IREDELL MEMORIAL HOSPITAL INC — financial and operating metrics

CCN 340039, STATESVILLE, 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 availableunverified155155155155155155
Total bed days availableunverified56,73056,57556,57556,57556,73056,575
Total facility dischargesunverified7,1147,5177,3276,7596,6086,348
Total facility inpatient daysunverified32,36637,67136,80932,67632,60631,638
Total patient revenue (gross charges)unverified$660,384,565$842,660,285$879,675,565$957,411,862$1,078,777,247$1,164,428,047
Contractual allowances and discountsunverified$478,834,656$634,865,444$651,716,364$713,000,358$816,820,650$864,509,444
Net patient revenueunverified$181,549,909$207,794,841$227,959,201$244,411,504$261,956,597$299,918,603
Total operating expensesunverified$178,540,600$200,995,392$219,486,897$235,453,902$253,828,836$274,279,748
Net income from service to patientsunverified$3,009,309$6,799,449$8,472,304$8,957,602$8,127,761$25,638,855
Net incomeunverified$13,030,298$25,283,423$6,733,725$26,430,558$31,395,939$45,950,377
Cost of uncompensated careunverified$6,809,310$5,255,040$5,092,461$5,571,854$4,911,017$4,849,704
Total facility bad debt expenseunverified$23,676,511$18,484,450$18,704,609$22,534,466$22,769,832$17,593,285
Charity care charges and uninsured discountsunverified$6,937,977$6,811,226$3,768,789$4,646,453$2,511,503$5,262,595
Cost of charity careunverified$1,505,437$1,521,208$1,402,103$1,138,230$798,146$1,812,867
Operating marginunverified1.7%3.3%3.7%3.7%3.1%8.5%
Overall cost-to-charge ratiounverified27.0%23.9%25.0%24.6%23.5%23.6%
Occupancy rateunverified57.1%66.6%65.1%57.8%57.5%55.9%
Average length of stayunverified4.55.05.04.84.95.0
Uncompensated care as % of operating expenseunverified3.8%2.6%2.3%2.4%1.9%1.8%
Charity care cost-to-charge ratiounverified21.7%22.3%37.2%24.5%31.8%34.4%
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