STURGIS HOSPITAL INC. — financial and operating metrics

CCN 230096, STURGIS, MI · Medicare cost reports, FY2018–FY2023

Short reporting period. FY2023 (277 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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MetricFY2018FY2019FY2020FY2021FY2022FY2023
277d
Total facility beds availableunverified494949494949
Total bed days availableunverified17,88517,88517,93417,88517,88513,622
Total facility dischargesunverified1,356529392492390120
Total facility inpatient daysunverified3,5231,5131,0641,5101,322347
Total patient revenue (gross charges)unverified$92,672,391$64,634,863$39,247,708$41,799,080$40,011,816$26,580,024
Contractual allowances and discountsunverified$51,910,129$36,251,454$22,655,116$24,019,448$24,617,247$16,830,183
Net patient revenueunverified$40,762,262$28,383,409$16,592,592$17,779,632$15,394,569$9,749,841
Total operating expensesunverified$46,463,631$36,284,176$24,461,889$24,479,835$24,386,291$18,159,681
Net income from service to patientsunverified$-5,701,369$-7,900,767$-7,869,297$-6,700,203$-8,991,722$-8,409,840
Net incomeunverified$-3,095,075$-7,081,663$5,277,556$-5,984,118$-8,479,093$-8,136,151
Cost of uncompensated careunverified$1,100,606$1,267,076$1,069,693$1,071,068$986,506$684,454
Total facility bad debt expenseunverified$2,386,806$2,489,155$1,927,131$2,035,385$1,805,356$1,166,869
Charity care charges and uninsured discountsunverified$99,485$71,079$10,605$619$21,968$30,566
Cost of charity careunverified$53,655$53,224$6,574$619$12,022$24,865
Operating marginunverified-14.0%-27.8%-47.4%-37.7%-58.4%-86.3%
Overall cost-to-charge ratiounverified50.1%56.1%62.3%58.6%60.9%68.3%
Occupancy rateunverified19.7%8.5%5.9%8.4%7.4%2.5%
Average length of stayunverified2.62.92.73.13.42.9
Uncompensated care as % of operating expenseunverified2.4%3.5%4.4%4.4%4.0%3.8%
Charity care cost-to-charge ratiounverified53.9%74.9%62.0%100.0%54.7%81.3%
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