SKAGIT VALLEY HOSPITAL — financial and operating metrics

CCN 500003, MOUNT VERNON, WA · Medicare cost reports, FY2019–FY2024

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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MetricFY2019FY2020FY2021FY2022FY2023FY2024
Total facility beds availableunverified137137137137137137
Total bed days availableunverified50,00550,14250,00550,00550,00550,142
Total facility dischargesunverified7,9767,0577,0076,9467,6257,969
Total facility inpatient daysunverified37,11936,56038,72542,62142,62144,593
Total patient revenue (gross charges)unverified$1,275,775,753$1,246,435,949$1,406,552,609$1,505,656,788$1,686,467,594$1,930,096,563
Contractual allowances and discountsunverified$938,601,847$907,591,537$1,010,270,512$1,091,397,113$1,219,445,442$1,376,685,523
Net patient revenueunverified$337,173,906$338,844,412$396,282,097$414,259,675$467,022,152$553,411,040
Total operating expensesunverified$376,091,126$391,158,213$442,261,301$488,615,996$524,775,141$575,872,558
Net income from service to patientsunverified$-38,917,220$-52,313,801$-45,979,204$-74,356,321$-57,752,989$-22,461,518
Net incomeunverified$-6,946,571$-906,311$14,835,197$-40,234,716$-35,457,733$13,132,352
Cost of uncompensated careunverified$6,614,994$6,291,594$7,621,905$7,800,813$10,238,761$12,410,546
Total facility bad debt expenseunverified$12,019,471$8,956,046$12,078,190$8,544,433$8,671,224$16,814,266
Charity care charges and uninsured discountsunverified$8,373,976$8,904,703$9,893,547$12,333,016$12,931,662$13,186,131
Cost of charity careunverified$3,639,712$3,735,632$4,280,149$5,369,498$7,666,179$7,459,648
Operating marginunverified-11.5%-15.4%-11.6%-17.9%-12.4%-4.1%
Overall cost-to-charge ratiounverified29.5%31.4%31.4%32.5%31.1%29.8%
Occupancy rateunverified74.2%72.9%77.4%85.2%85.2%88.9%
Average length of stayunverified4.75.25.56.15.65.6
Uncompensated care as % of operating expenseunverified1.8%1.6%1.7%1.6%2.0%2.2%
Charity care cost-to-charge ratiounverified43.5%42.0%43.3%43.5%59.3%56.6%
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