HERRICK MEDICAL CENTER — financial and operating metrics

CCN 231334, TECUMSEH, MI · Medicare cost reports, FY2017–FY2020

Short reporting period. FY2020 (267 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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MetricFY2017FY2018FY2019FY2020
267d
Total facility beds availableunverified25252525
Total bed days availableunverified9,1259,1259,1256,700
Total facility dischargesunverified75857319
Total facility inpatient daysunverified16418715253.0
Total patient revenue (gross charges)unverified$82,778,355$85,088,736$82,822,620$47,689,294
Contractual allowances and discountsunverified$57,395,068$59,399,594$58,487,143$31,690,307
Net patient revenueunverified$25,383,287$25,689,142$24,335,477$15,998,987
Total operating expensesunverified$28,032,914$24,048,458$24,245,845$17,810,210
Net income from service to patientsunverified$-2,649,627$1,640,684$89,632$-1,811,223
Net incomeunverified$-2,031,040$-505,405$-5,703,065$-46,171,822
Cost of uncompensated careunverified$856,972$982,877$1,139,060$896,581
Total facility bad debt expenseunverified$2,266,617$3,211,125$3,226,550$1,990,519
Charity care charges and uninsured discountsunverified$955,945$680,179$933,710$705,578
Cost of charity careunverified$267,976$160,588$243,816$226,172
Operating marginunverified-10.4%6.4%0.4%-11.3%
Overall cost-to-charge ratiounverified33.9%28.3%29.3%37.3%
Occupancy rateunverified1.8%2.0%1.7%0.8%
Average length of stayunverified2.22.22.1
Uncompensated care as % of operating expenseunverified3.1%4.1%4.7%5.0%
Charity care cost-to-charge ratiounverified28.0%23.6%26.1%32.1%
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