MEEKER MEMORIAL HOSPITAL — financial and operating metrics

CCN 241366, LITCHFIELD, 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 availableunverified9,1509,1259,1259,1259,1259,125
Total facility dischargesunverified563740673611527527
Total facility inpatient daysunverified2,5023,2402,4972,5762,1121,782
Total patient revenue (gross charges)unverified$67,688,172$77,529,361$78,166,759$80,714,726$82,283,411$88,026,051
Contractual allowances and discountsunverified$27,061,725$32,559,901$30,204,059$31,921,565$30,274,038$32,233,789
Net patient revenueunverified$40,626,447$44,969,460$47,962,700$48,793,161$52,009,373$55,792,262
Total operating expensesunverified$42,444,129$40,710,615$48,262,130$50,771,903$52,431,771$58,823,016
Net income from service to patientsunverified$-1,817,682$4,258,845$-299,430$-1,978,742$-422,398$-3,030,754
Net incomeunverified$4,858,874$9,533,980$1,723,414$3,651,795$5,687,091$4,202,027
Cost of uncompensated careunverified$968,506$1,182,979$1,779,295$427,309$806,150$1,214,208
Total facility bad debt expenseunverified$1,222,926$1,600,592$2,398,071$552,958$1,051,771$1,552,673
Charity care charges and uninsured discountsunverified$382,633$399,709$423,496$93,293$181,242$234,221
Cost of charity careunverified$252,006$341,760$360,408$92,881$167,586$234,221
Operating marginunverified-4.5%9.5%-0.6%-4.1%-0.8%-5.4%
Overall cost-to-charge ratiounverified62.7%52.5%61.7%62.9%63.7%66.8%
Occupancy rateunverified27.3%35.5%27.4%28.2%23.1%19.5%
Average length of stayunverified4.44.43.74.24.03.4
Uncompensated care as % of operating expenseunverified2.3%2.9%3.7%0.8%1.5%2.1%
Charity care cost-to-charge ratiounverified65.9%85.5%85.1%99.6%92.5%100.0%
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