A hospital in Detroit, MI. It ran an operating surplus of 27.8% in FY24 on $612.3M of operating revenue. It held 0 days of cash on hand (17th percentile among Children's hospitals on liquidity). Operating margin improved from -9.4% in FY20 to 27.8% in FY24.
Operating margin · FY24
+27.8%
▲ 23.3 pts vs FY23
vs Children's hospitals91st pctl of 66 (FY24)
Days cash on hand · FY24
0d
all sources
▼ 0.0 days vs FY23
vs Children's hospitals17th pctl of 60 (FY24)
Total operating revenue · FY24
$612.3M
▲ 175.2 $M vs FY23
vs Children's hospitals43rd pctl of 68 (FY24)
Total margin · incl. nonoperating · FY24
+29.3%
▲ 23.7 pts vs FY23
vs Children's hospitals92nd pctl of 66 (FY24)
Benchmarked within its own FY24 pool (n=66); the Children's hospital cohort's current year is FY25.
One point of operating margin at CHILDREN'S HOSPITAL OF MICHIGAN is about $6.1M per year (1% of FY24 total operating revenue).
Where CHILDREN'S HOSPITAL OF sits among Children's hospitals
Operating margin · FY24 pool · n = 66 of 73 filed
Each point is one Children's 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 Children's hospital median is +5.6%. Descriptive context only, not a ranking.
Benchmarked within its own FY24 pool (n=66); the Children's hospital cohort's current year is FY25.
One children's hospitalCHILDREN'S HOSPITALChildren's 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
392,957
433,393
609,292
Other operating revenue
4,443
3,665
2,992
Total operating revenue
397,399
437,058
612,284
Total operating expenses
394,341
417,360
441,923
Operating income
3,059
19,698
170,361
Operating margin %
+0.8%
+4.5%
+27.8%
Investment income
116
145
34
Other non-operating, net
62,823
4,978
12,897
Net income
65,998
24,821
183,292
Net income %
+14.3%
+5.6%
+29.3%
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 117-bed hospital at 55% occupancy 52% 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
55.3%
Verified fact2024
HCRIS WS S-3
Average daily census
64.78
Verified fact2024
HCRIS WS S-3
Staffed beds (acute)
117
Verified fact2024
HCRIS WS S-3
Annual discharges
8,941
Verified fact2024
HCRIS WS S-3
Average length of stay
2.6d
Verified fact2024
HCRIS WS S-3
Outpatient share of patient revenue
52.0%
Verified fact2024
HCRIS WS G-2 L28
Total FTEs
1,587
Verified fact2024
HCRIS WS S-3 Pt II
Contract labor share of labor cost
16.3%
Verified fact2024
HCRIS WS S-3 Pt V
How the care measures up
C. difficile infection (SIR)
Data are shown only for hospitals that participate in the Inpatient Quality Reporting (IQR) and Outpatient Quality Reporting (OQR) programs.
CMS-reported measure07/01/2024 to 06/30/2025
CMS Care Compare
Hospital-wide unplanned readmission
Data are shown only for hospitals that participate in the Inpatient Quality Reporting (IQR) and Outpatient Quality Reporting (OQR) programs.
CMS-reported measure07/01/2023 to 06/30/2024
CMS Care Compare
Medicare spending per beneficiary
Data are shown only for hospitals that participate in the Inpatient Quality Reporting (IQR) and Outpatient Quality Reporting (OQR) programs.
CMS-reported measure01/01/2024 to 12/31/2024
CMS Care Compare
Patient-safety composite (PSI-90)
Data are shown only for hospitals that participate in the Inpatient Quality Reporting (IQR) and Outpatient Quality Reporting (OQR) programs.
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
WAYNE County, MI · metro, 1M+ population
Median household income
$59.5K
vs $82.1K US
Poverty rate
20.1%
vs 12.5% US
Uninsured
5.7%
vs 8.6% US
Age 65+
16.1%
vs 16.8% US
Fair or poor health
24.3%
self-reported, adults · CDC PLACES
Primary-care shortage
Designated
HRSA HPSA
Economic context: 13.5% of county personal income is Medicare/Medicaid medical benefits; 27.6% arrives as government transfers (BEA, 2022).
The Board Briefing$1,000
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