SNF COST REPORT · CCN 165405 · FY 2023

CORNERSTONE SENIOR COMM OF REMSEN

REMSEN, IA 51050 · Fiscal year ending 2023-12-31

62 bedsSNF
$437K
TOTAL REVENUE
$68K
OPERATING INCOME
15.6%
OPERATING MARGIN
62
TOTAL BEDS
64
DISCHARGES
01 — FINANCIAL

Financial summary

Net patient revenue
$437K
Total costs
$369K
Operating income (rev − costs)
$68K
Operating margin
15.6%
Total charges
$594K
02 — UTILIZATION

Utilization

Total beds
62
Total inpatient days
19,474
Medicare days (Title XVIII)
1,769
Medicaid days (Title XIX)
10,824
Total discharges
64
03 — HISTORY

6-year trend

$753K$2.0M$3.2M$4.4M201720182019202020222023RevenueOperating Income
YearRevenueOperating IncomeBedsMargin
2017$3.8M−$303K62-7.9%
2018$3.9M−$147K62-3.8%
2019$4.4M$408K629.2%
2020$4.2M−$80K62-1.9%
2022−$136K−$480K62351.8%
2023$437K$68K6215.6%
04 — OWNERSHIP

Ownership chain

OwnerTypeOwnership %Since
CORNERSTONE SENIOR COMMUNITIES OF REMSENOrganization100%—
CODY, MARKIndividual——
CODY, MARKIndividual——
CORNERSTONE SENIOR COMMUNITIES OF REMSENOrganization——
CRONIN, CHERYLIndividual——
CRONIN, CHERYLIndividual——
DRAPER, THOMASIndividual——
DRAPER, THOMASIndividual——
GEHA, ANDREWIndividual——
GERGEN, ELIZABETHIndividual——
HEIDESCH, MARGARETIndividual——
HEIDESCH, MARGARETIndividual——
KUIKEN, JENNIFERIndividual——
LTC ACCOUNTING SERVICES, LLCOrganization——
OWENS, VALERIEIndividual——
PREMIER SENIOR MANAGEMENT LLCOrganization——
SANOW, BRIANIndividual——
SCHULTZ, JUDITHIndividual——
SCHULTZ, JUDITHIndividual——
SIEVERS, SUSANIndividual——
SIEVERS, SUSANIndividual——
STAAB, JACKIEIndividual——
STEELE, HELENIndividual——
STEELE, HELENIndividual——
WILLIAMS & COMPANY PCOrganization——