LAKEWOOD HEALTH SYSTEM — financial and operating metrics

CCN 241329, STAPLES, 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 availableunverified252525252525
Total bed days availableunverified9,1509,1259,1259,1259,1509,125
Total facility dischargesunverified1,1541,1381,0991,0361,1241,204
Total facility inpatient daysunverified4,7064,9124,9014,6384,8045,093
Total patient revenue (gross charges)unverified$163,499,994$188,176,514$196,952,285$196,952,285$248,468,568$265,097,197
Contractual allowances and discountsunverified$61,318,551$70,489,361$72,288,607$72,288,607$100,801,176$111,172,917
Net patient revenueunverified$102,181,443$117,687,153$124,663,678$124,663,678$147,667,392$153,924,280
Total operating expensesunverified$104,360,670$118,618,153$124,355,436$142,600,698$158,712,793$170,270,412
Net income from service to patientsunverified$-2,179,227$-931,000$308,242$-17,937,020$-11,045,401$-16,346,132
Net incomeunverified$9,303,382$8,417,415$6,615,233$-11,630,029$4,034,845$3,598,088
Cost of uncompensated careunverified$1,429,424$1,339,950$752,058$688,818$3,142,848$7,285,603
Total facility bad debt expenseunverified$1,560,008$1,564,708$631,335$764,529$30,451$4,400,087
Charity care charges and uninsured discountsunverified$1,087,733$988,116$813,544$845,013$6,424,983$9,189,041
Cost of charity careunverified$494,764$412,107$377,544$257,557$3,132,190$4,797,181
Operating marginunverified-2.1%-0.8%0.2%-14.4%-7.5%-10.6%
Overall cost-to-charge ratiounverified63.8%63.0%63.1%72.4%63.9%64.2%
Occupancy rateunverified51.4%53.8%53.7%50.8%52.5%55.8%
Average length of stayunverified4.14.34.54.54.34.2
Uncompensated care as % of operating expenseunverified1.4%1.1%0.6%0.5%2.0%4.3%
Charity care cost-to-charge ratiounverified45.5%41.7%46.4%30.5%48.8%52.2%
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