FAIRMONT REGIONAL MEDICAL CENTER — financial and operating metrics

CCN 510047, FAIRMONT, WV · Medicare cost reports, FY2017–FY2020

Short reporting period. FY2020 (90 days) covers less than a full year, usually because the hospital changed its fiscal year end, opened, closed or changed hands. Its totals are not comparable with the full years beside them, and no figure here has been scaled up to disguise that.

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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MetricFY2017FY2018FY2019FY2020
90d
Total facility beds availableunverified89897373
Total bed days availableunverified32,48532,48526,6456,643
Total facility dischargesunverified3,0392,8681,989395
Total facility inpatient daysunverified11,4169,5586,4221,294
Total patient revenue (gross charges)unverified$217,870,938$225,055,652$217,534,926$39,394,914
Contractual allowances and discountsunverified$157,527,545$157,770,897$161,244,233$26,097,946
Net patient revenueunverified$60,343,393$67,284,755$56,290,693$13,296,968
Total operating expensesunverified$68,025,747$69,885,625$66,137,270$13,976,321
Net income from service to patientsunverified$-7,682,354$-2,600,870$-9,846,577$-679,353
Net incomeunverified$-2,652,005$-781,453$-8,649,165$-533,174
Cost of uncompensated careunverified$1,018,804$2,209,653$1,674,138$343,886
Total facility bad debt expenseunverified$2,711,599$5,859,321$6,021,925$1,030,373
Charity care charges and uninsured discountsunverified$783,178$721,820$86,558$50,649
Cost of charity careunverified$201,978$587,340$23,033$15,920
Operating marginunverified-12.7%-3.9%-17.5%-5.1%
Overall cost-to-charge ratiounverified31.2%31.1%30.4%35.5%
Occupancy rateunverified35.1%29.4%24.1%19.5%
Average length of stayunverified3.83.33.23.3
Uncompensated care as % of operating expenseunverified1.5%3.2%2.5%2.5%
Charity care cost-to-charge ratiounverified25.8%81.4%26.6%31.4%
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