Financial anchor year: FY24. Margin and revenue are as filed for FY24. Balance-sheet measures (current ratio, equity financing, days in A/R) use FY23, the latest filing whose balance sheet reconciled as filed. Days cash on hand is FY23, the most recent year that passed the display gate. Every tile below states its own fiscal year; nothing is carried forward or estimated.
The read
A hospital in Hancock, MI. It ran an operating loss of 1.5% in FY24 on $91.5M of operating revenue. It held 0 days of cash on hand in FY23, its most recent reported liquidity (20th percentile among Rural PPS hospitals on liquidity). Operating margin improved from -2.5% in FY20 to -1.5% in FY24.
Operating margin · FY24
-1.5%
▲ 0.8 pts vs FY23
vs Rural PPS hospitals48th pctl of 387 (FY24)
Days cash on hand · FY23
0d
all sources
▼ 3.6 days vs FY22
vs Rural PPS hospitals20th pctl of 376 (FY24)
Total operating revenue · FY24
$91.5M
▲ 9.8 $M vs FY23
vs Rural PPS hospitals48th pctl of 393 (FY24)
Total margin · incl. nonoperating · FY24
-0.1%
▲ 0.3 pts vs FY23
vs Rural PPS hospitals36th pctl of 387 (FY24)
One point of operating margin at UP HEALTH SYSTEM PORTAGE is about $915K per year (1% of FY24 total operating revenue).
Where UP HEALTH SYSTEM 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 hospitalUP HEALTHRural 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
69,350
71,278
83,245
Other operating revenue
9,111
10,498
8,284
Total operating revenue
78,460
81,775
91,529
Total operating expenses
80,635
83,653
92,892
Operating income
(2,175)
(1,878)
(1,363)
Operating margin %
-2.8%
-2.3%
-1.5%
Grants & contributions
—
—
0
Other non-operating, net
2,747
1,526
1,229
Net income
572
(352)
(134)
Net income %
+0.7%
-0.4%
-0.1%
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 36-bed hospital at 24% occupancy where swing beds are 32% of the inpatient business and 82% 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
24.3%
Verified fact2024
HCRIS WS S-3
Average daily census
8.76
Verified fact2024
HCRIS WS S-3
Staffed beds (acute)
36
Verified fact2024
HCRIS WS S-3
Annual discharges
1,166
Verified fact2024
HCRIS WS S-3
Average length of stay
2.7d
Verified fact2024
HCRIS WS S-3
Swing-bed average daily census
4.03
Verified fact2024
HCRIS WS S-3 L5–6
Swing-bed share of inpatient days
31.5%
Verified fact2024
HCRIS WS S-3 (acute + swing days)
Outpatient share of patient revenue
82.0%
Verified fact2024
HCRIS WS G-2 L28
Total FTEs
445.40
Verified fact2024
HCRIS WS S-3 Pt II
Contract labor share of labor cost
16.7%
Verified fact2024
HCRIS WS S-3 Pt V
Who it serves
Total unreimbursed & uncompensated care
$3.3M
Verified fact2023
HCRIS WS S-10 line 31
How the care measures up
C. difficile infection (SIR)
0
No Different than National Benchmark
CMS-reported measure07/01/2024 to 06/30/2025
CMS Care Compare
Hospital-wide unplanned readmission
14.6%
No Different Than the National Rate
CMS-reported measure07/01/2023 to 06/30/2024
CMS Care Compare
Medicare spending per beneficiary
0.77
CMS-reported measure01/01/2024 to 12/31/2024
CMS Care Compare
Patient-safety composite (PSI-90)
0.975871
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
FY24 days cash suppressed: out of display range.
The county this hospital serves
HOUGHTON County, MI · nonmetro, urban 20K+
Median household income
$56.6K
vs $82.1K US · $59.7K rural median
Poverty rate
15.9%
vs 12.5% US · 14.3% rural median
Uninsured
6.0%
vs 8.6% US · 8.4% rural median
Age 65+
17.7%
vs 16.8% US · 20.6% rural median
Fair or poor health
17.5%
self-reported, adults · CDC PLACES
Primary-care shortage
Designated
HRSA HPSA
Economic context: 14.4% of county personal income is Medicare/Medicaid medical benefits; 30.7% 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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