Astrelis
Hospice · Boulder, CO

CRAFT HOSPICE LLC

CCN 061614Boulder CountyLatest FY 2024
Cost-report basis
HCRIS · as filed
Not audited by Astrelis
The read

A hospice in Boulder, CO. It ran an operating loss of 20.4% in FY24 on $0.2M of operating revenue. It held 0 days of cash on hand (4th percentile among hospices on liquidity). Operating margin declined from 21.4% in FY23 to -20.4% in FY24. It carries an average daily census of 3.

Average daily census
3
Verified fact2024
Source: CMS Hospice
Hospice Care Index
9
Verified fact2024
Source: CMS Hospice Quality
Operating margin · FY24
-20.4%
41.8 pts vs FY23
vs hospices23rd pctl of 3,488 (FY24)
Total days of care
1213.0d
Verified fact2024
Source: HCRIS CMS-1984

Where CRAFT HOSPICE LLC 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.

-20%-10%0%+10%+20%hospice median +0.08499999999999999%CRAFT HOSPICE -20.45%-20%0%+20%hospice median +0.08499999999999999%CRAFT HOSPICE -20.45%
One hospiceCRAFT 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
-20.4% (FY24)
Operating income ÷ total operating revenue
HCRIS WS G-3
Total margin
-20.4% (FY24)
Net income ÷ total revenue incl. nonoperating
HCRIS WS G-3
Days cash on hand
0d (FY24)
Cash & investments ÷ daily operating expense
HCRIS WS G / G-3
Current ratio
Not shown, balance sheet did not reconcile as filed
Total current assets ÷ current liabilities
HCRIS WS G
Equity financing ratio
Not shown, balance sheet did not reconcile as filed
Total net assets ÷ total assets
HCRIS WS G
Days in net patient A/R
Not shown, balance sheet did not reconcile as filed
Net patient receivables ÷ (net patient revenue ÷ 365), same fiscal year
HCRIS WS G / G-3
$ in thousands
Line itemFY23FY24
Patient revenue266234
Total operating revenue266234
Total operating expenses210282
Operating income57(48)
Operating margin %+21.4%-20.5%
Net income57(48)
Net income %+21.4%-20.5%
2 of 3 years available for this statement.
HCRIS CMS-1984 cost report · $ thousands · FY23–FY24 · patient-service operating basis; non-patient revenue (contributions, investment) is non-operating

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
9
Verified fact2024
CMS Hospice Quality
Average daily census
3
Verified fact2024
CMS Hospice
Routine home care mix
98.9%
Verified fact2024
HCRIS CMS-1984
General inpatient mix
0.5%
Verified fact2024
HCRIS CMS-1984
Respite mix
0.6%
Verified fact2024
HCRIS CMS-1984
Total days of care
1213.0d
Verified fact2024
HCRIS CMS-1984
Continuous home care mix
0.0%
Verified fact2024
HCRIS CMS-1984

Trajectory

Cost-report basis · 2 reporting years
Operating margin
+21.4%-20.4%FY23FY24
Days cash on hand
0 days0 daysFY23FY24

The county this hospice serves

Boulder County, CO · metro, 250K–1M
Median household income
$102.8K
vs $82.1K US · $59.7K rural median
Poverty rate
11.4%
vs 12.5% US · 14.3% rural median
Uninsured
4.4%
vs 8.6% US · 8.4% rural median
Age 65+
15.8%
vs 16.8% US · 20.6% rural median
Fair or poor health
12.6%
self-reported, adults · CDC PLACES
Primary-care shortage
Designated
HRSA HPSA
Economic context: 3.8% of county personal income is Medicare/Medicaid medical benefits; 9.8% arrives as government transfers (BEA, 2022).
Opportunity screen · FY24
$31K

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.
See what's behind this number in the Performance Benchmark →

Hospice Performance Benchmark$2,500Founding Edition

Where this facility is underperforming its matched peer cohort and what that gap is worth, measure by measure. Founding Edition: delivered within 30 days of eligibility confirmation, full refund if the published scope cannot be delivered.

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