Astrelis
Urban PPS hospital · Carmel, IN

FRANCISCAN HEALTH ORTHOPEDIC HOSPITAL CARMEL

CCN 150193Hamilton CountyVoluntary non-profit - ChurchUrban (USDA RUCC)20 bedsLatest FY 2024
Historical record. CMS lists this CCN as terminated (voluntary - merger/closure). No successor CCN is recorded. The financials below are the historical results reported under this number and are excluded from current peer comparisons and state counts.
Cost-report basis
HCRIS · as filed
Not audited by Astrelis
The read

A hospital in Carmel, IN. It ran an operating surplus of 12.0% in FY24 on $61.2M of operating revenue. Operating margin declined from 16.1% in FY22 to 12.0% in FY24, though it rose 50.4 points in the most recent year.

Operating margin · FY24
+12.0%
vs Urban PPS hospitals
Days cash on hand
Not available
all sources
vs Urban PPS hospitals
Total operating revenue · FY24
$61.2M
vs Urban PPS hospitals
Total margin · incl. nonoperating · FY24
+12.0%
vs Urban PPS hospitals
One point of operating margin at FRANCISCAN HEALTH ORTHOPEDIC HOSPITAL CARMEL is about $612K per year (1% of FY24 total operating revenue).

Where FRANCISCAN HEALTH ORTHOPEDIC 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.

-20%-10%0%+10%+20%Urban PPS hospital median +1.3311360264910879%FRANCISCAN HEALTH +11.954087986585304%-20%0%+20%Urban PPS hospital median +1.3311360264910879%FRANCISCAN HEALTH +11.954087986585304%
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.

Operating margin
+12.0% (FY24)
Operating income ÷ total operating revenue
HCRIS WS G-3
Total margin
+12.0% (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
Not shown, balance sheet did not reconcile as filed
Total current assets ÷ current liabilities
HCRIS WS G
Equity financing ratio
Not shown, balance sheet did not reconcile as filed
Total net assets ÷ total assets
HCRIS WS G
Days in net patient A/R
Not shown, balance sheet did not reconcile as filed
Net patient receivables ÷ (net patient revenue ÷ 365), same fiscal year
HCRIS WS G / G-3
$ in thousands
Line itemFY22FY23FY24
Patient revenue36,71924,02435,267
Other operating revenue9,70910,04625,920
Total operating revenue46,42834,07061,187
Total operating expenses38,96747,16053,872
Operating income7,461(13,090)7,314
Operating margin %+16.1%-38.4%+12.0%
Grants & contributions210
Other non-operating, net9407,5920
Net income8,401(5,288)7,314
Net income %+17.7%-12.6%+12.0%
HCRIS Worksheet G-3 / S-3 · $ thousands · FY22–FY24

How it operates

quality & operational context · CMS public reporting

A 20-bed hospital at 7% 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
7.3%
Verified fact2024
HCRIS WS S-3
Average daily census
1.46
Verified fact2024
HCRIS WS S-3
Staffed beds (acute)
20
Verified fact2024
HCRIS WS S-3
Annual discharges
333
Verified fact2024
HCRIS WS S-3
Average length of stay
1.6d
Verified fact2024
HCRIS WS S-3
Outpatient share of patient revenue
73.5%
Verified fact2024
HCRIS WS G-2 L28
Total FTEs
104.70
Verified fact2024
HCRIS WS S-3 Pt II
Contract labor share of labor cost
19.1%
Verified fact2024
HCRIS WS S-3 Pt V
Who it serves
Total unreimbursed & uncompensated care
$0.4M
Verified fact2023
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
14%
No Different Than the National Rate
CMS-reported measure07/01/2023 to 06/30/2024
CMS Care Compare
Medicare spending per beneficiary
1.03
CMS-reported measure01/01/2024 to 12/31/2024
CMS Care Compare
Patient-safety composite (PSI-90)
0.92636
CMS-reported measure07/01/2022 to 06/30/2024
CMS Care Compare

Trajectory

Cost-report basis · 3 reporting years
Operating margin
+16.1%-38.4%+12.0%FY22FY23FY24
Days cash on hand
Not available
FY24 days cash suppressed: out of display range.

The county this hospital serves

HAMILTON County, IN · metro, 1M+ population
Median household income
$118.0K
vs $82.1K US · $59.7K rural median
Poverty rate
4.3%
vs 12.5% US · 14.3% rural median
Uninsured
4.2%
vs 8.6% US · 8.4% rural median
Age 65+
13.4%
vs 16.8% US · 20.6% rural median
Fair or poor health
12.8%
self-reported, adults · CDC PLACES
Primary-care shortage
Designated
HRSA HPSA
Economic context: 2.7% of county personal income is Medicare/Medicaid medical benefits; 8.1% arrives as government transfers (BEA, 2022).

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