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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 555249 · FY 2023

HB HEALTHCARE ASSOCIATES LLC

HUNTINGTON BEACH, CA 92648-1920 · Fiscal year ending 2023-12-31

182 bedsSNF
$2.9M
TOTAL REVENUE
−$306K
OPERATING INCOME
-10.5%
OPERATING MARGIN
182
TOTAL BEDS
530
DISCHARGES
01 — FINANCIAL

Financial summary

Net patient revenue
$2.9M
Total costs
$3.2M
Operating income (rev − costs)
−$306K
Operating margin
-10.5%
Total charges
$6.3M
02 — UTILIZATION

Utilization

Total beds
182
Total inpatient days
63,097
Medicare days (Title XVIII)
6,455
Medicaid days (Title XIX)
43,779
Total discharges
530
CROSS-REFERENCE

Related data on other Healthparse brands

HCRIS.io
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990Health
IRS Form 990 financials, executive compensation
CareLens
CMS quality ratings, inspections, staffing
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ACQUISITION SIGNALSHigh census (stable)
03 — HISTORY

7-year trend

$984K$6.0M$11.1M$16.2M2017201820192020202120222023RevenueOperating Income
YearRevenueOperating IncomeBedsMargin
2017$13.1M−$1.7M182-12.9%
2018$13.3M−$2.2M182-16.2%
2019$14.2M−$1.9M182-13.0%
2020$16.2M−$1.5M182-9.4%
2021$14.2M−$4.1M182-28.7%
2022$2.9M−$143K182-4.9%
2023$2.9M−$306K182-10.5%
04 — OWNERSHIP

Ownership chain

OwnerTypeOwnership %Since
FLAGSTONE HEALTHCARE SOUTH LLCOrganization100%—
THE ENSIGN GROUP INCOrganization100%—
BURNAM, SOONIndividual——
HARRISON, MICHAELIndividual——
KEETCH, CHADIndividual——
NASSIR, JOSEPHIndividual——
TWOMAGNETS LLCOrganization——
WILLITS, ADAMIndividual——