SWEDISH MEDICAL CENTER — financial and operating metrics

CCN 500027, SEATTLE, WA · 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 availableunverified673627603603590590
Total bed days availableunverified246,318230,085222,555220,095215,940222,650
Total facility dischargesunverified26,18524,62423,68023,52523,92525,312
Total facility inpatient daysunverified153,177154,546152,842148,080146,748151,042
Total patient revenue (gross charges)unverified$4,230,234,731$4,733,784,570$4,855,914,935$5,252,581,572$5,725,978,902$6,265,676,649
Contractual allowances and discountsunverified$3,016,330,010$3,411,052,212$3,483,291,233$3,765,078,212$4,056,931,576$4,480,038,058
Net patient revenueunverified$1,213,904,721$1,322,732,358$1,372,623,702$1,487,503,360$1,669,047,326$1,785,638,591
Total operating expensesunverified$1,447,453,271$1,517,317,589$1,581,247,433$1,658,936,433$1,809,346,728$1,975,634,676
Net income from service to patientsunverified$-233,548,550$-194,585,231$-208,623,731$-171,433,073$-140,299,402$-189,996,085
Net incomeunverified$-20,395,217$-69,276,940$-89,667,814$-39,035,664$37,581,644$70,351,986
Cost of uncompensated careunverified$21,763,080$17,189,269$18,269,341$18,856,850$24,763,116$33,082,238
Total facility bad debt expenseunverified$25,795,684$26,193,810$20,652,202$13,106,372$10,814,361$14,970,996
Charity care charges and uninsured discountsunverified$46,098,562$35,238,589$47,026,733$55,056,253$72,980,571$100,980,125
Cost of charity careunverified$15,066,443$10,869,902$13,327,533$15,575,156$22,036,369$29,423,019
Charges for insured patients' liabilityunverified$1,067,109$2,765,537$657,448
Operating marginunverified-19.2%-14.7%-15.2%-11.5%-8.4%-10.6%
Overall cost-to-charge ratiounverified34.2%32.1%32.6%31.6%31.6%31.5%
Occupancy rateunverified62.2%67.2%68.7%67.3%68.0%67.8%
Average length of stayunverified5.86.36.56.36.16.0
Uncompensated care as % of operating expenseunverified1.5%1.1%1.2%1.1%1.4%1.7%
Charity care cost-to-charge ratiounverified32.7%30.8%28.3%28.3%30.2%29.1%
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