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Arkansas business list: most profitable nursing homes. (Health Care Update).

ARKANSAS BUSINESS LIST: MOST PROFITABLE NURSING HOMES

Ranked by net income in the fiscal year ended June 30, 2002

   Facility                              Net Income           Beds
   Location                          Net Income Per Bed  Occupancy Rate

1  Hilltop Nursing Center                $1,110,449             154
   Harrison                                  $7,211          82.01%

2  Regional Healthcare Inc.                $985,124             139
   Newport                                   $7,087          72.00%

3  Woodruff County Nursing Home            $940,072             132
   McCrory                                   $7,122          75.20%

4  Beverly Healthcare                      $772,779             140
   Rogers                                    $5,520          85.52%

5  Batesville Nursing and Rehab            $755,928             150
    Center
   Batesville                                $5,040          69.59%

6  Beverly Healthcare                      $671,958             101
   El Dorado                                 $6,653          96.31%

7  Dardanelle Nursing and Rehab            $646,967             110
    Center
   Dardanelle                                $5,882          88.64%

8  Salem Place Nursing and Rehab           $627,458             140
    Center
   Conway                                    $4,482          86.89%

9  Medi-Home Inc.                          $603,873             157
   Fort Smith                                $3,846          76.51%

10 Hillcrest Care and Rehab                $574,369              90
   Prescott                                  $6,382          93.14%

11 Three River Nursing Center              $554,685             110
   Marked Tree                               $5,043          90.91%

12 Lakewood Plaza Nursing Center           $538,764              85
   North Little Rock                         $6,338          85.72%

13 Beverly Healthcare                      $506,880             119
   West Memphis                              $4,259          83.86%

14 Crawford Healthcare and Rehab           $482,477             115
    Center
   Van Buren                                 $4,195          80.71%

15 Twin Rivers Health and                  $460,376              92
    Rehabilitation
   Arkadelphia                               $5,004          96.96%

16 Legacy Lodge Nursing Home               $446,506             122
   Russellville                              $3,660          77.51%

17 Mitchells Nursing Home Inc.             $446,158             105
   Danville                                  $4,249          91.87%

18 Beverly Healthcare                      $428,786             113
   Jonesboro                                 $3,795          80.21%

19 Randolph County Nursing Home            $427,077             118
   Pocahontas                                $3,619          97.70%

20 Beverly Health and Rehab Center         $415,803             245
   Searcy                                    $1,697          77.84%

21 Brookridge Life Care and Rehab          $412,243             118
    Center
   Morrilton                                 $3,494          88.52%

22 Stella Manor Nursing and Rehab          $404,133             144
    Center
   Russellville                              $2,806          91.84%

23 Beverly Healthcare                      $402,618             140
   Monticello                                $2,876          64.35%

24 Beverly Healthcare                      $396,014             106
   Camden                                    $3,736          81.48%

25 Northwest Nursing Center Inc.           $388,646              80
   Fayetteville                              $4,858          95.01%

26 Beverly Healthcare                      $386,618              89
   Crossett                                  $4,344          79.58%

27 Spring Creek Living Center              $376,140             109
   Cabot                                     $3,451          90.92%

28 Holland Nursing Center West             $373,987              80
   Springdale                                $4,675          86.25$

29 Brookewood Nursing Center               $373,263             105
   De Queen                                  $3,555          84.21%

30 Covington Court Health and Rehab        $369,386             115
    Center
   Fort Smith                                $3,212          86.25%

31 Heritage Living Center                  $366,188             121
   Conway                                    $3,026          94.09%

32 Golden Years Manor Inc.                 $354,620             141
   Lonoke                                    $2,515          95.72%

33 Lakeside Nursing Center                 $351,884              90
   Lake City                                 $3,910          86.32%

34 Malvern Nursing Home                    $346,733              95
   Malvern                                   $3,650          85.86%

35 Oak Ridge Nursing Home                  $336,294             190
   El Dorado                                 $1,770          82.61%

36 Gardner Nursing Home of Star            $312,149             105
    City Inc.
   Star City                                 $2,973          84.16%

37 Heritage Park Nursing Center            $309,575             140
   Rogers                                    $2,211          63.63%

38 Lawrence Hall Nursing Center            $308,149             189
   Walnut Ridge                              $1,630          90.15%

   Facility                               Revenue        Medicaid
   Location                          Return on Revenue  Utilization

1  Hilltop Nursing Center               $6,038,946        71.97%
   Harrison                                 18.39%

2  Regional Healthcare Inc.             $4,240,123        80.85%
   Newport                                  23.23%

3  Woodruff County Nursing Home         $4,599,026        80.17%
   McCrory                                  20.44%

4  Beverly Healthcare                   $5,986,105        62.19%
   Rogers                                   12.91%

5  Batesville Nursing and Rehab         $4,773,265        76.11%
    Center
   Batesville                               15.84%

