CHELSEA RETIREMENT COMMUNITY — financial and operating metrics

CCN 235021, CHELSEA, MI · Medicare cost reports, FY2023–FY2025

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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MetricFY2023FY2024FY2025
Total facility bedsunverified257257257
Total bed days availableunverified93,80594,06293,805
Total inpatient daysunverified74,24077,53477,579
Total patient revenue (gross charges)unverified$23,440,224$26,411,429$29,670,772
Contractual allowances and discountsunverified$-9,760,969$-10,139,439$-8,587,815
Net patient revenueunverified$33,201,193$36,550,868$38,258,587
Total operating expensesunverified$37,607,915$39,371,063$40,559,346
Net income from service to patientsunverified$-4,406,722$-2,820,195$-2,300,759
Net income (loss) for the periodunverified$-647,105$-3,479,732$470,311
Operating marginunverified-13.3%-7.7%-6.0%
Occupancy rateunverified79.1%82.4%82.7%
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