THE PALAZZO — financial and operating metrics

CCN 035116, PHOENIX, AZ · Medicare cost reports, FY2022–FY2024

Short reporting period. FY2024 (96 days) covers less than a full year, usually because the facility 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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MetricFY2022FY2023FY2024
96d
Total facility bedsunverified606060
Total bed days availableunverified21,90021,9005,820
Total inpatient daysunverified16,28317,4424,599
Total patient revenue (gross charges)unverified$4,461,516$4,921,964$1,443,816
Contractual allowances and discountsunverified$31,854$83,552
Net patient revenueunverified$4,461,516$4,890,110$1,360,264
Total operating expensesunverified$6,684,416$7,365,373$2,318,221
Net income from service to patientsunverified$-2,222,900$-2,475,263$-957,957
Net income (loss) for the periodunverified$-2,848,744$-2,948,107$-950,715
Operating marginunverified-49.8%-50.6%-70.4%
Occupancy rateunverified74.4%79.6%79.0%
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