REHABILITATION INSTITUTE OF MICHIGAN — financial and operating metrics

CCN 233027, DETROIT, 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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MetricFY2020FY2021FY2022FY2023FY2024FY2025
Total facility beds availableunverified686967676767
Total bed days availableunverified24,88825,18524,60524,45524,52224,455
Total facility dischargesunverified1,1731,049880760766846
Total facility inpatient daysunverified21,12718,53018,75415,27215,99516,533
Total patient revenue (gross charges)unverified$178,370,150$217,746,402$225,639,885$233,396,700$257,152,230$280,476,717
Contractual allowances and discountsunverified$110,678,870$142,307,107$156,644,619$166,857,135$182,729,116$200,773,586
Net patient revenueunverified$67,691,280$75,439,295$68,995,266$66,539,565$74,423,114$79,703,131
Total operating expensesunverified$66,298,657$71,008,573$71,287,035$69,748,596$71,826,813$74,956,812
Net income from service to patientsunverified$1,392,623$4,430,722$-2,291,769$-3,209,031$2,596,301$4,746,319
Net incomeunverified$5,519,709$12,510,971$-3,125,599$5,902,347$4,853,077$7,001,785
Operating marginunverified2.1%5.9%-3.3%-4.8%3.5%6.0%
Overall cost-to-charge ratiounverified37.2%32.6%31.6%29.9%27.9%26.7%
Occupancy rateunverified84.9%73.6%76.2%62.4%65.2%67.6%
Average length of stayunverified18.017.721.320.120.919.5
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