CCN 231698, BINGHAM FARMS, MI · Medicare cost reports, FY2022–FY2025
Short reporting period. FY2022 (205 days) covers less than a full year, usually because the hospice changed its fiscal year end, opened, closed or changed hands. Its totals are not comparable with the full years beside them, and no figure here has been scaled up to disguise that.
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 | FY2022 205d | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|
| Total patient revenue (gross charges)unverified | $722,758 | $3,985,605 | $4,601,172 | $4,407,192 |
| Contractual allowances and discountsunverified | $43,019 | — | — | $18,530 |
| Net patient revenueunverified | $679,739 | $3,985,605 | $4,601,172 | $4,388,662 |
| Total revenue, all sourcesunverified | $679,739 | $4,080,362 | $4,237,501 | $4,469,895 |
| Total operating expensesunverified | $285,413 | $2,685,185 | $2,591,357 | $2,993,319 |
| Net income (loss) for the periodunverified | $394,326 | $1,395,177 | $1,646,144 | $1,476,576 |
| Total hospice daysunverified | 4,382 | 24,099 | 27,299 | 24,871 |
| Operating marginunverified | 58.0% | 34.2% | 38.8% | 33.0% |