COVENANT MEDICAL CENTER — financial and operating metrics

CCN 450040, LUBBOCK, TX · 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 availableunverified366380379360452439
Total bed days availableunverified133,956138,700138,335131,400149,865160,235
Total facility dischargesunverified15,85914,87911,47413,97215,89518,504
Total facility inpatient daysunverified86,72297,64678,20984,97591,302104,691
Total patient revenue (gross charges)unverified$3,630,096,728$3,849,145,010$3,528,306,590$3,943,169,963$4,457,634,645$5,298,137,021
Contractual allowances and discountsunverified$3,238,376,950$3,433,742,590$3,148,030,733$3,505,490,792$3,952,807,566$4,753,546,024
Net patient revenueunverified$391,719,778$415,402,420$380,275,857$437,679,171$504,827,079$544,590,997
Total operating expensesunverified$487,661,059$516,437,207$529,203,147$542,360,324$585,750,784$633,600,056
Net income from service to patientsunverified$-95,941,281$-101,034,787$-148,927,290$-104,681,153$-80,923,705$-89,009,059
Net incomeunverified$-17,993,102$-33,553,032$-100,339,858$-51,580,668$-39,241,874$-48,128,763
Cost of uncompensated careunverified$44,682,837$35,826,678$40,030,277$38,173,304$34,187,092$35,903,847
Total facility bad debt expenseunverified$42,182,343$34,383,144$63,942,360$81,640,952$63,737,055$30,661,578
Charity care charges and uninsured discountsunverified$290,182,015$283,865,652$296,782,380$264,469,105$258,799,469$315,897,352
Cost of charity careunverified$40,158,224$32,143,446$33,092,141$29,311,110$27,209,229$32,683,523
Charges for insured patients' liabilityunverified$2,363,791$1,667,550
Operating marginunverified-24.5%-24.3%-39.2%-23.9%-16.0%-16.3%
Overall cost-to-charge ratiounverified13.4%13.4%15.0%13.8%13.1%12.0%
Occupancy rateunverified64.7%70.4%56.5%64.7%60.9%65.3%
Average length of stayunverified5.56.66.86.15.75.7
Uncompensated care as % of operating expenseunverified9.2%6.9%7.6%7.0%5.8%5.7%
Charity care cost-to-charge ratiounverified13.8%11.3%11.2%11.1%10.5%10.3%
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