WILKES REGIONAL MEDICAL CENTER — financial and operating metrics

CCN 340064, NORTH WILKESBORO, NC · Medicare cost reports, FY2020–FY2025

Short reporting period. FY2021 (183 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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MetricFY2020FY2021
183d
FY2022FY2023FY2024FY2025
Total facility beds availableunverified777777777777
Total bed days availableunverified28,18214,16828,10528,10528,18228,105
Total facility dischargesunverified3,1681,6473,0483,9404,6234,639
Total facility inpatient daysunverified10,3466,70114,72516,99916,83515,743
Total patient revenue (gross charges)unverified$272,297,528$178,818,940$425,745,934$488,588,347$534,550,933$579,842,920
Contractual allowances and discountsunverified$203,269,902$132,165,957$305,173,278$345,845,369$380,496,101$450,200,688
Net patient revenueunverified$69,027,626$46,652,983$120,572,656$142,742,978$154,054,832$129,642,232
Total operating expensesunverified$79,758,438$47,260,040$119,741,007$137,455,592$140,266,761$137,280,969
Net income from service to patientsunverified$-10,730,812$-607,057$831,649$5,287,386$13,788,071$-7,638,737
Net incomeunverified$2,000,842$5,602,006$2,166,807$8,165,177$17,930,938$30,763,842
Cost of uncompensated careunverified$6,348,820$3,147,044$5,839,294$5,242,637$4,606,241$5,658,079
Total facility bad debt expenseunverified$8,908,616$7,010,911$13,690,943$12,744,479$11,751,343$7,536,817
Charity care charges and uninsured discountsunverified$13,922,654$6,109,914$12,995,562$11,060,868$9,899,032$16,579,396
Cost of charity careunverified$3,984,927$1,454,569$2,827,392$2,417,441$2,098,842$4,053,674
Operating marginunverified-15.5%-1.3%0.7%3.7%9.0%-5.9%
Overall cost-to-charge ratiounverified29.3%26.4%28.1%28.1%26.2%23.7%
Occupancy rateunverified36.7%47.3%52.4%60.5%59.7%56.0%
Average length of stayunverified3.34.14.84.33.63.4
Uncompensated care as % of operating expenseunverified8.0%6.7%4.9%3.8%3.3%4.1%
Charity care cost-to-charge ratiounverified28.6%23.8%21.8%21.9%21.2%24.5%
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