CCN 310015, MORRISTOWN, NJ · 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 | 732 | 715 | 705 | 712 | 713 | 732 |
| Total bed days availableunverified | 267,948 | 261,441 | 257,402 | 259,880 | 261,057 | 267,208 |
| Total facility dischargesunverified | 38,588 | 41,675 | 42,074 | 41,777 | 43,101 | 46,913 |
| Total facility inpatient daysunverified | 175,755 | 205,621 | 212,283 | 223,378 | 232,655 | 244,078 |
| Total patient revenue (gross charges)unverified | $5,891,346,797 | — | $7,837,954,140 | $8,683,597,494 | $9,934,185,828 | $11,189,634,932 |
| Contractual allowances and discountsunverified | $4,582,534,104 | — | $6,138,805,360 | $6,840,378,437 | $7,904,898,300 | $8,972,517,080 |
| Net patient revenueunverified | $1,308,812,693 | — | $1,699,148,780 | $1,843,219,057 | $2,029,287,528 | $2,217,117,852 |
| Total operating expensesunverified | $1,566,170,614 | $1,381,655,747 | $1,524,617,127 | $1,654,966,293 | $1,822,857,982 | $1,994,457,815 |
| Net income from service to patientsunverified | $-257,357,921 | $-1,381,655,747 | $174,531,653 | $188,252,764 | $206,429,546 | $222,660,037 |
| Net incomeunverified | $-315,422,941 | $-1,381,655,747 | $-183,707,544 | $596,275,342 | $486,091,356 | $627,674,025 |
| Cost of uncompensated careunverified | $11,139,511 | $20,573,690 | $20,761,897 | $26,740,412 | $38,644,860 | $31,276,149 |
| Total facility bad debt expenseunverified | $23,332,788 | $15,839,551 | $20,581,688 | $25,697,583 | $58,765,662 | $32,238,683 |
| Charity care charges and uninsured discountsunverified | $74,692,683 | $79,039,906 | $83,626,029 | $114,168,604 | $148,536,913 | $144,184,279 |
| Cost of charity careunverified | $6,750,661 | $17,190,709 | $16,539,547 | $21,688,391 | $27,011,504 | $25,267,498 |
| Charges for insured patients' liabilityunverified | — | — | — | $79,993 | — | $1,895,965 |
| Operating marginunverified | -19.7% | — | 10.3% | 10.2% | 10.2% | 10.0% |
| Overall cost-to-charge ratiounverified | 26.6% | — | 19.5% | 19.1% | 18.3% | 17.8% |
| Occupancy rateunverified | 65.6% | 78.6% | 82.5% | 86.0% | 89.1% | 91.3% |
| Average length of stayunverified | 4.6 | 4.9 | 5.0 | 5.3 | 5.4 | 5.2 |
| Uncompensated care as % of operating expenseunverified | 0.7% | 1.5% | 1.4% | 1.6% | 2.1% | 1.6% |
| Charity care cost-to-charge ratiounverified | 9.0% | 21.7% | 19.8% | 19.0% | 18.2% | 17.5% |