Historical record. CMS lists this CCN as terminated (voluntary - merger/closure). No successor CCN is recorded. The financials below are the historical results reported under this number and are excluded from current peer comparisons and state counts.
Cost-report basis
HCRIS · as filed
Not audited by Astrelis
The read
A home health agency in Traverse City, MI. It ran an operating loss of 98.3% in FY24 on $0.8M of operating revenue. It held 886 days of cash on hand. Only a single comparable reporting year is available, so trend context is limited.
Days cash on hand · FY24
886d
all sources
vs home health agencies—
Total operating revenue · FY24
$0.8M
vs home health agencies—
Operating margin · FY24
-98.3%
vs home health agencies—
Total margin · incl. nonoperating · FY24
-92.1%
vs home health agencies—
Where THE CARE TEAM sits among home health agencies
Operating margin · FY24 pool · n = 6,394 of 8,555 filed
Each point is one home health agency 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 home health agency median is +4.1%. Descriptive context only, not a ranking.
One home health agencyTHE CAREhome health agency median
The money
$ thousands · HCRIS cost-report basis · as filed, QA-gated
Ratios tell you how this home health agency 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
-98.3% (FY24)
Operating income ÷ total operating revenue
HCRIS WS G-3
Total margin
-92.1% (FY24)
Net income ÷ total revenue incl. nonoperating
HCRIS WS G-3
Days cash on hand
886d (FY24)
Cash & investments ÷ daily operating expense
HCRIS WS G / G-3
Current ratio
Not reported in this filing
Total current assets ÷ current liabilities
HCRIS WS G
Equity financing ratio
33% (FY24)
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
1,394
1,542
767
Total operating revenue
1,394
1,542
767
Total operating expenses
1,340
1,938
1,521
Operating income
54
(395)
(754)
Operating margin %
+3.9%
-25.6%
-98.3%
Other non-operating, net
0
0
25
Net income
54
(395)
(729)
Net income %
+3.9%
-25.6%
-92.0%
HCRIS CMS-1728 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 home health agency 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.
Total visits
2,275
Verified fact2024
HCRIS CMS-1728
Total episodes
125
Verified fact2024
HCRIS CMS-1728
Unduplicated patients
100
Verified fact2024
HCRIS CMS-1728
Cost per visit ($)
668.44
Verified fact2024
HCRIS CMS-1728
Medicare revenue share
49.7%
Verified fact2024
HCRIS CMS-1728
Trajectory
Cost-report basis · 5 reporting years
Operating margin
Days cash on hand
The county this home health agency serves
Grand Traverse County, MI
Median household income
$79.5K
vs $82.1K US · $59.7K rural median
Poverty rate
8.6%
vs 12.5% US · 14.3% rural median
Uninsured
4.3%
vs 8.6% US · 8.4% rural median
Age 65+
21.3%
vs 16.8% US · 20.6% rural median
Fair or poor health
16.9%
self-reported, adults · CDC PLACES
Primary-care shortage
Designated
HRSA HPSA
Economic context: 7.6% of county personal income is Medicare/Medicaid medical benefits; 19.4% arrives as government transfers (BEA, 2022).
Opportunity screen · FY23
≈ $116K
of annual opportunity identified against peer medians across 1 measure
Directional, conservative band. Arithmetic against matched-peer medians from public filings, not a projection; public data cannot fully control for patient acuity.
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