A hospital in Michigan City, IN. It ran an operating surplus of 11.4% in FY24 on $401.8M of operating revenue. It held 176 days of cash on hand (82nd percentile among Urban PPS hospitals on liquidity). Operating margin declined from 20.7% in FY21 to 11.4% in FY24, though it rose 4.6 points in the most recent year.
Operating margin · FY24
+11.4%
▲ 4.6 pts vs FY23
vs Urban PPS hospitals75th pctl of 2,562 (FY24)
Days cash on hand · FY24
176d
all sources
▲ 67.6 days vs FY23
vs Urban PPS hospitals82nd pctl of 2,354 (FY24)
Total operating revenue · FY24
$401.8M
▲ 44.4 $M vs FY23
vs Urban PPS hospitals65th pctl of 2,608 (FY24)
Total margin · incl. nonoperating · FY24
+14.4%
▲ 7.8 pts vs FY23
vs Urban PPS hospitals76th 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 FRANCISCAN HEALTH MICHIGAN CITY is about $4.0M per year (1% of FY24 total operating revenue).
Where FRANCISCAN HEALTH MICHIGAN 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 hospitalFRANCISCAN HEALTHUrban 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
276,725
350,440
394,617
Other operating revenue
5,397
6,936
7,190
Total operating revenue
282,121
357,375
401,807
Total operating expenses
259,763
332,764
355,846
Operating income
22,358
24,612
45,960
Operating margin %
+7.9%
+6.9%
+11.4%
Investment income
(1,556)
—
—
Other non-operating, net
1,819
(867)
14,099
Net income
22,621
23,745
60,059
Net income %
+8.0%
+6.7%
+14.4%
HCRIS Worksheet G-3 / S-3 · $ thousands · FY20–FY24 · FY20–21 may include COVID-era relief funding in nonoperating income
FY20 operating and total margins are not shown: they compute from near-zero net patient revenue, so the ratio is not meaningful (display gate; statement values unchanged).
FY21 accounts receivable is not shown: patient receivables not separately identified on the filed balance sheet.
How it operates
quality & operational context · CMS public reporting
A 125-bed hospital at 63% occupancy 74% 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
62.8%
Verified fact2024
HCRIS WS S-3
Average daily census
77.84
Verified fact2024
HCRIS WS S-3
Staffed beds (acute)
125
Verified fact2024
HCRIS WS S-3
Annual discharges
6,559
Verified fact2024
HCRIS WS S-3
Average length of stay
4.3d
Verified fact2024
HCRIS WS S-3
Outpatient share of patient revenue
74.5%
Verified fact2024
HCRIS WS G-2 L28
Total FTEs
932.20
Verified fact2024
HCRIS WS S-3 Pt II
Who it serves
Total unreimbursed & uncompensated care
$9.9M
Verified fact2023
HCRIS WS S-10 line 31
How the care measures up
C. difficile infection (SIR)
0.631
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
0.99
CMS-reported measure01/01/2024 to 12/31/2024
CMS Care Compare
Patient-safety composite (PSI-90)
0.891909
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
LA PORTE County, IN
Median household income
$70.5K
vs $82.1K US · $59.7K rural median
Poverty rate
14.0%
vs 12.5% US · 14.3% rural median
Uninsured
6.4%
vs 8.6% US · 8.4% rural median
Age 65+
18.9%
vs 16.8% US · 20.6% rural median
Fair or poor health
22.9%
self-reported, adults · CDC PLACES
Primary-care shortage
Designated
HRSA HPSA
Economic context: 11.8% of county personal income is Medicare/Medicaid medical benefits; 26.1% arrives as government transfers (BEA, 2022).
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