SCHOOLCRAFT MEMORIAL HOSPITAL — financial and operating metrics

CCN 231303, MANISTIQUE, 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 availableunverified121212121212
Total bed days availableunverified4,3924,3804,3804,3804,3924,380
Total facility dischargesunverified316329277297290216
Total facility inpatient daysunverified1,5201,5161,4021,4231,1591,003
Total patient revenue (gross charges)unverified$63,469,017$78,618,926$84,028,868$103,336,088$116,991,595$126,813,934
Contractual allowances and discountsunverified$28,059,702$35,367,439$39,327,939$49,359,289$56,082,661$63,206,499
Net patient revenueunverified$35,409,315$43,251,487$44,700,929$53,976,799$60,908,934$63,607,435
Total operating expensesunverified$43,568,342$47,364,013$49,645,835$56,236,535$66,042,378$71,044,972
Net income from service to patientsunverified$-8,159,027$-4,112,526$-4,944,906$-2,259,736$-5,133,444$-7,437,537
Net incomeunverified$-425,692$4,089,910$-826,070$1,842,607$6,042,361$-2,750,616
Cost of uncompensated careunverified$776,254$811,854$1,320,803$671,786$907,678$1,414,694
Total facility bad debt expenseunverified$811,316$1,051,400$1,014,600$703,147$840,789$1,118,761
Charity care charges and uninsured discountsunverified$444,044$401,473$1,012,210$436,580$570,105$1,109,518
Cost of charity careunverified$280,775$227,675$759,959$369,945$492,138$863,210
Operating marginunverified-23.0%-9.5%-11.1%-4.2%-8.4%-11.7%
Overall cost-to-charge ratiounverified68.6%60.2%59.1%54.4%56.5%56.0%
Occupancy rateunverified34.6%34.6%32.0%32.5%26.4%22.9%
Average length of stayunverified4.84.65.14.84.04.6
Uncompensated care as % of operating expenseunverified1.8%1.7%2.7%1.2%1.4%2.0%
Charity care cost-to-charge ratiounverified63.2%56.7%75.1%84.7%86.3%77.8%
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