ALDERSGATE UNITED METHODIST RETIREME — financial and operating metrics

CCN 345544, CHARLOTTE, 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 bedsunverified234230228
Total bed days availableunverified85,41083,95083,448
Total inpatient daysunverified75,72674,57672,202
Total patient revenue (gross charges)unverified$47,117,195$29,401,330$48,210,608
Contractual allowances and discountsunverified$5,681,916$5,378,524$2,091,941
Net patient revenueunverified$41,435,279$24,022,806$46,118,667
Total operating expensesunverified$55,938,504$48,592,373$54,419,940
Net income from service to patientsunverified$-14,503,225$-24,569,567$-8,301,273
Net income (loss) for the periodunverified$-11,311,042$1,567,935$-4,166,738
Operating marginunverified-35.0%-102.3%-18.0%
Occupancy rateunverified88.7%88.8%86.5%
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