Financial anchor year: FY25. Margin and revenue are as filed for FY25. Balance-sheet measures (current ratio, equity financing, days in A/R) use FY22, the latest filing whose balance sheet reconciled as filed. Every tile below states its own fiscal year; nothing is carried forward or estimated.
The read
A hospice in Mount Pleasant, MI. It reported $6.3M of operating revenue. It held 1,186 days of cash on hand (99th 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 86. These figures come from filings spanning FY22–FY25: read each by its own year rather than as one current picture.
Average daily census
86
Verified fact2025
Source: CMS Hospice
Hospice Care Index
10
Verified fact2025
Source: CMS Hospice Quality
Operating margin
Not available
vs hospices—
Total days of care
36467.0d
Verified fact2025
Source: HCRIS CMS-1984
This facility's newest settled year, FY25, has not yet reached pool validity: benchmarked against the FY24 pool (n=3,488).
Where MyMichigan Home Care 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.
This facility's newest settled year, FY25, has not yet reached pool validity: benchmarked against the FY24 pool (n=3,488).
One hospiceMyMichigan Homehospice 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
Not reported in this filing
Operating income ÷ total operating revenue
HCRIS WS G-3
Total margin
-19.1% (FY25)
Net income ÷ total revenue incl. nonoperating
HCRIS WS G-3
Days cash on hand
1186d (FY25)
Cash & investments ÷ daily operating expense
HCRIS WS G / G-3
Current ratio
5.52× (FY22)
Total current assets ÷ current liabilities
HCRIS WS G
Equity financing ratio
17% (FY22)
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
FY23
FY24
FY25
Patient revenue
5,350
6,573
6,303
Total operating revenue
5,350
6,573
6,303
Total operating expenses
26,577
28,933
31,416
Operating income
(21,227)
(22,360)
(25,113)
Operating margin %
-396.8%
-340.2%
-398.4%
Other non-operating, net
18,246
20,071
20,085
Net income
(2,981)
(2,289)
(5,028)
Net income %
-12.6%
-8.6%
-19.1%
HCRIS CMS-1984 cost report · $ thousands · FY21–FY25 · 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 fact2025
CMS Hospice Quality
Average daily census
86
Verified fact2025
CMS Hospice
Routine home care mix
99.4%
Verified fact2025
HCRIS CMS-1984
General inpatient mix
0.0%
Verified fact2025
HCRIS CMS-1984
Respite mix
0.5%
Verified fact2025
HCRIS CMS-1984
Total days of care
36467.0d
Verified fact2025
HCRIS CMS-1984
CAHPS family caregiver rating
4
Verified fact2025
CMS Hospice CAHPS
Continuous home care mix
0.0%
Verified fact2025
HCRIS CMS-1984
Trajectory
Cost-report basis · 5 reporting years
Operating margin
Days cash on hand
The county this hospice serves
Location, MI · nonmetro, urban 20K+, metro-adjacent
Median household income
$53.8K
vs $82.1K US · $59.7K rural median
Poverty rate
23.2%
vs 12.5% US · 14.3% rural median
Uninsured
7.6%
vs 8.6% US · 8.4% rural median
Age 65+
13.7%
vs 16.8% US · 20.6% rural median
Fair or poor health
20.1%
self-reported, adults · CDC PLACES
Primary-care shortage
Designated
HRSA HPSA
Economic context: 15.5% of county personal income is Medicare/Medicaid medical benefits; 29.4% arrives as government transfers (BEA, 2022).
Opportunity screen · FY25
≈ $9.7M
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.
FY25 has not yet reached pool validity: benchmarked against the FY24 pool (n=4,349).
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