MULTICARE COVINGTON MEDICAL CENTER — financial and operating metrics

CCN 500154, COVINGTON, 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 availableunverified404345574848
Total bed days availableunverified14,64015,69516,42520,80517,56817,520
Total facility dischargesunverified1,5182,0922,6662,2612,5883,130
Total facility inpatient daysunverified5,5648,92411,9168,6449,78911,937
Total patient revenue (gross charges)unverified$298,906,606$359,839,441$386,321,665$380,057,573$438,355,920$504,636,778
Contractual allowances and discountsunverified$222,077,608$269,676,035$289,115,139$286,704,638$323,454,759$368,449,381
Net patient revenueunverified$76,828,998$90,163,406$97,206,526$93,352,935$114,901,161$136,187,397
Total operating expensesunverified$74,559,694$84,796,251$99,310,712$96,432,141$111,116,229$114,317,799
Net income from service to patientsunverified$2,269,304$5,367,155$-2,104,186$-3,079,206$3,784,932$21,869,598
Net incomeunverified$4,775,852$10,363,710$-1,755,563$3,158,409$10,428,891$22,171,305
Cost of uncompensated careunverified$4,829,565$4,610,499$5,036,391$4,928,689$6,558,948$6,818,131
Total facility bad debt expenseunverified$4,425,080$5,198,595$4,968,654$4,760,206$7,052,349$6,722,161
Charity care charges and uninsured discountsunverified$10,906,540$11,869,759$12,299,709$12,539,186$16,807,785$18,944,586
Cost of charity careunverified$3,916,328$3,539,770$3,956,389$3,931,253$5,175,420$5,415,551
Charges for insured patients' liabilityunverified$115,015
Operating marginunverified3.0%6.0%-2.2%-3.3%3.3%16.1%
Overall cost-to-charge ratiounverified24.9%23.6%25.7%25.4%25.3%22.7%
Occupancy rateunverified38.0%56.9%72.5%41.5%55.7%68.1%
Average length of stayunverified3.74.34.53.83.83.8
Uncompensated care as % of operating expenseunverified6.5%5.4%5.1%5.1%5.9%6.0%
Charity care cost-to-charge ratiounverified35.9%29.8%32.2%31.4%30.8%28.6%
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