Financial anchor year: FY25. Margin and revenue are as filed for FY25. Balance-sheet measures (current ratio, equity financing, days in A/R) use FY24, the latest filing whose balance sheet reconciled as filed. Every tile below states its own fiscal year; nothing is carried forward or estimated.
The read
A hospital in Hickory, NC. It ran an operating loss of 1.4% in FY25 on $355.8M of operating revenue. It held 6 days of cash on hand (38th percentile among Urban PPS hospitals on liquidity). Operating margin improved from -6.0% in FY20 to -1.4% in FY25, though it fell 6.1 points in the most recent year.
Operating margin · FY25
-1.4%
▼ 6.1 pts vs FY24
vs Urban PPS hospitals41st pctl of 1,475 (FY25)
Days cash on hand · FY25
6d
all sources
▼ 0.8 days vs FY24
vs Urban PPS hospitals38th pctl of 1,386 (FY25)
Total operating revenue · FY25
$355.8M
▼ 11.1 $M vs FY24
vs Urban PPS hospitals58th pctl of 1,503 (FY25)
Total margin · incl. nonoperating · FY25
-0.8%
▼ 5.9 pts vs FY24
vs Urban PPS hospitals24th pctl of 1,475 (FY25)
One point of operating margin at FRYE REGIONAL MEDICAL CENTER is about $3.6M per year (1% of FY25 total operating revenue).
Where FRYE REGIONAL MEDICAL sits among Urban PPS hospitals
Operating margin · FY25 pool · n = 1,475 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 +1.3%. Descriptive context only, not a ranking.
One urban pps hospitalFRYE REGIONALUrban 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
FY23
FY24
FY25
Patient revenue
267,819
365,457
352,273
Other operating revenue
256
1,455
3,521
Total operating revenue
268,075
366,912
355,794
Total operating expenses
282,484
349,883
360,875
Operating income
(14,409)
17,029
(5,081)
Operating margin %
-5.4%
+4.6%
-1.4%
Investment income
128
85
117
Other non-operating, net
2,993
1,518
1,934
Net income
(11,288)
18,632
(3,030)
Net income %
-4.2%
+5.1%
-0.8%
HCRIS Worksheet G-3 / S-3 · $ thousands · FY20–FY25 · FY20–21 may include COVID-era relief funding in nonoperating income
How it operates
quality & operational context · CMS public reporting
A 196-bed hospital at 40% occupancy 53% 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
40.2%
Verified fact2025
HCRIS WS S-3
Average daily census
78.99
Verified fact2025
HCRIS WS S-3
Staffed beds (acute)
196
Verified fact2025
HCRIS WS S-3
Annual discharges
7,111
Verified fact2025
HCRIS WS S-3
Average length of stay
4.0d
Verified fact2025
HCRIS WS S-3
Outpatient share of patient revenue
53.1%
Verified fact2025
HCRIS WS G-2 L28
Total FTEs
1,282
Verified fact2025
HCRIS WS S-3 Pt II
Contract labor share of labor cost
14.5%
Verified fact2025
HCRIS WS S-3 Pt V
Who it serves
Total unreimbursed & uncompensated care
$7.0M
Verified fact2023
HCRIS WS S-10 line 31
How the care measures up
C. difficile infection (SIR)
0.261
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
1.04
CMS-reported measure01/01/2024 to 12/31/2024
CMS Care Compare
Patient-safety composite (PSI-90)
1.033437
CMS-reported measure07/01/2022 to 06/30/2024
CMS Care Compare
Trajectory
Cost-report basis · 6 reporting years
Operating margin
Days cash on hand
The county this hospital serves
CATAWBA County, NC · metro, 250K–1M
Median household income
$64.5K
vs $82.1K US · $59.7K rural median
Poverty rate
12.8%
vs 12.5% US · 14.3% rural median
Uninsured
11.8%
vs 8.6% US · 8.4% rural median
Age 65+
18.4%
vs 16.8% US · 20.6% rural median
Fair or poor health
18.4%
self-reported, adults · CDC PLACES
Primary-care shortage
Designated
HRSA HPSA
Economic context: 9.3% of county personal income is Medicare/Medicaid medical benefits; 23.9% arrives as government transfers (BEA, 2022).
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