Financial anchor year: FY25. Margin and revenue are as filed for FY25. 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 Lexington, KY. It ran an operating loss of 1.7% in FY25 on $957.2M of operating revenue. It held 63 days of cash on hand in FY23, its most recent reported liquidity (63rd percentile among Urban PPS hospitals on liquidity). Operating margin declined from 9.6% in FY21 to -1.7% in FY25. Including nonoperating items, the all-in result was positive at 10.6%.
Operating margin · FY25
-1.7%
▼ 0.2 pts vs FY24
vs Urban PPS hospitals40th pctl of 1,475 (FY25)
Days cash on hand · FY23
63d
all sources
▲ 62.4 days vs FY22
vs Urban PPS hospitals63rd pctl of 1,386 (FY25)
Total operating revenue · FY25
$957.2M
▲ 65.8 $M vs FY24
vs Urban PPS hospitals87th pctl of 1,503 (FY25)
Total margin · incl. nonoperating · FY25
+10.6%
▲ 0.9 pts vs FY24
vs Urban PPS hospitals66th pctl of 1,475 (FY25)
One point of operating margin at BAPTIST HEALTH LEXINGTON is about $9.6M per year (1% of FY25 total operating revenue).
Where BAPTIST HEALTH LEXINGTON 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 hospitalBAPTIST 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
FY23
FY24
FY25
Patient revenue
760,576
886,309
954,164
Other operating revenue
4,517
5,070
3,034
Total operating revenue
765,093
891,379
957,197
Total operating expenses
739,404
905,225
973,905
Operating income
25,689
(13,846)
(16,708)
Operating margin %
+3.4%
-1.6%
-1.7%
Investment income
0
0
0
Other non-operating, net
77,853
111,037
132,211
Net income
103,542
97,191
115,503
Net income %
+12.3%
+9.7%
+10.6%
HCRIS Worksheet G-3 / S-3 · $ thousands · FY21–FY25 · FY20–21 may include COVID-era relief funding in nonoperating income
FY21, FY22, FY23, FY24, FY25 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 350-bed hospital at 61% occupancy 70% 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
60.9%
Verified fact2025
HCRIS WS S-3
Average daily census
213.81
Verified fact2025
HCRIS WS S-3
Staffed beds (acute)
350
Verified fact2025
HCRIS WS S-3
Annual discharges
20,183
Verified fact2025
HCRIS WS S-3
Average length of stay
3.9d
Verified fact2025
HCRIS WS S-3
Outpatient share of patient revenue
70.4%
Verified fact2025
HCRIS WS G-2 L28
Total FTEs
2,479
Verified fact2025
HCRIS WS S-3 Pt II
Contract labor share of labor cost
21.0%
Verified fact2025
HCRIS WS S-3 Pt V
How the care measures up
C. difficile infection (SIR)
0.109
Better than the National Benchmark
CMS-reported measure07/01/2024 to 06/30/2025
CMS Care Compare
Hospital-wide unplanned readmission
14.4%
No Different Than the National Rate
CMS-reported measure07/01/2023 to 06/30/2024
CMS Care Compare
Medicare spending per beneficiary
1.09
CMS-reported measure01/01/2024 to 12/31/2024
CMS Care Compare
Patient-safety composite (PSI-90)
0.959794
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
FY25 days cash suppressed: out of display range.
The county this hospital serves
FAYETTE County, KY
Median household income
$67.6K
vs $82.1K US · $59.7K rural median
Poverty rate
15.7%
vs 12.5% US · 14.3% rural median
Uninsured
6.8%
vs 8.6% US · 8.4% rural median
Age 65+
14.4%
vs 16.8% US · 20.6% rural median
Fair or poor health
Not available
self-reported, adults · CDC PLACES
Primary-care shortage
Designated
HRSA HPSA
Economic context: 6.9% of county personal income is Medicare/Medicaid medical benefits; 16.0% arrives as government transfers (BEA, 2022).
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