SNF COST REPORT · CCN 056378 · FY 2023
OCEAN RIDGE POST ACUTE
LONG BEACH, CA 90804 · Fiscal year ending 2023-12-31
99 bedsSNF
−$460K
TOTAL REVENUE
−$3.2M
OPERATING INCOME
—
OPERATING MARGIN
99
TOTAL BEDS
330
DISCHARGES
01 — FINANCIAL
Financial summary
- Net patient revenue
- −$460K
- Total costs
- $2.7M
- Operating income (rev − costs)
- −$3.2M
- Operating margin
- —
- Total charges
- $4.7M
02 — UTILIZATION
Utilization
- Total beds
- 99
- Total inpatient days
- 31,673
- Medicare days (Title XVIII)
- 5,518
- Medicaid days (Title XIX)
- 2,728
- Total discharges
- 330
03 — HISTORY
7-year trend
| Year | Revenue | Operating Income | Beds | Margin |
|---|---|---|---|---|
| 2017 | $5.2M | −$871K | 99 | -16.9% |
| 2018 | $4.4M | −$2.2M | 99 | -49.5% |
| 2019 | $8.5M | −$598K | 99 | -7.0% |
| 2020 | $11.9M | $881K | 99 | 7.4% |
| 2021 | $10.4M | −$160K | 99 | -1.5% |
| 2022 | $612K | −$437K | 99 | -71.3% |
| 2023 | −$460K | −$3.2M | 99 | 696.0% |
04 — OWNERSHIP
Ownership chain
| Owner | Type | Ownership % | Since |
|---|---|---|---|
| PROVIDENCE GROUP NH, LLC | Organization | 100% | — |
| APT, FREDERICK | Individual | — | — |
| GREENWOOD, TIMOTHY | Individual | — | — |
| GREENWOOD, TIMOTHY | Individual | — | — |
| HANCOCK, MARK | Individual | — | — |
| HANCOCK, MARK | Individual | — | — |
| JERGENSEN, JOSHUA | Individual | — | — |
| MITCHELL, JOHN | Individual | — | — |
| MURRAY, JASON | Individual | — | — |
| PACS GROUP, INC. | Organization | — | — |
| PACS HOLDINGS, LLC | Organization | — | — |
| TRAN, PHUC BAO | Individual | — | — |