A hospital in New Castle, IN. It ran an operating surplus of 5.3% in FY24 on $159.7M of operating revenue. It held 84 days of cash on hand (67th percentile among Rural PPS hospitals on liquidity). Operating margin improved from -8.8% in FY20 to 5.3% in FY24.
Operating margin · FY24
+5.3%
▲ 4.9 pts vs FY23
vs Rural PPS hospitals68th pctl of 387 (FY24)
Days cash on hand · FY24
84d
all sources
▼ 3.1 days vs FY23
vs Rural PPS hospitals67th pctl of 376 (FY24)
Total operating revenue · FY24
$159.7M
▲ 11.4 $M vs FY23
vs Rural PPS hospitals73rd pctl of 393 (FY24)
Total margin · incl. nonoperating · FY24
+6.7%
▲ 4.3 pts vs FY23
vs Rural PPS hospitals63rd pctl of 387 (FY24)
One point of operating margin at HENRY COUNTY MEMORIAL HOSPITAL is about $1.6M per year (1% of FY24 total operating revenue).
Where HENRY COUNTY MEMORIAL 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 hospitalHENRY COUNTYRural 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
137,750
141,886
154,097
Other operating revenue
5,265
6,415
5,567
Total operating revenue
143,015
148,300
159,664
Total operating expenses
140,037
147,706
151,221
Operating income
2,977
594
8,443
Operating margin %
+2.1%
+0.4%
+5.3%
Investment income
(3,295)
2,857
2,250
Other non-operating, net
577
107
133
Net income
259
3,558
10,826
Net income %
+0.2%
+2.4%
+6.7%
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 38-bed hospital at 37% occupancy 86% 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
37.2%
Verified fact2024
HCRIS WS S-3
Average daily census
14.19
Verified fact2024
HCRIS WS S-3
Staffed beds (acute)
38
Verified fact2024
HCRIS WS S-3
Annual discharges
1,703
Verified fact2024
HCRIS WS S-3
Average length of stay
3.0d
Verified fact2024
HCRIS WS S-3
Outpatient share of patient revenue
85.9%
Verified fact2024
HCRIS WS G-2 L28
Total FTEs
673.30
Verified fact2024
HCRIS WS S-3 Pt II
Contract labor share of labor cost
20.0%
Verified fact2024
HCRIS WS S-3 Pt V
Who it serves
Total unreimbursed & uncompensated care
$15.7M
Verified fact2023
HCRIS WS S-10 line 31
How the care measures up
C. difficile infection (SIR)
1.048
No Different than National Benchmark
CMS-reported measure07/01/2024 to 06/30/2025
CMS Care Compare
Hospital-wide unplanned readmission
14.9%
No Different Than the National Rate
CMS-reported measure07/01/2023 to 06/30/2024
CMS Care Compare
Medicare spending per beneficiary
1.06
CMS-reported measure01/01/2024 to 12/31/2024
CMS Care Compare
Patient-safety composite (PSI-90)
0.946034
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
HENRY County, IN · nonmetro, urban 5–20K, metro-adjacent
Median household income
$60.1K
vs $82.1K US · $59.7K rural median
Poverty rate
13.0%
vs 12.5% US · 14.3% rural median
Uninsured
6.7%
vs 8.6% US · 8.4% rural median
Age 65+
19.2%
vs 16.8% US · 20.6% rural median
Fair or poor health
22.1%
self-reported, adults · CDC PLACES
Primary-care shortage
Designated
HRSA HPSA
Economic context: 16.2% of county personal income is Medicare/Medicaid medical benefits; 32.0% 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.
