| GARRETT REGIONAL MEDICAL CENTER | Hospital POS Number | 210017 |
| 251 NORTH FOURTH ST. | Hospital Control | Nonprofit - Other |
| OAKLAND , MD 21550 | Hospital Type | General Short Term |
| Medicare Utilization | Full Util | |
| Hospital Location is Rural | ||
| Total Cost Report Beds 18 | ||
| Cost Report 774894 12/31/2023 for 365 Days | Cost Report Status is Submitted | Total POS Beds 0 |
| Financial KPI's | Operating KPI's | ||||
| Current Ratio | 3.8 | Patient Occupancy Percent | 71.7% | ||
| Days to Collect in AR | 157.4 Days | Avg Length of Stay (LOS) | 3.8 Days | ||
| Avg AP Payment Days | 49.1 Days | Medicare LOS | 3.5 Days | ||
| Days of Cash in Bank | 72.7 Days | Employee Avg Hourly Wages | $40.50 | ||
| Balance Sheet | Income Statement | ||||
| Current Assets | $45,053,491 | Total Charges | $108,992,035 | ||
| Fixed Assets | $21,108,175 | Contract Allowance | $26,955,949; | 24.7% | |
| Other Assets | $9,702,962 | Operating Revenue | $82,036,086 | 75.3% | |
| Total Assets | $75,864,628 | Operating Expenses | $72,886,548 | 88.8% | |
| Current Liabilities | $11,939,971 | Operating Margin | $9,149,538 | 11.2% | |
| Long Term Liabilities | $21,018,652 | Other Income | $3,960,257 | 4.8% | |
| Total Equity | $42,906,005 | Other Expense | $140,126 | 0.2% | |
| Total Liabilities and Equity | $75,864,628 | Net Profit or Loss | $12,969,669 | 15.8% | |
| Line | Account | Cost | Charges | Ratio |
| 30 | Adults and Pediatrics - General Routine Care | $8,431,691 | $11,152,694 | 0.7560 |
| 31 | Intensive Care Unit | $2,743,888 | $2,255,296 | 1.2166 |
| 32 | Coronary Care Unit | $0 | $0 | |
| 43 | Nursery | $580,329 | $828,040 | 0.7008 |
| 44 | Skilled Nursing Care | $2,700,396 | $629,318 | 4.2910 |
| 50 | Operating Room | $5,507,447 | $11,217,708 | 0.4910 |
| 51 | Recovery Room | $0 | $0 | |
| 52 | Labor and Delivery Room | $1,163,568 | $1,676,232 | 0.6942 |
| Lines | Description | Amount | Lines | Description | Amount |
| 01 | Capital Related - Building and Fixtures | $857,290 | 13 | Nursing Administration | $1,240,752 |
| 02,03 | Captial Related - Movable Equipment | $2,885,937 | 14 | Central Services and Supply | $802,366 |
| 04 | Employee Benefits | $5,258,303 | 15 | Pharmacy | $4,197,523 |
| 05 | Administrative and General | $9,663,036 | 16 | Medical Records and Medical Library | $574,901 |
| 06 | Maintenance and Repairs | $0 | 17 | Social Services | $606,018 |
| 07 | Operation of Plant | $2,693,479 | 18 | Other General Service Expense | $0 |
| 08,09 | Laundry, Linen and Housekeeping | $1,300,165 | 19 | Non Physician Anesthetist | $0 |
| 10,11 | Dietary and Cafeteria | $1,153,698 | 20,21,22,23 | Education Programs | $0 |
| Total General Service Cost Centers | $31,233,468 |