PEACEHEALTH PEACE ISLAND MEDICAL CENTER — financial and operating metrics

CCN 501340, FRIDAY HARBOR, 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 availableunverified101010101010
Total bed days availableunverified3,6603,6503,6503,6503,6603,650
Total facility dischargesunverified857469857267
Total facility inpatient daysunverified213198204247196175
Total patient revenue (gross charges)unverified$31,948,844$38,245,159$42,272,061$49,448,184$52,011,770$58,366,914
Contractual allowances and discountsunverified$14,085,577$15,117,987$19,067,339$23,380,128$23,530,370$28,475,190
Net patient revenueunverified$17,863,267$23,127,172$23,204,722$26,068,056$28,481,400$29,891,724
Total operating expensesunverified$20,910,575$22,933,001$25,287,134$27,252,985$29,640,049$32,613,439
Net income from service to patientsunverified$-3,047,308$194,171$-2,082,412$-1,184,929$-1,158,649$-2,721,715
Net incomeunverified$398,350$1,710,376$-928,153$279,032$1,696,038$440,501
Cost of uncompensated careunverified$982,390$598,047$646,637$856,855$1,005,947$1,399,735
Total facility bad debt expenseunverified$420,458$311,837$442,613$448,307$349,202$815,388
Charity care charges and uninsured discountsunverified$952,379$660,167$572,531$957,847$1,317,912$1,628,050
Cost of charity careunverified$799,878$479,505$428,753$687,360$874,993$1,025,582
Charges for insured patients' liabilityunverified$48,733$1,980
Operating marginunverified-17.1%0.8%-9.0%-4.5%-4.1%-9.1%
Overall cost-to-charge ratiounverified65.5%60.0%59.8%55.1%57.0%55.9%
Occupancy rateunverified5.8%5.4%5.6%6.8%5.4%4.8%
Average length of stayunverified2.52.73.02.92.72.6
Uncompensated care as % of operating expenseunverified4.7%2.6%2.6%3.1%3.4%4.3%
Charity care cost-to-charge ratiounverified84.0%72.6%74.9%71.8%66.4%63.0%
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