CCN 235035, GRAND RAPIDS, 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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| Metric | FY2022 | FY2023 | FY2024 |
|---|---|---|---|
| Total facility bedsunverified | 165 | 165 | 165 |
| Total bed days availableunverified | 60,225 | 60,225 | 60,390 |
| Total inpatient daysunverified | 43,073 | 47,275 | 49,252 |
| Total patient revenue (gross charges)unverified | $27,361,039 | $30,872,213 | $33,429,921 |
| Contractual allowances and discountsunverified | $8,106,021 | $9,005,878 | $9,809,225 |
| Net patient revenueunverified | $19,255,018 | $21,866,335 | $23,620,696 |
| Total operating expensesunverified | $22,213,701 | $24,375,505 | $27,956,874 |
| Net income from service to patientsunverified | $-2,958,683 | $-2,509,170 | $-4,336,178 |
| Net income (loss) for the periodunverified | $-842,562 | $-1,970,881 | $-3,290,647 |
| Operating marginunverified | -15.4% | -11.5% | -18.4% |
| Occupancy rateunverified | 71.5% | 78.5% | 81.6% |