ANDOVER FOREST POST ACUTE CARE — financial and operating metrics

CCN 225530, NORTH ANDOVER, MA · Medicare cost reports, FY2022–FY2024

Short reporting period. FY2023 (76 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
76d
FY2024
Total facility bedsunverified142164164
Total bed days availableunverified51,83012,62860,024
Total inpatient daysunverified43,7028,08639,839
Total patient revenue (gross charges)unverified$21,588,668$2,846,163$14,337,875
Contractual allowances and discountsunverified$8,535,147$-18,217$-105,769
Net patient revenueunverified$13,053,521$2,864,380$14,443,644
Total operating expensesunverified$13,519,869$2,667,335$13,487,946
Net income from service to patientsunverified$-466,348$197,045$955,698
Net income (loss) for the periodunverified$401,226$193,837$985,395
Operating marginunverified-3.6%6.9%6.6%
Occupancy rateunverified84.3%64.0%66.4%
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