SOUTHERN OCEAN MEDICAL CENTER — financial and operating metrics

CCN 310113, MANAHAWKIN, 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 availableunverified156147147156156156
Total bed days availableunverified57,09653,65553,65556,94057,09656,940
Total facility dischargesunverified6,8157,6048,1798,7779,0008,480
Total facility inpatient daysunverified30,25634,68436,30736,16035,52437,542
Total patient revenue (gross charges)unverified$919,534,096$1,068,228,077$1,067,328,251$1,176,366,639$1,322,345,463$1,461,514,436
Contractual allowances and discountsunverified$727,104,707$838,391,885$834,292,494$925,736,972$1,046,099,929$1,153,495,464
Net patient revenueunverified$192,429,389$229,836,192$233,035,757$250,629,667$276,245,534$308,018,972
Total operating expensesunverified$197,858,325$210,843,632$208,469,865$226,953,314$239,168,002$278,273,490
Net income from service to patientsunverified$-5,428,936$18,992,560$24,565,892$23,676,353$37,077,532$29,745,482
Net incomeunverified$13,441,615$-35,166,077$15,717,219$15,020,908$40,746,285$33,972,688
Cost of uncompensated careunverified$4,925,245$6,214,288$4,839,333$4,654,166$6,002,986$6,489,191
Total facility bad debt expenseunverified$11,601,428$17,053,897$8,323,326$11,612,524$11,082,848$8,757,611
Charity care charges and uninsured discountsunverified$11,831,822$15,031,375$15,125,393$13,476,700$23,544,573$27,182,616
Cost of charity careunverified$2,455,280$2,904,790$3,105,668$2,505,117$4,081,423$4,867,111
Charges for insured patients' liabilityunverified$60,171$257,902
Operating marginunverified-2.8%8.3%10.5%9.4%13.4%9.7%
Overall cost-to-charge ratiounverified21.5%19.7%19.5%19.3%18.1%19.0%
Occupancy rateunverified53.0%64.6%67.7%63.5%62.2%65.9%
Average length of stayunverified4.44.64.44.13.94.4
Uncompensated care as % of operating expenseunverified2.5%2.9%2.3%2.1%2.5%2.3%
Charity care cost-to-charge ratiounverified20.8%19.3%20.5%18.6%17.3%17.9%
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