A hospital in Sterling, CO. It ran an operating surplus of 7.6% in FY24 on $62.6M of operating revenue. It held 0 days of cash on hand (18th percentile among Rural PPS hospitals on liquidity). Operating margin declined from 10.0% in FY20 to 7.6% in FY24, though it rose 10.6 points in the most recent year.
Operating margin · FY24
+7.6%
▲ 10.6 pts vs FY23
vs Rural PPS hospitals74th pctl of 387 (FY24)
Days cash on hand · FY24
0d
all sources
▼ 0.3 days vs FY23
vs Rural PPS hospitals18th pctl of 376 (FY24)
Total operating revenue · FY24
$62.6M
▲ 6.4 $M vs FY23
vs Rural PPS hospitals35th pctl of 393 (FY24)
Total margin · incl. nonoperating · FY24
+9.3%
▲ 2.6 pts vs FY23
vs Rural PPS hospitals70th pctl of 387 (FY24)
One point of operating margin at STERLING REGIONAL MEDCENTER is about $626K per year (1% of FY24 total operating revenue).
Where STERLING REGIONAL MEDCENTER sits among Rural PPS hospitals
Operating margin · FY24 pool · n = 387 of 418 filed
Each point is one Rural PPS hospital 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 Rural PPS hospital median is -0.9%. Descriptive context only, not a ranking.
One rural pps hospitalSTERLING REGIONALRural PPS hospital median
The money
$ thousands · HCRIS cost-report basis · as filed, QA-gated
Ratios tell you how this hospital 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.
Net patient receivables ÷ (net patient revenue ÷ 365), same fiscal year
HCRIS WS G / G-3
$ in thousands
Line item
FY22
FY23
FY24
Patient revenue
57,726
56,109
62,552
Other operating revenue
0
2
—
Total operating revenue
57,726
56,111
62,552
Total operating expenses
55,884
57,762
57,778
Operating income
1,842
(1,652)
4,774
Operating margin %
+3.2%
-2.9%
+7.6%
Investment income
(4)
4
0
Other non-operating, net
1,930
5,759
1,122
Net income
3,768
4,111
5,896
Net income %
+6.3%
+6.6%
+9.3%
HCRIS Worksheet G-3 / S-3 · $ thousands · FY20–FY24 · where other operating income is not reported, total operating revenue reflects net patient revenue alone · FY20–21 may include COVID-era relief funding in nonoperating income
How it operates
quality & operational context · CMS public reporting
A 21-bed hospital at 32% occupancy 83% of patient revenue is outpatient.
The metrics this hospital 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.
Scale and flow
Occupancy
32.3%
Verified fact2024
HCRIS WS S-3
Average daily census
6.80
Verified fact2024
HCRIS WS S-3
Staffed beds (acute)
21
Verified fact2024
HCRIS WS S-3
Annual discharges
964
Verified fact2024
HCRIS WS S-3
Average length of stay
2.6d
Verified fact2024
HCRIS WS S-3
Outpatient share of patient revenue
82.8%
Verified fact2024
HCRIS WS G-2 L28
Total FTEs
198.60
Verified fact2024
HCRIS WS S-3 Pt II
Contract labor share of labor cost
18.6%
Verified fact2024
HCRIS WS S-3 Pt V
Who it serves
Total unreimbursed & uncompensated care
$1.1M
Verified fact2023
HCRIS WS S-10 line 31
How the care measures up
C. difficile infection (SIR)
Results cannot be calculated for this reporting period.
CMS-reported measure07/01/2024 to 06/30/2025
CMS Care Compare
Hospital-wide unplanned readmission
15%
No Different Than the National Rate
CMS-reported measure07/01/2023 to 06/30/2024
CMS Care Compare
Medicare spending per beneficiary
0.91
CMS-reported measure01/01/2024 to 12/31/2024
CMS Care Compare
Patient-safety composite (PSI-90)
0.952785
CMS-reported measure07/01/2022 to 06/30/2024
CMS Care Compare
Trajectory
Cost-report basis · 5 reporting years
Operating margin
Days cash on hand
The county this hospital serves
LOGAN County, CO · nonmetro, urban 5–20K, metro-adjacent
Median household income
$55.1K
vs $82.1K US · $59.7K rural median
Poverty rate
13.1%
vs 12.5% US · 14.3% rural median
Uninsured
8.8%
vs 8.6% US · 8.4% rural median
Age 65+
18.6%
vs 16.8% US · 20.6% rural median
Fair or poor health
20.7%
self-reported, adults · CDC PLACES
Primary-care shortage
Designated
HRSA HPSA
Economic context: 10.8% of county personal income is Medicare/Medicaid medical benefits; 23.3% arrives as government transfers (BEA, 2022).
Method: NCRHW 2016 study of critical access hospitals (IMPLAN Type II), employment × 1.34, earnings × 1.19; output × 2.30 (AHA national, upper bound for rural). This hospital is not a critical access hospital. No published multiplier specific to its type was used, so the CAH ratios are applied unchanged and every multiplied figure here should be read as an upper-bound estimate, not a measurement of this facility. Direct figures are reported values from the facility's HCRIS cost report; multiplied figures are estimates.
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