CCN 233026, 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 facility beds availableunverified | 119 | 133 | 133 | 119 | 139 | 139 |
| Total bed days availableunverified | 43,554 | 45,549 | 48,545 | 43,435 | 46,594 | 50,735 |
| Total facility dischargesunverified | 2,338 | 2,426 | 2,315 | 2,454 | 2,578 | 2,939 |
| Total facility inpatient daysunverified | 37,187 | 38,447 | 38,219 | 40,028 | 40,893 | 43,447 |
| Total patient revenue (gross charges)unverified | $196,459,295 | $211,517,799 | $220,247,715 | $241,163,156 | $231,316,724 | $329,913,561 |
| Contractual allowances and discountsunverified | $96,036,718 | $103,266,460 | $112,811,186 | $130,776,584 | $129,162,762 | $142,741,940 |
| Net patient revenueunverified | $100,422,577 | $108,251,339 | $107,436,529 | $110,386,572 | $102,153,962 | $187,171,621 |
| Total operating expensesunverified | $98,787,223 | $122,320,136 | $135,123,143 | $114,157,127 | $111,649,832 | $226,109,789 |
| Net income from service to patientsunverified | $1,635,354 | $-14,068,797 | $-27,686,614 | $-3,770,555 | $-9,495,870 | $-38,938,168 |
| Net incomeunverified | $7,806,647 | $30,533,076 | $8,343,130 | $-1,447,121 | $16,411,915 | $28,016,831 |
| Operating marginunverified | 1.6% | -13.0% | -25.8% | -3.4% | -9.3% | -20.8% |
| Overall cost-to-charge ratiounverified | 50.3% | 57.8% | 61.4% | 47.3% | 48.3% | 68.5% |
| Occupancy rateunverified | 85.4% | 84.4% | 78.7% | 92.2% | 87.8% | 85.6% |
| Average length of stayunverified | 15.9 | 15.8 | 16.5 | 16.3 | 15.9 | 14.8 |