CCN 231627, 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 | $9,814,911 | $11,291,010 | $13,350,172 | $14,177,951 | $13,771,437 | $14,173,314 |
| Contractual allowances and discountsunverified | $58,328 | $68,400 | $39,835 | $11,655 | $58,622 | $15,271 |
| Net patient revenueunverified | $9,756,583 | $11,222,610 | $13,310,337 | $14,166,296 | $13,712,815 | $14,158,043 |
| Total revenue, all sourcesunverified | $12,455,320 | $13,845,547 | $17,908,534 | $17,717,268 | $17,370,428 | $17,556,897 |
| Total operating expensesunverified | $8,973,753 | $9,253,173 | $12,402,503 | $11,607,248 | $11,359,924 | $11,590,189 |
| Net income (loss) for the periodunverified | $3,481,567 | $4,592,374 | $5,506,031 | $6,110,020 | $6,010,504 | $5,966,708 |
| Total hospice daysunverified | 63,319 | 70,033 | 82,826 | 86,625 | 82,180 | 83,283 |
| Operating marginunverified | 28.0% | 33.2% | 30.7% | 34.5% | 34.6% | 34.0% |