A hospice in Hiawatha, KS. It ran an operating surplus of 6.5% in FY22 on $1.0M of operating revenue. It held 8 days of cash on hand (21st percentile among hospices on liquidity). Operating margin improved from 4.3% in FY20 to 6.5% in FY22, though it fell 2.5 points in the most recent year.
Days cash on hand · FY22
8d
all sources
▼ 0.2 days vs FY21
vs hospices21st pctl of 2,345 (FY22)
Total operating revenue · FY22
$1.0M
▼ 0.6 $M vs FY21
vs hospices20th pctl of 3,459 (FY22)
Operating margin · FY22
+6.5%
▼ 2.5 pts vs FY21
vs hospices64th pctl of 3,198 (FY22)
Total days of care
5344.0d
Verified fact2022
Source: HCRIS CMS-1984
Benchmarked within its own FY22 pool (n=3,198); the hospice cohort's current year is FY24.
Where FREEDOM HOSPICE sits among hospices
Operating margin · FY22 pool · n = 3,198 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 -1.3%. Descriptive context only, not a ranking.
Benchmarked within its own FY22 pool (n=3,198); the hospice cohort's current year is FY24.
One hospiceFREEDOM 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
+6.5% (FY22)
Operating income ÷ total operating revenue
HCRIS WS G-3
Total margin
+6.5% (FY22)
Net income ÷ total revenue incl. nonoperating
HCRIS WS G-3
Days cash on hand
8d (FY22)
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 item
FY20
FY21
FY22
Patient revenue
1,806
1,604
1,048
Total operating revenue
1,806
1,604
1,048
Total operating expenses
1,729
1,460
980
Operating income
77
144
68
Operating margin %
+4.3%
+9.0%
+6.5%
Other non-operating, net
1
0
0
Net income
78
144
68
Net income %
+4.3%
+9.0%
+6.5%
HCRIS CMS-1984 cost report · $ thousands · FY20–FY22 · 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.
Routine home care mix
99.8%
Verified fact2022
HCRIS CMS-1984
Continuous home care mix
0.0%
Verified fact2022
HCRIS CMS-1984
General inpatient mix
0.0%
Verified fact2022
HCRIS CMS-1984
Respite mix
0.2%
Verified fact2022
HCRIS CMS-1984
Total days of care
5344.0d
Verified fact2022
HCRIS CMS-1984
Trajectory
Cost-report basis · 3 reporting years
Operating margin
Days cash on hand
The county this hospice serves
Brown County, KS · nonmetro, rural, metro-adjacent
Median household income
$58.9K
vs $82.1K US · $59.7K rural median
Poverty rate
14.2%
vs 12.5% US · 14.3% rural median
Uninsured
10.2%
vs 8.6% US · 8.4% rural median
Age 65+
21.5%
vs 16.8% US · 20.6% rural median
Fair or poor health
20.4%
self-reported, adults · CDC PLACES
Primary-care shortage
Designated
HRSA HPSA
Economic context: 12.1% of county personal income is Medicare/Medicaid medical benefits; 26.7% arrives as government transfers (BEA, 2022).
Opportunity screen · FY22
≈ $11K
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.
FY22 has not yet reached pool validity: benchmarked against the FY24 pool (n=4,349).
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