FAITH HEALTH — financial and operating metrics

CCN 280125, NORFOLK, NE · 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 availableunverified122122122122122122
Total bed days availableunverified44,65244,53044,53044,53044,65244,530
Total facility dischargesunverified4,5034,7174,7404,7374,9325,139
Total facility inpatient daysunverified19,95421,35619,27521,86023,00223,643
Total patient revenue (gross charges)unverified$430,598,883$506,074,930$516,261,273$527,732,648$558,763,129$611,139,802
Contractual allowances and discountsunverified$249,045,914$308,449,255$318,197,630$330,766,886$345,982,047$350,389,955
Net patient revenueunverified$181,552,969$197,625,675$198,063,643$196,965,762$212,781,082$260,749,847
Total operating expensesunverified$157,222,443$172,041,721$178,111,258$179,603,181$187,040,637$225,841,168
Net income from service to patientsunverified$24,330,526$25,583,954$19,952,385$17,362,581$25,740,445$34,908,679
Net incomeunverified$13,286,516$11,077,505$-4,335,410$6,006,535$12,960,654$80,692,775
Cost of uncompensated careunverified$3,072,642$2,998,846$3,222,137$2,348,637$3,950,006$4,372,223
Total facility bad debt expenseunverified$7,132,976$8,023,500$9,684,320$7,909,828$9,321,567$13,297,913
Charity care charges and uninsured discountsunverified$1,622,733$942,646$588,959$170,260$3,233,623$845,640
Cost of charity careunverified$877,934$651,751$418,526$88,972$1,379,947$483,485
Operating marginunverified13.4%12.9%10.1%8.8%12.1%13.4%
Overall cost-to-charge ratiounverified36.5%34.0%34.5%34.0%33.5%37.0%
Occupancy rateunverified44.7%48.0%43.3%49.1%51.5%53.1%
Average length of stayunverified4.44.54.14.64.74.6
Uncompensated care as % of operating expenseunverified2.0%1.7%1.8%1.3%2.1%1.9%
Charity care cost-to-charge ratiounverified54.1%69.1%71.1%52.3%42.7%57.2%
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