MIDNIGHT HEALTHCARE INC. — financial and operating metrics

CCN 056125, LONG BEACH, CA · Medicare cost reports, FY2022–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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MetricFY2022FY2023FY2024
Total facility bedsunverified949494
Total bed days availableunverified34,31031,39634,404
Total inpatient daysunverified25,90026,80331,467
Total patient revenue (gross charges)unverified$15,540,339$16,312,447$18,501,197
Contractual allowances and discountsunverified$2,521,872$1,994,038$1,477,569
Net patient revenueunverified$13,018,467$14,318,409$17,023,628
Total operating expensesunverified$14,971,086$12,992,741$15,178,826
Net income from service to patientsunverified$-1,952,619$1,325,668$1,844,802
Net income (loss) for the periodunverified$-1,551,277$1,326,806$1,850,132
Operating marginunverified-15.0%9.3%10.8%
Occupancy rateunverified75.5%85.4%91.5%
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