OLYMPIC MEDICAL CENTER — financial and operating metrics

CCN 500072, PORT ANGELES, 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 availableunverified787878787878
Total bed days availableunverified28,54828,47028,47028,47028,54828,470
Total facility dischargesunverified3,6073,6313,3003,1703,6954,146
Total facility inpatient daysunverified13,66914,99313,08314,54814,70114,821
Total patient revenue (gross charges)unverified$436,677,542$499,007,722$503,173,244$517,580,878$556,905,062$612,165,797
Contractual allowances and discountsunverified$232,084,980$260,604,957$265,321,190$285,946,929$294,425,195$331,398,239
Net patient revenueunverified$204,592,562$238,402,765$237,852,054$231,633,949$262,479,867$280,767,558
Total operating expensesunverified$222,870,005$247,986,926$266,805,210$271,078,645$285,304,485$314,792,393
Net income from service to patientsunverified$-18,277,443$-9,584,161$-28,953,156$-39,444,696$-22,824,618$-34,024,835
Net incomeunverified$10,378,198$5,718,898$-16,062,394$-25,980,901$-10,864,038$-16,762,627
Cost of uncompensated careunverified$1,122,436$2,002,647$2,414,830$3,103,712$4,592,659$5,638,884
Total facility bad debt expenseunverified$2,335,590$2,438,718$2,679,716$2,263,453$5,300,779$6,639,899
Charity care charges and uninsured discountsunverified$1,177,351$1,301,978$1,855,574$3,505,372$3,102,591$3,610,003
Cost of charity careunverified$167,147$1,035,107$1,299,500$2,256,100$2,246,594$2,660,512
Charges for insured patients' liabilityunverified$318,526
Operating marginunverified-8.9%-4.0%-12.2%-17.0%-8.7%-12.1%
Overall cost-to-charge ratiounverified51.0%49.7%53.0%52.4%51.2%51.4%
Occupancy rateunverified47.9%52.7%46.0%51.1%51.5%52.1%
Average length of stayunverified3.84.14.04.64.03.6
Uncompensated care as % of operating expenseunverified0.5%0.8%0.9%1.1%1.6%1.8%
Charity care cost-to-charge ratiounverified14.2%79.5%70.0%64.4%72.4%73.7%
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