LAKE CITY COMMUNTY HOSPTIAL — financial and operating metrics

CCN 420066, LAKE CITY, SC · Medicare cost reports, FY2018–FY2022

Short reporting period. FY2022 (182 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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MetricFY2018FY2019FY2020FY2021FY2022
182d
Total facility beds availableunverified2626262626
Total bed days availableunverified9,4909,4909,5169,4909,490
Total facility dischargesunverified479569626658423
Total facility inpatient daysunverified1,8992,5373,5433,6682,187
Total patient revenue (gross charges)unverified$53,600,718$54,998,672$54,296,590$53,774,943$47,389,183
Contractual allowances and discountsunverified$34,168,448$35,840,336$35,479,929$32,954,150$29,914,320
Net patient revenueunverified$19,432,270$19,158,336$18,816,661$20,820,793$17,474,863
Total operating expensesunverified$19,546,726$19,414,485$20,651,148$21,818,231$20,202,354
Net income from service to patientsunverified$-114,456$-256,149$-1,834,487$-997,438$-2,727,491
Net incomeunverified$69,381$-36,630$-69,436$9,087,371$-2,678,660
Cost of uncompensated careunverified$2,455,612$2,037,062$759,156$35,143$27,386
Total facility bad debt expenseunverified$7,310,560$5,688,659$1,665,016$100,332$78,248
Charity care charges and uninsured discountsunverified$130,083$772,404$535,130$54,227
Cost of charity careunverified$42,894$242,944$192,913$25,643
Operating marginunverified-0.6%-1.3%-9.7%-4.8%-15.6%
Overall cost-to-charge ratiounverified36.5%35.3%38.0%40.6%42.6%
Occupancy rateunverified20.0%26.7%37.2%38.7%23.0%
Average length of stayunverified4.04.55.75.65.2
Uncompensated care as % of operating expenseunverified12.6%10.5%3.7%0.2%0.1%
Charity care cost-to-charge ratiounverified33.0%31.5%36.0%47.3%
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