ACQUISITION SIGNALSHigh census (stable)
SNF COST REPORT · CCN 335790 · FY 2023
ELDERWOOD AT WHEATFIELD
NIAGARA FALLS, NY 14304 · Fiscal year ending 2023-12-31
123 bedsSNF
−$1.2M
TOTAL REVENUE
−$4.1M
OPERATING INCOME
—
OPERATING MARGIN
123
TOTAL BEDS
373
DISCHARGES
01 — FINANCIAL
Financial summary
- Net patient revenue
- −$1.2M
- Total costs
- $2.9M
- Operating income (rev − costs)
- −$4.1M
- Operating margin
- —
- Total charges
- $1.9M
02 — UTILIZATION
Utilization
- Total beds
- 123
- Total inpatient days
- 40,383
- Medicare days (Title XVIII)
- 3,133
- Medicaid days (Title XIX)
- 21,457
- Total discharges
- 373
03 — HISTORY
7-year trend
| Year | Revenue | Operating Income | Beds | Margin |
|---|---|---|---|---|
| 2017 | $15.5M | $1.7M | 123 | 10.7% |
| 2018 | $15.1M | $1.0M | 123 | 6.8% |
| 2019 | $15.7M | $1.5M | 123 | 9.4% |
| 2020 | $15.4M | $1.7M | 123 | 11.3% |
| 2021 | $15.7M | $1.7M | 123 | 10.5% |
| 2022 | −$2.0M | −$4.0M | 123 | 200.6% |
| 2023 | −$1.2M | −$4.1M | 123 | 336.7% |
04 — OWNERSHIP
Ownership chain
| Owner | Type | Ownership % | Since |
|---|---|---|---|
| COLE, WARREN | Individual | 50% | — |
| RUBIN, JEFFREY | Individual | 50% | — |
| COLE, WARREN | Individual | — | — |
| HARDY, MICHELLE | Individual | — | — |
| RUBIN, JEFFREY | Individual | — | — |