GRAND ITASCA CLINIC AND HOSPITAL — financial and operating metrics

CCN 240064, GRAND RAPIDS, 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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MetricFY2020FY2021FY2022FY2023FY2024FY2025
Total facility beds availableunverified363634343434
Total bed days availableunverified13,14013,14012,41012,41012,44412,410
Total facility dischargesunverified1,8241,7481,7411,7121,8201,789
Total facility inpatient daysunverified5,7006,5166,7055,9815,8065,684
Total patient revenue (gross charges)unverified$262,964,305$316,753,259$332,877,621$349,371,969$383,873,403$442,108,203
Contractual allowances and discountsunverified$166,011,939$202,710,632$215,177,560$226,663,600$249,918,368$295,007,593
Net patient revenueunverified$96,952,366$114,042,627$117,700,061$122,708,369$133,955,035$147,100,610
Total operating expensesunverified$98,956,855$110,564,972$111,413,354$120,349,304$132,582,784$154,400,702
Net income from service to patientsunverified$-2,004,489$3,477,655$6,286,707$2,359,065$1,372,251$-7,300,092
Net incomeunverified$6,979,804$15,239,550$8,921,968$4,290,850$4,676,251$-921,422
Cost of uncompensated careunverified$1,619,346$1,494,410$1,493,021$1,392,040$2,202,076$3,338,443
Total facility bad debt expenseunverified$1,936,960$1,510,406$1,901,329$1,021,821$1,943,896$2,103,446
Charity care charges and uninsured discountsunverified$2,254,450$2,360,364$2,287,716$2,522,433$3,814,670$5,523,442
Cost of charity careunverified$957,893$990,475$892,303$1,063,116$1,584,997$2,648,767
Charges for insured patients' liabilityunverified$11,553
Operating marginunverified-2.1%3.0%5.3%1.9%1.0%-5.0%
Overall cost-to-charge ratiounverified37.6%34.9%33.5%34.4%34.5%34.9%
Occupancy rateunverified43.4%49.6%54.0%48.2%46.7%45.8%
Average length of stayunverified3.13.73.93.53.23.2
Uncompensated care as % of operating expenseunverified1.6%1.4%1.3%1.2%1.7%2.2%
Charity care cost-to-charge ratiounverified42.5%42.0%39.0%42.1%41.6%48.0%
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