A hospital in Chicago, IL. It ran an operating loss of 17.3% in FY25 on $2875.6M of operating revenue. It held 343 days of cash on hand (93rd percentile among Urban PPS hospitals on liquidity). Operating margin declined from -8.5% in FY21 to -17.3% in FY25. Including nonoperating items, the all-in result was positive at 7.3%.
Operating margin · FY25
-17.3%
▼ 3.9 pts vs FY24
vs Urban PPS hospitals12th pctl of 1,475 (FY25)
Days cash on hand · FY25
343d
all sources
▼ 20.3 days vs FY24
vs Urban PPS hospitals93rd pctl of 1,386 (FY25)
Total operating revenue · FY25
$2.88B
▲ 223.5 $M vs FY24
vs Urban PPS hospitals98th pctl of 1,503 (FY25)
Total margin · incl. nonoperating · FY25
+7.3%
▼ 1.7 pts vs FY24
vs Urban PPS hospitals55th pctl of 1,475 (FY25)
One point of operating margin at NORTHWESTERN MEMORIAL HOSPITAL is about $28.8M per year (1% of FY25 total operating revenue).
Where NORTHWESTERN MEMORIAL HOSPITAL 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 hospitalNORTHWESTERN MEMORIALUrban 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
FY23
FY24
FY25
Patient revenue
2,380,196
2,596,870
2,815,367
Other operating revenue
45,618
55,222
60,239
Total operating revenue
2,425,814
2,652,091
2,875,606
Total operating expenses
2,817,697
3,008,806
3,373,847
Operating income
(391,883)
(356,715)
(498,240)
Operating margin %
-16.2%
-13.5%
-17.3%
Grants & contributions
107
98
—
Investment income
41,016
50,009
44,363
Other non-operating, net
540,631
602,898
719,691
Net income
189,871
296,290
265,814
Net income %
+6.3%
+9.0%
+7.3%
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 713-bed hospital at 90% occupancy 50% 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
90.3%
Verified fact2025
HCRIS WS S-3
Average daily census
644.68
Verified fact2025
HCRIS WS S-3
Staffed beds (acute)
713
Verified fact2025
HCRIS WS S-3
Annual discharges
59,224
Verified fact2025
HCRIS WS S-3
Average length of stay
4.0d
Verified fact2025
HCRIS WS S-3
Outpatient share of patient revenue
49.5%
Verified fact2025
HCRIS WS G-2 L28
Total FTEs
7,091
Verified fact2025
HCRIS WS S-3 Pt II
Contract labor share of labor cost
19.5%
Verified fact2025
HCRIS WS S-3 Pt V
How the care measures up
C. difficile infection (SIR)
0.362
Better than the National Benchmark
CMS-reported measure07/01/2024 to 06/30/2025
CMS Care Compare
Hospital-wide unplanned readmission
15%
No Different Than the National Rate
CMS-reported measure07/01/2023 to 06/30/2024
CMS Care Compare
Medicare spending per beneficiary
0.94
CMS-reported measure01/01/2024 to 12/31/2024
CMS Care Compare
Patient-safety composite (PSI-90)
0.744837
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
COOK County, IL
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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