Hospital Profile -


Provider Information

FRANKLIN MEMORIAL HOSPITAL Hospital POS Number 200037
111 FRANKLIN HEALTH COMMONS Hospital Control Nonprofit - Other
FARMINGTON , ME 04938 Hospital Type General Short Term
FRANKLIN Medicare Utilization Full Util
Hospital Location is Rural
Total Cost Report Beds 37
Cost Report 765343 9/30/2023 for 365 Days Cost Report Status is Submitted Total POS Beds 0

Key Performance Indicators (KPI)

Financial KPI's Operating KPI's
Current Ratio 2.1 Patient Occupancy Percent 52.8%
Days to Collect in AR 86.9 Days Avg Length of Stay (LOS) 4.5 Days
Avg AP Payment Days 23.1 Days Medicare LOS 4.3 Days
Days of Cash in Bank 0.0 Days Employee Avg Hourly Wages $45.42

Financial Statements - Worksheet G

Balance Sheet Income Statement
Current Assets $31,836,418 Total Charges $288,689,167
Fixed Assets $26,729,435 Contract Allowance $172,919,858; 59.9%
Other Assets $4,240,313 Operating Revenue $115,769,309 40.1%
Total Assets $62,806,166 Operating Expenses $129,147,007 111.6%
Current Liabilities $14,844,907 Operating Margin ($13,377,698) -11.6%
Long Term Liabilities $7,484,149 Other Income $16,354,178 14.1%
Total Equity $40,477,110 Other Expense $0 0.0%
Total Liabilities and Equity $62,806,166 Net Profit or Loss $2,976,480 2.6%

Cost to Charge - Worksheet B and C

Line Account Cost Charges Ratio
30 Adults and Pediatrics - General Routine Care $12,545,638 $20,134,280 0.6231
31 Intensive Care Unit $1,891,773 $2,246,840 0.8420
32 Coronary Care Unit $0 $0
43 Nursery $1,376,568 $1,291,450 1.0659
44 Skilled Nursing Care $0 $0
50 Operating Room $9,328,001 $30,715,421 0.3037
51 Recovery Room $0 $0
52 Labor and Delivery Room $232,762 $457,239 0.5091

General Service Cost - Worksheet A

Lines Description Amount Lines Description Amount
01 Capital Related - Building and Fixtures $2,299,002 13 Nursing Administration $1,291,735
02,03 Captial Related - Movable Equipment $3,163,200 14 Central Services and Supply $458,487
04 Employee Benefits $12,298,871 15 Pharmacy $3,544,795
05 Administrative and General $23,545,058 16 Medical Records and Medical Library $130,316
06 Maintenance and Repairs $1,705,859 17 Social Services $349,491
07 Operation of Plant $1,327,845 18 Other General Service Expense $0
08,09 Laundry, Linen and Housekeeping $1,505,681 19 Non Physician Anesthetist $0
10,11 Dietary and Cafeteria $1,076,137 20,21,22,23 Education Programs $0
Total General Service Cost Centers $52,696,477

Hospital Profile -