MEMORIAL HOSPITAL OF RHODE ISLAND — financial and operating metrics

CCN 410001, PAWTUCKET, RI · Medicare cost reports, FY2017–FY2018

Short reporting period. FY2018 (121 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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MetricFY2017FY2018
121d
Total facility beds availableunverified9292
Total bed days availableunverified33,58011,224
Total facility dischargesunverified2,857320
Total facility inpatient daysunverified10,9831,151
Total patient revenue (gross charges)unverified$267,231,462$49,264,709
Contractual allowances and discountsunverified$161,744,052$31,670,677
Net patient revenueunverified$105,487,410$17,594,032
Total operating expensesunverified$136,565,446$39,951,638
Net income from service to patientsunverified$-31,078,036$-22,357,606
Net incomeunverified$-20,669,171$53,461,974
Cost of uncompensated careunverified$4,770,019$3,484,013
Total facility bad debt expenseunverified$8,941,331$5,461,705
Charity care charges and uninsured discountsunverified$3,107,689$654,493
Cost of charity careunverified$1,364,681$412,010
Operating marginunverified-29.5%-127.1%
Overall cost-to-charge ratiounverified51.1%81.1%
Occupancy rateunverified32.7%10.3%
Average length of stayunverified3.83.6
Uncompensated care as % of operating expenseunverified3.5%8.7%
Charity care cost-to-charge ratiounverified43.9%63.0%
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