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: 12/14/2023

Financial Information

For Fiscal Year 7/1/2020 - 6/30/2021
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 $39,864,133
Other operating revenue $1,283,874
Net assets released from restriction $0
Total operating revenue $41,148,007

Expense

Labor$27,460,053
Non-labor$9,557,744
Capital$2,733,512
Taxes$3,819
Total operating expense$39,755,128
.
Operating income$1,392,879
Net non-operating gains (loss)$110,369
Revenue and gains
in excess of expenses and losses$1,503,248

Balance Sheet

Current assets$57,206,511
Net fixed assets$18,670,326
Other assets$20,375,975
Total assets$96,252,812
.
Current liabilities$7,055,902
Long term liabilities$6,060,000
Total liabilities$13,115,902
Total net assets$83,136,910

Click here for more information on operating and total margins.

Updated on: 05/18/2023

Subsidiaries

The facilities included below submit Annual Historical Filings to VHI, inclusive of financial and utilization information.
Please note that this is not a comprehensive list of subsidiaries associated with each parent company.

Facility Name	City	Facility Type
Lake Taylor Transitional Care Hospital 1309 Kempsville Road	Norfolk	Sub-Acute Hospital
Lake Taylor Transitional Care Hospital LTCU 1309 Kempsville Road	Norfolk	Hospital - Long Term Care Unit
Total Facilities: 2

Virginia Parent Companies