ASPIRUS ONTONAGON HOSPITAL — financial and operating metrics

CCN 231309, ONTONAGON, MI · Medicare cost reports, FY2019–FY2024

Short reporting period. FY2024 (293 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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MetricFY2019FY2020FY2021FY2022FY2023FY2024
293d
Total facility beds availableunverified251818181818
Total bed days availableunverified9,1256,5886,5706,5706,5705,310
Total facility dischargesunverified156143111817467
Total facility inpatient daysunverified503591512931679574
Total patient revenue (gross charges)unverified$24,524,907$23,497,762$25,015,428$23,478,619$22,144,603$17,805,510
Contractual allowances and discountsunverified$11,109,051$10,179,344$12,064,710$11,658,876$12,274,166$10,032,372
Net patient revenueunverified$13,415,856$13,318,418$12,950,718$11,819,743$9,870,437$7,773,138
Total operating expensesunverified$15,330,982$14,286,657$14,674,227$14,012,748$12,890,885$11,341,764
Net income from service to patientsunverified$-1,915,126$-968,239$-1,723,509$-2,193,005$-3,020,448$-3,568,626
Net incomeunverified$-708,126$251,356$-83,974$-1,904,952$-1,572,083$-3,165,679
Cost of uncompensated careunverified$201,106$282,160$289,459$141,178$116,637$64,053
Total facility bad debt expenseunverified$220,164$324,248$382,684$269,292$233,616$140,770
Charity care charges and uninsured discountsunverified$191,368$216,610$207,000
Cost of charity careunverified$112,911$129,257$122,623
Operating marginunverified-14.3%-7.3%-13.3%-18.6%-30.6%-45.9%
Overall cost-to-charge ratiounverified62.5%60.8%58.7%59.7%58.2%63.7%
Occupancy rateunverified5.5%9.0%7.8%14.2%10.3%10.8%
Average length of stayunverified3.24.14.611.59.28.6
Uncompensated care as % of operating expenseunverified1.3%2.0%2.0%1.0%0.9%0.6%
Charity care cost-to-charge ratiounverified59.0%59.7%59.2%
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