COBALT REHAB HOSPITAL SURPRISE — financial and operating metrics

CCN 033039, SURPRISE, AZ · Medicare cost reports, FY2019–FY2024

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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MetricFY2019FY2020FY2021FY2022FY2023FY2024
Total facility beds availableunverified404040404040
Total bed days availableunverified14,60014,60014,60014,60014,60014,640
Total facility dischargesunverified7726946486598791,015
Total facility inpatient daysunverified9,1969,0297,5108,70910,16112,834
Total patient revenue (gross charges)unverified$32,118,587$29,726,519$22,636,727$31,263,137$43,485,322$54,484,510
Contractual allowances and discountsunverified$17,461,002$15,556,366$11,286,333$16,412,487$23,110,075$28,061,699
Net patient revenueunverified$14,657,585$14,170,153$11,350,394$14,850,650$20,375,247$26,422,811
Total operating expensesunverified$12,678,071$10,379,843$12,668,601$13,950,056$17,295,346$19,486,954
Net income from service to patientsunverified$1,979,514$3,790,310$-1,318,207$900,594$3,079,901$6,935,857
Net incomeunverified$2,014,258$3,801,158$-774,162$1,255,917$3,314,382$7,359,490
Operating marginunverified13.5%26.7%-11.6%6.1%15.1%26.2%
Overall cost-to-charge ratiounverified39.5%34.9%56.0%44.6%39.8%35.8%
Occupancy rateunverified63.0%61.8%51.4%59.7%69.6%87.7%
Average length of stayunverified11.913.011.613.211.612.6
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