A hospital in Cooperstown, NY. It ran an operating loss of 22.1% in FY24 on $671.6M of operating revenue. It held 8 days of cash on hand (32nd percentile among Rural PPS hospitals on liquidity). Operating margin improved from -26.9% in FY20 to -22.1% in FY24, though it fell 2.9 points in the most recent year.
Operating margin · FY24
-22.1%
▼ 2.9 pts vs FY23
vs Rural PPS hospitals10th pctl of 387 (FY24)
Days cash on hand · FY24
8d
all sources
▼ 56.9 days vs FY23
vs Rural PPS hospitals32nd pctl of 376 (FY24)
Total operating revenue · FY24
$671.6M
▲ 65.3 $M vs FY23
vs Rural PPS hospitals98th pctl of 393 (FY24)
Total margin · incl. nonoperating · FY24
-1.5%
▲ 3.4 pts vs FY23
vs Rural PPS hospitals31st pctl of 387 (FY24)
One point of operating margin at BASSETT HEALTHCARE is about $6.7M per year (1% of FY24 total operating revenue).
Where BASSETT HEALTHCARE sits among Rural PPS hospitals
Operating margin · FY24 pool · n = 387 of 418 filed
Each point is one Rural 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 Rural PPS hospital median is -0.9%. Descriptive context only, not a ranking.
One rural pps hospitalBASSETT HEALTHCARERural 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
529,107
606,308
671,576
Total operating revenue
529,107
606,308
671,576
Total operating expenses
696,210
722,643
819,781
Operating income
(167,103)
(116,335)
(148,205)
Operating margin %
-31.6%
-19.2%
-22.1%
Grants & contributions
11,739
7,039
8,459
Investment income
82
494
792
Other non-operating, net
72,725
75,314
126,791
Net income
(82,557)
(33,488)
(12,163)
Net income %
-13.5%
-4.9%
-1.5%
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 146-bed hospital at 76% occupancy 76% 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
76.1%
Verified fact2024
HCRIS WS S-3
Average daily census
111.09
Verified fact2024
HCRIS WS S-3
Staffed beds (acute)
146
Verified fact2024
HCRIS WS S-3
Annual discharges
8,925
Verified fact2024
HCRIS WS S-3
Average length of stay
4.5d
Verified fact2024
HCRIS WS S-3
Outpatient share of patient revenue
76.5%
Verified fact2024
HCRIS WS G-2 L28
Total FTEs
2,978
Verified fact2024
HCRIS WS S-3 Pt II
Who it serves
Total unreimbursed & uncompensated care
$3.6M
Verified fact2023
HCRIS WS S-10 line 31
How the care measures up
C. difficile infection (SIR)
0.529
Better than the National Benchmark
CMS-reported measure07/01/2024 to 06/30/2025
CMS Care Compare
Hospital-wide unplanned readmission
15.6%
No Different Than the National Rate
CMS-reported measure07/01/2023 to 06/30/2024
CMS Care Compare
Medicare spending per beneficiary
0.99
CMS-reported measure01/01/2024 to 12/31/2024
CMS Care Compare
Patient-safety composite (PSI-90)
1.268191
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
OTSEGO County, NY · nonmetro, urban 5–20K
Median household income
$67.1K
vs $82.1K US · $59.7K rural median
Poverty rate
14.1%
vs 12.5% US · 14.3% rural median
Uninsured
4.6%
vs 8.6% US · 8.4% rural median
Age 65+
21.3%
vs 16.8% US · 20.6% rural median
Fair or poor health
17.2%
self-reported, adults · CDC PLACES
Primary-care shortage
Designated
HRSA HPSA
Economic context: 11.8% of county personal income is Medicare/Medicaid medical benefits; 25.7% arrives as government transfers (BEA, 2022).
Method: NCRHW 2016 study of critical access hospitals (IMPLAN Type II), employment × 1.34, earnings × 1.19; output × 2.30 (AHA national, upper bound for rural). This hospital is not a critical access hospital. No published multiplier specific to its type was used, so the CAH ratios are applied unchanged and every multiplied figure here should be read as an upper-bound estimate, not a measurement of this facility. Direct figures are reported values from the facility's HCRIS cost report; multiplied figures are estimates.
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