WELLBRIDGE OF NOVI — financial and operating metrics

CCN 235702, NOVI, 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 daysunverified21,54825,63832,330
Total patient revenue (gross charges)unverified$18,307,910$21,066,221$25,755,433
Contractual allowances and discountsunverified$9,441,688$10,544,726$12,437,856
Net patient revenueunverified$8,866,222$10,521,495$13,317,577
Total operating expensesunverified$11,085,663$12,333,371$13,802,461
Net income from service to patientsunverified$-2,219,441$-1,811,876$-484,884
Net income (loss) for the periodunverified$-1,631,680$-1,363,590$319,497
Operating marginunverified-25.0%-17.2%-3.6%
Occupancy rateunverified59.0%70.2%88.3%
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