WATAUGA MEDICAL CENTER — financial and operating metrics

CCN 340051, BOONE, NC · Medicare cost reports, FY2020–FY2025

Short reporting period. FY2023 (272 days) covers less than a full year, usually because the hospital changed its fiscal year end, opened, closed or changed hands. Its totals are not comparable with the full years beside them, and no figure here has been scaled up to disguise that.

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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MetricFY2020FY2021FY2022FY2023
272d
FY2024FY2025
Total facility beds availableunverified959595121121121
Total bed days availableunverified34,77034,31034,67528,61344,28644,165
Total facility dischargesunverified3,8383,9643,7842,9734,4524,365
Total facility inpatient daysunverified13,42716,64418,79612,97617,65516,892
Total patient revenue (gross charges)unverified$431,089,072$521,776,741$556,281,257$404,982,068$602,924,535$621,843,264
Contractual allowances and discountsunverified$280,279,792$341,251,866$368,991,424$273,310,390$397,390,478$410,758,526
Net patient revenueunverified$150,809,280$180,524,875$187,289,833$131,671,678$205,534,057$211,084,738
Total operating expensesunverified$139,132,291$164,126,776$182,818,047$144,274,142$207,390,442$200,775,733
Net income from service to patientsunverified$11,676,989$16,398,099$4,471,786$-12,602,464$-1,856,385$10,309,005
Net incomeunverified$10,557,067$29,983,934$-915,860$-9,653,967$9,065,828$20,007,987
Cost of uncompensated careunverified$7,725,674$8,317,141$5,082,719$3,961,572$3,548,534$8,368,060
Total facility bad debt expenseunverified$18,951,379$14,988,232$14,159,567$11,504,951$6,016,423$14,030,662
Charity care charges and uninsured discountsunverified$2,897,486$13,042,814$3,618,477$2,225,902$5,876,443$12,993,421
Cost of charity careunverified$2,237,032$4,027,611$1,025,151$639,393$1,750,030$4,458,217
Operating marginunverified7.7%9.1%2.4%-9.6%-0.9%4.9%
Overall cost-to-charge ratiounverified32.3%31.5%32.9%35.6%34.4%32.3%
Occupancy rateunverified38.6%48.5%54.2%45.4%39.9%38.2%
Average length of stayunverified3.54.25.04.44.03.9
Uncompensated care as % of operating expenseunverified5.6%5.1%2.8%2.7%1.7%4.2%
Charity care cost-to-charge ratiounverified77.2%30.9%28.3%28.7%29.8%34.3%
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