A hospital in Cedar Rapids, IA. It ran an operating surplus of 3.5% in FY25 on $537.6M of operating revenue. It held 97 days of cash on hand (70th percentile among Urban PPS hospitals on liquidity). Operating margin declined from 5.4% in FY21 to 3.5% in FY25, though it rose 13.4 points in the most recent year.
Operating margin · FY25
+3.5%
▲ 13.4 pts vs FY24
vs Urban PPS hospitals57th pctl of 1,475 (FY25)
Days cash on hand · FY25
97d
all sources
▲ 2.1 days vs FY24
vs Urban PPS hospitals70th pctl of 1,386 (FY25)
Total operating revenue · FY25
$537.6M
▲ 104.7 $M vs FY24
vs Urban PPS hospitals72nd pctl of 1,503 (FY25)
Total margin · incl. nonoperating · FY25
+1.9%
▼ 0.3 pts vs FY24
vs Urban PPS hospitals34th pctl of 1,475 (FY25)
One point of operating margin at MERCY MEDICAL CENTER - CEDAR RAPIDS is about $5.4M per year (1% of FY25 total operating revenue).
Where MERCY MEDICAL CENTER 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 hospitalMERCY 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
FY23
FY24
FY25
Patient revenue
401,057
415,281
507,673
Other operating revenue
17,784
17,619
29,900
Total operating revenue
418,841
432,900
537,573
Total operating expenses
452,456
475,591
518,538
Operating income
(33,615)
(42,691)
19,035
Operating margin %
-8.0%
-9.9%
+3.5%
Investment income
11,130
1,164
8,308
Other non-operating, net
(1,935)
52,497
(16,997)
Net income
(24,420)
10,970
10,346
Net income %
-5.7%
+2.3%
+2.0%
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 187-bed hospital at 54% occupancy 77% 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
53.9%
Verified fact2025
HCRIS WS S-3
Average daily census
101.09
Verified fact2025
HCRIS WS S-3
Staffed beds (acute)
187
Verified fact2025
HCRIS WS S-3
Annual discharges
9,998
Verified fact2025
HCRIS WS S-3
Average length of stay
3.7d
Verified fact2025
HCRIS WS S-3
Outpatient share of patient revenue
76.9%
Verified fact2025
HCRIS WS G-2 L28
Total FTEs
2,114
Verified fact2025
HCRIS WS S-3 Pt II
Contract labor share of labor cost
15.7%
Verified fact2025
HCRIS WS S-3 Pt V
How the care measures up
C. difficile infection (SIR)
0.449
Better than the National Benchmark
CMS-reported measure07/01/2024 to 06/30/2025
CMS Care Compare
Hospital-wide unplanned readmission
15.1%
No Different Than the National Rate
CMS-reported measure07/01/2023 to 06/30/2024
CMS Care Compare
Medicare spending per beneficiary
0.95
CMS-reported measure01/01/2024 to 12/31/2024
CMS Care Compare
Patient-safety composite (PSI-90)
1.243883
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
LINN County, IA
Median household income
$76.4K
vs $82.1K US · $59.7K rural median
Poverty rate
9.9%
vs 12.5% US · 14.3% rural median
Uninsured
3.8%
vs 8.6% US · 8.4% rural median
Age 65+
16.9%
vs 16.8% US · 20.6% rural median
Fair or poor health
15.5%
self-reported, adults · CDC PLACES
Primary-care shortage
Designated
HRSA HPSA
Economic context: 7.6% of county personal income is Medicare/Medicaid medical benefits; 17.8% arrives as government transfers (BEA, 2022).
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