CANNON MEMORIAL HOSPITAL — financial and operating metrics

CCN 420011, PICKENS, SC · Medicare cost reports, FY2020–FY2025

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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MetricFY2020FY2021FY2022FY2023FY2024FY2025
Total facility beds availableunverified424242424242
Total bed days availableunverified15,37215,33015,33015,33015,37215,330
Total facility dischargesunverified809764942778795765
Total facility inpatient daysunverified2,5352,5402,3342,1001,7781,714
Total patient revenue (gross charges)unverified$104,636,798$106,513,237$117,883,279$124,296,550$124,706,569$130,895,084
Contractual allowances and discountsunverified$79,713,463$76,572,311$92,085,819$98,249,422$94,699,712$95,807,081
Net patient revenueunverified$24,923,335$29,940,926$25,797,460$26,047,128$30,006,857$35,088,003
Total operating expensesunverified$26,536,098$34,634,863$23,601,048$25,476,996$26,756,675$27,512,122
Net income from service to patientsunverified$-1,612,763$-4,693,937$2,196,412$570,132$3,250,182$7,575,881
Net incomeunverified$-825,132$-3,527,696$3,303,207$904,613$3,401,469$8,246,744
Cost of uncompensated careunverified$4,427,267$3,309,181$2,317,303$2,579,146$2,476,206$2,554,884
Total facility bad debt expenseunverified$8,112,424$6,337,889$4,851,120$6,595,915$5,449,874$5,842,035
Charity care charges and uninsured discountsunverified$9,771,885$7,166,627$7,750,935$7,321,824$6,472,305$7,302,396
Cost of charity careunverified$2,425,181$1,756,590$1,425,952$1,360,867$1,341,270$1,416,821
Charges for insured patients' liabilityunverified$13,151$3,586
Operating marginunverified-6.5%-15.7%8.5%2.2%10.8%21.6%
Overall cost-to-charge ratiounverified25.4%32.5%20.0%20.5%21.5%21.0%
Occupancy rateunverified16.5%16.6%15.2%13.7%11.6%11.2%
Average length of stayunverified3.13.32.52.72.22.2
Uncompensated care as % of operating expenseunverified16.7%9.6%9.8%10.1%9.3%9.3%
Charity care cost-to-charge ratiounverified24.8%24.5%18.4%18.6%20.7%19.4%
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