Average daily census: 34 in FY2025. Hospice Care Index: 9 in FY2025. Operating margin: +50.3% in FY2025, the 98th percentile of 3,640 hospices in the FY2025 pool. Total days of care: 14,893 days in FY2025. Days cash on hand: 37,072 days in FY2020, the 99th percentile of 2,443 hospices in the FY2020 pool. Total operating revenue: $2.6M in FY2025, the 37th percentile of 3,645 hospices in the FY2025 pool. Total margin (including nonoperating): +50.3% in FY2025, the 98th percentile of 3,641 hospices in the FY2025 pool. Figures as filed; not audited by Astrelis.
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. Days cash on hand is FY20, the most recent year that passed the display gate. Every tile below states its own fiscal year; nothing is carried forward or estimated.
The read
A hospice in Big Rapids, MI. It ran an operating surplus of 50.3% in FY25 on $2.6M of operating revenue. It held 37,072 days of cash on hand in FY20, its most recent reported liquidity — an Astrelis calculation outside expected range, shown at the chart boundary and ranked in its pool (99th percentile of 2,443 hospices on liquidity, FY20 pool). Operating margin improved from 32.3% in FY20 to 50.3% in FY25. It carries an average daily census of 34. These figures come from filings spanning FY20–FY25: read each by its own year rather than as one current picture.
Average daily census
34
Reported value2025
Source: CMS Hospice
Hospice Care Index
9
Reported value2025
Source: CMS Hospice Quality
Operating margin · FY25
+50.3%
Astrelis calculation · as-filed inputs
vs hospices98th pctl of 3,640 (FY25 pool)
pool: this metric's own fiscal year · excludes historical, non-panel, and out-of-range values
Total days of care
14,893 days
Reported value2025
Source: HCRIS CMS-1984
Where ELARA CARING sits among hospices
Operating margin · FY25 pool · n = 3,640 of 3,944 filed
Each point is one hospice in the national FY25 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 FY25 median is -0.8%. Descriptive context only, not a ranking.
One hospiceELARA CARINGhospice 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 computes only when every input is reported in the filing (otherwise its cell states which input is Not reported in source); a year whose balance sheet does not reconcile is labeled, and its derived ratios read Astrelis calculation unavailable. Not audited by Astrelis.
Operating margin
+50.3% (FY25)
Operating income ÷ total operating revenue
Astrelis calculation · HCRIS WS G-3
Total margin
+50.3% (FY25)
Net income ÷ total revenue incl. nonoperating
Astrelis calculation · HCRIS WS G-3
Days cash on hand
37072d (FY20)
Cash & investments ÷ daily operating expense
Astrelis calculation · HCRIS WS G / G-3
Current ratio
0.00× (FY22)
Total current assets ÷ current liabilities
Astrelis calculation · HCRIS WS G
Equity financing ratio
-66433% (FY22)
Total net assets ÷ total assets
Astrelis calculation · HCRIS WS G
Days in net patient A/R
0d (FY22) — outside expected range; computed from the filed statement and not ranked against peers
Net patient receivables ÷ (net patient revenue ÷ 365), same fiscal year
Astrelis calculation · HCRIS WS G / G-3
$ in thousands
Line item
FY23
FY24
FY25
Patient revenue
1,803
2,090
2,558
Total operating revenue
1,803
2,090
2,558
Total operating expenses
1,236
1,241
1,272
Operating income
567
849
1,286
Operating margin %
+31.4%
+40.6%
+50.3%
Other non-operating, net
98
0
0
Net income
665
849
1,286
Net income %
+35.0%
+40.6%
+50.3%
— = Not reported in source for that year.
HCRIS CMS-1984 cost report · $ thousands · FY20–FY25 · patient-service operating basis; non-patient revenue (contributions, investment) is non-operating · FY20–21 may include COVID-era relief funding
Display states.FY20 · Days cash on hand: 37,072 days — Astrelis calculation · outside expected range; shown at the chart boundary and included in peer statistics (outside the 0–1,500-day expected range — a valid filing can produce this; the pool absorbs it)
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 provenance class and public source; descriptive context only, never a ranking or adequacy claim. Provenance labels: Reported value is copied from the named public source; Astrelis calculation is a formula applied to unchanged reported inputs, with the formula shown; Illustrative estimate is a benchmark gap, multiplier, or scenario — never a measurement.
Hospice Care Index
9
Reported value2025
CMS Hospice Quality
Average daily census
34
Reported value2025
CMS Hospice
Routine home care mix
99.9%
Reported value2025
HCRIS CMS-1984
General inpatient mix
0.0%
Reported value2025
HCRIS CMS-1984
Respite mix
0.1%
Reported value2025
HCRIS CMS-1984
Total days of care
14,893 days
Reported value2025
HCRIS CMS-1984
Continuous home care mix
0.0%
Reported value2025
HCRIS CMS-1984
Trajectory
Cost-report basis · 6 reporting years
Operating margin
Days cash on hand
State context
Big Rapids, MI
Located in Big Rapids, MI. County-level statistics: linkage not established — this record's county mapping is not verified in the resolved spine, and we never place a facility in a county by guesswork. State-level context appears here once a state aggregate layer lands.
Operating margin vs its peer poolFY25Astrelis calculation
Operating margin vs its peer pool: FY25 pool · n = 3,640.
Performance Benchmark Report: FY25 peer pool · n = 3,640 · conservative low band; acuity limits stated in the report.
Report coverage: Limited Facility Benchmark. 11 of 12 facility measures available from public sources. The report covers the available measures against their peer benchmarks; measures the public record does not carry become findings. Coverage is disclosed here before you reserve, and thin data is never a decline reason. The refund guarantee stands: if we cannot deliver the published scope, you pay nothing.
The Board Briefing
Your facility and its world, board-ready. Measures the public record does not carry become findings, never a decline reason.
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Astrelis Atlas, "Elara Caring", https://astrelis.co/providers/hospice/231644, release 2321a4fc37a7 (2026-10-22). Figures as filed in the named public sources; not audited by Astrelis.
Machine-readable twin of this page: astrelis.co/providers/hospice/231644.md (Markdown, the same figures with their fiscal years, pools and definitions). Last modified: release 2321a4fc37a7, 2026-10-22. Figures are as filed in the named public sources. Astrelis is not a CPA firm and performs no audit, review or attestation of any facility.
