CCN 500003SKAGIT CountyGovernment - Hospital District or AuthorityUrban (USDA RUCC)125 bedsLatest FY 2024
Cost-report basis
HCRIS · as filed
Not audited by Astrelis
The read
A hospital in Mount Vernon, WA. It ran an operating loss of 1.4% in FY24 on $567.7M of operating revenue. It held 73 days of cash on hand (66th percentile among Urban PPS hospitals on liquidity). Operating margin improved from -14.3% in FY20 to -1.4% in FY24. Including nonoperating items, the all-in result was positive at 2.2%.
Operating margin · FY24
-1.4%
▲ 9.8 pts vs FY23
vs Urban PPS hospitals39th pctl of 2,562 (FY24)
Days cash on hand · FY24
73d
all sources
▼ 46.9 days vs FY23
vs Urban PPS hospitals66th pctl of 2,354 (FY24)
Total operating revenue · FY24
$567.7M
▲ 96.0 $M vs FY23
vs Urban PPS hospitals75th pctl of 2,608 (FY24)
Total margin · incl. nonoperating · FY24
+2.2%
▲ 9.3 pts vs FY23
vs Urban PPS hospitals36th pctl of 2,563 (FY24)
Benchmarked within its own FY24 pool (n=2,562); the Urban PPS hospital cohort's current year is FY25.
One point of operating margin at SKAGIT VALLEY HOSPITAL is about $5.7M per year (1% of FY24 total operating revenue).
Where SKAGIT VALLEY HOSPITAL sits among Urban PPS hospitals
Operating margin · FY24 pool · n = 2,562 of 2,681 filed
Each point is one Urban PPS hospital in the national distribution for this provider type, placed by operating margin. Facilities are not matched on size, case mix, or market — that is the matched-peer comparison in the paid benchmark. The Urban PPS hospital median is +2.0%. Descriptive context only, not a ranking.
Benchmarked within its own FY24 pool (n=2,562); the Urban PPS hospital cohort's current year is FY25.
One urban pps hospitalSKAGIT VALLEYUrban PPS hospital median
The money
$ thousands · HCRIS cost-report basis · as filed, QA-gated
Ratios tell you how this hospital is doing. Statements tell you what kind of organization it is, and where the money comes from. Every figure below traces to a public cost-report filing, shown as filed. A ratio renders only when every input is reported in the filing; a year missing its core lines is not shown; a year whose balance sheet does not reconcile is labeled. Not audited by Astrelis.
Net patient receivables ÷ (net patient revenue ÷ 365), same fiscal year
HCRIS WS G / G-3
$ in thousands
Line item
FY22
FY23
FY24
Patient revenue
414,260
467,022
553,411
Other operating revenue
4,185
4,692
14,328
Total operating revenue
418,444
471,714
567,739
Total operating expenses
488,616
524,775
575,873
Operating income
(70,172)
(53,061)
(8,134)
Operating margin %
-16.8%
-11.2%
-1.4%
Grants & contributions
930
1,880
—
Investment income
(998)
1,091
—
Other non-operating, net
30,005
14,632
21,266
Net income
(40,235)
(35,458)
13,132
Net income %
-9.0%
-7.2%
+2.2%
HCRIS Worksheet G-3 / S-3 · $ thousands · FY20–FY24 · FY20–21 may include COVID-era relief funding in nonoperating income
How it operates
quality & operational context · CMS public reporting
A 125-bed hospital at 86% occupancy 73% of patient revenue is outpatient.
The metrics this hospital type is judged on: care quality, patient experience, and scale. Each is labeled by evidence class and public source; descriptive context only, never a ranking or adequacy claim.
Scale and flow
Occupancy
86.1%
Verified fact2024
HCRIS WS S-3
Average daily census
107.96
Verified fact2024
HCRIS WS S-3
Staffed beds (acute)
125
Verified fact2024
HCRIS WS S-3
Annual discharges
7,969
Verified fact2024
HCRIS WS S-3
Average length of stay
4.9d
Verified fact2024
HCRIS WS S-3
Outpatient share of patient revenue
73.0%
Verified fact2024
HCRIS WS G-2 L28
Total FTEs
2,110
Verified fact2024
HCRIS WS S-3 Pt II
Contract labor share of labor cost
8.2%
Verified fact2024
HCRIS WS S-3 Pt V
Who it serves
Total unreimbursed & uncompensated care
$39.8M
Verified fact2023
HCRIS WS S-10 line 31
How the care measures up
C. difficile infection (SIR)
0.319
Better than the National Benchmark
CMS-reported measure07/01/2024 to 06/30/2025
CMS Care Compare
Hospital-wide unplanned readmission
14.6%
No Different Than the National Rate
CMS-reported measure07/01/2023 to 06/30/2024
CMS Care Compare
Medicare spending per beneficiary
0.92
CMS-reported measure01/01/2024 to 12/31/2024
CMS Care Compare
Patient-safety composite (PSI-90)
1.152301
CMS-reported measure07/01/2022 to 06/30/2024
CMS Care Compare
Trajectory
Cost-report basis · 5 reporting years
Operating margin
Days cash on hand
The county this hospital serves
SKAGIT County, WA · metro, under 250K
Median household income
$85.5K
vs $82.1K US · $59.7K rural median
Poverty rate
11.6%
vs 12.5% US · 14.3% rural median
Uninsured
6.6%
vs 8.6% US · 8.4% rural median
Age 65+
22.1%
vs 16.8% US · 20.6% rural median
Fair or poor health
16.7%
self-reported, adults · CDC PLACES
Primary-care shortage
Designated
HRSA HPSA
Economic context: 9.2% of county personal income is Medicare/Medicaid medical benefits; 22.0% arrives as government transfers (BEA, 2022).
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