A hospital in New Brunswick, NJ. It ran an operating loss of 7.2% in FY24 on $200.4M of operating revenue. It held 3 days of cash on hand (25th percentile among Children's hospitals on liquidity). Operating margin improved from -12.4% in FY20 to -7.2% in FY24.
Operating margin · FY24
-7.2%
▲ 7.0 pts vs FY23
vs Children's hospitals17th pctl of 66 (FY24)
Days cash on hand · FY24
3d
all sources
▲ 0.3 days vs FY23
vs Children's hospitals25th pctl of 60 (FY24)
Total operating revenue · FY24
$200.4M
▲ 34.4 $M vs FY23
vs Children's hospitals19th pctl of 68 (FY24)
Total margin · incl. nonoperating · FY24
-2.1%
▼ 0.2 pts vs FY23
vs Children's hospitals12th 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 SPECIALIZED HOSPITAL is about $2.0M per year (1% of FY24 total operating revenue).
Where CHILDREN'S SPECIALIZED HOSPITAL 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 SPECIALIZEDChildren'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
150,141
165,127
182,329
Other operating revenue
98
855
18,061
Total operating revenue
150,239
165,982
200,390
Total operating expenses
177,308
189,550
214,790
Operating income
(27,068)
(23,568)
(14,400)
Operating margin %
-18.0%
-14.2%
-7.2%
Grants & contributions
—
16,806
—
Investment income
—
1,078
1,175
Other non-operating, net
23,962
2,005
8,719
Net income
(3,106)
(3,679)
(4,506)
Net income %
-1.8%
-2.0%
-2.1%
HCRIS Worksheet G-3 / S-3 · $ thousands · FY20–FY24 · 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
How it operates
quality & operational context · CMS public reporting
A 68-bed hospital at 76% 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
76.0%
Verified fact2024
HCRIS WS S-3
Average daily census
51.71
Verified fact2024
HCRIS WS S-3
Staffed beds (acute)
68
Verified fact2024
HCRIS WS S-3
Annual discharges
545
Verified fact2024
HCRIS WS S-3
Average length of stay
34.6d
Verified fact2024
HCRIS WS S-3
Outpatient share of patient revenue
42.7%
Verified fact2024
HCRIS WS G-2 L28
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
MIDDLESEX County, NJ
Median household income
$109.0K
vs $82.1K US
Poverty rate
8.5%
vs 12.5% US
Uninsured
7.1%
vs 8.6% US
Age 65+
15.8%
vs 16.8% US
Fair or poor health
17.0%
self-reported, adults · CDC PLACES
Primary-care shortage
Designated
HRSA HPSA
Economic context: 5.8% of county personal income is Medicare/Medicaid medical benefits; 13.8% arrives as government transfers (BEA, 2022).
The Board Briefing$1,000
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