Astrelis
Urban PPS hospital · Chicago, IL

ADVOCATE ILLINOIS MASONIC MEDICAL CENTER

CCN 140182COOK CountyVoluntary non-profit - PrivateUrban (USDA RUCC)145 bedsLatest FY 2024
Cost-report basis
HCRIS · as filed
Not audited by Astrelis
The read

A hospital in Chicago, IL. It ran an operating surplus of 15.7% in FY24 on $869.9M of operating revenue. Operating margin improved from 14.7% in FY20 to 15.7% in FY24, though it fell 7.6 points in the most recent year.

Operating margin · FY24
+15.7%
7.6 pts vs FY23
vs Urban PPS hospitals83rd pctl of 2,562 (FY24)
Days cash on hand
Not available
all sources
vs Urban PPS hospitals
Total operating revenue · FY24
$869.9M
27.3 $M vs FY23
vs Urban PPS hospitals87th pctl of 2,608 (FY24)
Total margin · incl. nonoperating · FY24
+21.7%
1.6 pts vs FY23
vs Urban PPS hospitals89th 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 ILLINOIS MASONIC MEDICAL CENTER is about $8.7M per year (1% of FY24 total operating revenue).

Where ADVOCATE ILLINOIS MASONIC 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.
-20%-10%0%+10%+20%Urban PPS hospital median +2.027429837815152%ADVOCATE ILLINOIS +15.70641300707805%-20%0%+20%Urban PPS hospital median +2.027429837815152%ADVOCATE ILLINOIS +15.70641300707805%
One urban pps hospitalADVOCATE ILLINOISUrban 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.

Operating margin
+15.7% (FY24)
Operating income ÷ total operating revenue
HCRIS WS G-3
Total margin
+21.7% (FY24)
Net income ÷ total revenue incl. nonoperating
HCRIS WS G-3
Days cash on hand
Not reported in this filing
Cash, investments & board-designated reserves ÷ daily operating expense (excl. depreciation)
HCRIS WS G / G-3
Current ratio
1.06× (FY24)
Total current assets ÷ current liabilities
HCRIS WS G
Equity financing ratio
48% (FY24)
Total net assets ÷ total assets
HCRIS WS G
Days in net patient A/R
Not shown, outside plausibility bounds
Net patient receivables ÷ (net patient revenue ÷ 365), same fiscal year
HCRIS WS G / G-3
$ in thousands
Line itemFY22FY23FY24
Patient revenue713,227786,172865,964
Other operating revenue15,96056,4073,895
Total operating revenue729,187842,579869,859
Total operating expenses581,266646,301733,235
Operating income147,921196,278136,624
Operating margin %+20.3%+23.3%+15.7%
Grants & contributions5,536
Other non-operating, net0061,374
Net income147,921196,278203,534
Net income %+20.3%+23.3%+21.7%
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 145-bed hospital at 49% occupancy 69% 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
48.8%
Verified fact2024
HCRIS WS S-3
Average daily census
65.51
Verified fact2024
HCRIS WS S-3
Staffed beds (acute)
145
Verified fact2024
HCRIS WS S-3
Annual discharges
11,383
Verified fact2024
HCRIS WS S-3
Average length of stay
2.1d
Verified fact2024
HCRIS WS S-3
Outpatient share of patient revenue
68.6%
Verified fact2024
HCRIS WS G-2 L28
Total FTEs
2,176
Verified fact2024
HCRIS WS S-3 Pt II
Contract labor share of labor cost
19.6%
Verified fact2024
HCRIS WS S-3 Pt V
Who it serves
Total unreimbursed & uncompensated care
$38.4M
Verified fact2023
HCRIS WS S-10 line 31
How the care measures up
C. difficile infection (SIR)
0.366
Better than the National Benchmark
CMS-reported measure07/01/2024 to 06/30/2025
CMS Care Compare
Hospital-wide unplanned readmission
16.2%
Worse Than the National Rate
CMS-reported measure07/01/2023 to 06/30/2024
CMS Care Compare
Medicare spending per beneficiary
1.01
CMS-reported measure01/01/2024 to 12/31/2024
CMS Care Compare
Patient-safety composite (PSI-90)
1.42102
CMS-reported measure07/01/2022 to 06/30/2024
CMS Care Compare

Trajectory

Cost-report basis · 5 reporting years
Operating margin
+14.7%+17.6%+20.3%+23.3%+15.7%FY20FY21FY22FY23FY24
Days cash on hand
Not available
FY24 days cash suppressed: out of display range.

The county this hospital serves

COOK County, IL · metro, 1M+ population
Median household income
$81.8K
vs $82.1K US · $59.7K rural median
Poverty rate
13.3%
vs 12.5% US · 14.3% rural median
Uninsured
9.0%
vs 8.6% US · 8.4% rural median
Age 65+
15.5%
vs 16.8% US · 20.6% rural median
Fair or poor health
18.7%
self-reported, adults · CDC PLACES
Primary-care shortage
Designated
HRSA HPSA
Economic context: 7.8% of county personal income is Medicare/Medicaid medical benefits; 16.2% arrives as government transfers (BEA, 2022).

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