ACQUISITION SIGNALSDeclining margins
SNF COST REPORT · CCN 155838 · FY 2023
STONECROFT HEALTH CAMPUS
BLOOMINGTON, IN 47403-9806 · Fiscal year ending 2023-12-31
124 bedsSNF
$365K
TOTAL REVENUE
−$841K
OPERATING INCOME
-230.3%
OPERATING MARGIN
124
TOTAL BEDS
416
DISCHARGES
01 — FINANCIAL
Financial summary
- Net patient revenue
- $365K
- Total costs
- $1.2M
- Operating income (rev − costs)
- −$841K
- Operating margin
- -230.3%
- Total charges
- $1.6M
02 — UTILIZATION
Utilization
- Total beds
- 124
- Total inpatient days
- 25,998
- Medicare days (Title XVIII)
- 5,658
- Medicaid days (Title XIX)
- 5,023
- Total discharges
- 416
03 — HISTORY
7-year trend
| Year | Revenue | Operating Income | Beds | Margin |
|---|---|---|---|---|
| 2017 | $5.6M | −$2.3M | 70 | -40.4% |
| 2018 | $5.3M | −$2.2M | 70 | -42.1% |
| 2019 | $6.2M | −$2.2M | 70 | -35.2% |
| 2020 | $5.5M | −$3.1M | 70 | -55.5% |
| 2021 | $5.1M | −$2.9M | 70 | -56.6% |
| 2022 | −$39K | −$1.1M | 114 | 2723.4% |
| 2023 | $365K | −$841K | 124 | -230.3% |
04 — OWNERSHIP
Ownership chain
| Owner | Type | Ownership % | Since |
|---|---|---|---|
| DAVIESS COUNTY HOSPITAL | Organization | 100% | — |
| BLACK, DAWN | Individual | — | — |
| DAVIESS COUNTY HOSPITAL | Organization | — | — |
| NEESE, KEVIN | Individual | — | — |
| RHS PARTNERS OF BLOOMINGTON, LLC | Organization | — | — |
| SETTLES, APRIL | Individual | — | — |