MEDICAL COLLEGE OF VIRGINIA HOSPITALS — financial and operating metrics

CCN 490032, RICHMOND, VA · 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 availableunverified695725693842816865
Total bed days availableunverified253,751264,536254,372306,322298,656315,725
Total facility dischargesunverified35,06335,09036,12836,53338,91141,852
Total facility inpatient daysunverified218,180235,081234,940239,957241,664247,208
Total patient revenue (gross charges)unverified$6,198,999,229$6,858,723,108$7,584,118,791$8,147,799,160$9,031,147,911$9,755,663,886
Contractual allowances and discountsunverified$4,622,600,727$5,080,680,536$5,570,155,135$5,886,577,666$6,384,333,929$6,985,018,489
Net patient revenueunverified$1,576,398,502$1,778,042,572$2,013,963,656$2,261,221,494$2,646,813,982$2,770,645,397
Total operating expensesunverified$1,898,243,753$1,826,030,889$2,061,398,572$2,255,115,718$2,449,816,642$2,695,056,252
Net income from service to patientsunverified$-321,845,251$-47,988,317$-47,434,916$6,105,776$196,997,340$75,589,145
Net incomeunverified$-156,852,654$557,841,532$-43,611,523$292,266,103$500,308,565$526,458,411
Cost of uncompensated careunverified$40,384,230$36,365,391$37,217,459$45,911,111$45,150,118$65,069,299
Total facility bad debt expenseunverified$66,224,629$69,104,925$51,357,893$80,186,796$65,556,669$94,147,673
Charity care charges and uninsured discountsunverified$94,898,228$90,505,637$106,467,158$93,329,935$114,188,715$156,377,129
Cost of charity careunverified$23,562,003$20,511,981$25,032,093$25,370,084$29,017,127$41,050,862
Charges for insured patients' liabilityunverified$195,110$31,799
Operating marginunverified-20.4%-2.7%-2.4%0.3%7.4%2.7%
Overall cost-to-charge ratiounverified30.6%26.6%27.2%27.7%27.1%27.6%
Occupancy rateunverified86.0%88.9%92.4%78.3%80.9%78.3%
Average length of stayunverified6.26.76.56.66.25.9
Uncompensated care as % of operating expenseunverified2.1%2.0%1.8%2.0%1.8%2.4%
Charity care cost-to-charge ratiounverified24.8%22.7%23.5%27.2%25.4%26.3%
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