Instituto Medico Del Norte Inc is a 125-bed hospital in Vega Baja, PR. Below you'll find publicly disclosed negotiated rates and facility details, including 3 in-network payers and 20 disclosed rate categories.
Disproportionate share hospital
CCN
400115
NPI
1154309169
Teaching
No Medicare-funded residents
County
Vega Baja Municipio
Metro area
San Juan-Bayamon-Caguas, PR MSA
Medicare contractor
Jurisdiction N, First Coast Service Options (09001)
In Medicare since
1986
Last CMS survey
2025
Negotiated Rates
The data below comes from CMS-mandated price transparency data. Learn more.
Rates shown are negotiated amounts between this hospital and insurance providers. Actual patient costs depend on your insurance plan and coverage details.
What Instituto Medico Del Norte Inc reported to Medicare in its latest cost report, covering Jan 1, 2024 to Dec 31, 2024.
3,805
Inpatient discharges
Medicare 5%, Medicaid 42%
20,399
Inpatient days
61% of available bed days used
339
Employees (full-time equivalent)
Source: CMS cost report (HCRIS) (report 842234). Figures cover the reporting period, which is not always 12 months, and are self-reported.
Utilization by payer and unit
Inpatient days and discharges Instituto Medico Del Norte Inc reported by payer. Medicare and Medicaid include their managed care plans, shown separately below.
Medicare
Medicaid
Other
Total
Inpatient days
1,262
7,157
11,980
20,399
Discharges
188
1,616
2,001
3,805
Average length of stay
6.7 days
4.4 days
6.0 days
5.4 days
Average daily census
3.4
19.6
32.7
55.7
6,511
Medicare Advantage days
1,054 discharges
Beds and days by unit
Unit
Beds
Inpatient days
Medicare days
Occupancy
Adults & pediatrics
82
17,670
1,092
59%
Intensive care unit
10
2,729
170
75%
Skilled nursing facility
33
8,458
185
70%
Source: CMS cost report (HCRIS, Form 2552-10), report 842234, as submitted. Hospitals report these figures themselves; they are not audited financial statements. Worksheet S-3 Part I.
Where patients come from
ZIP codes with the most Medicare inpatient stays at Instituto Medico Del Norte Inc in 2025. Market share is this hospital's part of every hospital's Medicare stays from the ZIP code. Its published Medicare stays went from 453 in 2020 to 713 in 2025.
ZIP code
Stays
Of this hospital's stays
Days
Charges
Market share
Share in 2020
00693
363
51%
2,411
$5.9M
19%
18%
00692
147
21%
950
$2.4M
12%
10%
00694
74
10%
433
$1.1M
18%
17%
00646
44
6%
324
$819,501
4%
4%
00687
36
5%
187
$480,171
3%
00674
22
3%
110
$289,917
1%
00783
15
2%
121
$275,057
2%
2%
00638
12
2%
45
$107,996
1%
Source: CMS Hospital Service Area file. Shares are of the 713 stays from ZIP codes CMS publishes; it omits ZIP codes with fewer than 11 stays, so market shares count published stays only.
Staff and facilities
Staff by profession and the rooms and units Instituto Medico Del Norte Inc reported at its latest Medicare certification survey (2025). Counts are people, not full-time equivalents.
24 clinicians who bill Medicare list Instituto Medico Del Norte Inc as a hospital affiliation. Book a demo to see the commercial rates insurers publish for them, or start a free trial.
Source: CMS Doctors and Clinicians facility affiliations, released 2026-10-15, with names and specialties from NPPES. Affiliation means the clinician bills Medicare for care at this hospital; it is not employment.
Income statement
Revenue, expenses and income Instituto Medico Del Norte Inc reported to Medicare for Jan 1, 2024 to Dec 31, 2024. Percentages are of net patient revenue.