6  Beverly Healthcare                   $4,205,295        75.93%
   El Dorado                                15.98%

7  Dardanelle Nursing and Rehab         $3,946,992        73.52%
    Center
   Dardanelle                               16.39%

8  Salem Place Nursing and Rehab        $5,273,332        67.26%
    Center
   Conway                                   11.90%

9  Medi-Home Inc.                       $4,748,329        54.53%
   Fort Smith                               12.72$

10 Hillcrest Care and Rehab             $3,041,818        75.90%
   Prescott                                 18.88%

11 Three River Nursing Center           $3,294,530        91.92%
   Marked Tree                              16.84%

12 Lakewood Plaza Nursing Center        $3,559,564        23.43%
   North Little Rock                        15.14%

13 Beverly Healthcare                   $4,708,805        76.37%
   West Memphis                             10.76%

14 Crawford Healthcare and Rehab        $4,745,256        72.59%
    Center
   Van Buren                                10.17%

15 Twin Rivers Health and               $3,767,042        53.83%
    Rehabilitation
   Arkadelphia                              12.22%

16 Legacy Lodge Nursing Home            $2,994,021        78.21%
   Russellville                             14.91%

17 Mitchells Nursing Home Inc.          $3,098,878        79.21%
   Danville                                 14.40%

18 Beverly Healthcare                   $4,704,879        71.41%
   Jonesboro                                 9.11%

19 Randolph County Nursing Home         $4,069,432        81.50%
   Pocahontas                               10.49%

20 Beverly Health and Rehab Center      $7,557,530        77.52%
   Searcy                                    5.50%

21 Brookridge Life Care and Rehab       $4,439,166        78.54%
    Center
   Morrilton                                 9.29%

22 Stella Manor Nursing and Rehab       $4,871,648        77.97%
    Center
   Russellville                              8.30%

23 Beverly Healthcare                   $3,661,254        78.97%
   Monticello                               11.00%

24 Beverly Healthcare                   $3,259,667        81.87%
   Camden                                   12.15%

25 Northwest Nursing Center Inc.        $2,564,921        46.88%
   Fayetteville                             15.15%

26 Beverly Healthcare                   $2,795,353        81.30%
   Crossett                                 13.83%

27 Spring Creek Living Center           $3,220,864        85.44%
   Cabot                                    11.68%

28 Holland Nursing Center West          $2,371,607        73.47%
   Springdale                               15.77%

29 Brookewood Nursing Center            $3,544,438        76.95%
   De Queen                                 10.53%

30 Covington Court Health and Rehab     $4,761,871        49.18%
    Center
   Fort Smith                                7.76%

31 Heritage Living Center               $4,629,889        62.82%
   Conway                                    7.91%

32 Golden Years Manor Inc.              $5,281,734        70.75%
   Lonoke                                    6.71%

33 Lakeside Nursing Center              $3,544,283        70.69%
   Lake City                                 9.93%

34 Malvern Nursing Home                 $2,703,397        81.05%
   Malvern                                  12.83%

35 Oak Ridge Nursing Home               $6,308,169        73.31%
   El Dorado                                 5.33%

36 Gardner Nursing Home of Star         $3,159,179        87.67%
    City Inc.
   Star City                                 9.88%

37 Heritage Park Nursing Center         $3,289,486        69.55%
   Rogers                                    9.41%

38 Lawrence Hall Nursing Center         $5,713,007        85.35%
   Walnut Ridge                              5.39%

   Facility                          Medicaid
   Location                           Rate *

