A hospital in Shelby, MI. It ran an operating surplus of 16.8% in FY25 on $48.3M of operating revenue. It held 814 days of cash on hand (97th percentile of 822 Critical Access Hospitals on liquidity, FY25 pool). Operating margin improved from -11.9% in FY21 to 16.8% in FY25.
Operating margin · FY25
+16.8%
Astrelis calculation · as-filed inputs
▲ 13.1 pts vs FY24
vs Critical Access Hospitals90th pctl of 824 (FY25 pool)
pool: this metric's own fiscal year · excludes historical, non-panel, and out-of-range values
Days cash on hand · FY25
814d
all sources
Astrelis calculation · as-filed inputs
▲ 393 days vs FY24
vs Critical Access Hospitals97th pctl of 822 (FY25 pool)
pool: this metric's own fiscal year · excludes historical, non-panel, and out-of-range values
Total operating revenue · FY25
$48.3M
Astrelis calculation · as-filed inputs
▲ $9.7M vs FY24
vs Critical Access Hospitals69th pctl of 833 (FY25 pool)
pool: this metric's own fiscal year · excludes historical, non-panel, and out-of-range values
Total margin · incl. nonoperating · FY25
+28.8%
Astrelis calculation · as-filed inputs
▲ 3.2 pts vs FY24
vs Critical Access Hospitals96th pctl of 824 (FY25 pool)
pool: this metric's own fiscal year · excludes historical, non-panel, and out-of-range values
One point of operating margin at MERCY HEALTH LAKESHORE CAMPUS is about $483K per year (1% of FY25 total operating revenue).
Where MERCY HEALTH LAKESHORE sits among Critical Access Hospitals
Operating margin · FY25 pool · n = 824 of 1,399 filed
Each point is one Critical Access Hospital in the national FY25 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 FY25 median is -0.2%. Descriptive context only, not a ranking.
One critical access hospitalMERCY 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 computes only when every input is reported in the filing (otherwise its cell states which input is Not reported in source); a year whose balance sheet does not reconcile is labeled, and its derived ratios read Astrelis calculation unavailable. Not audited by Astrelis.
Net patient receivables ÷ (net patient revenue ÷ 365), same fiscal year
Astrelis calculation · HCRIS WS G / G-3
Medicare inpatient contribution margin
-1.3% (FY24)
Full comparison in the CAH Performance Benchmark.
HCRIS cost report · CAH economics engine
Medicare outpatient contribution margin
+62.2% (FY24)
Full comparison in the CAH Performance Benchmark.
HCRIS cost report · CAH economics engine
$ in thousands
Line item
FY23
FY24
FY25
Patient revenue
41,879
38,491
48,180
Other operating revenue
190
135
141
Total operating revenue
42,069
38,627
48,321
Total operating expenses
36,723
37,226
40,226
Operating income
5,346
1,401
8,095
Operating margin %
+12.7%
+3.6%
+16.8%
Grants & contributions
—
—
8,242
Other non-operating, net
8,884
9,418
518
Net income
14,230
10,819
16,855
Net income %
+30.7%
+25.6%
+28.8%
— = Not reported in source for that year.
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 24-bed hospital running at 14% occupancy, where 93% of patient revenue is outpatient.
The metrics this hospital type is judged on: care quality, patient experience, and scale. Each is labeled by provenance class and public source; descriptive context only, never a ranking or adequacy claim. Provenance labels: Reported value is copied from the named public source; Astrelis calculation is a formula applied to unchanged reported inputs, with the formula shown; Illustrative estimate is a benchmark gap, multiplier, or scenario — never a measurement.
Scale and flow
Occupancy
13.7%
Reported value2025
HCRIS WS S-3
Average daily census
3.30
Reported value2025
HCRIS WS S-3
Staffed beds (acute)
24
Reported value2025
HCRIS WS S-3
Annual discharges
442
Reported value2025
HCRIS WS S-3
Average length of stay
3 days
Reported value2025
HCRIS WS S-3
Cost per patient day
$33,521
Astrelis calculation2025
Astrelis calculation — total operating expense ÷ total patient days (HCRIS WS G-3 / S-3)
Cost per discharge (unadjusted)
$91,008
Astrelis calculation2025
Astrelis calculation — total operating expense ÷ discharges, NOT case-mix adjusted (adjusted discharges are not on the public filing set)
Outpatient share of patient revenue
92.6%
Reported value2025
HCRIS WS G-2 L28
Total FTEs
200.70
Reported value2025
HCRIS WS S-3 Pt II
How the care measures up
C. difficile infection (SIR)
Not reported in source (note 1)
CMS-reported measure07/01/2024 to 06/30/2025
CMS Care Compare
Hospital-wide unplanned readmission
15.4%
No Different Than the National Rate
CMS-reported measure07/01/2023 to 06/30/2024
CMS Care Compare
Note 1: Results cannot be calculated for this reporting period.
Trajectory
Cost-report basis · 5 reporting years
Operating margin
Days cash on hand
The county this hospital serves
OCEANA County, MI
Median household income
$63.6K
vs $82.1K US · $59.7K rural median
Poverty rate
13.3%
vs 12.5% US · 14.3% rural median
Uninsured
8.1%
vs 8.6% US · 8.4% rural median
Age 65+
21.8%
vs 16.8% US · 20.6% rural median
Fair or poor health
20.6%
self-reported, adults · CDC PLACES
Primary-care shortage
Designated
HRSA HPSA
Economic context: 12.8% of county personal income is Medicare/Medicaid medical benefits; 30.8% arrives as government transfers (BEA, 2022).
Illustrative advocacy scenario: what this hospital means to Oceana County
Illustrative estimate · FY25 cost report
Direct annual spending
$40.2M
total operating expense · Reported value, not a local-capture estimate
Labor income
$22.9M
$19.3M direct compensation × 1.19 · NCRHW 2016 CAH study · Illustrative estimate
Economic activity
$92.5M
direct spending × 2.30 · AHA national hospital economic activity report — a national hospital ratio, not a CAH or county figure · Illustrative estimate
Share of county employment
3.1%
of all county jobs · Reported value
Employment and labor income multipliers are from the National Center for Rural Health Works 2016 study of Critical Access Hospital economic impact (IMPLAN Type II, U.S. rural county populations); the economic-activity ratio is from the AHA national hospital economic activity report and describes U.S. hospitals as a whole; it is not a CAH-specific or county-specific figure. Applying any of these to an individual facility is an illustrative advocacy scenario, not a measurement: local capture depends on payroll residency, purchasing patterns, and county economic structure the sources do not observe. This facility is a critical access hospital, the NCRHW study population. Direct figures are reported values from the facility's HCRIS cost report. Want a defensible facility-specific figure? Request a Facility Economic Impact Study →
Medicare inpatient contribution marginFY24Astrelis calculation from reported HCRIS inputs
-1.3% (FY24).
The Board Briefing
Operating margin improved 13.1 points vs FY24 — the briefing traces why, line by line.
CAH Performance Benchmark: FY25 peer pool · n = 824 · conservative low band; acuity limits stated in the report.
Report coverage: Limited Facility Benchmark. 13 of 17 facility measures available from public sources. The report covers the available measures against their peer benchmarks; measures the public record does not carry become findings. Coverage is disclosed here before you reserve, and thin data is never a decline reason. The refund guarantee stands: if we cannot deliver the published scope, you pay nothing.
The Board Briefing
Your facility and its world, board-ready. Measures the public record does not carry become findings, never a decline reason.
$1,000delivered within 2 business days of invoice
Reservation: invoice after coverage confirmation. No payment is collected on this site.
