A hospital in Greenville, MI. It ran an operating surplus of 9.5% in FY24 on $157.3M of operating revenue. It held 1 day of cash on hand (29th percentile among Urban PPS hospitals on liquidity). Operating margin improved from 7.1% in FY20 to 9.5% in FY24.
Operating margin · FY24
+9.5%
▼ 0.3 pts vs FY23
vs Urban PPS hospitals71st pctl of 2,562 (FY24)
Days cash on hand · FY24
1d
all sources
▲ 0.3 days vs FY23
vs Urban PPS hospitals29th pctl of 2,354 (FY24)
Total operating revenue · FY24
$157.3M
▲ 15.8 $M vs FY23
vs Urban PPS hospitals33rd pctl of 2,608 (FY24)
Total margin · incl. nonoperating · FY24
+10.0%
▼ 0.7 pts vs FY23
vs Urban PPS hospitals64th 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 SPECTRUM HEALTH UNITED HOSPITAL is about $1.6M per year (1% of FY24 total operating revenue).
Where SPECTRUM HEALTH UNITED 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 hospitalSPECTRUM 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
FY22
FY23
FY24
Patient revenue
129,380
141,502
157,315
Other operating revenue
4,347
14
12
Total operating revenue
133,726
141,516
157,327
Total operating expenses
116,873
127,569
142,319
Operating income
16,854
13,947
15,008
Operating margin %
+12.6%
+9.9%
+9.5%
Grants & contributions
269
344
185
Investment income
325
266
63
Other non-operating, net
1,126
792
608
Net income
18,574
15,349
15,864
Net income %
+13.7%
+10.7%
+10.0%
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 37-bed hospital at 48% occupancy 83% 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
47.6%
Verified fact2024
HCRIS WS S-3
Average daily census
17.51
Verified fact2024
HCRIS WS S-3
Staffed beds (acute)
37
Verified fact2024
HCRIS WS S-3
Annual discharges
2,793
Verified fact2024
HCRIS WS S-3
Average length of stay
2.3d
Verified fact2024
HCRIS WS S-3
Outpatient share of patient revenue
83.4%
Verified fact2024
HCRIS WS G-2 L28
Total FTEs
554.10
Verified fact2024
HCRIS WS S-3 Pt II
Contract labor share of labor cost
19.5%
Verified fact2024
HCRIS WS S-3 Pt V
Who it serves
Total unreimbursed & uncompensated care
$3.9M
Verified fact2023
HCRIS WS S-10 line 31
How the care measures up
C. difficile infection (SIR)
0.632
No Different than National Benchmark
CMS-reported measure07/01/2024 to 06/30/2025
CMS Care Compare
Hospital-wide unplanned readmission
15%
No Different Than the National Rate
CMS-reported measure07/01/2023 to 06/30/2024
CMS Care Compare
Medicare spending per beneficiary
0.88
CMS-reported measure01/01/2024 to 12/31/2024
CMS Care Compare
Patient-safety composite (PSI-90)
0.981076
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
MONTCALM County, MI · metro, 1M+ population
Median household income
$64.9K
vs $82.1K US · $59.7K rural median
Poverty rate
12.0%
vs 12.5% US · 14.3% rural median
Uninsured
8.6%
vs 8.6% US · 8.4% rural median
Age 65+
17.6%
vs 16.8% US · 20.6% rural median
Fair or poor health
20.4%
self-reported, adults · CDC PLACES
Primary-care shortage
Designated
HRSA HPSA
Economic context: 11.5% of county personal income is Medicare/Medicaid medical benefits; 28.7% arrives as government transfers (BEA, 2022).
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