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Provider Information

LAWRENCE & MEMORIAL HOSPITAL Hospital POS Number 070007
365 MONTAUK AVENUE Hospital Control Nonprofit - Other
NEW LONDON , CT 06320 Hospital Type General Short Term
NEW LONDON Medicare Utilization Full Util
Hospital Location is Rural
Total Cost Report Beds 203
Cost Report 795407 9/30/2023 for 365 Days Cost Report Status is Amended Total POS Beds 0

Key Performance Indicators (KPI)

Financial KPI's Operating KPI's
Current Ratio 2.1 Patient Occupancy Percent 74.4%
Days to Collect in AR 110.2 Days Avg Length of Stay (LOS) 5.3 Days
Avg AP Payment Days 34.2 Days Medicare LOS 6.2 Days
Days of Cash in Bank 9.8 Days Employee Avg Hourly Wages $45.36

Financial Statements - Worksheet G

Balance Sheet Income Statement
Current Assets $182,819,841 Total Charges $1,401,695,306
Fixed Assets $0 Contract Allowance $950,133,572; 67.8%
Other Assets $0 Operating Revenue $451,561,734 32.2%
Total Assets $182,819,841 Operating Expenses $468,963,139 103.9%
Current Liabilities $85,457,656 Operating Margin ($17,401,405) -3.9%
Long Term Liabilities $3,550,000 Other Income $22,407,040 5.0%
Total Equity $93,812,185 Other Expense $0 0.0%
Total Liabilities and Equity $182,819,841 Net Profit or Loss $5,005,635 1.1%

Cost to Charge - Worksheet B and C

Line Account Cost Charges Ratio
30 Adults and Pediatrics - General Routine Care $80,725,763 $120,168,032 0.6718
31 Intensive Care Unit $13,293,209 $21,306,697 0.6239
32 Coronary Care Unit $7,962,892 $11,492,157 0.6929
43 Nursery $2,761,477 $4,789,094 0.5766
44 Skilled Nursing Care $0 $0
50 Operating Room $32,805,793 $76,584,470 0.4284
51 Recovery Room $2,900,336 $26,579,603 0.1091
52 Labor and Delivery Room $8,962,553 $15,347,771 0.5840

General Service Cost - Worksheet A

Lines Description Amount Lines Description Amount
01 Capital Related - Building and Fixtures $5,590,450 13 Nursing Administration $3,203,861
02,03 Captial Related - Movable Equipment $9,859,318 14 Central Services and Supply $333,211
04 Employee Benefits $49,918,758 15 Pharmacy $38,752,853
05 Administrative and General $91,376,797 16 Medical Records and Medical Library $2,488,151
06 Maintenance and Repairs $5,439,801 17 Social Services $3,907,241
07 Operation of Plant $9,631,969 18 Other General Service Expense $0
08,09 Laundry, Linen and Housekeeping $5,081,972 19 Non Physician Anesthetist $0
10,11 Dietary and Cafeteria $5,829,879 20,21,22,23 Education Programs $352,821
Total General Service Cost Centers $231,767,082

Hospital Profile -