CONTINUECARE HOSPITAL AT UNIVERSITY — financial and operating metrics

CCN 342021, CHARLOTTE, NC · Medicare cost reports, FY2018–FY2022

Short reporting period. FY2022 (256 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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MetricFY2018FY2019FY2020FY2021FY2022
256d
Total facility beds availableunverified3535261717
Total bed days availableunverified12,77512,7759,5346,2054,403
Total facility dischargesunverified143227170177124
Total facility inpatient daysunverified3,8375,8355,4955,3793,077
Total patient revenue (gross charges)unverified$27,377,725$36,479,919$34,148,905$34,172,056$18,556,873
Contractual allowances and discountsunverified$20,436,579$26,671,188$24,570,383$25,332,585$13,842,964
Net patient revenueunverified$6,941,146$9,808,731$9,578,522$8,839,471$4,713,909
Total operating expensesunverified$7,891,103$9,583,377$9,382,192$9,117,477$6,779,950
Net income from service to patientsunverified$-949,957$225,354$196,330$-278,006$-2,066,041
Net incomeunverified$-943,343$237,850$450,174$-78,631$-1,968,544
Operating marginunverified-13.7%2.3%2.0%-3.1%-43.8%
Overall cost-to-charge ratiounverified28.8%26.3%27.5%26.7%36.5%
Occupancy rateunverified30.0%45.7%57.6%86.7%69.9%
Average length of stayunverified26.825.732.330.424.8
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