CCN 230193, LAPEER, 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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| Metric | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|
| Total facility beds availableunverified | 94 | 94 | 92 | 92 | 92 | 92 |
| Total bed days availableunverified | 34,404 | 34,310 | 33,580 | 33,580 | 33,672 | 32,775 |
| Total facility dischargesunverified | 4,979 | 4,750 | 4,653 | 4,845 | 4,182 | 5,293 |
| Total facility inpatient daysunverified | 18,957 | 20,430 | 20,065 | 19,575 | 21,967 | 22,450 |
| Total patient revenue (gross charges)unverified | $438,370,377 | $486,383,250 | $464,893,154 | $506,346,995 | $548,586,820 | $582,073,293 |
| Contractual allowances and discountsunverified | $323,966,815 | $351,718,669 | $337,798,216 | $374,143,259 | $401,784,148 | $432,854,098 |
| Net patient revenueunverified | $114,403,562 | $134,664,581 | $127,094,938 | $132,203,736 | $146,802,672 | $149,219,195 |
| Total operating expensesunverified | $113,665,675 | $127,865,899 | $128,957,854 | $129,172,427 | $135,532,151 | $139,698,952 |
| Net income from service to patientsunverified | $737,887 | $6,798,682 | $-1,862,916 | $3,031,309 | $11,270,521 | $9,520,243 |
| Net incomeunverified | $15,659,673 | $21,096,622 | $-11,456,999 | $-27,736,296 | $30,325,878 | $26,198,244 |
| Cost of uncompensated careunverified | $2,912,094 | $2,501,167 | $1,944,243 | $3,393,446 | $4,703,994 | $6,013,794 |
| Total facility bad debt expenseunverified | $9,848,977 | $7,113,113 | $4,521,003 | $5,418,568 | $5,678,374 | $3,069,503 |
| Charity care charges and uninsured discountsunverified | $1,335,321 | $2,417,316 | $2,279,340 | $5,703,015 | $8,482,595 | $14,305,301 |
| Cost of charity careunverified | $458,398 | $714,022 | $750,478 | $2,028,091 | $3,346,938 | $5,261,141 |
| Charges for insured patients' liabilityunverified | — | — | — | $88,512 | $151,005 | $462,996 |
| Operating marginunverified | 0.6% | 5.0% | -1.5% | 2.3% | 7.7% | 6.4% |
| Overall cost-to-charge ratiounverified | 25.9% | 26.3% | 27.7% | 25.5% | 24.7% | 24.0% |
| Occupancy rateunverified | 55.1% | 59.5% | 59.8% | 58.3% | 65.2% | 68.5% |
| Average length of stayunverified | 3.8 | 4.3 | 4.3 | 4.0 | 5.3 | 4.2 |
| Uncompensated care as % of operating expenseunverified | 2.6% | 2.0% | 1.5% | 2.6% | 3.5% | 4.3% |
| Charity care cost-to-charge ratiounverified | 34.3% | 29.5% | 32.9% | 35.6% | 39.5% | 36.8% |