THE LAKELAND CENTER — financial and operating metrics

CCN 235589, SOUTHFIELD, 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 bedsunverified919191
Total bed days availableunverified33,21533,21533,306
Total inpatient daysunverified26,49425,17823,715
Total patient revenue (gross charges)unverified$20,063,984$18,048,898$8,996,816
Contractual allowances and discountsunverified$10,161,097$8,133,400$-292,436
Net patient revenueunverified$9,902,887$9,915,498$9,289,252
Total operating expensesunverified$12,342,772$11,755,154$11,734,289
Net income from service to patientsunverified$-2,439,885$-1,839,656$-2,445,037
Net income (loss) for the periodunverified$-745,956$-1,531,875$-628,117
Operating marginunverified-24.6%-18.6%-26.3%
Occupancy rateunverified79.8%75.8%71.2%
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