A hospital in Sandusky, MI. It ran an operating loss of 3.4% in FY25 on $33.3M of operating revenue. It held 78 days of cash on hand (44th percentile among Critical Access Hospitals on liquidity). Operating margin improved from -8.6% in FY20 to -3.4% in FY25. Including nonoperating items, the all-in result was positive at 5.7%.
Operating margin · FY25
-3.4%
▼ 0.2 pts vs FY24
vs Critical Access Hospitals39th pctl of 824 (FY25)
Days cash on hand · FY25
78d
all sources
▲ 15.4 days vs FY24
vs Critical Access Hospitals44th pctl of 827 (FY25)
Total operating revenue · FY25
$33.3M
▲ 3.0 $M vs FY24
vs Critical Access Hospitals53rd pctl of 833 (FY25)
Total margin · incl. nonoperating · FY25
+5.7%
▲ 0.5 pts vs FY24
vs Critical Access Hospitals47th pctl of 824 (FY25)
One point of operating margin at MCKENZIE HEALTH SYSTEM is about $333K per year (1% of FY25 total operating revenue).
Where MCKENZIE HEALTH SYSTEM sits among Critical Access Hospitals
Operating margin · FY25 pool · n = 824 of 1,404 filed
Each point is one Critical Access 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 Critical Access Hospital median is -0.2%. Descriptive context only, not a ranking.
One critical access hospitalMCKENZIE HEALTHCritical Access 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
Medicare inpatient contribution margin
+17.5% (FY25)
33rd percentile of 476 CAHs. Full comparison in the CAH Performance Benchmark.
HCRIS cost report · CAH economics engine
Medicare outpatient contribution margin
+62.1% (FY25)
74th percentile of 476 CAHs. Full comparison in the CAH Performance Benchmark.
HCRIS cost report · CAH economics engine
$ in thousands
Line item
FY23
FY24
FY25
Patient revenue
26,644
29,942
32,932
Other operating revenue
265
308
343
Total operating revenue
26,909
30,250
33,274
Total operating expenses
30,049
31,212
34,392
Operating income
(3,140)
(962)
(1,118)
Operating margin %
-11.7%
-3.2%
-3.4%
Grants & contributions
137
307
418
Investment income
213
287
254
Other non-operating, net
2,798
2,097
2,542
Net income
8
1,729
2,096
Net income %
0.0%
+5.2%
+5.7%
HCRIS Worksheet G-3 / S-3 · $ thousands · FY20–FY25 · FY20–21 may include COVID-era relief funding in nonoperating income
How it operates
quality & operational context · CMS public reporting
A 25-bed hospital at 6% occupancy where swing beds are 57% of the inpatient business and 93% 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
5.8%
Verified fact2025
HCRIS WS S-3
Average daily census
1.46
Verified fact2025
HCRIS WS S-3
Staffed beds (acute)
25
Verified fact2025
HCRIS WS S-3
Annual discharges
195
Verified fact2025
HCRIS WS S-3
Average length of stay
2.7d
Verified fact2025
HCRIS WS S-3
Swing-bed average daily census
1.94
Verified fact2025
HCRIS WS S-3 L5–6
Swing-bed share of inpatient days
57.0%
Verified fact2025
HCRIS WS S-3 (acute + swing days)
Outpatient share of patient revenue
92.6%
Verified fact2025
HCRIS WS G-2 L28
Who it serves
Total unreimbursed & uncompensated care
$2.3M
Verified fact2023
HCRIS WS S-10 line 31
How the care measures up
C. difficile infection (SIR)
Results cannot be calculated for this reporting period.
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
Pricing
Pilot · FY25
Commercial rates vs Medicare
173%
Commercial negotiated rates as a percent of Medicare rates, outpatient basket. 10th percentile among CAHs.
Hospital price files + Medicare rates
Directional indicator from public price files. Facility-specific rate positioning is the Commercial Pricing Study →
Trajectory
Cost-report basis · 6 reporting years
Operating margin
Days cash on hand
The county this hospital serves
SANILAC County, MI · nonmetro, rural, metro-adjacent
Median household income
$59.1K
vs $82.1K US · $59.7K rural median
Poverty rate
14.0%
vs 12.5% US · 14.3% rural median
Uninsured
8.1%
vs 8.6% US · 8.4% rural median
Age 65+
22.6%
vs 16.8% US · 20.6% rural median
Fair or poor health
20.1%
self-reported, adults · CDC PLACES
Primary-care shortage
Designated
HRSA HPSA
Economic context: 15.2% of county personal income is Medicare/Medicaid medical benefits; 32.8% arrives as government transfers (BEA, 2022).
What this hospital means to Sanilac County
economic contribution · FY25 cost report
Direct annual spending
$34.4M
total operating expense · reported
Total economic output
$79.1M
× 2.30 output multiplier · estimate, upper bound for rural
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). Direct figures are reported values from the facility's HCRIS cost report; multiplied figures are estimates.
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Your negotiated commercial rates against Medicare and against peers, from hospitals' own published price files. We validate your hospital's rate file before taking payment.
