A hospital in Fort Walton Beach, FL. It ran an operating surplus of 42.2% in FY25 on $393.3M of operating revenue. It held 2 days of cash on hand (31st percentile among Urban PPS hospitals on liquidity). Operating margin improved from 37.5% in FY21 to 42.2% in FY25.
Operating margin · FY25
+42.2%
▲ 0.6 pts vs FY24
vs Urban PPS hospitals98th pctl of 1,475 (FY25)
Days cash on hand · FY25
2d
all sources
▲ 0.6 days vs FY24
vs Urban PPS hospitals31st pctl of 1,386 (FY25)
Total operating revenue · FY25
$393.3M
▲ 21.2 $M vs FY24
vs Urban PPS hospitals62nd pctl of 1,503 (FY25)
Total margin · incl. nonoperating · FY25
+42.2%
▲ 0.6 pts vs FY24
vs Urban PPS hospitals98th pctl of 1,475 (FY25)
One point of operating margin at HCA FLORIDA FORT WALTON-DESTIN HOSPITAL is about $3.9M per year (1% of FY25 total operating revenue).
Where HCA FLORIDA FORT 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 hospitalHCA FLORIDAUrban 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
361,289
369,357
386,840
Other operating revenue
2,671
2,729
6,494
Total operating revenue
363,960
372,085
393,335
Total operating expenses
223,495
216,983
227,172
Operating income
140,465
155,103
166,162
Operating margin %
+38.6%
+41.7%
+42.2%
Other non-operating, net
0
0
1
Net income
140,465
155,103
166,163
Net income %
+38.6%
+41.7%
+42.2%
HCRIS Worksheet G-3 / S-3 · $ thousands · FY21–FY25 · FY20–21 may include COVID-era relief funding in nonoperating income
How it operates
quality & operational context · CMS public reporting
A 197-bed hospital at 64% occupancy 47% 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
63.6%
Verified fact2025
HCRIS WS S-3
Average daily census
125.62
Verified fact2025
HCRIS WS S-3
Staffed beds (acute)
197
Verified fact2025
HCRIS WS S-3
Annual discharges
11,767
Verified fact2025
HCRIS WS S-3
Average length of stay
3.9d
Verified fact2025
HCRIS WS S-3
Outpatient share of patient revenue
47.0%
Verified fact2025
HCRIS WS G-2 L28
Total FTEs
861.30
Verified fact2025
HCRIS WS S-3 Pt II
Contract labor share of labor cost
19.6%
Verified fact2025
HCRIS WS S-3 Pt V
How the care measures up
C. difficile infection (SIR)
0.03
Better than the National Benchmark
CMS-reported measure07/01/2024 to 06/30/2025
CMS Care Compare
Hospital-wide unplanned readmission
17%
Worse Than the National Rate
CMS-reported measure07/01/2023 to 06/30/2024
CMS Care Compare
Medicare spending per beneficiary
1.06
CMS-reported measure01/01/2024 to 12/31/2024
CMS Care Compare
Patient-safety composite (PSI-90)
0.954679
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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