MARTIN GENERAL HOSPITAL — financial and operating metrics

CCN 340133, WILLIAMSTON, NC · Medicare cost reports, FY2018–FY2023

Short reporting period. FY2023 (93 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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MetricFY2018FY2019FY2020FY2021FY2022FY2023
93d
Total facility beds availableunverified434343434343
Total bed days availableunverified15,69515,69515,73815,69515,6954,042
Total facility dischargesunverified1,2041,1341,069828704189
Total facility inpatient daysunverified4,1054,3144,9094,3044,238763
Total patient revenue (gross charges)unverified$167,639,540$171,958,987$178,350,385$162,259,879$162,678,174$37,991,717
Contractual allowances and discountsunverified$144,838,946$149,593,502$154,308,042$137,895,830$137,174,025$32,731,635
Net patient revenueunverified$22,800,594$22,365,485$24,042,343$24,364,049$25,504,149$5,260,082
Total operating expensesunverified$26,035,321$25,630,456$26,601,933$27,714,088$30,723,697$8,639,548
Net income from service to patientsunverified$-3,234,727$-3,264,971$-2,559,590$-3,350,039$-5,219,548$-3,379,466
Net incomeunverified$-3,040,915$-2,952,819$-2,229,734$-569,714$-3,783,269$-3,318,795
Cost of uncompensated careunverified$2,079,070$1,982,739$2,117,440$2,320,049$2,000,155$572,971
Total facility bad debt expenseunverified$8,999,853$8,214,247$9,302,517$9,971,832$7,065,353$1,710,485
Charity care charges and uninsured discountsunverified$5,704,112$6,569,991$6,277,671$5,062,174$4,822,951$1,029,379
Cost of charity careunverified$754,278$829,507$826,747$748,766$792,526$211,711
Operating marginunverified-14.2%-14.6%-10.6%-13.7%-20.5%-64.2%
Overall cost-to-charge ratiounverified15.5%14.9%14.9%17.1%18.9%22.7%
Occupancy rateunverified26.2%27.5%31.2%27.4%27.0%18.9%
Average length of stayunverified3.43.84.65.26.04.0
Uncompensated care as % of operating expenseunverified8.0%7.7%8.0%8.4%6.5%6.6%
Charity care cost-to-charge ratiounverified13.2%12.6%13.2%14.8%16.4%20.6%
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