HIGHSMITH RAINEY MEMORIAL HOSPITAL — financial and operating metrics

CCN 342014, FAYETTEVILLE, 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 availableunverified666666666666
Total bed days availableunverified24,15624,09024,09024,0906,07224,090
Total facility dischargesunverified30726921624660260
Total facility inpatient daysunverified22,65820,20219,18914,8803,48713,855
Total patient revenue (gross charges)unverified$173,567,509$164,925,539$152,967,878$127,002,129$32,161,912$135,152,861
Contractual allowances and discountsunverified$151,742,244$134,079,926$120,829,433$96,066,737$27,407,627$100,687,696
Net patient revenueunverified$21,825,265$30,845,613$32,138,445$30,935,392$4,754,285$34,465,165
Total operating expensesunverified$38,701,978$40,548,153$43,044,972$37,354,067$9,911,790$42,481,641
Net income from service to patientsunverified$-16,876,713$-9,702,540$-10,906,527$-6,418,675$-5,157,505$-8,016,476
Net incomeunverified$-16,628,167$-9,471,595$-10,677,189$-6,160,209$-5,171,951$-8,013,971
Operating marginunverified-77.3%-31.5%-33.9%-20.7%-108.5%-23.3%
Overall cost-to-charge ratiounverified22.3%24.6%28.1%29.4%30.8%31.4%
Occupancy rateunverified93.8%83.9%79.7%61.8%57.4%57.5%
Average length of stayunverified73.875.188.860.558.153.3
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