CCN 240040, HIBBING, MN · 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 | 72 | 72 | 72 | 72 | 73 | 73 |
| Total bed days availableunverified | 26,352 | 26,352 | 26,280 | 26,280 | 26,718 | 26,645 |
| Total facility dischargesunverified | 2,164 | 2,240 | 2,096 | 2,093 | 2,126 | 2,117 |
| Total facility inpatient daysunverified | 12,844 | 13,663 | 13,561 | 13,154 | 12,530 | 12,446 |
| Total patient revenue (gross charges)unverified | $281,467,680 | $333,848,399 | $343,678,822 | $381,680,732 | $405,285,892 | $459,291,147 |
| Contractual allowances and discountsunverified | $175,599,157 | $212,348,330 | $222,716,594 | $252,515,112 | $274,041,891 | $311,352,471 |
| Net patient revenueunverified | $105,868,523 | $121,500,069 | $120,962,228 | $129,165,620 | $131,244,001 | $147,938,676 |
| Total operating expensesunverified | $119,832,926 | $128,911,497 | $133,439,384 | $135,155,090 | $151,435,697 | $158,918,621 |
| Net income from service to patientsunverified | $-13,964,403 | $-7,411,428 | $-12,477,156 | $-5,989,470 | $-20,191,696 | $-10,979,945 |
| Net incomeunverified | $12,912,613 | $3,246,337 | $-8,814,455 | $-2,196,152 | $-16,447,729 | $-6,886,340 |
| Cost of uncompensated careunverified | $1,631,693 | $1,282,603 | $1,209,810 | $1,643,764 | $2,121,770 | $2,811,894 |
| Total facility bad debt expenseunverified | $1,758,423 | $1,180,201 | $1,860,482 | $1,399,169 | $1,158,952 | $1,759,601 |
| Charity care charges and uninsured discountsunverified | $2,340,845 | $2,175,128 | $1,301,558 | $3,109,339 | $4,344,891 | $5,117,108 |
| Cost of charity careunverified | $1,005,767 | $882,998 | $537,089 | $1,208,543 | $1,735,664 | $2,265,669 |
| Charges for insured patients' liabilityunverified | — | — | — | — | $5,970 | — |
| Operating marginunverified | -13.2% | -6.1% | -10.3% | -4.6% | -15.4% | -7.4% |
| Overall cost-to-charge ratiounverified | 42.6% | 38.6% | 38.8% | 35.4% | 37.4% | 34.6% |
| Occupancy rateunverified | 48.7% | 51.8% | 51.6% | 50.1% | 46.9% | 46.7% |
| Average length of stayunverified | 5.9 | 6.1 | 6.5 | 6.3 | 5.9 | 5.9 |
| Uncompensated care as % of operating expenseunverified | 1.4% | 1.0% | 0.9% | 1.2% | 1.4% | 1.8% |
| Charity care cost-to-charge ratiounverified | 43.0% | 40.6% | 41.3% | 38.9% | 39.9% | 44.3% |