CCN 231570, GRAND RAPIDS, MI · Medicare cost reports, FY2020–FY2025
Unverified figures. Metrics marked unverified are derived from cost-report coordinates that have not yet been reconciled against audited financial statements. We show you which, rather than hiding it.
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| Metric | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|
| Total patient revenue (gross charges)unverified | $19,969,915 | $20,964,362 | $20,862,945 | $21,336,963 | $22,373,683 | $21,421,238 |
| Contractual allowances and discountsunverified | — | — | $81,331 | — | — | $410,133 |
| Net patient revenueunverified | $19,969,915 | $20,964,362 | $20,781,614 | $21,336,963 | $22,373,683 | $21,011,105 |
| Total revenue, all sourcesunverified | $24,563,804 | $26,235,825 | $24,643,843 | $27,365,031 | $29,367,779 | $30,561,024 |
| Total operating expensesunverified | $21,781,172 | $22,651,328 | $24,372,776 | $24,656,966 | $26,562,438 | $28,022,466 |
| Net income (loss) for the periodunverified | $2,782,632 | $3,584,497 | $271,067 | $2,708,065 | $2,805,341 | $2,538,558 |
| Total hospice daysunverified | 110,219 | 110,948 | 112,303 | 111,957 | 116,549 | 117,278 |
| Operating marginunverified | 11.3% | 13.7% | 1.1% | 9.9% | 9.6% | 8.3% |