A hospital in Freeport, IL. It ran an operating surplus of 6.3% in FY24 on $156.4M of operating revenue. It held 94 days of cash on hand (70th percentile among Rural PPS hospitals on liquidity). Operating margin declined from 13.0% in FY20 to 6.3% in FY24.
Operating margin · FY24
+6.3%
▲ 0.4 pts vs FY23
vs Rural PPS hospitals71st pctl of 387 (FY24)
Days cash on hand · FY24
94d
all sources
▼ 31.7 days vs FY23
vs Rural PPS hospitals70th pctl of 376 (FY24)
Total operating revenue · FY24
$156.4M
▲ 1.3 $M vs FY23
vs Rural PPS hospitals71st pctl of 393 (FY24)
Total margin · incl. nonoperating · FY24
+8.1%
▼ 5.2 pts vs FY23
vs Rural PPS hospitals65th pctl of 387 (FY24)
One point of operating margin at FHN MEMORIAL HOSPITAL is about $1.6M per year (1% of FY24 total operating revenue).
Where FHN MEMORIAL HOSPITAL 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 hospitalFHN MEMORIALRural 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
149,341
154,896
156,222
Other operating revenue
85
192
166
Total operating revenue
149,426
155,088
156,388
Total operating expenses
144,015
146,076
146,607
Operating income
5,411
9,012
9,781
Operating margin %
+3.6%
+5.8%
+6.3%
Grants & contributions
633
66
(388)
Investment income
(1,074)
1,771
1,078
Other non-operating, net
10,020
11,527
2,401
Net income
14,990
22,376
12,872
Net income %
+9.4%
+13.3%
+8.1%
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 92-bed hospital at 36% occupancy 71% 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
36.1%
Verified fact2024
HCRIS WS S-3
Average daily census
33.33
Verified fact2024
HCRIS WS S-3
Staffed beds (acute)
92
Verified fact2024
HCRIS WS S-3
Annual discharges
3,223
Verified fact2024
HCRIS WS S-3
Average length of stay
3.8d
Verified fact2024
HCRIS WS S-3
Outpatient share of patient revenue
70.8%
Verified fact2024
HCRIS WS G-2 L28
Total FTEs
484
Verified fact2024
HCRIS WS S-3 Pt II
Contract labor share of labor cost
19.8%
Verified fact2024
HCRIS WS S-3 Pt V
Who it serves
Total unreimbursed & uncompensated care
$10.4M
Verified fact2023
HCRIS WS S-10 line 31
How the care measures up
C. difficile infection (SIR)
0.816
No Different than National Benchmark
CMS-reported measure07/01/2024 to 06/30/2025
CMS Care Compare
Hospital-wide unplanned readmission
15.3%
No Different Than the National Rate
CMS-reported measure07/01/2023 to 06/30/2024
CMS Care Compare
Medicare spending per beneficiary
1.05
CMS-reported measure01/01/2024 to 12/31/2024
CMS Care Compare
Patient-safety composite (PSI-90)
0.873398
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
STEPHENSON County, IL · nonmetro, urban 20K+, metro-adjacent
Median household income
$61.9K
vs $82.1K US · $59.7K rural median
Poverty rate
13.1%
vs 12.5% US · 14.3% rural median
Uninsured
5.2%
vs 8.6% US · 8.4% rural median
Age 65+
23.9%
vs 16.8% US · 20.6% rural median
Fair or poor health
21.2%
self-reported, adults · CDC PLACES
Primary-care shortage
Designated
HRSA HPSA
Economic context: 10.3% of county personal income is Medicare/Medicaid medical benefits; 26.6% 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.
The Board Briefing$1,000
The free profile shows the record. The Board Briefing tells you what changed, what matters, and what your board should ask. 35+ pages, built entirely from public sources, no client data required. Delivered within 2 business days. If we cannot deliver the published scope for your facility, you pay nothing.
Where this facility is underperforming its matched peer cohort and what that gap is worth, measure by measure. Founding Edition: delivered within 30 days of eligibility confirmation, full refund if the published scope cannot be delivered.
