RIVERGATE HEALTH CARE CENTER — financial and operating metrics

CCN 235297, RIVERVIEW, 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 bedsunverified205205205
Total bed days availableunverified74,82574,82575,030
Total inpatient daysunverified59,58965,93967,620
Total patient revenue (gross charges)unverified$25,691,742$28,843,758$29,884,809
Contractual allowances and discountsunverified$6,889,588$7,407,984$6,484,577
Net patient revenueunverified$18,802,154$21,435,774$23,400,232
Total operating expensesunverified$19,900,620$19,913,100$22,530,655
Net income from service to patientsunverified$-1,098,466$1,522,674$869,577
Net income (loss) for the periodunverified$-1,045,751$2,130,801$1,817,638
Operating marginunverified-5.8%7.1%3.7%
Occupancy rateunverified79.6%88.1%90.1%
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