Line
Amount
Share
Gross patient revenue (charges)
$107.2M
252.7%
Inpatient
$61.8M
145.6%
Outpatient
$45.5M
107.1%
Contractual allowances and discounts
-$64.8M
-152.7%
Net patient revenue
$42.4M
100.0%
Operating expenses
-$39.6M
-93.3%
Operating income from patient care
$2.8M
6.7%
Other income
$1.9M
4.5%
Investment income
$1,480
0.0%
Other
$1.9M
4.5%
Net income
$4.7M
11.2%
Gross revenue by payer
Line
Amount
Share
Traditional Medicare
$1.3M
1.2%
Other payers and self-pay
$105.9M
98.8%
Total charges
$107.2M
100.0%
Source: CMS cost report (HCRIS, Form 2552-10), report 842234, as submitted. Hospitals report these figures themselves; they are not audited financial statements. Traditional Medicare is the program charges on Worksheets D-3 and D Part V; Medicaid is from Worksheet S-10.
Financial ratios
Computed from Instituto Medico Del Norte Inc's latest cost report.
6.7%
Operating margin
Operating income from patient care / net patient revenue
10.7%
Total margin
Net income / net patient revenue plus other income
13.3%
EBITDAR margin
Net income before interest, depreciation and leases (Worksheet A-7), / total revenue
Adjusted salaries / paid hours (Worksheet S-3 Part II)
17.1%
Return on assets
Net income for a year / total assets
161.0%
Return on equity
Net income for a year / fund balance
0.99
Current ratio
Current assets / current liabilities
0.76
Quick ratio
Cash, temporary investments and net receivables / current liabilities
5 days
Days cash on hand
Cash and temporary investments / daily operating expenses excluding depreciation
116 days
Days in patient receivables
Net patient receivables / daily net patient revenue
173 days
Average payment period
Current liabilities / daily operating expenses excluding depreciation
1.60
Asset turnover
Total revenue for a year / total assets
25.4 years
Average age of plant
Accumulated depreciation / depreciation for a year
Source: CMS cost report (HCRIS, Form 2552-10), report 842234, as submitted. Hospitals report these figures themselves; they are not audited financial statements.
Balance sheet
What Instituto Medico Del Norte Inc owned and owed at the end of its reporting period (Dec 2024), across all fund types: $27.7M in total assets and a $2.9M fund balance.
Show the balance sheetHide the balance sheet
Line
Amount
Of total assets
Cash and temporary investments
$566,593
2.0%
Patient receivables, net
$13.4M
48.5%
Inventory
$1.8M
6.4%
Total current assets
$18.2M
65.9%
Property and equipment, net of depreciation
$6.7M
24.2%
Investments and other assets
$2.7M
9.9%
Total assets
$27.7M
100.0%
Current liabilities
$18.4M
66.5%
Total liabilities
$24.7M
89.4%
Fund balance (net assets)
$2.9M
10.6%
Source: CMS cost report (HCRIS, Form 2552-10), report 842234, as submitted. Hospitals report these figures themselves; they are not audited financial statements.
Charity care and uncompensated care
Care Instituto Medico Del Norte Inc provided without full payment, as reported on Worksheet S-10 of its cost report.
$1.4M
State and local indigent care shortfall
Cost of indigent care program patients minus program payments
$1.4M
Total unreimbursed and uncompensated care
3.5% of operating expenses
Medicaid, CHIP and indigent care shortfalls plus charity care and the cost of bad debt (Worksheet S-10 line 31)
Source: CMS cost report (HCRIS, Form 2552-10), report 842234, as submitted. Hospitals report these figures themselves; they are not audited financial statements.
Financial trend
Instituto Medico Del Norte Inc's full-year cost reports, by fiscal year end. Reports shorter than ten months are left out.
