Financial anchor year: FY24. Margin and revenue are as filed for FY24. Balance-sheet measures (current ratio, equity financing, days in A/R) use FY21, 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 Cleveland, OH. It ran an operating surplus of 3.3% in FY24 on $2758.0M of operating revenue. It held 0 days of cash on hand (20th percentile among Children's hospitals on liquidity). Operating margin declined from 6.3% in FY20 to 3.3% in FY24. These figures come from filings spanning FY21–FY24: read each by its own year rather than as one current picture.
Operating margin · FY24
+3.3%
▼ 1.1 pts vs FY23
vs Children's hospitals44th pctl of 66 (FY24)
Days cash on hand · FY24
0d
all sources
▲ 0.1 days vs FY23
vs Children's hospitals20th pctl of 60 (FY24)
Total operating revenue · FY24
$2.76B
▲ 67.7 $M vs FY23
vs Children's hospitals94th pctl of 68 (FY24)
Total margin · incl. nonoperating · FY24
+7.1%
▲ 0.8 pts vs FY23
vs Children's hospitals33rd pctl of 66 (FY24)
Benchmarked within its own FY24 pool (n=66); the Children's hospital cohort's current year is FY25.
One point of operating margin at RAINBOW BABIES AND CHILDRENS HOSPITAL is about $27.6M per year (1% of FY24 total operating revenue).
Where RAINBOW BABIES AND sits among Children's hospitals
Operating margin · FY24 pool · n = 66 of 73 filed
Each point is one Children's 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 Children's hospital median is +5.6%. Descriptive context only, not a ranking.
Benchmarked within its own FY24 pool (n=66); the Children's hospital cohort's current year is FY25.
One children's hospitalRAINBOW BABIESChildren's 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
2,215,814
2,508,324
2,464,832
Other operating revenue
167,738
182,023
293,216
Total operating revenue
2,383,552
2,690,347
2,758,047
Total operating expenses
2,326,088
2,571,618
2,667,662
Operating income
57,465
118,729
90,386
Operating margin %
+2.4%
+4.4%
+3.3%
Other non-operating, net
32,288
53,254
113,470
Net income
89,753
171,983
203,856
Net income %
+3.7%
+6.3%
+7.1%
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 150-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 fact2024
HCRIS WS S-3
Average daily census
60.53
Verified fact2024
HCRIS WS S-3
Staffed beds (acute)
150
Verified fact2024
HCRIS WS S-3
Annual discharges
7,915
Verified fact2024
HCRIS WS S-3
Average length of stay
2.8d
Verified fact2024
HCRIS WS S-3
Outpatient share of patient revenue
53.4%
Verified fact2024
HCRIS WS G-2 L28
How the care measures up
C. difficile infection (SIR)
Data are shown only for hospitals that participate in the Inpatient Quality Reporting (IQR) and Outpatient Quality Reporting (OQR) programs.
CMS-reported measure07/01/2024 to 06/30/2025
CMS Care Compare
Hospital-wide unplanned readmission
Data are shown only for hospitals that participate in the Inpatient Quality Reporting (IQR) and Outpatient Quality Reporting (OQR) programs.
CMS-reported measure07/01/2023 to 06/30/2024
CMS Care Compare
Medicare spending per beneficiary
Data are shown only for hospitals that participate in the Inpatient Quality Reporting (IQR) and Outpatient Quality Reporting (OQR) programs.
CMS-reported measure01/01/2024 to 12/31/2024
CMS Care Compare
Patient-safety composite (PSI-90)
Data are shown only for hospitals that participate in the Inpatient Quality Reporting (IQR) and Outpatient Quality Reporting (OQR) programs.
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
CUYAHOGA County, OH · metro, 1M+ population
Median household income
$62.8K
vs $82.1K US
Poverty rate
16.2%
vs 12.5% US
Uninsured
5.5%
vs 8.6% US
Age 65+
19.0%
vs 16.8% US
Fair or poor health
18.9%
self-reported, adults · CDC PLACES
Primary-care shortage
Designated
HRSA HPSA
Economic context: 10.1% of county personal income is Medicare/Medicaid medical benefits; 20.6% arrives as government transfers (BEA, 2022).
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