THE LAURELS OF GALESBURG — financial and operating metrics

CCN 235483, GALESBURG, 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 bedsunverified939393
Total bed days availableunverified33,94533,94534,038
Total inpatient daysunverified28,81329,28128,702
Total patient revenue (gross charges)unverified$17,488,072$17,352,454$16,303,954
Contractual allowances and discountsunverified$7,857,455$7,370,056$6,256,203
Net patient revenueunverified$9,630,617$9,982,398$10,047,751
Total operating expensesunverified$9,754,622$10,486,160$10,755,667
Net income from service to patientsunverified$-124,005$-503,762$-707,916
Net income (loss) for the periodunverified$279,342$-40,240$68,273
Operating marginunverified-1.3%-5.0%-7.0%
Occupancy rateunverified84.9%86.3%84.3%
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