COVENANT MEDICAL CENTER — financial and operating metrics

CCN 230070, SAGINAW, 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 availableunverified474474464464464464
Total bed days availableunverified173,273173,010170,200162,300169,824169,360
Total facility dischargesunverified23,93122,43221,31621,72122,98023,242
Total facility inpatient daysunverified127,369129,882130,739123,236121,305123,344
Total patient revenue (gross charges)unverified$2,253,627,915$2,452,187,399$2,474,894,056$2,414,407,462$2,567,313,892$2,728,782,190
Contractual allowances and discountsunverified$1,652,748,023$1,773,899,921$1,789,598,429$1,733,548,294$1,826,887,300$1,931,842,769
Net patient revenueunverified$600,879,892$678,287,478$685,295,627$680,859,168$740,426,592$796,939,421
Total operating expensesunverified$648,153,890$705,708,043$766,085,208$752,473,247$783,617,476$851,048,165
Net income from service to patientsunverified$-47,273,998$-27,420,565$-80,789,581$-71,614,079$-43,190,884$-54,108,744
Net incomeunverified$15,311,773$113,139,042$-101,600,011$5,526,960$51,934,486$13,023,956
Cost of uncompensated careunverified$7,301,810$7,372,511$7,184,395$6,776,305$8,294,380$10,187,402
Total facility bad debt expenseunverified$21,107,074$21,272,506$17,924,704$15,326,444$16,785,967$24,643,216
Charity care charges and uninsured discountsunverified$9,033,970$9,731,708$9,689,840$9,901,154$12,082,029$14,422,477
Cost of charity careunverified$2,288,047$2,357,524$2,681,089$2,929,286$4,193,729$4,449,027
Charges for insured patients' liabilityunverified$85,454$203,996
Operating marginunverified-7.9%-4.0%-11.8%-10.5%-5.8%-6.8%
Overall cost-to-charge ratiounverified28.8%28.8%31.0%31.2%30.5%31.2%
Occupancy rateunverified73.5%75.1%76.8%75.9%71.4%72.8%
Average length of stayunverified5.35.86.15.75.35.3
Uncompensated care as % of operating expenseunverified1.1%1.0%0.9%0.9%1.1%1.2%
Charity care cost-to-charge ratiounverified25.3%24.2%27.7%29.6%34.7%30.8%
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