Hospital · Short-term acute hospital
Who owns Multicare Covington Medical Center?
17700 Se 272nd St · Covington, WA · 98042
Overview
Beds48
Discharges2,588cost report 2024
Occupancy56%inpatient days ÷ bed days
Employees (FTE)291
Multicare Covington Medical Center is a short-term acute hospital in Covington, Washington, operated by Multicare. King County has 24 hospitals, 44 nursing homes and 75 urgent care centers.
Ownership
Multicare Covington Medical Center is operated by Multicare.
- Operator
- Multicare
- Owner group
- Multicare
- Ownership type
- Private Nonprofit
- Sources
- CMS Hospital Enrollments and All Owners (PECOS): hospital ownership graph · 2026-10-25
- CMS record · 2024
- Company website · 2026-10-25
Ownership history
Every dated change of operator and owner for Multicare Covington Medical Center, with the source for each.
Full ownership tree of Multicare
Every entity between this facility and its ultimate owner, with ownership percentages and dates.
Finances
From the hospital's Medicare cost report, fiscal year ending 2024.
| Net patient revenue | $114.9M |
| Operating expenses | $111.1M |
| Net income | $10.4M |
| Net income as a share of net patient revenue | 9.1% |
| Uncompensated care cost | $6.6M |
| Charity care cost | $5.2M |
| Medicaid net revenue | $16.4M |
| Medicare disproportionate share percentage | 12.0% |
Payer mix by inpatient days (2024)
- Commercial and other 77.3%
- Medicare 21.0%
- Medicaid 1.7%
Services
Top inpatient services, Medicare (2024)
| Service | Discharges | Average total payment |
|---|---|---|
| Septicemia or severe sepsis without MV >96 hours with MCC · 871 | 76 | $16K |
| Septicemia or severe sepsis without MV >96 hours without MCC · 872 | 31 | $10K |
| Heart failure and shock with MCC · 291 | 30 | $11K |
| Simple pneumonia and pleurisy with MCC · 193 | 29 | $12K |
| Respiratory infections and inflammations with MCC · 177 | 24 | $14K |
Top outpatient services, Medicare (2024)
| Service | Services |
|---|---|
| Level 5 Urology and Related Services · 5375 | 31 |
| Comprehensive Observation Services · 8011 | 23 |
| Level 2 Excision/ Biopsy/ Incision and Drainage · 5072 | 21 |
| Level 4 Urology and Related Services · 5374 | 17 |
| Level 6 Musculoskeletal Procedures · 5116 | 15 |
Medicare fee-for-service only. Small counts are suppressed by CMS.
Location and market
- Address
- 17700 Se 272nd St · Covington, WA · 98042
- County
- King County
- State
- Washington
Hospitals in the county24
Nursing homes44
Urgent care centers75
Nearby hospitals
| Name | City | Distance |
|---|---|---|
| Multicare Auburn Medical Center | Auburn | 6.8 mi |
| Valley Medical Center & Clinics | Renton | 7.7 mi |
| St Francis Community Hospital | Federal Way | 11.2 mi |
| St Elizabeth Hospital | Enumclaw | 11.7 mi |
| Swedish Issaquah | Issaquah | 12.9 mi |
| Highline Medical Center | Burien | 13.0 mi |
Sources and identifiers
- Operator: CMS Hospital Enrollments and All Owners (PECOS): hospital ownership graph · CMS record · Company website
- Finances and payer mix: CMS hospital cost reports (HCRIS), fiscal year 2024
- Services: CMS Medicare inpatient and outpatient utilization
- Ownership type and beds: CMS Provider of Services file
- Location: CMS and Census Bureau geography
- CMS certification number
- 500154
- NPI
- 1326564071
- Last confirmed
- 2026-10-23
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