CARETEL INNS OF TRI CITIES — financial and operating metrics

CCN 235635, BAY CITY, 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 bedsunverified100100100
Total bed days availableunverified36,50036,50036,600
Total inpatient daysunverified29,99131,27231,382
Total patient revenue (gross charges)unverified$10,212,899$11,310,527$11,575,217
Contractual allowances and discountsunverified$1,899,760$2,423,683$2,204,255
Net patient revenueunverified$8,313,139$8,886,844$9,370,962
Total operating expensesunverified$8,653,962$9,773,554$10,181,698
Net income from service to patientsunverified$-340,823$-886,710$-810,736
Net income (loss) for the periodunverified$-251,371$1,285,157$-567,229
Operating marginunverified-4.1%-10.0%-8.7%
Occupancy rateunverified82.2%85.7%85.7%
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