CAREWELL HEALTH MEDICAL CENTER — financial and operating metrics

CCN 310083, EAST ORANGE, 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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MetricFY2020FY2021FY2022FY2023FY2024FY2025
Total facility beds availableunverified159164157159157157
Total bed days availableunverified58,19459,86057,24657,97657,46257,305
Total facility dischargesunverified4,1914,1783,4924,0133,2734,302
Total facility inpatient daysunverified21,79619,87918,08617,07214,75722,624
Total patient revenue (gross charges)unverified$447,392,786$429,945,322$426,707,082$366,946,291$409,348,459$650,726,857
Contractual allowances and discountsunverified$370,038,848$345,894,045$350,440,235$292,534,959$319,057,108$518,072,156
Net patient revenueunverified$77,353,938$84,051,277$76,266,847$74,411,332$90,291,351$132,654,701
Total operating expensesunverified$114,733,528$103,972,573$117,021,068$106,469,607$116,457,709$155,057,204
Net income from service to patientsunverified$-37,379,590$-19,921,296$-40,754,221$-32,058,275$-26,166,358$-22,402,503
Net incomeunverified$-4,145,129$-6,173,315$-14,018,357$-8,964,063$-15,179,970$9,870,169
Cost of uncompensated careunverified$272,628$4,209,725$5,252,588$1,334,077$3,647,069
Total facility bad debt expenseunverified$911,877$1,177,302$846,652$647,526
Charity care charges and uninsured discountsunverified$17,614,958$21,110,603$5,587,872$16,457,635
Cost of charity careunverified$3,948,048$5,007,600$1,334,077$3,496,731
Operating marginunverified-48.3%-23.7%-53.4%-43.1%-29.0%-16.9%
Overall cost-to-charge ratiounverified25.6%24.2%27.4%29.0%28.4%23.8%
Occupancy rateunverified37.5%33.2%31.6%29.4%25.7%39.5%
Average length of stayunverified5.24.85.24.34.55.3
Uncompensated care as % of operating expenseunverified0.2%4.0%4.5%1.3%3.1%
Charity care cost-to-charge ratiounverified22.4%23.7%23.9%21.2%
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