A hospital in Iron Mountain, MI. It ran an operating loss of 7.4% in FY24 on $149.0M of operating revenue. It held 13 days of cash on hand (38th percentile among Rural PPS hospitals on liquidity). Operating margin improved from -11.2% in FY20 to -7.4% in FY24, though it fell 6.9 points in the most recent year.
Operating margin · FY24
-7.4%
▼ 6.9 pts vs FY23
vs Rural PPS hospitals29th pctl of 387 (FY24)
Days cash on hand · FY24
13d
all sources
▼ 11.3 days vs FY23
vs Rural PPS hospitals38th pctl of 376 (FY24)
Total operating revenue · FY24
$149.0M
▲ 8.2 $M vs FY23
vs Rural PPS hospitals69th pctl of 393 (FY24)
Total margin · incl. nonoperating · FY24
-7.0%
▼ 7.1 pts vs FY23
vs Rural PPS hospitals19th pctl of 387 (FY24)
One point of operating margin at DICKINSON COUNTY MEMORIAL HOSPITAL is about $1.5M per year (1% of FY24 total operating revenue).
Where DICKINSON COUNTY MEMORIAL sits among Rural PPS hospitals
Operating margin · FY24 pool · n = 387 of 418 filed
Each point is one Rural 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 Rural PPS hospital median is -0.9%. Descriptive context only, not a ranking.
One rural pps hospitalDICKINSON COUNTYRural 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
126,315
132,278
136,082
Other operating revenue
2,101
8,554
12,915
Total operating revenue
128,415
140,832
148,997
Total operating expenses
132,219
141,508
159,996
Operating income
(3,804)
(676)
(10,999)
Operating margin %
-3.0%
-0.5%
-7.4%
Grants & contributions
686
289
13
Investment income
133
115
162
Other non-operating, net
7,311
415
334
Net income
4,326
143
(10,490)
Net income %
+3.2%
+0.1%
-7.0%
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 39-bed hospital at 51% occupancy 84% 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
50.8%
Verified fact2024
HCRIS WS S-3
Average daily census
19.86
Verified fact2024
HCRIS WS S-3
Staffed beds (acute)
39
Verified fact2024
HCRIS WS S-3
Annual discharges
1,907
Verified fact2024
HCRIS WS S-3
Average length of stay
3.8d
Verified fact2024
HCRIS WS S-3
Outpatient share of patient revenue
84.4%
Verified fact2024
HCRIS WS G-2 L28
Total FTEs
543.70
Verified fact2024
HCRIS WS S-3 Pt II
Contract labor share of labor cost
20.5%
Verified fact2024
HCRIS WS S-3 Pt V
Who it serves
Total unreimbursed & uncompensated care
$6.8M
Verified fact2023
HCRIS WS S-10 line 31
How the care measures up
C. difficile infection (SIR)
0.318
No Different than 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
0.96
CMS-reported measure01/01/2024 to 12/31/2024
CMS Care Compare
Patient-safety composite (PSI-90)
1.176509
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
DICKINSON County, MI · nonmetro, urban 5–20K
Median household income
$61.9K
vs $82.1K US · $59.7K rural median
Poverty rate
9.8%
vs 12.5% US · 14.3% rural median
Uninsured
4.5%
vs 8.6% US · 8.4% rural median
Age 65+
23.7%
vs 16.8% US · 20.6% rural median
Fair or poor health
19.0%
self-reported, adults · CDC PLACES
Primary-care shortage
Designated
HRSA HPSA
Economic context: 12.7% of county personal income is Medicare/Medicaid medical benefits; 29.1% arrives as government transfers (BEA, 2022).
Method: NCRHW 2016 study of critical access hospitals (IMPLAN Type II), employment × 1.34, earnings × 1.19; output × 2.30 (AHA national, upper bound for rural). This hospital is not a critical access hospital. No published multiplier specific to its type was used, so the CAH ratios are applied unchanged and every multiplied figure here should be read as an upper-bound estimate, not a measurement of this facility. Direct figures are reported values from the facility's HCRIS cost report; multiplied figures are estimates.
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