BORGESS PLACE — financial and operating metrics

CCN 235289, KALAMAZOO, MI · Medicare cost reports, FY2023–FY2024

Short reporting period. FY2024 (119 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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MetricFY2023FY2024
119d
Total facility bedsunverified101101
Total bed days availableunverified36,86512,120
Total inpatient daysunverified26,9508,595
Total patient revenue (gross charges)unverified$13,333,004$5,603,386
Contractual allowances and discountsunverified$3,535,039$2,014,986
Net patient revenueunverified$9,797,965$3,588,400
Total operating expensesunverified$12,746,402$4,210,486
Net income from service to patientsunverified$-2,948,437$-622,086
Net income (loss) for the periodunverified$-2,796,256$-516,097
Operating marginunverified-30.1%-17.3%
Occupancy rateunverified73.1%70.9%
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