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SNF COST REPORT · Loading…
Stethopowered by▸healthparse
Practices▾
DermatologyOphthalmologyOrthopedicsDentalUrgent CarePhysical Therapy
Facilities▾
Skilled NursingHome HealthHospiceDialysis
CompareOwnershipOperatorsDealsPricing
PracticesDermatologyOphthalmologyOrthopedicsDentalUrgent CarePhysical TherapyFacilitiesSkilled NursingHome HealthHospiceDialysisCompareOwnershipOperatorsDealsPricing
SNF COST REPORT · CCN 235038 · FY 2023

GRAND RAPIDS OPCO LLC

GRAND RAPIDS, MI 49505 · Fiscal year ending 2023-12-31

178 bedsSNF
−$1.4M
TOTAL REVENUE
−$2.2M
OPERATING INCOME
—
OPERATING MARGIN
178
TOTAL BEDS
267
DISCHARGES
01 — FINANCIAL

Financial summary

Net patient revenue
−$1.4M
Total costs
$761K
Operating income (rev − costs)
−$2.2M
Operating margin
—
Total charges
$2.4M
02 — UTILIZATION

Utilization

Total beds
178
Total inpatient days
43,435
Medicare days (Title XVIII)
1,270
Medicaid days (Title XIX)
11,285
Total discharges
267
CROSS-REFERENCE

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HCRIS.io
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CareLens
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04 — OWNERSHIP

Ownership chain

OwnerTypeOwnership %Since
GRAND RAPIDS HOLDCO LLCOrganization100%—
B&Y HEALTHCARE S CORPOrganization——
B&Y TRUSTOrganization——
CENTURY HEALTHCARE MANAGEMENT LLCOrganization——
CODY HEALTHCARE S CORPOrganization——
CRAIG FLASHNER 2007 TRUSTOrganization——
FLASHNER, CRAIGIndividual——
FLASHNER, CRAIGIndividual——
KIRK, KRISTINEIndividual——
NORCROSS, ROBERTIndividual——
PERLSTEIN, YITZCHOKIndividual——
PRESTIGE ADMINISTRATIVE SERVICES, LLCOrganization——
ROGERS, STACEYIndividual——
03 — HISTORY

7-year trend

−$1.9M$923K$3.7M$6.5M2017201820192020202120222023RevenueOperating Income
YearRevenueOperating IncomeBedsMargin
2017$5.1M−$3.2M55-62.4%
2018$5.4M−$4.2M55-77.6%
2019$5.4M−$3.4M55-61.7%
2020$4.9M−$4.7M55-94.6%
2021$6.5M−$4.6M55-70.1%
2022−$872K−$1.1M178131.9%
2023−$1.4M−$2.2M178154.5%