A hospital in Crestview, FL. It ran an operating surplus of 43.0% in FY25 on $143.5M of operating revenue. It held 0 days of cash on hand (21st percentile among Urban PPS hospitals on liquidity). Operating margin improved from 37.4% in FY21 to 43.0% in FY25, though it fell 3.8 points in the most recent year.
Operating margin · FY25
+43.0%
▼ 3.8 pts vs FY24
vs Urban PPS hospitals99th pctl of 1,475 (FY25)
Days cash on hand · FY25
0d
all sources
▲ 0.1 days vs FY23
vs Urban PPS hospitals21st pctl of 1,386 (FY25)
Total operating revenue · FY25
$143.5M
▲ 14.1 $M vs FY24
vs Urban PPS hospitals29th pctl of 1,503 (FY25)
Total margin · incl. nonoperating · FY25
+43.0%
▼ 3.8 pts vs FY24
vs Urban PPS hospitals98th pctl of 1,475 (FY25)
One point of operating margin at NORTH OKALOOSA MEDICAL CENTER is about $1.4M per year (1% of FY25 total operating revenue).
Where NORTH OKALOOSA MEDICAL sits among Urban PPS hospitals
Operating margin · FY25 pool · n = 1,475 of 2,681 filed
Each point is one Urban 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 Urban PPS hospital median is +1.3%. Descriptive context only, not a ranking.
One urban pps hospitalNORTH OKALOOSAUrban 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.
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
FY23
FY24
FY25
Patient revenue
120,011
128,787
142,897
Other operating revenue
1,234
592
574
Total operating revenue
121,245
129,379
143,471
Total operating expenses
69,266
68,830
81,774
Operating income
51,979
60,549
61,697
Operating margin %
+42.9%
+46.8%
+43.0%
Net income
51,979
60,549
61,697
Net income %
+42.9%
+46.8%
+43.0%
HCRIS Worksheet G-3 / S-3 · $ thousands · FY21–FY25 · FY20–21 may include COVID-era relief funding in nonoperating income
FY21, FY22, FY23 net patient A/R is not shown: gross A/R was not reported on the filing, making the derived net figure spurious (AR quality flag).
How it operates
quality & operational context · CMS public reporting
A 94-bed hospital at 61% occupancy 57% 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
60.8%
Verified fact2025
HCRIS WS S-3
Average daily census
57.29
Verified fact2025
HCRIS WS S-3
Staffed beds (acute)
94
Verified fact2025
HCRIS WS S-3
Annual discharges
6,374
Verified fact2025
HCRIS WS S-3
Average length of stay
3.3d
Verified fact2025
HCRIS WS S-3
Outpatient share of patient revenue
57.4%
Verified fact2025
HCRIS WS G-2 L28
Total FTEs
528.30
Verified fact2025
HCRIS WS S-3 Pt II
Contract labor share of labor cost
15.9%
Verified fact2025
HCRIS WS S-3 Pt V
How the care measures up
C. difficile infection (SIR)
0
Better than the National Benchmark
CMS-reported measure07/01/2024 to 06/30/2025
CMS Care Compare
Hospital-wide unplanned readmission
16.5%
Worse Than the National Rate
CMS-reported measure07/01/2023 to 06/30/2024
CMS Care Compare
Medicare spending per beneficiary
1.03
CMS-reported measure01/01/2024 to 12/31/2024
CMS Care Compare
Patient-safety composite (PSI-90)
0.756484
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
OKALOOSA County, FL
Median household income
$79.1K
vs $82.1K US · $59.7K rural median
Poverty rate
9.3%
vs 12.5% US · 14.3% rural median
Uninsured
11.4%
vs 8.6% US · 8.4% rural median
Age 65+
16.4%
vs 16.8% US · 20.6% rural median
Fair or poor health
17.2%
self-reported, adults · CDC PLACES
Primary-care shortage
Designated
HRSA HPSA
Economic context: 7.7% of county personal income is Medicare/Medicaid medical benefits; 21.0% arrives as government transfers (BEA, 2022).
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