CAROMONT REGIONAL MEDICAL CENTER — financial and operating metrics

CCN 340032, GASTONIA, NC · 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 availableunverified393393396424424468
Total bed days availableunverified143,838143,445144,540154,760155,184170,820
Total facility dischargesunverified22,21122,64122,15422,89524,90625,440
Total facility inpatient daysunverified103,221118,898125,002125,930124,420125,070
Total patient revenue (gross charges)unverified$2,008,284,683$2,225,332,041$2,463,745,605$2,710,040,359$3,161,078,677$3,623,775,303
Contractual allowances and discountsunverified$1,506,827,909$1,662,811,013$1,844,387,796$2,068,246,772$2,433,549,679$2,801,089,880
Net patient revenueunverified$501,456,774$562,521,028$619,357,809$641,793,587$727,528,998$822,685,423
Total operating expensesunverified$462,882,145$499,884,577$574,196,005$597,038,083$646,354,702$749,618,309
Net income from service to patientsunverified$38,574,629$62,636,451$45,161,804$44,755,504$81,174,296$73,067,114
Net incomeunverified$54,818,122$101,249,889$57,469,348$59,129,450$90,103,444$68,998,325
Cost of uncompensated careunverified$39,704,707$41,583,014$43,409,919$44,810,216$30,497,449$23,817,581
Total facility bad debt expenseunverified$73,332,856$61,392,874$63,906,116$66,116,643$59,581,751$49,430,428
Charity care charges and uninsured discountsunverified$110,475,555$139,352,830$134,725,366$140,168,928$94,402,141$68,229,199
Cost of charity careunverified$23,691,802$28,309,614$29,409,702$31,097,252$19,226,726$14,366,884
Operating marginunverified7.7%11.1%7.3%7.0%11.2%8.9%
Overall cost-to-charge ratiounverified23.0%22.5%23.3%22.0%20.4%20.7%
Occupancy rateunverified71.8%82.9%86.5%81.4%80.2%73.2%
Average length of stayunverified4.65.35.65.55.04.9
Uncompensated care as % of operating expenseunverified8.6%8.3%7.6%7.5%4.7%3.2%
Charity care cost-to-charge ratiounverified21.4%20.3%21.8%22.2%20.4%21.1%
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