CCN 231319, LAURIUM, 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 | 9,125 | 9,125 | 9,125 | 9,150 | 9,125 |
| Total facility dischargesunverified | 921 | 787 | 878 | 956 | 981 | 707 |
| Total facility inpatient daysunverified | 3,597 | 3,270 | 4,155 | 3,730 | 3,688 | 3,428 |
| Total patient revenue (gross charges)unverified | $121,634,915 | $129,885,886 | $138,248,693 | $144,714,306 | $156,336,615 | $161,952,360 |
| Contractual allowances and discountsunverified | $71,461,464 | $76,018,634 | $80,136,986 | $85,623,756 | $96,508,289 | $109,868,587 |
| Net patient revenueunverified | $50,173,451 | $53,867,252 | $58,111,707 | $59,090,550 | $59,828,326 | $52,083,773 |
| Total operating expensesunverified | $55,831,178 | $59,295,100 | $63,854,537 | $66,683,959 | $74,717,117 | $83,203,325 |
| Net income from service to patientsunverified | $-5,657,727 | $-5,427,848 | $-5,742,830 | $-7,593,409 | $-14,888,791 | $-31,119,552 |
| Net incomeunverified | $2,173,185 | $4,114,066 | $903,384 | $3,346,222 | $-1,609,849 | $-17,595,972 |
| Cost of uncompensated careunverified | $1,271,709 | $676,616 | $593,209 | $764,665 | $1,065,927 | $928,619 |
| Total facility bad debt expenseunverified | $1,584,707 | $613,855 | $428,297 | $1,088,334 | $1,670,957 | $1,034,514 |
| Charity care charges and uninsured discountsunverified | $1,415,403 | $958,725 | $976,356 | $763,307 | $977,250 | $1,113,902 |
| Cost of charity careunverified | $624,323 | $429,811 | $437,687 | $332,019 | $401,041 | $534,444 |
| Charges for insured patients' liabilityunverified | — | — | — | — | — | $91,842 |
| Operating marginunverified | -11.3% | -10.1% | -9.9% | -12.9% | -24.9% | -59.7% |
| Overall cost-to-charge ratiounverified | 45.9% | 45.7% | 46.2% | 46.1% | 47.8% | 51.4% |
| Occupancy rateunverified | 39.3% | 35.8% | 45.5% | 40.9% | 40.3% | 37.6% |
| Average length of stayunverified | 3.9 | 4.2 | 4.7 | 3.9 | 3.8 | 4.8 |
| Uncompensated care as % of operating expenseunverified | 2.3% | 1.1% | 0.9% | 1.1% | 1.4% | 1.1% |
| Charity care cost-to-charge ratiounverified | 44.1% | 44.8% | 44.8% | 43.5% | 41.0% | 48.0% |