CCN 231318, IRON RIVER, 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 | 25 | 25 | 25 | 25 | 25 | 25 |
| Total bed days availableunverified | 9,150 | 9,128 | 9,125 | 9,125 | 9,150 | 9,125 |
| Total facility dischargesunverified | 582 | 428 | 475 | 429 | 364 | 359 |
| Total facility inpatient daysunverified | 1,947 | 1,477 | 1,981 | 1,896 | 1,552 | 1,852 |
| Total patient revenue (gross charges)unverified | $79,441,635 | $78,822,447 | $89,449,082 | $97,514,154 | $109,102,514 | $113,061,092 |
| Contractual allowances and discountsunverified | $47,330,470 | $47,325,283 | $54,864,015 | $63,054,194 | $72,271,443 | $72,761,042 |
| Net patient revenueunverified | $32,111,165 | $31,497,164 | $34,585,067 | $34,459,960 | $36,831,071 | $40,300,050 |
| Total operating expensesunverified | $37,399,623 | $34,732,912 | $37,174,442 | $38,684,418 | $39,181,852 | $40,010,854 |
| Net income from service to patientsunverified | $-5,288,458 | $-3,235,748 | $-2,589,375 | $-4,224,458 | $-2,350,781 | $289,196 |
| Net incomeunverified | $-388,038 | $1,339,408 | $68,284 | $-1,866,791 | $-582,823 | $492,492 |
| Cost of uncompensated careunverified | $1,074,157 | $641,582 | $643,173 | $735,179 | $872,338 | $852,562 |
| Total facility bad debt expenseunverified | $1,285,139 | $839,380 | $830,004 | $1,312,865 | $1,502,104 | $1,034,514 |
| Charity care charges and uninsured discountsunverified | $1,176,602 | $704,405 | $702,248 | $540,338 | $876,550 | $1,113,902 |
| Cost of charity careunverified | $550,146 | $313,595 | $302,513 | $223,604 | $330,591 | $488,382 |
| Charges for insured patients' liabilityunverified | — | — | — | — | — | $91,842 |
| Operating marginunverified | -16.5% | -10.3% | -7.5% | -12.3% | -6.4% | 0.7% |
| Overall cost-to-charge ratiounverified | 47.1% | 44.1% | 41.6% | 39.7% | 35.9% | 35.4% |
| Occupancy rateunverified | 21.3% | 16.2% | 21.7% | 20.8% | 17.0% | 20.3% |
| Average length of stayunverified | 3.3 | 3.5 | 4.2 | 4.4 | 4.3 | 5.2 |
| Uncompensated care as % of operating expenseunverified | 2.9% | 1.8% | 1.7% | 1.9% | 2.2% | 2.1% |
| Charity care cost-to-charge ratiounverified | 46.8% | 44.5% | 43.1% | 41.4% | 37.7% | 43.8% |