THE LAURELS OF SUMMIT RIDGE — financial and operating metrics

CCN 345438, ASHEVILLE, NC · 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 bedsunverified878791
Total bed days availableunverified31,75531,75532,086
Total inpatient daysunverified26,34423,03526,994
Total patient revenue (gross charges)unverified$9,911,639$8,858,027$9,943,371
Contractual allowances and discountsunverified$2,088,671$1,591,441$2,657,121
Net patient revenueunverified$7,822,968$7,266,586$7,286,250
Total operating expensesunverified$9,056,062$9,055,348$7,756,871
Net income from service to patientsunverified$-1,233,094$-1,788,762$-470,621
Net income (loss) for the periodunverified$-390,862$52,528$-470,269
Operating marginunverified-15.8%-24.6%-6.5%
Occupancy rateunverified83.0%72.5%84.1%
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