A skilled nursing facility in Raleigh, NC. It ran an operating surplus of 5.7% in FY23 on $11.5M of operating revenue. Operating margin improved from 0.3% in FY20 to 5.7% in FY23. Its potentially-preventable readmissions runs 10.9%.
Days cash on hand · FY23
Not available
all sources
vs SNFs—
Total nursing HPRD
3.77
Verified fact2023
Source: CMS PBJ staffing
Operating margin · FY23
+5.7%
vs SNFs82nd pctl of 13,253 (FY23)
Return to community
46.4%
Proxy2026
Source: CMS SNF QRP
Benchmarked within its own FY23 pool (n=13,253); the SNF cohort's current year is FY25.
Where Perry Creek Health sits among SNFs
Operating margin · FY23 pool · n = 13,253 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 -3.7%. Descriptive context only, not a ranking.
Benchmarked within its own FY23 pool (n=13,253); the SNF cohort's current year is FY25.
One snfPerry CreekSNF 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
+5.7% (FY23)
Operating income ÷ total operating revenue
HCRIS WS G-3
Total margin
+10.1% (FY23)
Net income ÷ total revenue incl. nonoperating
HCRIS WS G-3
Days cash on hand
Not reported in this filing
Cash & investments ÷ daily operating expense
HCRIS WS G / G-3
Current ratio
Not shown, balance sheet did not reconcile as filed
Total current assets ÷ current liabilities
HCRIS WS G
Equity financing ratio
Not shown, balance sheet did not reconcile as filed
Total net assets ÷ total assets
HCRIS WS G
Days in net patient A/R
Not shown, balance sheet did not reconcile as filed
Net patient receivables ÷ (net patient revenue ÷ 365), same fiscal year
HCRIS WS G / G-3
$ in thousands
Line item
FY21
FY22
FY23
Patient revenue
12,248
12,220
11,535
Total operating revenue
12,248
12,220
11,535
Total operating expenses
12,367
11,552
10,873
Operating income
(120)
668
662
Operating margin %
-1.0%
+5.5%
+5.7%
Other non-operating, net
711
440
561
Net income
591
1,108
1,223
Net income %
+4.6%
+8.8%
+10.1%
HCRIS Worksheet G-3 (SNF) · $ thousands · FY20–FY23 · 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.
Total nursing HPRD
3.77
Verified fact2023
CMS PBJ staffing
RN HPRD
0.55
Verified fact2023
CMS PBJ staffing
Total nurse turnover
67.2%
Verified fact2023
CMS PBJ staffing
Return to community
46.4%
Proxy2026
CMS SNF QRP
Potentially-preventable readmissions
10.9%
Proxy2026
CMS SNF QRP
Occupancy
78.1%
Verified fact2023
HCRIS WS S-1 (SNF cost report)
Medicare day share
4.0%
Verified fact2023
HCRIS WS S-1 (SNF cost report)
Medicaid day share
69.9%
Verified fact2023
HCRIS WS S-1 (SNF cost report)
Other payer day share
26.1%
Verified fact2023
HCRIS WS S-1 (SNF cost report)
Trajectory
Cost-report basis · 4 reporting years
Operating margin
Days cash on hand
The county this skilled nursing facility serves
Wake County, NC · metro, 1M+ population
Median household income
$101.8K
vs $82.1K US · $59.7K rural median
Poverty rate
7.9%
vs 12.5% US · 14.3% rural median
Uninsured
8.2%
vs 8.6% US · 8.4% rural median
Age 65+
12.5%
vs 16.8% US · 20.6% rural median
Fair or poor health
13.5%
self-reported, adults · CDC PLACES
Primary-care shortage
Designated
HRSA HPSA
Economic context: 3.9% of county personal income is Medicare/Medicaid medical benefits; 10.5% 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.
