PALMS CARE CENTER AND REHAB — financial and operating metrics

CCN 105336, LAUDERDALE LAKES, FL · Medicare cost reports, FY2022–FY2024

Short reporting period. FY2023 (152 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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MetricFY2022FY2023
152d
FY2024
Total facility bedsunverified120120120
Total bed days availableunverified43,80018,36043,920
Total inpatient daysunverified40,85817,79242,318
Total patient revenue (gross charges)unverified$25,907,531$11,576,302$15,417,356
Contractual allowances and discountsunverified$12,908,681$5,857,015$1,062,770
Net patient revenueunverified$12,998,850$5,719,287$14,354,586
Total operating expensesunverified$12,227,973$5,567,244$13,576,628
Net income from service to patientsunverified$770,877$152,043$777,958
Net income (loss) for the periodunverified$1,155,459$152,236$777,630
Operating marginunverified5.9%2.7%5.4%
Occupancy rateunverified93.3%96.9%96.4%
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