A hospital in Elgin, IL. It ran an operating surplus of 7.6% in FY24 on $396.4M of operating revenue. It held 59 days of cash on hand (63rd percentile among Urban PPS hospitals on liquidity). Operating margin improved from 0.2% in FY20 to 7.6% in FY24.
Operating margin · FY24
+7.6%
vs Urban PPS hospitals66th pctl of 2,562 (FY24)
Days cash on hand · FY24
59d
all sources
vs Urban PPS hospitals63rd pctl of 2,354 (FY24)
Total operating revenue · FY24
$396.4M
vs Urban PPS hospitals64th pctl of 2,608 (FY24)
Total margin · incl. nonoperating · FY24
+7.9%
vs Urban PPS hospitals58th pctl of 2,563 (FY24)
Benchmarked within its own FY24 pool (n=2,562); the Urban PPS hospital cohort's current year is FY25.
One point of operating margin at ADVOCATE SHERMAN HOSPITAL is about $4.0M per year (1% of FY24 total operating revenue).
Where ADVOCATE SHERMAN HOSPITAL sits among Urban PPS hospitals
Operating margin · FY24 pool · n = 2,562 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 +2.0%. Descriptive context only, not a ranking.
Benchmarked within its own FY24 pool (n=2,562); the Urban PPS hospital cohort's current year is FY25.
One urban pps hospitalADVOCATE SHERMANUrban 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
356,099
367,035
392,774
Other operating revenue
3,803
2,659
3,612
Total operating revenue
359,901
369,694
396,386
Total operating expenses
361,195
356,823
366,393
Operating income
(1,294)
12,871
29,992
Operating margin %
-0.4%
+3.5%
+7.6%
Grants & contributions
3,718
474
521
Investment income
—
18
—
Other non-operating, net
760
576
866
Net income
3,184
13,939
31,379
Net income %
+0.9%
+3.8%
+7.9%
HCRIS Worksheet G-3 / S-3 · $ thousands · FY20–FY24 · FY20–21 may include COVID-era relief funding in nonoperating income
How it operates
quality & operational context · CMS public reporting
A 225-bed hospital at 60% occupancy 56% 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
59.7%
Verified fact2024
HCRIS WS S-3
Average daily census
134.65
Verified fact2024
HCRIS WS S-3
Staffed beds (acute)
225
Verified fact2024
HCRIS WS S-3
Annual discharges
15,025
Verified fact2024
HCRIS WS S-3
Average length of stay
3.3d
Verified fact2024
HCRIS WS S-3
Outpatient share of patient revenue
56.0%
Verified fact2024
HCRIS WS G-2 L28
Total FTEs
1,251
Verified fact2024
HCRIS WS S-3 Pt II
Contract labor share of labor cost
20.6%
Verified fact2024
HCRIS WS S-3 Pt V
Who it serves
Total unreimbursed & uncompensated care
$32.7M
Verified fact2023
HCRIS WS S-10 line 31
How the care measures up
C. difficile infection (SIR)
0.208
Better than the National Benchmark
CMS-reported measure07/01/2024 to 06/30/2025
CMS Care Compare
Hospital-wide unplanned readmission
15.4%
No Different Than the National Rate
CMS-reported measure07/01/2023 to 06/30/2024
CMS Care Compare
Medicare spending per beneficiary
0.99
CMS-reported measure01/01/2024 to 12/31/2024
CMS Care Compare
Patient-safety composite (PSI-90)
0.81792
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
KANE County, IL · metro, 1M+ population
Median household income
$100.7K
vs $82.1K US · $59.7K rural median
Poverty rate
8.3%
vs 12.5% US · 14.3% rural median
Uninsured
7.9%
vs 8.6% US · 8.4% rural median
Age 65+
15.0%
vs 16.8% US · 20.6% rural median
Fair or poor health
18.0%
self-reported, adults · CDC PLACES
Primary-care shortage
Designated
HRSA HPSA
Economic context: 5.0% of county personal income is Medicare/Medicaid medical benefits; 14.0% arrives as government transfers (BEA, 2022).
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