Financial anchor year: FY24. Margin and revenue are as filed for FY24. Balance-sheet measures (current ratio, equity financing, days in A/R) use FY23, the latest filing whose balance sheet reconciled as filed. Days cash on hand is FY23, the most recent year that passed the display gate. Every tile below states its own fiscal year; nothing is carried forward or estimated.
The read
A hospital in New Albany, IN. It ran an operating surplus of 13.6% in FY24 on $61.5M of operating revenue. It held 32 days of cash on hand in FY23, its most recent reported liquidity (55th percentile among Urban PPS hospitals on liquidity). Operating margin declined from 14.8% in FY20 to 13.6% in FY24.
Operating margin · FY24
+13.6%
vs Urban PPS hospitals79th pctl of 2,562 (FY24)
Days cash on hand · FY23
32d
all sources
vs Urban PPS hospitals55th pctl of 2,354 (FY24)
Total operating revenue · FY24
$61.5M
vs Urban PPS hospitals13th pctl of 2,608 (FY24)
Total margin · incl. nonoperating · FY24
+13.6%
vs Urban PPS hospitals74th 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 PHYSICIANS' MEDICAL CENTER LLC is about $615K per year (1% of FY24 total operating revenue).
Where PHYSICIANS' MEDICAL CENTER 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 hospitalPHYSICIANS' MEDICALUrban 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
60,010
59,323
60,679
Other operating revenue
233
5
843
Total operating revenue
60,243
59,328
61,522
Total operating expenses
45,040
48,426
53,171
Operating income
15,203
10,902
8,351
Operating margin %
+25.2%
+18.4%
+13.6%
Other non-operating, net
0
0
0
Net income
15,203
10,902
8,351
Net income %
+25.2%
+18.4%
+13.6%
HCRIS Worksheet G-3 / S-3 · $ thousands · FY20–FY24 · FY20–21 may include COVID-era relief funding in nonoperating income
FY20 net patient A/R is not shown: gross A/R was not reported on the filing, making the derived net figure spurious (AR quality flag).
How it operates
quality & operational context · CMS public reporting
A 10-bed hospital at 19% occupancy 92% 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
18.8%
Verified fact2024
HCRIS WS S-3
Average daily census
1.88
Verified fact2024
HCRIS WS S-3
Staffed beds (acute)
10
Verified fact2024
HCRIS WS S-3
Annual discharges
360
Verified fact2024
HCRIS WS S-3
Average length of stay
1.9d
Verified fact2024
HCRIS WS S-3
Outpatient share of patient revenue
91.7%
Verified fact2024
HCRIS WS G-2 L28
Total FTEs
198
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
$0.0M
Verified fact2022
HCRIS WS S-10 line 31
How the care measures up
C. difficile infection (SIR)
Results cannot be calculated for this reporting period.
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
0.97
CMS-reported measure01/01/2024 to 12/31/2024
CMS Care Compare
Patient-safety composite (PSI-90)
0.924365
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
FY24 days cash suppressed: out of display range.
The county this hospital serves
FLOYD County, IN · metro, 1M+ population
Median household income
$78.2K
vs $82.1K US · $59.7K rural median
Poverty rate
10.0%
vs 12.5% US · 14.3% rural median
Uninsured
5.1%
vs 8.6% US · 8.4% rural median
Age 65+
17.1%
vs 16.8% US · 20.6% rural median
Fair or poor health
19.5%
self-reported, adults · CDC PLACES
Primary-care shortage
Not designated
HRSA HPSA
Economic context: 9.3% of county personal income is Medicare/Medicaid medical benefits; 20.1% arrives as government transfers (BEA, 2022).
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