LAKE HEALTH — financial and operating metrics

CCN 360098, CONCORD, OH · Medicare cost reports, FY2019–FY2024

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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MetricFY2019FY2020FY2021FY2022FY2023FY2024
Total facility beds availableunverified312325297297257237
Total bed days availableunverified113,880118,950108,405108,40593,80586,742
Total facility dischargesunverified13,47611,10211,42611,54410,2539,233
Total facility inpatient daysunverified55,76850,12154,59354,30449,65742,110
Total patient revenue (gross charges)unverified$1,457,712,493$1,324,600,025$1,448,816,387$1,434,164,853$1,360,095,369$1,262,795,024
Contractual allowances and discountsunverified$1,109,164,725$1,010,396,839$1,098,208,306$1,091,770,261$1,050,733,807$960,808,157
Net patient revenueunverified$348,547,768$314,203,186$350,608,081$342,394,592$309,361,562$301,986,867
Total operating expensesunverified$374,227,622$367,406,953$397,361,087$407,862,808$428,259,636$409,767,392
Net income from service to patientsunverified$-25,679,854$-53,203,767$-46,753,006$-65,468,216$-118,898,074$-107,780,525
Net incomeunverified$21,076,299$-3,687,631$20,601,053$-54,424,874$-67,703,090$-35,104,238
Cost of uncompensated careunverified$11,151,276$8,802,853$8,054,075$11,974,498$10,881,390$6,996,064
Total facility bad debt expenseunverified$41,376,630$30,721,486$31,640,151$31,299,105$32,875,241$17,587,648
Charity care charges and uninsured discountsunverified$7,305,465$4,322,189$1,485,700$9,374,354$1,858,364$2,972,783
Cost of charity careunverified$1,723,065$1,124,655$419,056$3,261,448$675,860$1,789,621
Charges for insured patients' liabilityunverified$941,108
Operating marginunverified-7.4%-16.9%-13.3%-19.1%-38.4%-35.7%
Overall cost-to-charge ratiounverified25.7%27.7%27.4%28.4%31.5%32.4%
Occupancy rateunverified49.0%42.1%50.4%50.1%52.9%48.5%
Average length of stayunverified4.14.54.84.74.84.6
Uncompensated care as % of operating expenseunverified3.0%2.4%2.0%2.9%2.5%1.7%
Charity care cost-to-charge ratiounverified23.6%26.0%28.2%34.8%36.4%60.2%
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