CCN 230078, WATERVLIET, MI · Medicare cost reports, FY2020–FY2025
Short reporting period. FY2023 (180 days) covers less than a full year, usually because the hospital changed its fiscal year end, opened, closed or changed hands. Its totals are not comparable with the full years beside them, and no figure here has been scaled up to disguise that.
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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| Metric | FY2020 | FY2021 | FY2022 | FY2023 180d | FY2024 | FY2025 |
|---|---|---|---|---|---|---|
| Total facility beds availableunverified | 26 | 26 | 26 | 26 | 26 | 26 |
| Total bed days availableunverified | 9,516 | 9,490 | 9,490 | 4,706 | 9,516 | 9,490 |
| Total facility dischargesunverified | 103 | 35 | 16 | 7 | 6 | 16 |
| Total facility inpatient daysunverified | 127 | 59.0 | 29.0 | 11.0 | 10.0 | 17.0 |
| Total patient revenue (gross charges)unverified | $103,228,188 | $120,835,764 | $132,154,422 | $69,288,973 | $141,406,569 | $142,278,377 |
| Contractual allowances and discountsunverified | $64,629,219 | $74,069,256 | $82,441,220 | $45,550,617 | $87,459,508 | $90,321,754 |
| Net patient revenueunverified | $38,598,969 | $46,766,508 | $49,713,202 | $23,738,356 | $53,947,061 | $51,956,623 |
| Total operating expensesunverified | $38,854,393 | $42,471,275 | $45,137,036 | $22,778,597 | $47,422,618 | $51,667,540 |
| Net income from service to patientsunverified | $-255,424 | $4,295,233 | $4,576,166 | $959,759 | $6,524,443 | $289,083 |
| Net incomeunverified | $265,887 | $7,163,571 | $6,427,712 | $1,114,666 | $7,127,004 | $927,713 |
| Cost of uncompensated careunverified | $962,435 | $795,142 | $1,153,990 | $533,284 | $1,574,882 | $1,794,928 |
| Total facility bad debt expenseunverified | $1,737,279 | $1,697,266 | $2,485,314 | $1,321,355 | $3,055,563 | $2,825,697 |
| Charity care charges and uninsured discountsunverified | $637,311 | $593,663 | $790,794 | $359,688 | $1,801,790 | $2,142,606 |
| Cost of charity careunverified | $340,693 | $248,833 | $308,586 | $118,454 | $588,694 | $788,031 |
| Charges for insured patients' liabilityunverified | — | — | — | — | — | $8,631 |
| Operating marginunverified | -0.7% | 9.2% | 9.2% | 4.0% | 12.1% | 0.6% |
| Overall cost-to-charge ratiounverified | 37.6% | 35.1% | 34.2% | 32.9% | 33.5% | 36.3% |
| Occupancy rateunverified | 1.3% | 0.6% | 0.3% | 0.2% | 0.1% | 0.2% |
| Average length of stayunverified | 1.2 | 1.7 | — | — | — | — |
| Uncompensated care as % of operating expenseunverified | 2.5% | 1.9% | 2.6% | 2.3% | 3.3% | 3.5% |
| Charity care cost-to-charge ratiounverified | 53.5% | 41.9% | 39.0% | 32.9% | 32.7% | 36.8% |