Show 6 yearsHide 6 years
Fiscal year ending
Dec 2019
Dec 2020
Dec 2021
Dec 2022
Dec 2023
Dec 2024
Net patient revenue
$27.9M
$23.7M
$30.9M
$37.6M
$37.3M
$42.4M
Operating expenses
$30.8M
$23.7M
$33.9M
$35.5M
$37.8M
$39.6M
Operating margin
-10.2%
-0.3%
-9.9%
5.6%
-1.1%
6.7%
Net income
$541,995
$675,802
$1.6M
$2.8M
$885,603
$4.7M
Total assets
$12.7M
$16.6M
$18.8M
$21.2M
$19.8M
$27.7M
Discharges
2,374
1,837
2,005
3,330
3,598
3,805
Inpatient days
15,463
13,334
14,825
19,989
20,963
20,399
Medicare Advantage days
5,766
3,095
4,885
7,359
8,433
6,511
Beds
120
120
120
132
131
125
Employees (FTE)
313
327
268
303
339
339
Source: CMS cost report (HCRIS, Form 2552-10), report 842234, as submitted. Hospitals report these figures themselves; they are not audited financial statements.
Departments
Each cost center Instituto Medico Del Norte Inc reports, largest first. Total cost includes its share of overhead; the cost-to-charge ratio is total cost / charges.
Show all 23 departmentsHide all 23 departments
Ancillary and outpatient departments
Department
Salaries
Total cost
Charges
Cost-to-charge
Square feet
Emergency
$876,761
$5M
$14.3M
0.35
6,412
Operating room
$716,661
$3.2M
$10.5M
0.31
14,075
Medical supplies charged to patient
$2.9M
$1.8M
1.67
Drugs charged to patients
$208,698
$2.9M
$8.1M
0.36
3,130
Radiology-diagnostic
$860,370
$2.2M
$12.5M
0.17
3,969
Laboratory
$608,068
$2.1M
$8.7M
0.24
2,100
Respiratory therapy
$327,730
$992,127
$3.8M
0.26
636
Physical therapy
$449,273
$958,254
$6.6M
0.15
3,708
Wound care
$372,386
$919,124
$4M
0.23
4,500
Impl. dev. charged to patients
$335,138
$664,500
0.50
Inpatient units
Department
Salaries
Total cost
Charges
Cost-to-charge
Square feet
Adults & pediatrics
$1.5M
$7.4M
$27.1M
0.27
21,638
Skilled nursing facility
$907,020
$3.4M
$3.7M
0.92
6,996
Intensive care unit
$559,730
$1.4M
$5.5M
0.26
2,928
Overhead (general service) departments
Department
Salaries
Direct cost
Paid hours
Average hourly wage
Square feet
Administrative & general
$2.6M
$10.7M
151,186
$17.12
36,387
Operation of plant
$281,929
$1.7M
21,803
$12.93
4,312
Nursing administration
$939,844
$1.5M
45,820
$20.51
2,105
Cap rel costs-mvble equip
$891,840
Cafeteria
$39,173
$669,248
6,352
$6.17
1,036
Housekeeping
$437,864
$602,274
37,591
$11.65
Medical records & library
$469,021
$589,868
30,957
$15.15
3,026
Cap rel costs-bldg & fixt
$292,276
120,599
Dietary
$348,138
$199,020
28,290
$12.31
2,797
Social service
$76,341
$84,013
2,738
$27.89
162
Source: CMS cost report (HCRIS, Form 2552-10), report 842234, as submitted. Hospitals report these figures themselves; they are not audited financial statements. Worksheets A, B-1, C Part I and S-3 Part II.
Medicare payment profile
The factors Medicare uses to set what it pays Instituto Medico Del Norte Inc for an inpatient stay.
1.27
Case mix index
Higher than 10% of hospitals paid under Medicare IPPS
Average Medicare DRG weight of its inpatient cases (FY 2027); higher means more complex, costlier care.
No Medicare-funded residents
Teaching status
Medicare-funded interns and residents per bed (FY 2027).
35.6%
Low-income patient share
Disproportionate share percentage: Medicaid and SSI patient days CMS uses for safety-net payments (FY 2027).
212
Medicare inpatient stays
Medicare claims CMS based FY 2027 payment rates on.
Urban (metro area)
Location type
Geographic area CMS assigns before any wage index reclassification (FY 2027).
