▸ Cost Report · CCN 500154 · FY 2024
MULTICARE COVINGTON MEDICAL CENTER
COVINGTON, WA 98042 · Fiscal year ending 2024-12-31
$114.9M
TOTAL REVENUES
$10.4M
NET INCOME
9.1%
OPERATING MARGIN
2,588
DISCHARGES
01 — FINANCIAL
Financial summary
- Total revenues
- $114.9M
- Total costs
- $111.1M
- Net income
- $10.4M
- Operating margin
- 9.1%
- Total charges
- $243.9M
- Medicare charges
- $17.3M
- Medicaid charges
- —
- Charity care charges
- $16.8M
- Uncompensated care
- $13.2M
- Bad debt
- $6.4M
- Total assets
- $75.2M
- Total liabilities
- $26.0M
- Fund balance
- $49.2M
02 — UTILIZATION
Utilization
- Total beds
- 48
- Bed days available
- 17,568
- Total inpatient days
- 9,789
- Medicare inpatient days
- 2,056
- Medicaid inpatient days
- 167
- Total outpatient visits
- —
- Total discharges
- 2,588
- Total FTEs
- —
- Inpatient residents
- —
- Outpatient residents
- —
03 — HISTORY
Latest filing
| Fiscal year | Discharges | Revenue | Net income | Margin |
|---|---|---|---|---|
| 2024-12-31 | 2,588 | $114.9M | $10.4M | 9.1% |
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03b — TREND CHART
Revenue, costs, and net income by fiscal year
Multi-year P&L chart — visualize revenue, costs, and net income side-by-side across every filing.See Solo · $499/yr →
DISTRESS RADAR
Risk signals detected
Auto-flagged from 3-year trend on margin, volume, and bad debt
This hospital tripped 1 distress signal. Upgrade to see which signals fired and the underlying numbers.See Solo · $499/yr →
04 — PEER BENCHMARK
Peer cohort — WA Acute Care Hospitals
46 hospitals filing FY2024
- Median operating margin
- 0.1%
- 25th percentile margin
- -4.3%
- 75th percentile margin
- 5.8%
- Median discharges
- 8,682
- Median net income
- $1.5M
- Median bed count
- 173
05 — QUALITY (CMS CARE COMPARE)
CMS Care Compare quality measures
Sourced from data.cms.gov · refreshed monthly. CMS publishes these — we surface them.
Overall rating
3 / 5
- Emergency services
- Yes
- Mortality vs national avg
- Same as the national average
- Safety vs national avg
- Same as the national average
- Readmissions vs national avg
- Below the national average
- Patient experience vs national avg
- —
- Timely & effective vs national avg
- —
07a — MS-DRG MIX
Top inpatient DRGs by volume
Per CMS Medicare Inpatient Hospitals dataset (PY2022)
| DRG | Description | Discharges | Avg payment |
|---|---|---|---|
| 871 | SEPTICEMIA OR SEVERE SEPSIS WITHOUT MV >96 HOURS WITH MCC | 76 | $16K |
| 871 | SEPTICEMIA OR SEVERE SEPSIS WITHOUT MV >96 HOURS WITH MCC | 58 | $17K |
| 291 | HEART FAILURE AND SHOCK WITH MCC | 44 | $12K |
| 177 | RESPIRATORY INFECTIONS AND INFLAMMATIONS WITH MCC | 34 | $17K |
| 872 | SEPTICEMIA OR SEVERE SEPSIS WITHOUT MV >96 HOURS WITHOUT MCC | 31 | $10K |
| 291 | HEART FAILURE AND SHOCK WITH MCC | 30 | $11K |
| 193 | SIMPLE PNEUMONIA AND PLEURISY WITH MCC | 29 | $12K |
| 193 | SIMPLE PNEUMONIA AND PLEURISY WITH MCC | 28 | $12K |
| 177 | RESPIRATORY INFECTIONS AND INFLAMMATIONS WITH MCC | 24 | $14K |
| 872 | SEPTICEMIA OR SEVERE SEPSIS WITHOUT MV >96 HOURS WITHOUT MCC | 23 | $11K |
07 — MARKET (HSAF)
Top patient-origin ZIPs
Catchment based on CMS Hospital Service Area File (PY2022)
| ZIP | Cases | Bed days |
|---|---|---|
| 98042 | 299 | 1150 |
| 98042 | 225 | 818 |
| 98042 | 206 | 654 |
| 98042 | 170 | 592 |
| 98042 | 168 | 513 |
| 98038 | 101 | 370 |
| 98092 | 101 | 414 |
| 98002 | 100 | 439 |
| 98030 | 87 | 344 |
| 98038 | 84 | 362 |
CROSS-REFERENCE
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