MOSES H. CONE MEMORIAL HOSPITAL, THE — financial and operating metrics

CCN 340091, GREENSBORO, NC · Medicare cost reports, FY2020–FY2025

Short reporting period. FY2024 (91 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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MetricFY2020FY2021FY2022FY2023FY2024
91d
FY2025
Total facility beds availableunverified775822779760787806
Total bed days availableunverified283,467300,030284,335277,40072,404294,190
Total facility dischargesunverified41,33142,59340,01840,93910,75543,272
Total facility inpatient daysunverified200,040224,265212,096203,75555,145222,454
Total patient revenue (gross charges)unverified$3,423,173,982$3,714,118,372$4,046,965,748$4,745,759,663$1,513,714,312$6,434,081,604
Contractual allowances and discountsunverified$2,106,035,885$2,493,702,141$2,814,790,282$3,357,622,900$1,080,297,060$4,485,272,161
Net patient revenueunverified$1,317,138,097$1,220,416,231$1,232,175,466$1,388,136,763$433,417,252$1,948,809,443
Total operating expensesunverified$1,046,680,175$1,163,480,413$1,285,095,366$1,370,576,815$421,247,439$1,798,525,311
Net income from service to patientsunverified$270,457,922$56,935,818$-52,919,900$17,559,948$12,169,813$150,284,132
Net incomeunverified$338,313,724$87,482,105$-22,316,767$47,419,740$19,717,731$182,255,285
Cost of uncompensated careunverified$90,818,067$90,133,798$87,537,720$81,602,741$15,385,104$65,281,496
Total facility bad debt expenseunverified$138,473,590$128,687,736$120,458,499$123,680,409$27,931,812$88,886,141
Charity care charges and uninsured discountsunverified$138,648,606$144,527,136$147,897,973$153,882,487$27,956,386$159,498,627
Cost of charity careunverified$45,366,813$47,666,027$48,272,659$45,183,745$7,680,973$41,820,509
Charges for insured patients' liabilityunverified$937,901
Operating marginunverified20.5%4.7%-4.3%1.3%2.8%7.7%
Overall cost-to-charge ratiounverified30.6%31.3%31.8%28.9%27.8%28.0%
Occupancy rateunverified70.6%74.7%74.6%73.5%76.2%75.6%
Average length of stayunverified4.85.35.35.05.15.1
Uncompensated care as % of operating expenseunverified8.7%7.7%6.8%6.0%3.7%3.6%
Charity care cost-to-charge ratiounverified32.7%33.0%32.6%29.4%27.5%26.2%
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