Draft Almanac release · Independent analysis by CRWDHEALTH · Not endorsed by CHCF
Hospital explorer/GOLETA VALLEY COTTAGE HOSPITAL

HCAI facility 106420483

GOLETA VALLEY COTTAGE HOSPITAL

351 S. PATTERSON AVENUE · SANTA BARBARA · Santa Barbara County · 93111

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Licensed beds48
Acute beds48
Occupancy33.6%
Adjusted discharges4.9K
Cost / adjusted discharge$21.5K
Operating revenue$130.5M
Operating margin18.9%
Net income$40.5M
Cash$38.5M
Current ratio7.93
Net long-term debt$420.5K
Hospital FTEs264

Identity and period

Control
Non-Profit
System
COTTAGE HEALTH
Owner
GOLETA VALLEY COTTAGE HOSPITAL
Reporting period
2024-01-01 to 2024-12-31
Days reported
366
ER designation
Not reported

Utilization

Outpatient visits
69,377
ER visits
24,885
Average length of stay
2.59 days
Inpatient surgeries
613
Outpatient surgeries
2,215
Births
0

Financial performance

Operating expense
$105.8M
Cost / adjusted discharge
$21.5K
Net from operations
$24.7M
Net income margin
27.7%
Days in receivables
102.67
Charity + bad debt charges
$5M

Capacity, reserves and labor

Beds, liquidity and workforce

Cash, assets limited as to use and other investments are shown separately and are not combined into a days-cash figure. Restrictions on their use and system-level reporting vary.

Licensed bed mix

Acute
48
Psychiatric
0
Chemical dependency
0
Rehabilitation
0
Long-term care
0
Residential
0

Liquidity and capital

Cash
$38.5M
Assets limited as to use
$0
Investments + other assets
$53.7M
Current assets
$167.7M
Current liabilities
$21.2M
Equity
$311M

Workforce

Hospital FTEs
264
Student FTEs
0
Productive hours
502.2K
Paid hours
559.8K
RN productive hours
125.5K
Contract RN hours
7K

Payer accounting

Net revenue versus allocated expense

HCAI allocates operating expense to broad payer groups. The difference is an accounting result and does not measure payer profitability.

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Payer groupNet patient revenueAllocated operating expenseRevenue less expense
Medicare$34M$53.6M-$19.6M
Medi-Cal$5.9M$16.9M-$11.1M
County indigent$0$0$0
Commercial / other third party$89.2M$32.1M$57.1M
Other$753.1K$2.5M-$1.7M

Linked public evidence

Quality, spending, and current context

Each measure keeps its source period and definition. Missing records are left blank.

CMS + HCAI quality

CMS overall rating
5 / 5
HCAHPS definitely recommend
85%
SEP-1 appropriate sepsis care
73%
ED median time
149 min
HRRP ratios above 1 / reported
0 / 3
IMI better / expected / worse
0 / 3 / 0

OHCA 2023 spending

Third-party IP NPR / CMAD
$32.8K
Medicare IP NPR / CMAD
$8.8K
Medi-Cal IP NPR / CMAD
$7.8K
Third-party OP NPR / adjusted visit
$271.3
Medicare OP NPR / adjusted visit
$63.8
Medi-Cal OP NPR / adjusted visit
$121.7

2026 Q1 liquidity + identifiers

Days cash on hand
512.57 days
Liquid reserve assets
$154.9M
Quarter operating margin
19.5%
Quarter current ratio
10.62
Quarter discharges
280
AHRQ system
Cottage Health System

Notes: CMS quality records are linked by Medicare certification number (CCN). An excess readmission ratio above 1 means more readmissions than expected for that condition. NPR per CMAD (net patient revenue per case-mix-adjusted discharge) measures spending, not negotiated prices. 2026 Q1 days cash uses HCAI's liquid-reserve formula and may reflect system-level reporting. Review the quality and spending workspace for comparison populations and downloads.

Figures reflect the facility's reported period and primary HCAI source fields. See methodology for formulas and limitations.