LEXINGTON MEMORIAL HOSPITAL INC — financial and operating metrics

CCN 340096, LEXINGTON, 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 availableunverified707070707070
Total bed days availableunverified25,62012,88025,55025,55025,62025,550
Total facility dischargesunverified3,4761,6323,3303,4643,8843,971
Total facility inpatient daysunverified12,3157,12014,61414,47115,08914,065
Total patient revenue (gross charges)unverified$402,967,860$217,411,912$469,193,149$537,638,105$604,860,928$661,358,537
Contractual allowances and discountsunverified$303,642,591$162,447,425$330,899,474$387,246,295$442,781,661$514,149,508
Net patient revenueunverified$99,325,269$54,964,487$138,293,675$150,391,810$162,079,267$147,209,029
Total operating expensesunverified$99,459,523$48,014,867$128,810,898$136,365,072$137,708,094$133,881,792
Net income from service to patientsunverified$-134,254$6,949,620$9,482,777$14,026,738$24,371,173$13,327,237
Net incomeunverified$10,734,438$9,316,667$13,805,135$17,796,227$28,138,976$50,662,605
Cost of uncompensated careunverified$8,416,250$3,989,349$7,685,667$7,030,960$5,764,164$6,373,248
Total facility bad debt expenseunverified$13,018,224$10,878,701$19,510,444$19,214,046$16,597,229$10,961,076
Charity care charges and uninsured discountsunverified$23,216,580$8,588,047$17,694,244$16,623,350$14,834,600$22,350,199
Cost of charity careunverified$5,342,958$1,745,787$3,635,212$3,241,021$2,712,403$4,437,637
Operating marginunverified-0.1%12.6%6.9%9.3%15.0%9.1%
Overall cost-to-charge ratiounverified24.7%22.1%27.5%25.4%22.8%20.2%
Occupancy rateunverified48.1%55.3%57.2%56.6%58.9%55.0%
Average length of stayunverified3.54.44.44.23.93.5
Uncompensated care as % of operating expenseunverified8.5%8.3%6.0%5.2%4.2%4.8%
Charity care cost-to-charge ratiounverified23.0%20.3%20.5%19.5%18.3%19.9%
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