,547$287,873,761
Net patient revenueunverified$61,753,530$62,327,231$58,559,314$67,300,577$71,080,545$74,027,660
Total operating expensesunverified$66,419,169$66,775,514$68,383,849$69,125,277$71,056,912$78,039,416
Net income from service to patientsunverified$-4,665,639$-4,448,283$-9,824,535$-1,824,700$23,633$-4,011,756
Net incomeunverified$5,092,780$3,170,157$-2,094,944$-675,298$1,369,891$-2,860,830
Cost of uncompensated careunverified$2,080,930$1,360,809$1,250,786$1,079,399$1,463,718$1,538,149
Total facility bad debt expenseunverified$3,938,107$4,672,214$3,929,893$4,607,214$6,678,208$6,799,146
Charity care charges and uninsured discountsunverified$7,710,461$2,938,092$3,639,445$1,761,174$1,701,412$1,549,910
Cost of charity careunverified$1,330,704$512,333$567,269$262,375$295,853$271,157
Charges for insured patients' liabilityunverified$67,628
Operating marginunverified-7.6%-7.1%-16.8%-2.7%0.0%-5.4%
Overall cost-to-charge ratiounverified20.8%18.8%18.2%17.8%18.8%21.6%
Occupancy rateunverified20.3%23.5%23.2%28.1%30.0%30.0%
Average length of stayunverified3.94.54.54.24.13.9
Uncompensated care as % of operating expenseunverified3.1%2.0%1.8%1.6%2.1%2.0%
Charity care cost-to-charge ratiounverified17.3%17.4%15.6%14.9%17.4%17.5%
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