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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 235598 · FY 2023

RIVERIDGE REHABILITATION AND HEALTHC

NILES, MI 49120 · Fiscal year ending 2023-12-31

84 bedsSNF
−$1.5M
TOTAL REVENUE
−$2.1M
OPERATING INCOME
—
OPERATING MARGIN
84
TOTAL BEDS
133
DISCHARGES
01 — FINANCIAL

Financial summary

Net patient revenue
−$1.5M
Total costs
$626K
Operating income (rev − costs)
−$2.1M
Operating margin
—
Total charges
$724K
02 — UTILIZATION

Utilization

Total beds
84
Total inpatient days
21,231
Medicare days (Title XVIII)
1,157
Medicaid days (Title XIX)
16,275
Total discharges
133
CROSS-REFERENCE

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CareLens
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03 — HISTORY

6-year trend

$36K$2.1M$4.3M$6.4M201720182019202020222023RevenueOperating Income
YearRevenueOperating IncomeBedsMargin
2017$5.9M−$597K84-10.2%
2018$5.9M−$195K84-3.3%
2019$6.0M−$270K84-4.5%
2020$6.4M−$966K84-15.2%
2022−$596K−$1.0M84168.8%
2023−$1.5M−$2.1M84143.1%
ACQUISITION SIGNALSDeclining margins