HERITAGE VALLEY KENNEDY — financial and operating metrics

CCN 390157, MC KEES ROCKS, PA · Medicare cost reports, FY2018–FY2023

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
Total facility beds availableunverified878787878787
Total bed days availableunverified31,75531,75531,84231,75531,75531,755
Total facility dischargesunverified2,7182,7821,8121,5721,4691,168
Total facility inpatient daysunverified12,1629,4498,0476,6077,1385,247
Total patient revenue (gross charges)unverified$192,761,419$179,848,421$167,410,486$152,894,256$159,102,220$146,561,768
Contractual allowances and discountsunverified$134,795,953$126,587,046$124,242,825$107,383,992$107,531,137$101,176,354
Net patient revenueunverified$57,965,466$53,261,375$43,167,661$45,510,264$51,571,083$45,385,414
Total operating expensesunverified$65,861,216$70,698,174$70,205,545$66,732,651$75,662,018$79,739,935
Net income from service to patientsunverified$-7,895,750$-17,436,799$-27,037,884$-21,222,387$-24,090,935$-34,354,521
Net incomeunverified$-3,117,554$-13,474,696$-16,672,391$-5,487,107$-16,335,823$-22,018,258
Cost of uncompensated careunverified$1,081,809$424,193$1,443,805$872,211$2,176,058$1,409,387
Total facility bad debt expenseunverified$2,599,824$869,616$717,672$1,090,576$2,007,592$1,545,998
Charity care charges and uninsured discountsunverified$744,617$138,991$1,533,827$1,077,882$2,327,868$1,122,108
Cost of charity careunverified$239,612$109,296$1,178,083$440,081$1,308,437$669,367
Operating marginunverified-13.6%-32.7%-62.6%-46.6%-46.7%-75.7%
Overall cost-to-charge ratiounverified34.2%39.3%41.9%43.6%47.6%54.4%
Occupancy rateunverified38.3%29.8%25.3%20.8%22.5%16.5%
Average length of stayunverified4.53.44.44.24.94.5
Uncompensated care as % of operating expenseunverified1.6%0.6%2.1%1.3%2.9%1.8%
Charity care cost-to-charge ratiounverified32.2%78.6%76.8%40.8%56.2%59.7%
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