COVENANT SHORES HEALTH CENTER — financial and operating metrics

CCN 505504, MERCER ISLAND, WA · 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 bedsunverified434343
Total bed days availableunverified15,69515,69515,738
Total inpatient daysunverified12,75613,46613,975
Total patient revenue (gross charges)unverified$6,877,607$10,490,326$11,128,214
Contractual allowances and discountsunverified$3,323,668$3,438,543
Net patient revenueunverified$6,877,607$7,166,658$7,689,671
Total operating expensesunverified$7,308,216$8,029,395$8,557,927
Net income from service to patientsunverified$-430,609$-862,737$-868,256
Net income (loss) for the periodunverified$-275,615$-718,040$-798,399
Operating marginunverified-6.3%-12.0%-11.3%
Occupancy rateunverified81.3%85.8%88.8%
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