CCN 235731, GRAND RAPIDS, MI · Medicare cost reports, FY2023–FY2024
Short reporting period. FY2023 (243 days) covers less than a full year, usually because the facility changed its fiscal year end, opened, closed or changed hands. Its totals are not comparable with the full years beside them, and no figure here has been scaled up to disguise that.
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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| Metric | FY2023 243d | FY2024 |
|---|---|---|
| Total facility bedsunverified | 80 | 80 |
| Total bed days availableunverified | 19,520 | 29,280 |
| Total inpatient daysunverified | 7,660 | 21,134 |
| Total patient revenue (gross charges)unverified | $6,996,330 | $23,166,503 |
| Contractual allowances and discountsunverified | $3,845,582 | $13,073,761 |
| Net patient revenueunverified | $3,150,748 | $10,092,742 |
| Total operating expensesunverified | $7,974,377 | $15,444,307 |
| Net income from service to patientsunverified | $-4,823,629 | $-5,351,565 |
| Net income (loss) for the periodunverified | $-4,768,824 | $-4,882,433 |
| Operating marginunverified | -153.1% | -53.0% |
| Occupancy rateunverified | 39.2% | 72.2% |