MINERS' COLFAX MEDICAL CENTER — financial and operating metrics

CCN 321307, RATON, NM · 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 availableunverified252525252525
Total bed days availableunverified9,1509,1259,1259,1259,1509,125
Total facility dischargesunverified464405491397341217
Total facility inpatient daysunverified1,6341,9032,3851,7981,488973
Total patient revenue (gross charges)unverified$38,668,525$42,555,043$51,430,676$55,874,251$57,517,551$52,262,396
Contractual allowances and discountsunverified$17,708,016$18,104,362$23,848,742$31,282,314$32,259,655$30,202,837
Net patient revenueunverified$20,960,509$24,450,681$27,581,934$24,591,937$25,257,896$22,059,559
Total operating expensesunverified$34,349,183$34,744,465$39,258,084$42,829,584$40,433,499$42,715,510
Net income from service to patientsunverified$-13,388,674$-10,293,784$-11,676,150$-18,237,647$-15,175,603$-20,655,951
Net incomeunverified$937,468$6,536,820$-404,608$-6,025,627$19,800,652$2,595,701
Cost of uncompensated careunverified$1,252,051$1,145,833$952,829$882,748$28,684$72,979
Total facility bad debt expenseunverified$1,562,026$1,559,996$1,395,176$1,159,513$41,281$87,660
Charity care charges and uninsured discountsunverified$2,461
Cost of charity careunverified$2,019
Operating marginunverified-63.9%-42.1%-42.3%-74.2%-60.1%-93.6%
Overall cost-to-charge ratiounverified88.8%81.6%76.3%76.7%70.3%81.7%
Occupancy rateunverified17.9%20.9%26.1%19.7%16.3%10.7%
Average length of stayunverified3.54.74.94.54.44.5
Uncompensated care as % of operating expenseunverified3.6%3.3%2.4%2.1%0.1%0.2%
Charity care cost-to-charge ratiounverified82.0%
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