A hospital in Cary, NC. It ran an operating surplus of 14.9% in FY25 on $456.1M of operating revenue. It held 1,070 days of cash on hand (100th percentile among Urban PPS hospitals on liquidity). Operating margin improved from 12.8% in FY20 to 14.9% in FY25.
Operating margin · FY25
+14.9%
▲ 4.9 pts vs FY24
vs Urban PPS hospitals82nd pctl of 1,475 (FY25)
Days cash on hand · FY25
1,070d
all sources
▲ 155.7 days vs FY24
vs Urban PPS hospitals100th pctl of 1,386 (FY25)
Total operating revenue · FY25
$456.1M
▲ 44.7 $M vs FY24
vs Urban PPS hospitals67th pctl of 1,503 (FY25)
Total margin · incl. nonoperating · FY25
+14.9%
▲ 4.9 pts vs FY24
vs Urban PPS hospitals77th pctl of 1,475 (FY25)
One point of operating margin at WAKEMED, CARY HOSPITAL is about $4.6M per year (1% of FY25 total operating revenue).
Where WAKEMED, CARY HOSPITAL 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 hospitalWAKEMED, CARYUrban 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
358,443
411,422
456,133
Total operating revenue
358,443
411,422
456,133
Total operating expenses
346,522
370,543
388,324
Operating income
11,922
40,880
67,810
Operating margin %
+3.3%
+9.9%
+14.9%
Other non-operating, net
0
0
0
Net income
11,922
40,880
67,810
Net income %
+3.3%
+9.9%
+14.9%
HCRIS Worksheet G-3 / S-3 · $ thousands · FY20–FY25 · 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 211-bed hospital at 85% occupancy 54% 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
85.1%
Verified fact2025
HCRIS WS S-3
Average daily census
176.02
Verified fact2025
HCRIS WS S-3
Staffed beds (acute)
211
Verified fact2025
HCRIS WS S-3
Annual discharges
16,200
Verified fact2025
HCRIS WS S-3
Average length of stay
4.0d
Verified fact2025
HCRIS WS S-3
Outpatient share of patient revenue
54.2%
Verified fact2025
HCRIS WS G-2 L28
Total FTEs
1,469
Verified fact2025
HCRIS WS S-3 Pt II
Contract labor share of labor cost
18.6%
Verified fact2025
HCRIS WS S-3 Pt V
Who it serves
Total unreimbursed & uncompensated care
$18.8M
Verified fact2023
HCRIS WS S-10 line 31
How the care measures up
C. difficile infection (SIR)
0.283
Better than the National Benchmark
CMS-reported measure07/01/2024 to 06/30/2025
CMS Care Compare
Hospital-wide unplanned readmission
14.6%
No Different Than the National Rate
CMS-reported measure07/01/2023 to 06/30/2024
CMS Care Compare
Medicare spending per beneficiary
0.98
CMS-reported measure01/01/2024 to 12/31/2024
CMS Care Compare
Patient-safety composite (PSI-90)
1.040351
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
WAKE County, NC · metro, 1M+ population
Median household income
$101.8K
vs $82.1K US · $59.7K rural median
Poverty rate
7.9%
vs 12.5% US · 14.3% rural median
Uninsured
8.2%
vs 8.6% US · 8.4% rural median
Age 65+
12.5%
vs 16.8% US · 20.6% rural median
Fair or poor health
13.5%
self-reported, adults · CDC PLACES
Primary-care shortage
Designated
HRSA HPSA
Economic context: 3.9% of county personal income is Medicare/Medicaid medical benefits; 10.5% arrives as government transfers (BEA, 2022).
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