Lake Taylor Transitional Care Hospital

General Info

Our General Information includes locations, prices, facility size and other information to get you started comparing facilities.

Address:
1309 Kempsville Road
Norfolk, VA 23502
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(757) 461-5001

Administrator:
Thomas J. Orsini
President/CEO

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Website: laketaylor.org

Updated on: 04/30/2024

Financial Information

For Fiscal Year 7/1/2021 - 6/30/2022
Why is this important?

Parent Hospital financial information was originally intended to benefit of large employers and purchasers of care.
However, consumers should know that financially healthy hospitals may be better able to provide charity care and invest in infrastructure, and technology.

Revenue

Net patient service revenue $44,370,027
Other operating revenue $978,140
Net assets released from restriction $0
Total operating revenue $45,348,167

Expense

Labor$27,398,892
Non-labor$9,553,025
Capital$2,666,141
Taxes$4,044
Total operating expense$39,622,102
.
Operating income$5,726,065
Net non-operating gains (loss)($645,220)
Revenue and gains
in excess of expenses and losses$5,080,845

Balance Sheet

Current assets$52,909,997
Net fixed assets$17,785,964
Other assets$16,991,725
Total assets$87,687,686
.
Current liabilities$8,912,790
Long term liabilities$5,700,000
Total liabilities$14,612,790
Total net assets$73,074,896

Click here for more information on operating and total margins.