OCEAN RIDGE POST ACUTE — financial and operating metrics

CCN 056378, LONG BEACH, CA · Medicare cost reports, FY2022–FY2024

Short reporting period. FY2022 (211 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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MetricFY2022
211d
FY2023FY2024
Total facility bedsunverified999999
Total bed days availableunverified20,98836,13536,234
Total inpatient daysunverified14,85831,67332,832
Total patient revenue (gross charges)unverified$7,922,101$16,625,496$23,036,680
Contractual allowances and discountsunverified$1,385,499$483,024$6,904,463
Net patient revenueunverified$6,536,602$16,142,472$16,132,217
Total operating expensesunverified$6,965,088$16,602,192$16,744,926
Net income from service to patientsunverified$-428,486$-459,720$-612,709
Net income (loss) for the periodunverified$-420,737$-457,097$-601,321
Operating marginunverified-6.6%-2.8%-3.8%
Occupancy rateunverified70.8%87.7%90.6%
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