PRAIRIE LAKES HEALTHCARE SYSTEM, INC — financial and operating metrics

CCN 430005, WATERTOWN, SD · 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 availableunverified818181698181
Total bed days availableunverified29,64629,56529,56528,43727,07829,565
Total facility dischargesunverified2,4572,6672,4962,4202,3522,390
Total facility inpatient daysunverified8,1419,5929,1109,8089,1279,118
Total patient revenue (gross charges)unverified$212,961,774$238,604,927$280,937,947$276,173,736$315,143,417$387,701,687
Contractual allowances and discountsunverified$114,005,537$123,745,476$134,834,495$152,315,769$176,963,588$225,306,404
Net patient revenueunverified$98,956,237$114,859,451$146,103,452$123,857,967$138,179,829$162,395,283
Total operating expensesunverified$102,572,448$109,616,475$124,012,158$135,966,201$146,267,553$168,480,440
Net income from service to patientsunverified$-3,616,211$5,242,976$22,091,294$-12,108,234$-8,087,724$-6,085,157
Net incomeunverified$-9,797,267$114,011,303$24,400,712$-23,640,074$30,454,847$24,012,088
Cost of uncompensated careunverified$2,669,070$2,271,189$3,031,265$2,494,866$3,344,953$2,415,252
Total facility bad debt expenseunverified$4,628,258$3,918,588$5,669,788$4,120,402$6,778,132$4,451,747
Charity care charges and uninsured discountsunverified$1,970,109$1,511,168$1,238,025$1,321,519$1,289,437$1,472,290
Cost of charity careunverified$928,466$833,727$817,038$850,657$806,447$864,462
Operating marginunverified-3.7%4.6%15.1%-9.8%-5.9%-3.7%
Overall cost-to-charge ratiounverified48.2%45.9%44.1%49.2%46.4%43.5%
Occupancy rateunverified27.5%32.4%30.8%34.5%33.7%30.8%
Average length of stayunverified3.33.63.64.13.93.8
Uncompensated care as % of operating expenseunverified2.6%2.1%2.4%1.8%2.3%1.4%
Charity care cost-to-charge ratiounverified47.1%55.2%66.0%64.4%62.5%58.7%
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