FORT NORFOLK RETIREMENT COMMUNITY I — financial and operating metrics

CCN 495395, NORFOLK, VA · 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 bedsunverified240240240
Total bed days availableunverified87,60087,60087,840
Total inpatient daysunverified142,188153,334153,334
Total patient revenue (gross charges)unverified$30,075,806$36,094,406$38,338,562
Contractual allowances and discountsunverified$3,484,257$3,637,895$2,751,225
Net patient revenueunverified$26,591,549$32,456,511$35,587,337
Total operating expensesunverified$39,074,065$42,901,771$45,394,079
Net income from service to patientsunverified$-12,482,516$-10,445,260$-9,806,742
Net income (loss) for the periodunverified$-12,740,883$-7,067,082$-4,563,998
Operating marginunverified-46.9%-32.2%-27.6%
Occupancy rateunverified162.3%175.0%174.6%
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