A hospital in Saginaw, MI. It ran an operating loss of 3.0% in FY25 on $826.4M of operating revenue. It held 211 days of cash on hand (85th percentile among Urban PPS hospitals on liquidity). Operating margin declined from 0.5% in FY21 to -3.0% in FY25. Including nonoperating items, the all-in result was positive at 1.5%.
Operating margin · FY25
-3.0%
▼ 4.5 pts vs FY24
vs Urban PPS hospitals37th pctl of 1,475 (FY25)
Days cash on hand · FY25
211d
all sources
▼ 20.8 days vs FY24
vs Urban PPS hospitals85th pctl of 1,386 (FY25)
Total operating revenue · FY25
$826.4M
▲ 31.1 $M vs FY24
vs Urban PPS hospitals84th pctl of 1,503 (FY25)
Total margin · incl. nonoperating · FY25
+1.5%
▼ 4.7 pts vs FY24
vs Urban PPS hospitals32nd pctl of 1,475 (FY25)
One point of operating margin at COVENANT MEDICAL CENTER is about $8.3M per year (1% of FY25 total operating revenue).
Where COVENANT 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 hospitalCOVENANT 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
680,859
740,427
796,939
Other operating revenue
39,023
54,863
29,440
Total operating revenue
719,882
795,290
826,379
Total operating expenses
752,473
783,618
851,048
Operating income
(32,591)
11,672
(24,669)
Operating margin %
-4.5%
+1.5%
-3.0%
Investment income
33,203
41,503
43,403
Other non-operating, net
4,915
(1,240)
(5,710)
Net income
5,527
51,935
13,024
Net income %
+0.7%
+6.2%
+1.5%
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 357-bed hospital at 67% occupancy 59% 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
67.1%
Verified fact2025
HCRIS WS S-3
Average daily census
240.34
Verified fact2025
HCRIS WS S-3
Staffed beds (acute)
357
Verified fact2025
HCRIS WS S-3
Annual discharges
23,242
Verified fact2025
HCRIS WS S-3
Average length of stay
3.8d
Verified fact2025
HCRIS WS S-3
Outpatient share of patient revenue
58.5%
Verified fact2025
HCRIS WS G-2 L28
Total FTEs
3,703
Verified fact2025
HCRIS WS S-3 Pt II
How the care measures up
C. difficile infection (SIR)
0.275
Better than the National Benchmark
CMS-reported measure07/01/2024 to 06/30/2025
CMS Care Compare
Hospital-wide unplanned readmission
15.8%
Worse Than the National Rate
CMS-reported measure07/01/2023 to 06/30/2024
CMS Care Compare
Medicare spending per beneficiary
1.04
CMS-reported measure01/01/2024 to 12/31/2024
CMS Care Compare
Patient-safety composite (PSI-90)
1.277653
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
SAGINAW County, MI
Median household income
$58.3K
vs $82.1K US · $59.7K rural median
Poverty rate
18.1%
vs 12.5% US · 14.3% rural median
Uninsured
4.1%
vs 8.6% US · 8.4% rural median
Age 65+
19.9%
vs 16.8% US · 20.6% rural median
Fair or poor health
23.4%
self-reported, adults · CDC PLACES
Primary-care shortage
Designated
HRSA HPSA
Economic context: 13.6% of county personal income is Medicare/Medicaid medical benefits; 30.9% arrives as government transfers (BEA, 2022).
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