HACKENSACK MERIDIAN HEALTH PASCACK VALLEY MEDICAL — financial and operating metrics

CCN 310130, WESTWOOD, 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 availableunverified787878787878
Total bed days availableunverified28,54828,47028,47028,47028,54828,470
Total facility dischargesunverified5,8674,3864,1114,0413,9253,698
Total facility inpatient daysunverified18,25416,90215,69415,82515,62214,373
Total patient revenue (gross charges)unverified$502,974,584$529,627,289$530,066,505$562,961,287$554,054,704$549,425,951
Contractual allowances and discountsunverified$367,668,851$396,712,589$390,884,655$414,189,524$397,692,612$398,105,517
Net patient revenueunverified$135,305,733$132,914,700$139,181,850$148,771,763$156,362,092$151,320,434
Total operating expensesunverified$120,769,696$121,053,545$117,752,174$126,516,904$127,707,261$133,516,005
Net income from service to patientsunverified$14,536,037$11,861,155$21,429,676$22,254,859$28,654,831$17,804,429
Net incomeunverified$16,053,668$24,094,068$23,386,662$24,020,637$23,904,367$23,711,076
Cost of uncompensated careunverified$2,968,592$2,239,847$2,598,537$2,192,549$2,738,384$3,863,544
Total facility bad debt expenseunverified$3,291,268$3,745,153$2,925,695$3,989,925$2,425,053$8,095,725
Charity care charges and uninsured discountsunverified$9,310,951$6,469,634$8,349,341$6,641,509$10,707,955$9,128,082
Cost of charity careunverified$2,169,059$1,399,842$1,915,165$1,354,916$2,227,284$2,089,481
Charges for insured patients' liabilityunverified$12,434$28,893
Operating marginunverified10.7%8.9%15.4%15.0%18.3%11.8%
Overall cost-to-charge ratiounverified24.0%22.9%22.2%22.5%23.0%24.3%
Occupancy rateunverified63.9%59.4%55.1%55.6%54.7%50.5%
Average length of stayunverified3.13.93.83.94.03.9
Uncompensated care as % of operating expenseunverified2.5%1.9%2.2%1.7%2.1%2.9%
Charity care cost-to-charge ratiounverified23.3%21.6%22.9%20.4%20.8%22.9%
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