WELLSPRINGS OF GILBERT — financial and operating metrics

CCN 035285, GILBERT, AZ · Medicare cost reports, FY2022–FY2024

Short reporting period. FY2024 (213 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
213d
Total facility bedsunverified323232
Total bed days availableunverified11,68011,6806,848
Total inpatient daysunverified9,3558,9935,050
Total patient revenue (gross charges)unverified$6,607,845$6,443,216$4,290,390
Contractual allowances and discountsunverified$1,635,306$1,602,881$1,091,060
Net patient revenueunverified$4,972,539$4,840,335$3,199,330
Total operating expensesunverified$5,686,126$5,865,078$2,908,407
Net income from service to patientsunverified$-713,587$-1,024,743$290,923
Net income (loss) for the periodunverified$-707,711$-291,352$287,593
Operating marginunverified-14.4%-21.2%9.1%
Occupancy rateunverified80.1%77.0%73.7%
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