A hospital in Brick, NJ. It ran an operating loss of 0.6% in FY24 on $581.9M of operating revenue. It held 68 days of cash on hand (65th percentile among Urban PPS hospitals on liquidity). Operating margin improved from -2.8% in FY20 to -0.6% in FY24.
Operating margin · FY24
-0.6%
▼ 0.4 pts vs FY23
vs Urban PPS hospitals41st pctl of 2,562 (FY24)
Days cash on hand · FY24
68d
all sources
▼ 3.2 days vs FY23
vs Urban PPS hospitals65th pctl of 2,354 (FY24)
Total operating revenue · FY24
$581.9M
▲ 50.6 $M vs FY23
vs Urban PPS hospitals76th pctl of 2,608 (FY24)
Total margin · incl. nonoperating · FY24
-0.2%
▼ 3.1 pts vs FY23
vs Urban PPS hospitals27th 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 OCEAN MEDICAL CENTER is about $5.8M per year (1% of FY24 total operating revenue).
Where OCEAN 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.
One urban pps hospitalOCEAN 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.
Net patient receivables ÷ (net patient revenue ÷ 365), same fiscal year
HCRIS WS G / G-3
$ in thousands
Line item
FY22
FY23
FY24
Patient revenue
466,230
531,056
581,637
Other operating revenue
70
197
223
Total operating revenue
466,300
531,253
581,860
Total operating expenses
484,206
531,893
585,133
Operating income
(17,906)
(640)
(3,272)
Operating margin %
-3.8%
-0.1%
-0.6%
Grants & contributions
834
986
789
Investment income
31,736
7,572
(9,169)
Other non-operating, net
30,778
7,869
10,667
Net income
45,442
15,787
(985)
Net income %
+8.6%
+2.9%
-0.2%
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 289-bed hospital at 68% occupancy 43% 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
68.2%
Verified fact2024
HCRIS WS S-3
Average daily census
197.51
Verified fact2024
HCRIS WS S-3
Staffed beds (acute)
289
Verified fact2024
HCRIS WS S-3
Annual discharges
15,664
Verified fact2024
HCRIS WS S-3
Average length of stay
4.6d
Verified fact2024
HCRIS WS S-3
Outpatient share of patient revenue
42.6%
Verified fact2024
HCRIS WS G-2 L28
Total FTEs
2,186
Verified fact2024
HCRIS WS S-3 Pt II
Contract labor share of labor cost
28.3%
Verified fact2024
HCRIS WS S-3 Pt V
Who it serves
Total unreimbursed & uncompensated care
$23.7M
Verified fact2023
HCRIS WS S-10 line 31
How the care measures up
C. difficile infection (SIR)
0.563
Better than the National Benchmark
CMS-reported measure07/01/2024 to 06/30/2025
CMS Care Compare
Hospital-wide unplanned readmission
14.7%
No Different Than the National Rate
CMS-reported measure07/01/2023 to 06/30/2024
CMS Care Compare
Medicare spending per beneficiary
1.11
CMS-reported measure01/01/2024 to 12/31/2024
CMS Care Compare
Patient-safety composite (PSI-90)
1.018834
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
OCEAN County, NJ · metro, 1M+ population
Median household income
$86.4K
vs $82.1K US · $59.7K rural median
Poverty rate
10.4%
vs 12.5% US · 14.3% rural median
Uninsured
4.2%
vs 8.6% US · 8.4% rural median
Age 65+
22.4%
vs 16.8% US · 20.6% rural median
Fair or poor health
15.8%
self-reported, adults · CDC PLACES
Primary-care shortage
Designated
HRSA HPSA
Economic context: 10.4% of county personal income is Medicare/Medicaid medical benefits; 23.7% arrives as government transfers (BEA, 2022).
The Board Briefing$1,000
The free profile shows the record. The Board Briefing tells you what changed, what matters, and what your board should ask. 35+ pages, built entirely from public sources, no client data required. Delivered within 2 business days. If we cannot deliver the published scope for your facility, you pay nothing.
Every facility in your portfolio, benchmarked and triaged: which are fine, which need a closer look, which need attention now. Requires only a CCN roster. Founding Edition: delivered within 30 days of eligibility confirmation, full refund if the published scope cannot be delivered.
