A hospital in Rock Creek, OH. It ran an operating surplus of 19.2% in FY24 on $28.1M of operating revenue. It held 59 days of cash on hand (63rd percentile among Urban PPS hospitals on liquidity). Operating margin declined from 24.3% in FY20 to 19.2% in FY24, though it rose 17.3 points in the most recent year.
Operating margin · FY24
+19.2%
▲ 17.3 pts vs FY23
vs Urban PPS hospitals89th pctl of 2,562 (FY24)
Days cash on hand · FY24
59d
all sources
▼ 16.3 days vs FY23
vs Urban PPS hospitals63rd pctl of 2,354 (FY24)
Total operating revenue · FY24
$28.1M
▲ 5.3 $M vs FY23
vs Urban PPS hospitals4th pctl of 2,608 (FY24)
Total margin · incl. nonoperating · FY24
+19.2%
▲ 15.3 pts vs FY23
vs Urban PPS hospitals86th 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 GLENBEIGH HEALTH SOURCES is about $281K per year (1% of FY24 total operating revenue).
Where GLENBEIGH HEALTH SOURCES 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 hospitalGLENBEIGH HEALTHUrban 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
24,545
21,899
27,272
Other operating revenue
3,022
843
780
Total operating revenue
27,566
22,742
28,051
Total operating expenses
21,569
22,306
22,652
Operating income
5,998
436
5,400
Operating margin %
+21.8%
+1.9%
+19.3%
Grants & contributions
42
99
—
Investment income
3
8
—
Other non-operating, net
302
369
0
Net income
6,345
912
5,400
Net income %
+22.7%
+3.9%
+19.3%
HCRIS Worksheet G-3 / S-3 · $ thousands · FY20–FY24 · FY20–21 may include COVID-era relief funding in nonoperating income
FY21, FY22, FY23, FY24 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 114-bed hospital at 74% occupancy 14% 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
74.0%
Verified fact2024
HCRIS WS S-3
Average daily census
84.54
Verified fact2024
HCRIS WS S-3
Staffed beds (acute)
114
Verified fact2024
HCRIS WS S-3
Annual discharges
1,878
Verified fact2024
HCRIS WS S-3
Average length of stay
16.4d
Verified fact2024
HCRIS WS S-3
Outpatient share of patient revenue
13.7%
Verified fact2024
HCRIS WS G-2 L28
Total FTEs
203.90
Verified fact2024
HCRIS WS S-3 Pt II
Contract labor share of labor cost
23.7%
Verified fact2024
HCRIS WS S-3 Pt V
Who it serves
Total unreimbursed & uncompensated care
$0.4M
Verified fact2023
HCRIS WS S-10 line 31
How the care measures up
C. difficile infection (SIR)
0
Better than the National Benchmark
CMS-reported measure07/01/2024 to 06/30/2025
CMS Care Compare
Hospital-wide unplanned readmission
14.1%
No Different Than the National Rate
CMS-reported measure07/01/2023 to 06/30/2024
CMS Care Compare
Medicare spending per beneficiary
0.78
CMS-reported measure01/01/2024 to 12/31/2024
CMS Care Compare
Patient-safety composite (PSI-90)
The number of cases/patients is too few to report.
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
ASHTABULA County, OH · metro, 1M+ population
Median household income
$55.5K
vs $82.1K US · $59.7K rural median
Poverty rate
18.3%
vs 12.5% US · 14.3% rural median
Uninsured
9.5%
vs 8.6% US · 8.4% rural median
Age 65+
19.9%
vs 16.8% US · 20.6% rural median
Fair or poor health
22.9%
self-reported, adults · CDC PLACES
Primary-care shortage
Designated
HRSA HPSA
Economic context: 16.5% of county personal income is Medicare/Medicaid medical benefits; 32.6% arrives as government transfers (BEA, 2022).
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