Astrelis
Urban PPS hospital · Summit, NJ

OVERLOOK MEDICAL CENTER

CCN 310051UNION CountyVoluntary non-profit - PrivateUrban (USDA RUCC)374 bedsLatest FY 2024
Cost-report basis
HCRIS · as filed
Not audited by Astrelis
The read

A hospital in Summit, NJ. It ran an operating surplus of 10.1% in FY24 on $1051.3M of operating revenue. It held 6 days of cash on hand (37th percentile among Urban PPS hospitals on liquidity).

Operating margin · FY24
+10.1%
0.2 pts vs FY23
vs Urban PPS hospitals72nd pctl of 2,562 (FY24)
Days cash on hand · FY24
6d
all sources
0.3 days vs FY23
vs Urban PPS hospitals37th pctl of 2,354 (FY24)
Total operating revenue · FY24
$1.05B
84.3 $M vs FY23
vs Urban PPS hospitals90th pctl of 2,608 (FY24)
Total margin · incl. nonoperating · FY24
+10.5%
0.6 pts vs FY23
vs Urban PPS hospitals66th 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 OVERLOOK MEDICAL CENTER is about $10.5M per year (1% of FY24 total operating revenue).

Where OVERLOOK MEDICAL CENTER 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.
-20%-10%0%+10%+20%Urban PPS hospital median +2.027429837815152%OVERLOOK MEDICAL +10.088716631383894%-20%0%+20%Urban PPS hospital median +2.027429837815152%OVERLOOK MEDICAL +10.088716631383894%
One urban pps hospitalOVERLOOK MEDICALUrban 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.

Operating margin
+10.1% (FY24)
Operating income ÷ total operating revenue
HCRIS WS G-3
Total margin
+10.5% (FY24)
Net income ÷ total revenue incl. nonoperating
HCRIS WS G-3
Days cash on hand
6d (FY24)
Cash, investments & board-designated reserves ÷ daily operating expense (excl. depreciation)
HCRIS WS G / G-3
Current ratio
14.25× (FY24)
Total current assets ÷ current liabilities
HCRIS WS G
Equity financing ratio
92% (FY24)
Total net assets ÷ total assets
HCRIS WS G
Days in net patient A/R
42d (FY24)
Net patient receivables ÷ (net patient revenue ÷ 365), same fiscal year
HCRIS WS G / G-3
$ in thousands
Line itemFY22FY23FY24
Patient revenue880,154950,7641,042,886
Other operating revenue16,52716,2328,382
Total operating revenue896,681966,9961,051,269
Total operating expenses801,875867,441945,209
Operating income94,80699,555106,060
Operating margin %+10.6%+10.3%+10.1%
Other non-operating, net7,1978,2774,393
Net income102,003107,832110,453
Net income %+11.3%+11.1%+10.5%
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 374-bed hospital at 62% occupancy 57% 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
61.6%
Verified fact2024
HCRIS WS S-3
Average daily census
231.16
Verified fact2024
HCRIS WS S-3
Staffed beds (acute)
374
Verified fact2024
HCRIS WS S-3
Annual discharges
21,415
Verified fact2024
HCRIS WS S-3
Average length of stay
3.9d
Verified fact2024
HCRIS WS S-3
Outpatient share of patient revenue
56.6%
Verified fact2024
HCRIS WS G-2 L28
Total FTEs
3,879
Verified fact2024
HCRIS WS S-3 Pt II
Contract labor share of labor cost
17.9%
Verified fact2024
HCRIS WS S-3 Pt V
Who it serves
Total unreimbursed & uncompensated care
$41.7M
Verified fact2023
HCRIS WS S-10 line 31
How the care measures up
C. difficile infection (SIR)
0.457
Better than the National Benchmark
CMS-reported measure07/01/2024 to 06/30/2025
CMS Care Compare
Hospital-wide unplanned readmission
13.9%
Better Than the National Rate
CMS-reported measure07/01/2023 to 06/30/2024
CMS Care Compare
Medicare spending per beneficiary
1.04
CMS-reported measure01/01/2024 to 12/31/2024
CMS Care Compare
Patient-safety composite (PSI-90)
0.732582
CMS-reported measure07/01/2022 to 06/30/2024
CMS Care Compare

Trajectory

Cost-report basis · 5 reporting years
Operating margin
+10.6%+10.3%+10.1%FY20FY21FY22FY23FY24
Days cash on hand
0 days5 days5 days6 daysFY20FY21FY22FY23FY24

The county this hospital serves

UNION County, NJ · metro, 1M+ population
Median household income
$100.1K
vs $82.1K US · $59.7K rural median
Poverty rate
8.9%
vs 12.5% US · 14.3% rural median
Uninsured
12.4%
vs 8.6% US · 8.4% rural median
Age 65+
14.8%
vs 16.8% US · 20.6% rural median
Fair or poor health
17.9%
self-reported, adults · CDC PLACES
Primary-care shortage
Designated
HRSA HPSA
Economic context: 6.0% of county personal income is Medicare/Medicaid medical benefits; 13.3% arrives as government transfers (BEA, 2022).

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