A hospice in Salem, AR. It ran an operating loss of 88.3% in FY24 on $15.8M of operating revenue. It held 11 days of cash on hand (28th percentile among hospices on liquidity). Only a single comparable reporting year is available, so trend context is limited. It carries an average daily census of 242.
Average daily census
242
Verified fact2024
Source: CMS Hospice
Hospice Care Index
10
Verified fact2024
Source: CMS Hospice Quality
Operating margin · FY24
-88.3%
▼ 28.4 pts vs FY23
vs hospices1st pctl of 3,488 (FY24)
Total days of care
99487.0d
Verified fact2024
Source: HCRIS CMS-1984
Where LEGACY HOSPICE OF sits among hospices
Operating margin · FY24 pool · n = 3,488 of 5,626 filed
Each point is one hospice 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 hospice median is +0.1%. Descriptive context only, not a ranking.
One hospiceLEGACY HOSPICEhospice median
The money
$ thousands · HCRIS cost-report basis · as filed, QA-gated
Ratios tell you how this hospice 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
-88.3% (FY24)
Operating income ÷ total operating revenue
HCRIS WS G-3
Total margin
-45.4% (FY24)
Net income ÷ total revenue incl. nonoperating
HCRIS WS G-3
Days cash on hand
11d (FY24)
Cash & investments ÷ daily operating expense
HCRIS WS G / G-3
Current ratio
0.73× (FY24)
Total current assets ÷ current liabilities
HCRIS WS G
Equity financing ratio
86% (FY24)
Total net assets ÷ total assets
HCRIS WS G
Days in net patient A/R
Not shown, outside plausibility bounds
Net patient receivables ÷ (net patient revenue ÷ 365), same fiscal year
HCRIS WS G / G-3
$ in thousands
Line item
FY22
FY23
FY24
Patient revenue
11,224
14,219
15,781
Total operating revenue
11,224
14,219
15,781
Total operating expenses
19,012
22,738
29,711
Operating income
(7,787)
(8,518)
(13,929)
Operating margin %
-69.4%
-59.9%
-88.3%
Other non-operating, net
3,418
4,674
4,647
Net income
(4,369)
(3,844)
(9,282)
Net income %
-29.8%
-20.3%
-45.4%
HCRIS CMS-1984 cost report · $ thousands · FY20–FY24 · patient-service operating basis; non-patient revenue (contributions, investment) is non-operating · FY20–21 may include COVID-era relief funding
How it operates
quality & operational context · CMS public reporting
The metrics this hospice 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.
Hospice Care Index
10
Verified fact2024
CMS Hospice Quality
Average daily census
242
Verified fact2024
CMS Hospice
Routine home care mix
98.8%
Verified fact2024
HCRIS CMS-1984
Continuous home care mix
0.0%
Verified fact2024
HCRIS CMS-1984
General inpatient mix
0.0%
Verified fact2024
HCRIS CMS-1984
Respite mix
1.2%
Verified fact2024
HCRIS CMS-1984
Total days of care
99487.0d
Verified fact2024
HCRIS CMS-1984
CAHPS family caregiver rating
4
Verified fact2024
CMS Hospice CAHPS
Trajectory
Cost-report basis · 5 reporting years
Operating margin
Days cash on hand
The county this hospice serves
Location, AR · nonmetro, rural, remote
Median household income
$38.9K
vs $82.1K US · $59.7K rural median
Poverty rate
14.8%
vs 12.5% US · 14.3% rural median
Uninsured
11.4%
vs 8.6% US · 8.4% rural median
Age 65+
25.9%
vs 16.8% US · 20.6% rural median
Fair or poor health
26.9%
self-reported, adults · CDC PLACES
Primary-care shortage
Designated
HRSA HPSA
Economic context: 19.5% of county personal income is Medicare/Medicaid medical benefits; 44.4% arrives as government transfers (BEA, 2022).
Opportunity screen · FY24
≈ $9.3M
of annual opportunity identified against peer medians across 2 measures
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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