Show FY 2021 to FY 2027Hide FY 2021 to FY 2027
IPPS fiscal year
FY 2021
FY 2022
FY 2023
FY 2024
FY 2025
FY 2026
FY 2027
Case mix index
1.42
1.42
1.96
1.52
1.36
1.18
1.27
Wage index
0.624
0.616
0.614
0.613
0.583
0.554
0.526
Medicare inpatient stays
158
158
124
127
198
176
212
Source: CMS IPPS final rule Impact File (FY 2027).
Hospital-based units
Hospital-based units with their own Medicare certification
About Instituto Medico Del Norte Inc's rates and hospital price transparency.
Is Instituto Medico Del Norte Inc a teaching hospital?
CMS reports no Medicare-funded interns or residents at Instituto Medico Del Norte Inc for fiscal year 2027.
What is Instituto Medico Del Norte Inc's case mix index?
Instituto Medico Del Norte Inc's Medicare case mix index is 1.27 for fiscal year 2027, higher than 10% of hospitals paid under the inpatient prospective payment system.
How many patients does Instituto Medico Del Norte Inc admit?
Instituto Medico Del Norte Inc reported 3,805 inpatient discharges and 20,399 inpatient days from Jan 1, 2024 to Dec 31, 2024.
How many employees does Instituto Medico Del Norte Inc have?
Instituto Medico Del Norte Inc reported 339 full-time-equivalent employees on payroll from Jan 1, 2024 to Dec 31, 2024.
How much revenue does Instituto Medico Del Norte Inc make?
Instituto Medico Del Norte Inc reported $42.4M in net patient revenue on $107.2M of gross charges for Jan 1, 2024 to Dec 31, 2024, an operating margin of 6.7%, and net income of $4.7M.
How much charity and uncompensated care does Instituto Medico Del Norte Inc provide?
Instituto Medico Del Norte Inc reported $1.4M of unreimbursed and uncompensated care for Jan 1, 2024 to Dec 31, 2024.
How many doctors are affiliated with Instituto Medico Del Norte Inc?
24 clinicians who bill Medicare list Instituto Medico Del Norte Inc as a hospital affiliation in CMS's Doctors and Clinicians data. The largest groups are general practice physician (7), family medicine physician (4), internal medicine physician (2).
Is Instituto Medico Del Norte Inc accredited?
CMS's Provider of Services file lists no accrediting organization for Instituto Medico Del Norte Inc; it is certified for Medicare through state survey.
Where do Instituto Medico Del Norte Inc's patients come from?
In CMS's 2025 Hospital Service Area file, the most Medicare inpatient stays at Instituto Medico Del Norte Inc came from ZIP codes 00693 (363), 00692 (147), 00694 (74).
How many beds does Instituto Medico Del Norte Inc have?
Instituto Medico Del Norte Inc has 125 beds, including its psychiatric, rehabilitation and other subprovider units, in its latest Medicare cost report. 130 are Medicare-certified beds in CMS's Provider of Services file.
Where is Instituto Medico Del Norte Inc and what is its phone number?
Instituto Medico Del Norte Inc is located at Vega Baja, PR.
What is Instituto Medico Del Norte Inc's CCN (Medicare provider number)?
Instituto Medico Del Norte Inc's CMS Certification Number (CCN), also called its Medicare provider number, is 400115.
What is Instituto Medico Del Norte Inc's NPI number?
The National Provider Identifier (NPI) on file for Instituto Medico Del Norte Inc is 1154309169.
Which insurance plans are in network at Instituto Medico Del Norte Inc?
Instituto Medico Del Norte Inc lists 3 in-network payers, including BCBS, Kaiser Permanente, Triple-S Salud, and is Medicare-certified. Insurance acceptance may vary by plan, so confirm coverage with your insurer or the hospital's billing department.
What price transparency data is available for Instituto Medico Del Norte Inc?
20 disclosed rate categories. Each shows the payer, category, code type and group with its code range, and contract type, along with how the rate compares with the state average.
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