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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 345089 · FY 2023

WALNUT COVE HEALTH & REHAB CTR

WALNUT COVE, NC 27052 · Fiscal year ending 2023-12-31

90 bedsSNF
$2.0M
TOTAL REVENUE
$1.1M
OPERATING INCOME
54.0%
OPERATING MARGIN
90
TOTAL BEDS
223
DISCHARGES
01 — FINANCIAL

Financial summary

Net patient revenue
$2.0M
Total costs
$910K
Operating income (rev − costs)
$1.1M
Operating margin
54.0%
Total charges
$2.5M
02 — UTILIZATION

Utilization

Total beds
90
Total inpatient days
30,042
Medicare days (Title XVIII)
1,944
Medicaid days (Title XIX)
25,020
Total discharges
223
CROSS-REFERENCE

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HCRIS.io
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CareLens
CMS quality ratings, inspections, staffing
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04 — OWNERSHIP

Ownership chain

OwnerTypeOwnership %Since
CSE WALNUT COVE LPOrganization——
HOBACK, TIFFANYIndividual——
JONES, TEQUILLAIndividual——
PATEL, SANDEEPIndividual——
SEMONES, BRANDIIndividual——
SNF MGR LLCOrganization——
WALDER, JOHNIndividual——
WEISSBERG, DANIELLEIndividual——
03 — HISTORY

7-year trend

$1.6M$4.0M$6.4M$8.8M2017201820192020202120222023RevenueOperating Income
YearRevenueOperating IncomeBedsMargin
2017$6.7M−$753K90-11.2%
2018$7.4M−$125K90-1.7%
2019$7.9M$833K9010.5%
2020$8.4M$1.5M9017.5%
2021$8.8M$1.9M9021.0%
2022$2.9M$1.9M9067.3%
2023$2.0M$1.1M9054.0%
ACQUISITION SIGNALSHigh census (stable)