A skilled nursing facility in West Palm Beach, FL. It ran an operating loss of 30.2% in FY25 on $35.1M of operating revenue. It held 1 day of cash on hand (22nd percentile among SNFs on liquidity). Operating margin improved from -62.2% in FY21 to -30.2% in FY25, though it fell 5.2 points in the most recent year. On care, it carries a 5-star CMS quality rating. Its potentially-preventable readmissions runs 11.9%. On the filed record it is running at an operating loss with strong measured quality. Source-reported context, not a recommendation.
Overall Five-Star
5
Verified fact2025
Source: CMS Care Compare
Total nursing HPRD
4.83
Verified fact2025
Source: CMS PBJ staffing
Operating margin · FY25
-30.2%
▼ 5.2 pts vs FY24
vs SNFs5th pctl of 12,481 (FY25)
Return to community
75.8%
Proxy2026
Source: CMS SNF QRP
Where JOSEPH L MORSE sits among SNFs
Operating margin · FY25 pool · n = 12,481 of 13,901 filed
Each point is one SNF in the national distribution for this provider type, placed by operating margin. Facilities are not matched on size, case mix, or market — that is the matched-peer comparison in the paid benchmark. The SNF median is +1.0%. Descriptive context only, not a ranking.
One snfJOSEPH LSNF median
The money
$ thousands · HCRIS cost-report basis · as filed, QA-gated
Ratios tell you how this skilled nursing facility is doing. Statements tell you what kind of organization it is, and where the money comes from. Every figure below traces to a public cost-report filing, shown as filed. A ratio renders only when every input is reported in the filing; a year missing its core lines is not shown; a year whose balance sheet does not reconcile is labeled. Not audited by Astrelis.
Operating margin
-30.2% (FY25)
Operating income ÷ total operating revenue
HCRIS WS G-3
Total margin
-16.9% (FY25)
Net income ÷ total revenue incl. nonoperating
HCRIS WS G-3
Days cash on hand
1d (FY25)
Cash & investments ÷ daily operating expense
HCRIS WS G / G-3
Current ratio
1.57× (FY25)
Total current assets ÷ current liabilities
HCRIS WS G
Equity financing ratio
20% (FY25)
Total net assets ÷ total assets
HCRIS WS G
Days in net patient A/R
29d (FY25)
Net patient receivables ÷ (net patient revenue ÷ 365), same fiscal year
HCRIS WS G / G-3
$ in thousands
Line item
FY23
FY24
FY25
Patient revenue
32,573
36,801
35,114
Total operating revenue
32,573
36,801
35,114
Total operating expenses
42,810
46,014
45,730
Operating income
(10,237)
(9,213)
(10,616)
Operating margin %
-31.4%
-25.0%
-30.2%
Other non-operating, net
8,404
5,962
4,022
Net income
(1,833)
(3,251)
(6,594)
Net income %
-4.5%
-7.6%
-16.8%
HCRIS Worksheet G-3 (SNF) · $ thousands · FY21–FY25 · operating revenue reflects net patient revenue (the SNF form carries no other-operating split) · FY20–21 may include COVID-era relief funding in other income
How it operates
quality & operational context · CMS public reporting
The metrics this skilled nursing facility type is judged on: care quality, patient experience, and scale. Each is labeled by evidence class and public source; descriptive context only, never a ranking or adequacy claim.
Overall Five-Star
5
Verified fact2025
CMS Care Compare
Health inspection star
5
Verified fact2025
CMS Care Compare
Quality measure star
5
Verified fact2025
CMS Care Compare
Staffing star
5
Verified fact2025
CMS Care Compare
Total nursing HPRD
4.83
Verified fact2025
CMS PBJ staffing
RN HPRD
1.41
Verified fact2025
CMS PBJ staffing
Total nurse turnover
30.9%
Verified fact2025
CMS PBJ staffing
Return to community
75.8%
Proxy2026
CMS SNF QRP
Potentially-preventable readmissions
11.9%
Proxy2026
CMS SNF QRP
Occupancy
88.0%
Verified fact2025
HCRIS WS S-1 (SNF cost report)
Medicare day share
11.0%
Verified fact2025
HCRIS WS S-1 (SNF cost report)
Medicaid day share
11.5%
Verified fact2025
HCRIS WS S-1 (SNF cost report)
Other payer day share
77.5%
Verified fact2025
HCRIS WS S-1 (SNF cost report)
Trajectory
Cost-report basis · 5 reporting years
Operating margin
Days cash on hand
The county this skilled nursing facility serves
Palm Beach County, FL · metro, 1M+ population
Median household income
$81.1K
vs $82.1K US · $59.7K rural median
Poverty rate
11.1%
vs 12.5% US · 14.3% rural median
Uninsured
13.2%
vs 8.6% US · 8.4% rural median
Age 65+
24.6%
vs 16.8% US · 20.6% rural median
Fair or poor health
19.4%
self-reported, adults · CDC PLACES
Primary-care shortage
Designated
HRSA HPSA
Economic context: 4.7% of county personal income is Medicare/Medicaid medical benefits; 11.3% arrives as government transfers (BEA, 2022).
The Board Briefing$1,000
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Where this facility is underperforming its matched peer cohort and what that gap is worth, measure by measure. Delivered within 30 days of eligibility confirmation.
