OPTIMA CARE - CASTLE HILL — financial and operating metrics

CCN 315344, UNION CITY, NJ · Medicare cost reports, FY2022–FY2024

Short reporting period. FY2022 (158 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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MetricFY2022
158d
FY2023FY2024
Total facility bedsunverified215215215
Total bed days availableunverified34,18578,47578,690
Total inpatient daysunverified20,22848,28649,369
Total patient revenue (gross charges)unverified$7,072,103$17,685,978$18,738,888
Contractual allowances and discountsunverified$312,295$900,764$1,382,380
Net patient revenueunverified$6,759,808$16,785,214$17,356,508
Total operating expensesunverified$8,590,859$20,626,438$21,800,572
Net income from service to patientsunverified$-1,831,051$-3,841,224$-4,444,064
Net income (loss) for the periodunverified$-1,822,219$-3,833,367$-4,411,290
Operating marginunverified-27.1%-22.9%-25.6%
Occupancy rateunverified59.2%61.5%62.7%
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