PRESTON MEMORIAL HOSPITAL — financial and operating metrics

CCN 511312, KINGWOOD, WV · Medicare cost reports, FY2020–FY2025

Short reporting period. FY2022 (183 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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MetricFY2020FY2021FY2022
183d
FY2023FY2024FY2025
Total facility beds availableunverified252525252525
Total bed days availableunverified9,1509,1259,1259,1259,1509,125
Total facility dischargesunverified469414468363550476
Total facility inpatient daysunverified2,7372,8952,6571,9432,4242,593
Total patient revenue (gross charges)unverified$62,445,963$67,772,530$78,806,092$90,807,898$104,046,657$117,822,636
Contractual allowances and discountsunverified$21,933,635$29,504,303$40,300,631$46,075,325$35,283,033
Net patient revenueunverified$40,512,328$67,772,530$49,301,789$50,507,267$57,971,332$82,539,603
Total operating expensesunverified$44,620,857$44,170,710$52,206,101$52,935,688$60,470,325$66,643,509
Net income from service to patientsunverified$-4,108,529$23,601,820$-2,904,312$-2,428,421$-2,498,993$15,896,094
Net incomeunverified$367,316$33,095,573$-2,114,242$1,140,398$3,003,494$24,005,327
Cost of uncompensated careunverified$1,798,172$1,479,953$2,367,808$2,002,569$2,716,142$2,959,342
Total facility bad debt expenseunverified$2,661,828$2,391,521$3,302,925$3,189,138$3,515,762$3,461,736
Charity care charges and uninsured discountsunverified$11,568$177,724$210,485$1,112,981$1,771,519
Cost of charity careunverified$7,204$150,459$165,307$668,137$1,182,875
Operating marginunverified-10.1%34.8%-5.9%-4.8%-4.3%19.3%
Overall cost-to-charge ratiounverified71.5%65.2%66.2%58.3%58.1%56.6%
Occupancy rateunverified29.9%31.7%29.1%21.3%26.5%28.4%
Average length of stayunverified5.87.05.75.44.45.4
Uncompensated care as % of operating expenseunverified4.0%3.4%4.5%3.8%4.5%4.4%
Charity care cost-to-charge ratiounverified62.3%84.7%78.5%60.0%66.8%
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