A hospital in Paterson, NJ. It ran an operating loss of 2.3% in FY24 on $1028.3M of operating revenue. It held 132 days of cash on hand (77th percentile among Urban PPS hospitals on liquidity). Operating margin declined from -0.9% in FY20 to -2.3% in FY24. Including nonoperating items, the all-in result was positive at 1.0%.
Operating margin · FY24
-2.3%
▼ 0.3 pts vs FY23
vs Urban PPS hospitals36th pctl of 2,562 (FY24)
Days cash on hand · FY24
132d
all sources
▼ 8.2 days vs FY23
vs Urban PPS hospitals77th pctl of 2,354 (FY24)
Total operating revenue · FY24
$1.03B
▲ 59.1 $M vs FY23
vs Urban PPS hospitals90th pctl of 2,608 (FY24)
Total margin · incl. nonoperating · FY24
+1.0%
▼ 2.0 pts vs FY23
vs Urban PPS hospitals32nd pctl of 2,563 (FY24)
Benchmarked within its own FY24 pool (n=2,562); the Urban PPS hospital cohort's current year is FY25.
One point of operating margin at ST JOSEPH'S UNIVERSITY MEDICAL CENTER INC is about $10.3M per year (1% of FY24 total operating revenue).
Where ST JOSEPH'S UNIVERSITY sits among Urban PPS hospitals
Operating margin · FY24 pool · n = 2,562 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 +2.0%. Descriptive context only, not a ranking.
Benchmarked within its own FY24 pool (n=2,562); the Urban PPS hospital cohort's current year is FY25.
One urban pps hospitalST JOSEPH'SUrban 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
FY22
FY23
FY24
Patient revenue
801,647
832,108
935,968
Other operating revenue
92,101
137,140
92,376
Total operating revenue
893,748
969,249
1,028,344
Total operating expenses
918,464
988,211
1,051,569
Operating income
(24,716)
(18,963)
(23,225)
Operating margin %
-2.8%
-2.0%
-2.3%
Investment income
27,490
12,351
16,156
Other non-operating, net
5,571
38,295
18,169
Net income
8,345
31,683
11,100
Net income %
+0.9%
+3.1%
+1.0%
HCRIS Worksheet G-3 / S-3 · $ thousands · FY20–FY24 · FY20–21 may include COVID-era relief funding in nonoperating income
FY24 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 515-bed hospital at 67% occupancy 38% 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
67.3%
Verified fact2024
HCRIS WS S-3
Average daily census
348.05
Verified fact2024
HCRIS WS S-3
Staffed beds (acute)
515
Verified fact2024
HCRIS WS S-3
Annual discharges
25,518
Verified fact2024
HCRIS WS S-3
Average length of stay
5.0d
Verified fact2024
HCRIS WS S-3
Outpatient share of patient revenue
37.8%
Verified fact2024
HCRIS WS G-2 L28
Total FTEs
4,669
Verified fact2024
HCRIS WS S-3 Pt II
Contract labor share of labor cost
16.7%
Verified fact2024
HCRIS WS S-3 Pt V
Who it serves
Total unreimbursed & uncompensated care
$65.1M
Verified fact2023
HCRIS WS S-10 line 31
How the care measures up
C. difficile infection (SIR)
0.22
Better than the National Benchmark
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
Medicare spending per beneficiary
1.1
CMS-reported measure01/01/2024 to 12/31/2024
CMS Care Compare
Patient-safety composite (PSI-90)
0.73346
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
PASSAIC County, NJ · metro, 1M+ population
Median household income
$87.1K
vs $82.1K US · $59.7K rural median
Poverty rate
13.7%
vs 12.5% US · 14.3% rural median
Uninsured
12.1%
vs 8.6% US · 8.4% rural median
Age 65+
15.5%
vs 16.8% US · 20.6% rural median
Fair or poor health
22.5%
self-reported, adults · CDC PLACES
Primary-care shortage
Designated
HRSA HPSA
Economic context: 10.6% of county personal income is Medicare/Medicaid medical benefits; 22.0% arrives as government transfers (BEA, 2022).
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