OCEANA MEDICAL CARE FACILITY — financial and operating metrics

CCN 235002, HART, MI · 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 bedsunverified115115115
Total bed days availableunverified37,88341,97542,090
Total inpatient daysunverified28,15428,85729,834
Total patient revenue (gross charges)unverified$14,412,609$16,156,483$20,076,292
Contractual allowances and discountsunverified$1,752,843$820,521$2,014,978
Net patient revenueunverified$12,659,766$15,335,962$18,061,314
Total operating expensesunverified$18,812,382$20,911,791$21,986,872
Net income from service to patientsunverified$-6,152,616$-5,575,829$-3,925,558
Net income (loss) for the periodunverified$-2,287,133$-1,644,603$431,021
Operating marginunverified-48.6%-36.4%-21.7%
Occupancy rateunverified74.3%68.7%70.9%
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