A hospital in Eaton Rapids, MI. It ran an operating surplus of 2.6% in FY25 on $49.7M of operating revenue. It held 87 days of cash on hand (47th percentile among Critical Access Hospitals on liquidity). Operating margin improved from -11.7% in FY21 to 2.6% in FY25.
Operating margin · FY25
+2.6%
▲ 0.2 pts vs FY24
vs Critical Access Hospitals60th pctl of 824 (FY25)
Days cash on hand · FY25
87d
all sources
▼ 24.6 days vs FY24
vs Critical Access Hospitals47th pctl of 827 (FY25)
Total operating revenue · FY25
$49.7M
▲ 9.0 $M vs FY24
vs Critical Access Hospitals71st pctl of 833 (FY25)
Total margin · incl. nonoperating · FY25
+6.6%
▼ 1.0 pts vs FY24
vs Critical Access Hospitals51st pctl of 824 (FY25)
One point of operating margin at EATON RAPIDS MEDICAL CENTER is about $497K per year (1% of FY25 total operating revenue).
Where EATON RAPIDS MEDICAL 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 hospitalEATON RAPIDSCritical 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
+2.3% (FY24)
Full comparison in the CAH Performance Benchmark.
HCRIS cost report · CAH economics engine
Medicare outpatient contribution margin
+51.8% (FY24)
Full comparison in the CAH Performance Benchmark.
HCRIS cost report · CAH economics engine
$ in thousands
Line item
FY23
FY24
FY25
Patient revenue
34,753
40,304
49,332
Other operating revenue
5
320
322
Total operating revenue
34,758
40,624
49,654
Total operating expenses
36,155
39,628
48,347
Operating income
(1,397)
995
1,307
Operating margin %
-4.0%
+2.4%
+2.6%
Grants & contributions
3
4
6
Investment income
646
919
1,210
Other non-operating, net
1,109
1,329
884
Net income
361
3,247
3,407
Net income %
+1.0%
+7.6%
+6.6%
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 20-bed hospital at 12% occupancy where swing beds are 51% of the inpatient business and 94% 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
11.8%
Verified fact2025
HCRIS WS S-3
Average daily census
2.36
Verified fact2025
HCRIS WS S-3
Staffed beds (acute)
20
Verified fact2025
HCRIS WS S-3
Annual discharges
303
Verified fact2025
HCRIS WS S-3
Average length of stay
2.8d
Verified fact2025
HCRIS WS S-3
Swing-bed average daily census
2.43
Verified fact2025
HCRIS WS S-3 L5–6
Swing-bed share of inpatient days
50.7%
Verified fact2025
HCRIS WS S-3 (acute + swing days)
Outpatient share of patient revenue
94.5%
Verified fact2025
HCRIS WS G-2 L28
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
249%
Commercial negotiated rates as a percent of Medicare rates, outpatient basket.
Hospital price files + Medicare rates
Directional indicator from public price files. Facility-specific rate positioning is the Commercial Pricing Study →
Trajectory
Cost-report basis · 5 reporting years
Operating margin
Days cash on hand
The county this hospital serves
EATON County, MI
Median household income
$78.0K
vs $82.1K US · $59.7K rural median
Poverty rate
7.7%
vs 12.5% US · 14.3% rural median
Uninsured
4.2%
vs 8.6% US · 8.4% rural median
Age 65+
19.6%
vs 16.8% US · 20.6% rural median
Fair or poor health
17.6%
self-reported, adults · CDC PLACES
Primary-care shortage
Designated
HRSA HPSA
Economic context: 8.7% of county personal income is Medicare/Medicaid medical benefits; 22.9% arrives as government transfers (BEA, 2022).
What this hospital means to Eaton County
economic contribution · FY25 cost report
Direct annual spending
$48.3M
total operating expense · reported
Total economic output
$111.2M
× 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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