WAKEMED, RALEIGH CAMPUS — financial and operating metrics

CCN 340069, RALEIGH, 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 availableunverified586609609617689721
Total bed days availableunverified207,681222,285222,285216,313237,379253,025
Total facility dischargesunverified32,79931,16736,14236,78540,40638,615
Total facility inpatient daysunverified177,430214,253205,112206,107226,019236,184
Total patient revenue (gross charges)unverified$3,868,199,982$4,513,092,652$4,664,168,739$5,104,779,961$5,421,676,502$5,912,921,096
Contractual allowances and discountsunverified$2,912,881,831$3,415,071,711$3,517,375,390$3,789,376,653$3,978,876,390$4,343,716,600
Net patient revenueunverified$955,318,151$1,098,020,941$1,146,793,349$1,315,403,308$1,442,800,112$1,569,204,496
Total operating expensesunverified$894,379,300$1,015,048,170$1,163,256,376$1,232,809,923$1,385,401,924$1,484,303,306
Net income from service to patientsunverified$60,938,851$82,972,771$-16,463,027$82,593,385$57,398,188$84,901,190
Net incomeunverified$76,753,088$92,095,004$-16,389,694$82,593,385$57,398,188$84,901,190
Cost of uncompensated careunverified$86,309,656$82,739,732$104,269,216$102,593,415$92,142,494$111,687,959
Total facility bad debt expenseunverified$111,012,975$86,231,863$126,835,141$113,382,575$95,469,064$88,699,570
Charity care charges and uninsured discountsunverified$294,937,105$302,769,009$312,768,415$307,684,310$263,539,225$292,877,409
Cost of charity careunverified$62,039,467$63,783,329$74,201,854$76,476,999$69,205,005$91,896,872
Charges for insured patients' liabilityunverified$3,894,734$4,569,592
Operating marginunverified6.4%7.6%-1.4%6.3%4.0%5.4%
Overall cost-to-charge ratiounverified23.1%22.5%24.9%24.2%25.6%25.1%
Occupancy rateunverified85.4%96.4%92.3%95.3%95.2%93.3%
Average length of stayunverified5.46.95.75.65.66.1
Uncompensated care as % of operating expenseunverified9.7%8.2%9.0%8.3%6.7%7.5%
Charity care cost-to-charge ratiounverified21.0%21.1%23.7%24.9%26.3%31.4%
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