Financial anchor year: FY25. Margin and revenue are as filed for FY25. Balance-sheet measures (current ratio, equity financing, days in A/R) use FY24, the latest filing whose balance sheet reconciled as filed. Days cash on hand is FY24, 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 Canton, MS. It ran an operating loss of 39.0% in FY25 on $4.8M of operating revenue. It held 1 day of cash on hand in FY24, its most recent reported liquidity (25th percentile among Urban PPS hospitals on liquidity). Only a single comparable reporting year is available, so trend context is limited.
Operating margin · FY25
-39.0%
vs Urban PPS hospitals4th pctl of 1,475 (FY25)
Days cash on hand · FY24
1d
all sources
vs Urban PPS hospitals25th pctl of 1,386 (FY25)
Total operating revenue · FY25
$4.8M
vs Urban PPS hospitals1st pctl of 1,503 (FY25)
Total margin · incl. nonoperating · FY25
-39.0%
vs Urban PPS hospitals1st pctl of 1,475 (FY25)
One point of operating margin at MERIT HEALTH MADISON is about $48K per year (1% of FY25 total operating revenue).
Where MERIT HEALTH MADISON sits among Urban PPS hospitals
Operating margin · FY25 pool · n = 1,475 of 2,681 filed
Each point is one Urban 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 Urban PPS hospital median is +1.3%. Descriptive context only, not a ranking.
One urban pps hospitalMERIT HEALTHUrban 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
FY23
FY24
FY25
Patient revenue
38,614
37,832
4,771
Other operating revenue
384
1,117
—
Total operating revenue
38,998
38,949
4,771
Total operating expenses
38,056
39,017
6,630
Operating income
942
(67)
(1,859)
Operating margin %
+2.4%
-0.2%
-39.0%
Other non-operating, net
0
388
0
Net income
942
321
(1,859)
Net income %
+2.4%
+0.8%
-39.0%
HCRIS Worksheet G-3 / S-3 · $ thousands · FY20–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
FY20, FY21, FY22, FY23, FY24, FY25 net patient A/R is not shown: gross A/R was not reported on the filing, making the derived net figure spurious (AR quality flag).
How it operates
quality & operational context · CMS public reporting
A 24-bed hospital at 27% occupancy 78% 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
26.5%
Verified fact2025
HCRIS WS S-3
Average daily census
6.47
Verified fact2025
HCRIS WS S-3
Staffed beds (acute)
24
Verified fact2025
HCRIS WS S-3
Annual discharges
152
Verified fact2025
HCRIS WS S-3
Average length of stay
2.6d
Verified fact2025
HCRIS WS S-3
Outpatient share of patient revenue
78.0%
Verified fact2025
HCRIS WS G-2 L28
Total FTEs
0.80
Verified fact2025
HCRIS WS S-3 Pt II
Contract labor share of labor cost
15.5%
Verified fact2025
HCRIS WS S-3 Pt V
Who it serves
Total unreimbursed & uncompensated care
$2.8M
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
15.8%
No Different Than the National Rate
CMS-reported measure07/01/2023 to 06/30/2024
CMS Care Compare
Medicare spending per beneficiary
0.95
CMS-reported measure01/01/2024 to 12/31/2024
CMS Care Compare
Patient-safety composite (PSI-90)
0.954641
CMS-reported measure07/01/2022 to 06/30/2024
CMS Care Compare
Trajectory
Cost-report basis · 6 reporting years
Operating margin
Days cash on hand
FY25 days cash suppressed: out of display range.
The county this hospital serves
MADISON County, MS · metro, 250K–1M
Median household income
$78.8K
vs $82.1K US · $59.7K rural median
Poverty rate
11.0%
vs 12.5% US · 14.3% rural median
Uninsured
8.4%
vs 8.6% US · 8.4% rural median
Age 65+
14.9%
vs 16.8% US · 20.6% rural median
Fair or poor health
16.9%
self-reported, adults · CDC PLACES
Primary-care shortage
Designated
HRSA HPSA
Economic context: 4.2% of county personal income is Medicare/Medicaid medical benefits; 11.9% arrives as government transfers (BEA, 2022).
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