A hospital in Toledo, OH. It ran an operating surplus of 19.2% in FY24 on $1602.3M of operating revenue. It held 232 days of cash on hand (87th percentile among Urban PPS hospitals on liquidity). Operating margin improved from 1.1% in FY20 to 19.2% in FY24.
Operating margin · FY24
+19.2%
▲ 14.1 pts vs FY23
vs Urban PPS hospitals88th pctl of 2,562 (FY24)
Days cash on hand · FY24
232d
all sources
▲ 84.0 days vs FY23
vs Urban PPS hospitals87th pctl of 2,354 (FY24)
Total operating revenue · FY24
$1.60B
▲ 123.4 $M vs FY23
vs Urban PPS hospitals95th pctl of 2,608 (FY24)
Total margin · incl. nonoperating · FY24
+21.3%
▲ 5.9 pts vs FY23
vs Urban PPS hospitals88th 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 PROMEDICA TOLEDO HOSPITAL is about $16.0M per year (1% of FY24 total operating revenue).
Where PROMEDICA TOLEDO HOSPITAL 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 hospitalPROMEDICA TOLEDOUrban 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
1,337,530
1,478,852
1,544,500
Other operating revenue
53,659
—
57,779
Total operating revenue
1,391,189
1,478,852
1,602,279
Total operating expenses
1,326,399
1,403,503
1,294,863
Operating income
64,790
75,350
307,416
Operating margin %
+4.7%
+5.1%
+19.2%
Grants & contributions
—
66,967
—
Other non-operating, net
(595,757)
95,651
33,362
Net income
(530,967)
237,968
340,778
Net income %
-66.8%
+14.5%
+20.8%
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
FY23 net patient A/R is not shown: gross A/R was not reported on the filing, making the derived net figure spurious (AR quality flag).
How it operates
quality & operational context · CMS public reporting
A 530-bed hospital at 69% 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
68.5%
Verified fact2024
HCRIS WS S-3
Average daily census
363.70
Verified fact2024
HCRIS WS S-3
Staffed beds (acute)
530
Verified fact2024
HCRIS WS S-3
Annual discharges
32,948
Verified fact2024
HCRIS WS S-3
Average length of stay
4.0d
Verified fact2024
HCRIS WS S-3
Outpatient share of patient revenue
53.2%
Verified fact2024
HCRIS WS G-2 L28
Total FTEs
5,453
Verified fact2024
HCRIS WS S-3 Pt II
Who it serves
Total unreimbursed & uncompensated care
$41.6M
Verified fact2023
HCRIS WS S-10 line 31
How the care measures up
C. difficile infection (SIR)
0.337
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
1.03
CMS-reported measure01/01/2024 to 12/31/2024
CMS Care Compare
Patient-safety composite (PSI-90)
1.22814
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
LUCAS County, OH · metro, 250K–1M
Median household income
$60.1K
vs $82.1K US · $59.7K rural median
Poverty rate
17.8%
vs 12.5% US · 14.3% rural median
Uninsured
5.3%
vs 8.6% US · 8.4% rural median
Age 65+
17.1%
vs 16.8% US · 20.6% rural median
Fair or poor health
20.9%
self-reported, adults · CDC PLACES
Primary-care shortage
Designated
HRSA HPSA
Economic context: 12.4% of county personal income is Medicare/Medicaid medical benefits; 25.0% arrives as government transfers (BEA, 2022).
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