COLONIAL ACRES HEALTH CARE CENTER — financial and operating metrics

CCN 245322, MINNEAPOLIS, MN · 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 bedsunverified888888
Total bed days availableunverified32,12032,12032,208
Total inpatient daysunverified20,30221,47323,961
Total patient revenue (gross charges)unverified$9,493,464$12,816,002$14,743,608
Contractual allowances and discountsunverified$2,302,520$2,293,316
Net patient revenueunverified$9,493,464$10,513,482$12,450,292
Total operating expensesunverified$11,899,142$12,472,746$13,724,950
Net income from service to patientsunverified$-2,405,678$-1,959,264$-1,274,658
Net income (loss) for the periodunverified$-1,781,921$-1,595,798$-934,787
Operating marginunverified-25.3%-18.6%-10.2%
Occupancy rateunverified63.2%66.9%74.4%
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