HOPE MEDICAL CENTER — financial and operating metrics

CCN 400005, HUMACAO, PR · 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 availableunverified575757575748
Total bed days availableunverified20,80520,86220,80520,80519,72218,480
Total facility dischargesunverified2,0481,5111,5271,4351,1021,026
Total facility inpatient daysunverified13,0719,89110,2579,4557,3349,233
Total patient revenue (gross charges)unverified$31,297,919$21,890,803$27,891,321$27,089,629$20,490,092$13,702,071
Contractual allowances and discountsunverified$14,929,573$10,581,296$13,903,695$13,144,508$9,139,532$1,769,433
Net patient revenueunverified$16,368,346$11,309,507$13,987,626$13,945,121$11,350,560$11,932,638
Total operating expensesunverified$19,149,119$16,095,504$16,052,331$16,787,418$22,994,288$15,701,867
Net income from service to patientsunverified$-2,780,773$-4,785,997$-2,064,705$-2,842,297$-11,643,728$-3,769,229
Net incomeunverified$-2,215,989$-1,594,917$-1,406,890$-1,048,890$-11,576,357$-3,508,706
Cost of uncompensated careunverified$229,712$189,702$250,059$334,998$26,595
Total facility bad debt expenseunverified$437,920$323,915$498,494$558,222$75,986
Operating marginunverified-17.0%-42.3%-14.8%-20.4%-102.6%-31.6%
Overall cost-to-charge ratiounverified61.2%73.5%57.6%62.0%112.2%114.6%
Occupancy rateunverified62.8%47.4%49.3%45.4%37.2%50.0%
Average length of stayunverified6.46.56.76.66.79.0
Uncompensated care as % of operating expenseunverified1.2%1.2%1.6%2.0%0.1%
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