GLS - MUSKEGON — financial and operating metrics

CCN 232021, MUSKEGON, MI · Medicare cost reports, FY2018–FY2020

Short reporting period. FY2020 (106 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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MetricFY2018FY2019FY2020
106d
Total facility beds availableunverified313131
Total bed days availableunverified11,31511,3153,286
Total facility dischargesunverified26729683
Total facility inpatient daysunverified7,1117,0831,873
Total patient revenue (gross charges)unverified$29,876,957$30,978,724$11,393,628
Contractual allowances and discountsunverified$17,886,832$19,430,604$7,859,551
Net patient revenueunverified$11,990,125$11,548,120$3,534,077
Total operating expensesunverified$10,869,836$11,207,124$4,089,951
Net income from service to patientsunverified$1,120,289$340,996$-555,874
Net incomeunverified$1,813,364$-80,326$-678,963
Operating marginunverified9.3%3.0%-15.7%
Overall cost-to-charge ratiounverified36.4%36.2%35.9%
Occupancy rateunverified62.8%62.6%57.0%
Average length of stayunverified26.623.922.6
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