SALEM MEDICAL CENTER — financial and operating metrics

CCN 310091, SALEM, NJ · Medicare cost reports, FY2017–FY2023

Short reporting period. FY2023 (272 days) covers less than a full year, usually because the hospital changed its fiscal year end, opened, closed or changed hands. Its totals are not comparable with the full years beside them, and no figure here has been scaled up to disguise that.

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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MetricFY2017FY2019FY2020FY2021FY2022FY2023
272d
Total facility beds availableunverified126126110126113113
Total bed days availableunverified45,99042,08440,26045,99041,24541,245
Total facility dischargesunverified2,3352,1852,4222,2471,7411,315
Total facility inpatient daysunverified8,0668,0189,85310,3238,1595,685
Total patient revenue (gross charges)unverified$451,741,652$366,393,587$381,781,103$414,563,747$338,548,757$238,206,394
Contractual allowances and discountsunverified$404,245,078$328,639,191$337,043,272$363,716,823$300,505,005$211,997,045
Net patient revenueunverified$47,496,574$37,754,396$44,737,831$50,846,924$38,043,752$26,209,349
Total operating expensesunverified$68,594,467$54,161,033$65,713,199$66,237,781$52,546,223$45,474,796
Net income from service to patientsunverified$-21,097,893$-16,406,637$-20,975,368$-15,390,857$-14,502,471$-19,265,447
Net incomeunverified$-20,891,851$-3,766,185$-1,421,688$-10,667,276$34,284,479$-17,740,945
Cost of uncompensated careunverified$5,413,526$2,524,683$557,115$961,929$815,617$379,846
Total facility bad debt expenseunverified$8,551,958$12,715,063
Charity care charges and uninsured discountsunverified$9,449,725$9,270,847$3,576,581$6,572,509$5,033,371$2,059,927
Cost of charity careunverified$4,285,082$987,245$557,115$961,929$815,617$379,846
Operating marginunverified-44.4%-43.5%-46.9%-30.3%-38.1%-73.5%
Overall cost-to-charge ratiounverified15.2%14.8%17.2%16.0%15.5%19.1%
Occupancy rateunverified17.5%19.1%24.5%22.4%19.8%13.8%
Average length of stayunverified3.53.74.14.64.74.3
Uncompensated care as % of operating expenseunverified7.9%4.7%0.8%1.5%1.6%0.8%
Charity care cost-to-charge ratiounverified45.3%10.6%15.6%14.6%16.2%18.4%
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