Financial anchor year: FY24. Margin and revenue are as filed for FY24. 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 40.6% in FY24 on $2.1M of operating revenue. Operating margin improved from 32.3% in FY20 to 40.6% in FY24. It carries an average daily census of 34. These figures come from filings spanning FY20–FY24: read each by its own year rather than as one current picture.
Average daily census
34
Verified fact2024
Source: CMS Hospice
Hospice Care Index
9
Verified fact2024
Source: CMS Hospice Quality
Operating margin · FY24
+40.6%
vs hospices96th pctl of 3,488 (FY24)
Total days of care
12854.0d
Verified fact2024
Source: HCRIS CMS-1984
Where ELARA CARING 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 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 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
+40.6% (FY24)
Operating income ÷ total operating revenue
HCRIS WS G-3
Total margin
+40.6% (FY24)
Net income ÷ total revenue incl. nonoperating
HCRIS WS G-3
Days cash on hand
Not reported in this filing
Cash & investments ÷ daily operating expense
HCRIS WS G / G-3
Current ratio
0.00× (FY22)
Total current assets ÷ current liabilities
HCRIS WS G
Equity financing ratio
-66433% (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
FY22
FY23
FY24
Patient revenue
2,042
1,803
2,090
Total operating revenue
2,042
1,803
2,090
Total operating expenses
2,089
1,236
1,241
Operating income
(46)
567
849
Operating margin %
-2.3%
+31.4%
+40.6%
Other non-operating, net
835
98
0
Net income
789
665
849
Net income %
+27.4%
+35.0%
+40.6%
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
9
Verified fact2024
CMS Hospice Quality
Average daily census
34
Verified fact2024
CMS Hospice
Routine home care mix
100.0%
Verified fact2024
HCRIS CMS-1984
General inpatient mix
0.0%
Verified fact2024
HCRIS CMS-1984
Respite mix
0.1%
Verified fact2024
HCRIS CMS-1984
Total days of care
12854.0d
Verified fact2024
HCRIS CMS-1984
Continuous home care mix
0.0%
Verified fact2024
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 5–20K, metro-adjacent
Median household income
$57.8K
vs $82.1K US · $59.7K rural median
Poverty rate
19.2%
vs 12.5% US · 14.3% rural median
Uninsured
7.8%
vs 8.6% US · 8.4% rural median
Age 65+
20.2%
vs 16.8% US · 20.6% rural median
Fair or poor health
21.6%
self-reported, adults · CDC PLACES
Primary-care shortage
Designated
HRSA HPSA
Economic context: 11.0% of county personal income is Medicare/Medicaid medical benefits; 30.3% arrives as government transfers (BEA, 2022).
The Board Briefing$1,000
The free profile shows the record. The Board Briefing tells you what changed, what matters, and what your board should ask. 35+ pages, built entirely from public sources, no client data required. Delivered within 2 business days. If we cannot deliver the published scope for your facility, you pay nothing.
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.
