PORTAGE OPCO LLC — financial and operating metrics

CCN 235399, PORTAGE, 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 bedsunverified117117117
Total bed days availableunverified40,60342,70542,822
Total inpatient daysunverified33,14436,49237,436
Total patient revenue (gross charges)unverified$13,759,873$17,040,135$18,163,667
Contractual allowances and discountsunverified$4,337,046$6,081,158$6,060,322
Net patient revenueunverified$9,422,827$10,958,977$12,103,345
Total operating expensesunverified$10,733,553$11,349,867$12,999,043
Net income from service to patientsunverified$-1,310,726$-390,890$-895,698
Net income (loss) for the periodunverified$-1,049,020$42,192$-631,381
Operating marginunverified-13.9%-3.6%-7.4%
Occupancy rateunverified81.6%85.5%87.4%
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