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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 225541 · FY 2023

WE DO CARE INC.

FRAMINGHAM, MA 01701 · Fiscal year ending 2023-12-31

55 bedsSNF
$13K
TOTAL REVENUE
−$810K
OPERATING INCOME
-6101.1%
OPERATING MARGIN
55
TOTAL BEDS
107
DISCHARGES
01 — FINANCIAL

Financial summary

Net patient revenue
$13K
Total costs
$823K
Operating income (rev − costs)
−$810K
Operating margin
-6101.1%
Total charges
$822K
02 — UTILIZATION

Utilization

Total beds
55
Total inpatient days
18,596
Medicare days (Title XVIII)
3,336
Medicaid days (Title XIX)
10,616
Total discharges
107
CROSS-REFERENCE

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

7-year trend

$862K$2.8M$4.7M$6.6M2017201820192020202120222023RevenueOperating Income
YearRevenueOperating IncomeBedsMargin
2017$5.6M$17K550.3%
2018$5.5M−$90K55-1.6%
2019$6.1M$158K552.6%
2020$6.2M−$528K55-8.6%
2021$6.6M−$396K55-6.0%
2022−$222K−$1.0M55470.6%
2023$13K−$810K55-6101.1%
04 — OWNERSHIP

Ownership chain

OwnerTypeOwnership %Since
MORGAN, JOSEPHIndividual85%—
MORGAN, CHRISTOPHERIndividual7%—
MORGAN, MICHAELIndividual7%—
MORGAN, JOSEPHIndividual——
ACQUISITION SIGNALSHigh census (stable)