Dexur’s analysts studied Medicare Claims data for revenue per day variance and found that Morristown Medical Center, NJ, saw an increase in its inpatient revenue by 15.74%, from $2,597 in Q3 2016 to $3,006 in Q3 2019. Morristown Medical Center’s revenue increase for the given time period is more than the national and state average. In the United States, the revenue increased by 17.13% from Q3 2016 to Q3 2019, with a revenue surge of $2,365 from $2,019. In New Jersey, the revenue increased by 16.9% in the five year period from $1,946 to $2,275. The graph below shows the change in revenue for Morristown Medical Center from Q3 2016 to Q3 2019.

Morrison Medical Center generated a revenue of $53,537,223 from medicare payments for the 3rd quarter of 2019, which constitutes 6.1% of the total inpatient revenue in New Jersey. The per-day revenue was calculated for 3,530 hospitalizations out of 69,780 in New Jersey. The payment per hospitalization of Morristown Medical Center $15,166 is greater than New Jersey’s payment per hospitalization at $12,559. Morrison Medical Center increased its revenue per day by 5.88% from Q2 2019 to Q3 2019.

Morrison Medical Center’s inpatient revenue per day for cardiovascular diseases, at $4,478, is also notably higher than the national and state numbers of $3,218 and $3,126, respectively. A large portion of the revenue generated in cardiovascular came from hospitalizations for heart failure and shock, endovascular procedures, and cardiac arrhythmia and conduction disorders. The hospital also edges ahead in orthopedics, where its revenue per day is $4,209, as compared to $2,877 and $2,920, the national and state numbers, respectively. Hospitalization with conditions of major hip and joint replacement, disease back problems, and hip and femur procedures factored in the most revenue for pulmonology.

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Morrison Medical Center’s total hospitalizations, total users, total Medicare payments, payment per day, payment per hospitalization, total medicare charges, and average charges data evaluated for Revenue Per Day for the following conditions: