MACKINAC STRAITS HOSPITAL AND HEALTH CENTER — financial and operating metrics

CCN 231306, SAINT IGNACE, 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 availableunverified151515151515
Total bed days availableunverified5,4905,4755,4755,4755,4905,475
Total facility dischargesunverified238156242230202170
Total facility inpatient daysunverified1,7441,0961,2161,076666460
Total patient revenue (gross charges)unverified$71,427,790$77,508,458$93,646,814$103,534,193$123,408,627$138,456,673
Contractual allowances and discountsunverified$25,760,505$30,274,784$36,579,962$41,287,728$54,819,021$60,452,413
Net patient revenueunverified$45,667,285$47,233,674$57,066,852$62,246,465$68,589,606$78,004,260
Total operating expensesunverified$48,640,931$50,407,887$56,314,462$61,551,813$67,274,920$71,696,224
Net income from service to patientsunverified$-2,973,646$-3,174,213$752,390$694,652$1,314,686$6,308,036
Net incomeunverified$-94,474$5,400,450$8,042,604$4,713,159$7,639,342$12,296,524
Cost of uncompensated careunverified$954,821$1,083,056$1,364,327$1,132,303$1,563,253$2,315,591
Total facility bad debt expenseunverified$1,196,210$1,334,521$1,748,679$1,539,291$2,340,815$3,712,709
Charity care charges and uninsured discountsunverified$394,752$483,471$633,524$466,065$711,007$875,974
Cost of charity careunverified$259,956$306,037$377,884$273,089$382,752$451,791
Operating marginunverified-6.5%-6.7%1.3%1.1%1.9%8.1%
Overall cost-to-charge ratiounverified68.1%65.0%60.1%59.5%54.5%51.8%
Occupancy rateunverified31.8%20.0%22.2%19.7%12.1%8.4%
Average length of stayunverified7.37.05.04.73.32.7
Uncompensated care as % of operating expenseunverified2.0%2.1%2.4%1.8%2.3%3.2%
Charity care cost-to-charge ratiounverified65.9%63.3%59.6%58.6%53.8%51.6%
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