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SNF COST REPORT · Loading…
Stethopowered by▸healthparse
Practices▾
DermatologyOphthalmologyOrthopedicsDentalUrgent CarePhysical Therapy
Facilities▾
Skilled NursingHome HealthHospiceDialysis
CompareOwnershipOperatorsDealsResearchPricing
PracticesDermatologyOphthalmologyOrthopedicsDentalUrgent CarePhysical TherapyFacilitiesSkilled NursingHome HealthHospiceDialysisCompareOwnershipOperatorsDealsResearchPricing
SNF COST REPORT · CCN 065244 · FY 2023

GLENWOOD SPRINGS HEALTHCARE

GLENWOOD SPRINGS, CO 81601-4325 · Fiscal year ending 2023-12-31

54 bedsSNF
$178K
TOTAL REVENUE
−$698K
OPERATING INCOME
-392.1%
OPERATING MARGIN
54
TOTAL BEDS
45
DISCHARGES
01 — FINANCIAL

Financial summary

Net patient revenue
$178K
Total costs
$876K
Operating income (rev − costs)
−$698K
Operating margin
-392.1%
Total charges
$2.8M
02 — UTILIZATION

Utilization

Total beds
54
Total inpatient days
15,169
Medicare days (Title XVIII)
3,561
Medicaid days (Title XIX)
9,050
Total discharges
45
CROSS-REFERENCE

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HCRIS.io
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CareLens
CMS quality ratings, inspections, staffing
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ACQUISITION SIGNALSDeclining margins
03 — HISTORY

7-year trend

$463K$1.9M$3.3M$4.7M2017201820192020202120222023RevenueOperating Income
YearRevenueOperating IncomeBedsMargin
2017$4.7M−$582K54-12.3%
2018$4.7M−$95K54-2.0%
2019$4.2M−$70K54-1.7%
2020$4.7M−$83K54-1.7%
2021$4.6M−$965K54-20.8%
2022$772K−$237K54-30.7%
2023$178K−$698K54-392.1%
04 — OWNERSHIP

Ownership chain

OwnerTypeOwnership %Since
CHRISTENSEN, COVEYIndividual100%—
MADISON CREEK PARTNERS LLCOrganization100%—
ADRAGNA, JOSEPHIndividual——
CHRISTENSEN, COVEYIndividual——
CHRISTENSEN, COVEYIndividual——
CLEGG, MICHAELIndividual——
CLEGG, MICHAELIndividual——
FLECK, COLTONIndividual——
HOPKINS, AMBERIndividual——
MADISON CREEK PARTNERS LLCOrganization——