County Profile for Covington - 2023



County Controls Information

Cost Report Counts Population
Total Hospital Count 2 Total Population on July 31, 2023 37,952
Total Cost Reports Filed in 2023 2 Total Births 418
Total Cost Reports Submitted 2 Total Deaths 653
Total Cost Reports Settled 0 Net Population Natural Change -235
Total Cost Reports Reopened 0 Total International Migration -1
Total Cost Reports Ammended 0 Total Domestic Migration 589
Total Cost Reports Audited 0 Total Residual -4
Net Population Change 349

County Financial Statements - Worksheet G

Balance Sheet Income Statement
Current Assets 5,831,306 Total Charges 71,969,508
Fixed Assets 9,400,370 Contract Allowance 51,908,765
Other Assets 236,100 Operating Revenue 20,060,743
Total Assets 15,467,776 Operating Expenses 70,729,943
Current Liabilities 2,026,947 Operating Margin -50,669,200
Long Term Liabilities 5,000,733 Other Income 4,337,744
Total Equity 8,440,096 Other Expense 0
Total Liabilities and Equity 15,467,776 Net Profit or Loss -46,331,456

County Calculations

Per Discharge Statistics Per Bed Statistics Per Person Statistics
Revenue per Discharge $5,667 Revenue per Bed $172,937 Revenue per Person $529
Net Margin per Discharge ($14,313) Net Margin per Bed ($436,803) Net Margin per Person ($1,335)
Net Profit per Discharge ($13,088) Net Profit per Bed ($399,409) Net Profit per Person ($1,221)
Net Fixed Assets per Discharge $2,655 Net Fixed Assets per Bed $81,038 Net Fixed Assets per Bed $248
Long Term Debt per Discharge $1,413 Long Term Debt per Bed $43,110 Long Term Debt per Person $132
Persons per Discharge 0 Persons per Bed 327
Occupancy Rate 30.2 %
Length of Stay 4 Days

County Ranking of Selected Values

Income Statement Balance Sheet Statistics
Total Charges 1,781 Net Fixed Assets 1,864 Population Estimate 1,230
Total Revenue 2,023 Long Term Liabilities 1,475 Total Patient Discharges 880
Net Margin 3,025 Total Patient Beds 775
Net Profit or Loss 3,207

County Charges and Direct Cost - Worksheet B and C

Line Description Direct Cost Charges Ratio
30 Adults and Pediatrics - General Routine Care 8,558,862 23,380,609 0.3661
31 Intensive Care Unit 3,069,954 9,071,931 0.3384
32 Coronary Care Unit 0 0
43 Nursery 565,365 421,510 1.3413
44 Skilled Nursing Care 0 0
50 Operating Room 6,677,209 44,754,619 0.1492
51 Recovery Room 286,104 2,954,521 0.0968
52 Labor and Delivery Room 1,183,795 3,085,443 0.3837

County General Service Cost - Worksheet A

Lines Description Amount Lines Description Amount
01 Capital Related - Building and Fixtures 2,175,881 13 Nursing Administration 1,115,065
02,03 Captial Related - Movable Equipment 1,382,028 14 Central Services and Supply 0
04 Employee Benefits 3,043,347 15 Pharmacy 0
05 Administrative and General 9,893,282 16 Medical Records and Medical Library 815,015
06 Maintenance and Repairs 0 17 Social Services 120,491
07 Operation of Plant 3,251,803 18 Other General Service Expense 0
08,09 Laundry, Linen and Housekeeping 1,062,783 19 Non Physician Anesthetist 0
10,11 Dietary and Cafeteria 1,708,553 20,21,22,23 Education Programs 0
Total General Service Cost Centers 24,568,248

County Profile for Covington - 2023