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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 395843 · FY 2023

RIVERS EDGE REHAB & HEALTHCARE

PHILADELPHIA, PA 19114 · Fiscal year ending 2023-12-31

120 bedsSNF
$2.7M
TOTAL REVENUE
$581K
OPERATING INCOME
21.8%
OPERATING MARGIN
120
TOTAL BEDS
570
DISCHARGES
01 — FINANCIAL

Financial summary

Net patient revenue
$2.7M
Total costs
$2.1M
Operating income (rev − costs)
$581K
Operating margin
21.8%
Total charges
$2.4M
02 — UTILIZATION

Utilization

Total beds
120
Total inpatient days
40,866
Medicare days (Title XVIII)
7,973
Medicaid days (Title XIX)
23,001
Total discharges
570
CROSS-REFERENCE

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HCRIS.io
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CareLens
CMS quality ratings, inspections, staffing
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ACQUISITION SIGNALSHigh census (stable)
03 — HISTORY

7-year trend

−$534K$3.8M$8.2M$12.6M2017201820192020202120222023RevenueOperating Income
YearRevenueOperating IncomeBedsMargin
2017$6.1M−$4.5M69-73.5%
2018$6.2M−$4.9M69-79.1%
2019$2.4M−$1.9M69-78.5%
2020$12.6M$823K1206.5%
2021$11.9M$73K1200.6%
2022$1.2M−$392K120-32.4%
2023$2.7M$581K12021.8%
04 — OWNERSHIP

Ownership chain

OwnerTypeOwnership %Since
KRAUS, ABRAHAMIndividual75%—
PANETH, MORTONIndividual8%—
LANGAN, JUDEIndividual——
LEINER, PINCHOSIndividual——