A hospital in Traverse City, MI. It ran an operating surplus of 5.1% in FY25 on $807.5M of operating revenue. It held 2 days of cash on hand (33rd percentile among Urban PPS hospitals on liquidity). Operating margin declined from 7.7% in FY21 to 5.1% in FY25, though it rose 3.2 points in the most recent year.
Operating margin · FY25
+5.1%
vs Urban PPS hospitals61st pctl of 1,475 (FY25)
Days cash on hand · FY25
2d
all sources
vs Urban PPS hospitals33rd pctl of 1,386 (FY25)
Total operating revenue · FY25
$807.5M
vs Urban PPS hospitals83rd pctl of 1,503 (FY25)
Total margin · incl. nonoperating · FY25
+5.2%
vs Urban PPS hospitals45th pctl of 1,475 (FY25)
One point of operating margin at MUNSON MEDICAL CENTER is about $8.1M per year (1% of FY25 total operating revenue).
Where MUNSON 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 hospitalMUNSON 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
710,888
799,021
765,744
Other operating revenue
28,242
28,900
41,775
Total operating revenue
739,129
827,921
807,519
Total operating expenses
760,453
812,472
766,484
Operating income
(21,324)
15,449
41,035
Operating margin %
-2.9%
+1.9%
+5.1%
Investment income
(221)
—
—
Other non-operating, net
431
1,523
675
Net income
(21,114)
16,972
41,710
Net income %
-2.9%
+2.0%
+5.2%
HCRIS Worksheet G-3 / S-3 · $ thousands · FY21–FY25 · FY20–21 may include COVID-era relief funding in nonoperating income
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 358-bed hospital at 63% occupancy 54% 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
63.5%
Verified fact2025
HCRIS WS S-3
Average daily census
228.45
Verified fact2025
HCRIS WS S-3
Staffed beds (acute)
358
Verified fact2025
HCRIS WS S-3
Annual discharges
21,968
Verified fact2025
HCRIS WS S-3
Average length of stay
3.8d
Verified fact2025
HCRIS WS S-3
Outpatient share of patient revenue
53.5%
Verified fact2025
HCRIS WS G-2 L28
Total FTEs
2,909
Verified fact2025
HCRIS WS S-3 Pt II
Contract labor share of labor cost
18.8%
Verified fact2025
HCRIS WS S-3 Pt V
How the care measures up
C. difficile infection (SIR)
0.219
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
0.91
CMS-reported measure01/01/2024 to 12/31/2024
CMS Care Compare
Patient-safety composite (PSI-90)
0.816022
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
Location, MI
Median household income
$79.5K
vs $82.1K US · $59.7K rural median
Poverty rate
8.6%
vs 12.5% US · 14.3% rural median
Uninsured
4.3%
vs 8.6% US · 8.4% rural median
Age 65+
21.3%
vs 16.8% US · 20.6% rural median
Fair or poor health
16.9%
self-reported, adults · CDC PLACES
Primary-care shortage
Designated
HRSA HPSA
Economic context: 7.6% of county personal income is Medicare/Medicaid medical benefits; 19.4% arrives as government transfers (BEA, 2022).
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