1  Hilltop Nursing Center             $96.59
   Harrison

2  Regional Healthcare Inc.           $81.94
   Newport

3  Woodruff County Nursing Home      $105.98
   McCrory

4  Beverly Healthcare                $102.25
   Rogers

5  Batesville Nursing and Rehab      $101.05
    Center
   Batesville

6  Beverly Healthcare                 $95.57
   El Dorado

7  Dardanelle Nursing and Rehab      $104.90
    Center
   Dardanelle

8  Salem Place Nursing and Rehab     $114.91
    Center
   Conway

9  Medi-Home Inc.                    $101.36
   Fort Smith

10 Hillcrest Care and Rehab           $99.25
   Prescott

11 Three River Nursing Center         $96.86
   Marked Tree

12 Lakewood Plaza Nursing Center     $105.71
   North Little Rock

13 Beverly Healthcare                $104.12
   West Memphis

14 Crawford Healthcare and Rehab     $100.08
    Center
   Van Buren

15 Twin Rivers Health and            $109.90
    Rehabilitation
   Arkadelphia

16 Legacy Lodge Nursing Home          $97.38
   Russellville

17 Mitchells Nursing Home Inc.        $98.42
   Danville

18 Beverly Healthcare                $114.00
   Jonesboro

19 Randolph County Nursing Home      $106.36
   Pocahontas

20 Beverly Health and Rehab Center   $106.55
   Searcy

21 Brookridge Life Care and Rehab    $102.38
    Center
   Morrilton

22 Stella Manor Nursing and Rehab    $106.04
    Center
   Russellville

23 Beverly Healthcare                $101.64
   Monticello

24 Beverly Healthcare                 $95.89
   Camden

25 Northwest Nursing Center Inc.      $98.13
   Fayetteville

26 Beverly Healthcare                 $99.21
   Crossett

27 Spring Creek Living Center         $98.68
   Cabot

28 Holland Nursing Center West        $96.01
   Springdale

29 Brookewood Nursing Center         $103.12
   De Queen

30 Covington Court Health and Rehab  $104.92
    Center
   Fort Smith

31 Heritage Living Center            $109.60
   Conway

32 Golden Years Manor Inc.           $103.72
   Lonoke

33 Lakeside Nursing Center           $103.62
   Lake City

34 Malvern Nursing Home               $97.08
   Malvern

35 Oak Ridge Nursing Home             $98.58
   El Dorado

36 Gardner Nursing Home of Star      $103.27
    City Inc.
   Star City

37 Heritage Park Nursing Center       $94.30
   Rogers

38 Lawrence Hall Nursing Center      $123.39
   Walnut Ridge

   Facility
   Location                          Chain Ownership

1  Hilltop Nursing Center            Beverly Enterprises Inc.
   Harrison

2  Regional Healthcare Inc.          Regional Management
   Newport

3  Woodruff County Nursing Home      --
   McCrory

4  Beverly Healthcare                Beverly Enterprises Inc.
   Rogers

5  Batesville Nursing and Rehab      Beverly Enterprises Inc.
    Center
   Batesville

6  Beverly Healthcare                Beverly Enterprises Inc.
   El Dorado

7  Dardanelle Nursing and Rehab      Central Arkasnas Nursing Centers
    Center                            Inc.
   Dardanelle

8  Salem Place Nursing and Rehab     Central Arkansas Nursing Centers
    Center                            Inc.
   Conway

9  Medi-Home Inc.                    Dr. Bob Mitchell et al
   Fort Smith

10 Hillcrest Care and Rehab          --
   Prescott

11 Three River Nursing Center        --
   Marked Tree

12 Lakewood Plaza Nursing Center     R.E. Catlett & Associates Inc.
   North Little Rock

13 Beverly Healthcare                Beverly Enterprises Inc.
   West Memphis

14 Crawford Healthcare and Rehab     Cornerstone Health Care Inc.
    Center
   Van Buren

15 Twin Rivers Health and            --
    Rehabilitation
   Arkadelphia

16 Legacy Lodge Nursing Home         --
   Russellville

17 Mitchells Nursing Home Inc.       --
   Danville

18 Beverly Healthcare                Beverly Enterprises Inc.
   Jonesboro

19 Randolph County Nursing Home      --
   Pocahontas

20 Beverly Health and Rehab Center   Beverly Enterprises Inc.
   Searcy

21 Brookridge Life Care and Rehab    Beverly Enterprises Inc.
    Center
   Morrilton

22 Stella Manor Nursing and Rehab    Central Arkansas Nursing Centers
    Center                            Inc.
   Russellville

23 Beverly Healthcare                Beverly Enterprises Inc.
   Monticello

24 Beverly Healthcare                Beverly Enterprises Inc.
   Camden

25 Northwest Nursing Center Inc.     --
   Fayetteville

26 Beverly Healthcare                Beverly Enterprises Inc.
   Crossett

27 Spring Creek Living Center        --
   Cabot

28 Holland Nursing Center West       --
   Springdale

29 Brookewood Nursing Center         --
   De Queen

30 Covington Court Health and Rehab  --
    Center
   Fort Smith

31 Heritage Living Center            --
   Conway

32 Golden Years Manor Inc.           --
   Lonoke

33 Lakeside Nursing Center           Extendi-Care Inc.
   Lake City

34 Malvern Nursing Home              --
   Malvern

35 Oak Ridge Nursing Home            --
   El Dorado

36 Gardner Nursing Home of Star      --
    City Inc.
   Star City

37 Heritage Park Nursing Center      Rose Care Inc.
   Rogers

38 Lawrence Hall Nursing Center      --
   Walnut Ridge

Source: Arkansas Department of Human Services, taken from cost reports
submitted by individual facilities.

* Weighted Medicaid reimbursement rate for January-June 2003, including
allowance for installing emergency generators required by Act 1602 of
2001.
COPYRIGHT 2003 Journal Publishing, Inc.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2003 Gale, Cengage Learning. All rights reserved.

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Comment:Arkansas business list: most profitable nursing homes. (Health Care Update).
Publication:Arkansas Business
Article Type:Illustration
Geographic Code:1U7AR
Date:Feb 3, 2003
Words:1697
Previous Article:Nursing home reimbursements up 52%. (Health Care Update).
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