A hospital in Muskegon, MI. It ran an operating loss of 7.5% in FY25 on $725.1M of operating revenue. It held 47 days of cash on hand (58th percentile among Urban PPS hospitals on liquidity). Operating margin improved from -9.8% in FY21 to -7.5% in FY25. Including nonoperating items, the all-in result was positive at 4.1%.
Operating margin · FY25
-7.5%
▲ 3.0 pts vs FY24
vs Urban PPS hospitals26th pctl of 1,475 (FY25)
Days cash on hand · FY25
47d
all sources
▼ 22.0 days vs FY24
vs Urban PPS hospitals58th pctl of 1,386 (FY25)
Total operating revenue · FY25
$725.1M
▲ 40.7 $M vs FY24
vs Urban PPS hospitals80th pctl of 1,503 (FY25)
Total margin · incl. nonoperating · FY25
+4.1%
▲ 4.5 pts vs FY24
vs Urban PPS hospitals42nd pctl of 1,475 (FY25)
One point of operating margin at TRINITY HEALTH MUSKEGON HOSPITAL is about $7.3M per year (1% of FY25 total operating revenue).
Where TRINITY HEALTH MUSKEGON 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 hospitalTRINITY 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
621,154
684,347
725,075
Other operating revenue
—
(5)
—
Total operating revenue
621,154
684,343
725,075
Total operating expenses
717,185
756,126
779,094
Operating income
(96,031)
(71,783)
(54,018)
Operating margin %
-15.5%
-10.5%
-7.4%
Other non-operating, net
70,169
68,461
87,108
Net income
(25,862)
(3,322)
33,090
Net income %
-3.7%
-0.4%
+4.1%
HCRIS Worksheet G-3 / S-3 · $ thousands · FY21–FY25 · where other operating income is not reported, total operating revenue reflects net patient revenue alone · FY20–21 may include COVID-era relief funding in nonoperating income
How it operates
quality & operational context · CMS public reporting
A 201-bed hospital at 90% occupancy 56% 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
90.0%
Verified fact2025
HCRIS WS S-3
Average daily census
181.84
Verified fact2025
HCRIS WS S-3
Staffed beds (acute)
201
Verified fact2025
HCRIS WS S-3
Annual discharges
16,584
Verified fact2025
HCRIS WS S-3
Average length of stay
4.0d
Verified fact2025
HCRIS WS S-3
Outpatient share of patient revenue
56.3%
Verified fact2025
HCRIS WS G-2 L28
Total FTEs
3,031
Verified fact2025
HCRIS WS S-3 Pt II
Contract labor share of labor cost
17.2%
Verified fact2025
HCRIS WS S-3 Pt V
How the care measures up
C. difficile infection (SIR)
0.398
Better than the National Benchmark
CMS-reported measure07/01/2024 to 06/30/2025
CMS Care Compare
Hospital-wide unplanned readmission
12.9%
Better Than the National Rate
CMS-reported measure07/01/2023 to 06/30/2024
CMS Care Compare
Medicare spending per beneficiary
0.92
CMS-reported measure01/01/2024 to 12/31/2024
CMS Care Compare
Patient-safety composite (PSI-90)
0.847982
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
MUSKEGON County, MI
Median household income
$63.5K
vs $82.1K US · $59.7K rural median
Poverty rate
12.6%
vs 12.5% US · 14.3% rural median
Uninsured
4.8%
vs 8.6% US · 8.4% rural median
Age 65+
18.0%
vs 16.8% US · 20.6% rural median
Fair or poor health
21.4%
self-reported, adults · CDC PLACES
Primary-care shortage
Designated
HRSA HPSA
Economic context: 12.4% of county personal income is Medicare/Medicaid medical benefits; 28.9% arrives as government transfers (BEA, 2022).
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