Financial anchor year: FY24. Margin and revenue are as filed for FY24. Balance-sheet measures (current ratio, equity financing, days in A/R) use FY22, the latest filing whose balance sheet reconciled as filed. Days cash on hand is FY22, the most recent year that passed the display gate. Every tile below states its own fiscal year; nothing is carried forward or estimated.
The read
A dialysis facility in East Lansing, MI. It ran an operating surplus of 34.0% in FY24 on $10.7M of operating revenue. It held 49 days of cash on hand in FY22, its most recent reported liquidity (55th percentile among dialysis facilities on liquidity). Operating margin declined from 48.1% in FY20 to 34.0% in FY24, though it rose 3.9 points in the most recent year.
Operating margin · FY24
+34.0%
vs dialysis facilities93rd pctl of 7,741
Days cash on hand · FY22
49d
all sources
vs dialysis facilities55th pctl
Total operating revenue · FY24
$10.7M
vs dialysis facilities98th pctl
Total margin · incl. nonoperating · FY24
+34.0%
vs dialysis facilities94th pctl
Where FMC - EAST sits among dialysis facilities
Operating margin · FY24 pool · n = 7,741 of 7,741 filed
Each point is one dialysis facility 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 dialysis facility median is +11.9%. Descriptive context only, not a ranking.
One dialysis facilityFMC -dialysis facility median
The money
$ thousands · HCRIS cost-report basis · as filed, QA-gated
Ratios tell you how this dialysis facility 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.
Operating margin
+34.0% (FY24)
Operating income ÷ total operating revenue
HCRIS WS G-3
Total margin
+34.0% (FY24)
Net income ÷ total revenue incl. nonoperating
HCRIS WS G-3
Days cash on hand
49d (FY22)
Cash & investments ÷ daily operating expense
HCRIS WS G / G-3
Current ratio
0.05× (FY22)
Total current assets ÷ current liabilities
HCRIS WS G
Equity financing ratio
Not reported in this filing
Total net assets ÷ total assets
HCRIS WS G
Days in net patient A/R
Not reported in this filing
Net patient receivables ÷ (net patient revenue ÷ 365), same fiscal year
HCRIS WS G / G-3
$ in thousands
Line item
FY22
FY23
FY24
Patient revenue
11,932
11,706
10,709
Total operating revenue
11,932
11,706
10,709
Total operating expenses
7,542
8,184
7,070
Operating income
4,390
3,522
3,638
Operating margin %
+36.8%
+30.1%
+34.0%
Other non-operating, net
0
0
0
Net income
4,390
3,522
3,638
Net income %
+36.8%
+30.1%
+34.0%
HCRIS CMS-265 cost report · $ thousands · FY20–FY24 · operating revenue reflects net patient service revenue · FY20–21 may include COVID-era relief funding
How it operates
quality & operational context · CMS public reporting
The metrics this dialysis facility 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.
Quality star
3★
Proxy2026
CMS Dialysis Compare
Total treatments
27,560
Verified fact2024
HCRIS CMS-265
Cost per treatment ($)
256.54
Verified fact2024
HCRIS CMS-265
Net revenue per treatment ($)
388.56
Verified fact2024
HCRIS CMS-265
Dialysis stations
32
Verified fact2026
CMS Dialysis Facility Compare
Modalities offered
3
Verified fact2026
CMS Dialysis Facility Compare
Trajectory
Cost-report basis · 5 reporting years
Operating margin
Days cash on hand
The county this dialysis facility serves
Location, MI · metro, 250K–1M
Median household income
$64.4K
vs $82.1K US · $59.7K rural median
Poverty rate
16.4%
vs 12.5% US · 14.3% rural median
Uninsured
4.9%
vs 8.6% US · 8.4% rural median
Age 65+
14.6%
vs 16.8% US · 20.6% rural median
Fair or poor health
17.7%
self-reported, adults · CDC PLACES
Primary-care shortage
Designated
HRSA HPSA
Economic context: 9.5% of county personal income is Medicare/Medicaid medical benefits; 22.1% arrives as government transfers (BEA, 2022).
The Board Briefing$1,000
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