WAKEMED, CARY HOSPITAL — financial and operating metrics

CCN 340173, CARY, 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 availableunverified196203189222225237
Total bed days availableunverified71,73674,24768,98581,03082,35085,271
Total facility dischargesunverified12,20213,64313,84613,96815,49716,200
Total facility inpatient daysunverified50,64460,06361,65168,24973,31277,591
Total patient revenue (gross charges)unverified$1,099,033,319$1,278,297,063$1,288,041,147$1,460,958,900$1,588,690,385$1,732,832,197
Contractual allowances and discountsunverified$830,573,709$968,134,485$969,895,654$1,102,515,612$1,177,268,133$1,276,698,766
Net patient revenueunverified$268,459,610$310,162,578$318,145,493$358,443,288$411,422,252$456,133,431
Total operating expensesunverified$234,042,393$277,472,325$329,750,337$346,521,728$370,542,451$388,323,689
Net income from service to patientsunverified$34,417,217$32,690,253$-11,604,844$11,921,560$40,879,801$67,809,742
Net incomeunverified$41,106,054$36,625,717$-11,604,844$11,921,560$40,879,801$67,809,742
Cost of uncompensated careunverified$21,341,422$21,164,490$21,427,439$18,769,436$17,476,784$24,396,881
Total facility bad debt expenseunverified$43,883,384$36,852,048$29,322,495$27,077,703$25,437,217$20,328,281
Charity care charges and uninsured discountsunverified$54,885,640$49,865,806$50,575,536$54,322,323$51,765,127$60,559,785
Cost of charity careunverified$12,552,160$13,543,370$14,279,573$12,880,831$12,313,961$20,334,007
Charges for insured patients' liabilityunverified$1,201,985$670,751
Operating marginunverified12.8%10.5%-3.6%3.3%9.9%14.9%
Overall cost-to-charge ratiounverified21.3%21.7%25.6%23.7%23.3%22.4%
Occupancy rateunverified70.6%80.9%89.4%84.2%89.0%91.0%
Average length of stayunverified4.24.44.54.94.74.8
Uncompensated care as % of operating expenseunverified9.1%7.6%6.5%5.4%4.7%6.3%
Charity care cost-to-charge ratiounverified22.9%27.2%28.2%23.7%23.8%33.6%
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