Financial anchor year: FY24. Margin and revenue are as filed for FY24. 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 Clinton Township, MI. It ran an operating surplus of 38.4% in FY24 on $4.6M of operating revenue. It held 23,047 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 (98th percentile of 2,377 hospices on liquidity, FY20 pool). Operating margin improved from 25.4% in FY20 to 38.4% in FY24. It carries an average daily census of 66. These figures come from filings spanning FY20–FY24: read each by its own year rather than as one current picture.
Average daily census
66
Reported value2024
Source: CMS Hospice
Hospice Care Index
9
Reported value2024
Source: CMS Hospice Quality
Operating margin · FY24
+38.4%
Astrelis calculation · as-filed inputs
vs hospices96th pctl of 3,782 (FY24 pool)
pool: this metric's own fiscal year · excludes historical, non-panel, and out-of-range values
Total days of care
25,322 days
Reported value2024
Source: HCRIS CMS-1984
Where ELARA CARING sits among hospices
Operating margin · FY24 pool · n = 3,782 of 3,933 filed
Each point is one hospice in the national FY24 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 FY24 median is -2.0%. 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
+38.4% (FY24)
Operating income ÷ total operating revenue
Astrelis calculation · HCRIS WS G-3
Total margin
+38.4% (FY24)
Net income ÷ total revenue incl. nonoperating
Astrelis calculation · HCRIS WS G-3
Days cash on hand
23047d (FY20)
Cash & investments ÷ daily operating expense
Astrelis calculation · HCRIS WS G / G-3
Current ratio
Astrelis calculation unavailable — the filed balance sheet does not reconcile as filed (statement values shown unchanged)
Total current assets ÷ current liabilities
Astrelis calculation · HCRIS WS G
Equity financing ratio
Astrelis calculation unavailable — the filed balance sheet does not reconcile as filed (statement values shown unchanged)
Total net assets ÷ total assets
Astrelis calculation · HCRIS WS G
Days in net patient A/R
Astrelis calculation unavailable — the filed balance sheet does not reconcile as filed (statement values shown unchanged)
Net patient receivables ÷ (net patient revenue ÷ 365), same fiscal year
Astrelis calculation · HCRIS WS G / G-3
$ in thousands
Line item
FY22
FY23
FY24
Patient revenue
2,602
2,489
4,598
Total operating revenue
2,602
2,489
4,598
Total operating expenses
2,854
1,779
2,833
Operating income
(252)
710
1,765
Operating margin %
-9.7%
+28.5%
+38.4%
Other non-operating, net
1,048
178
0
Net income
796
888
1,765
Net income %
+21.8%
+33.3%
+38.4%
— = Not reported in source for that year.
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
Display states.FY20 · Days cash on hand: 23,047 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 value2024
CMS Hospice Quality
Average daily census
66
Reported value2024
CMS Hospice
Routine home care mix
99.9%
Reported value2024
HCRIS CMS-1984
General inpatient mix
0.0%
Reported value2024
HCRIS CMS-1984
Respite mix
0.1%
Reported value2024
HCRIS CMS-1984
Total days of care
25,322 days
Reported value2024
HCRIS CMS-1984
CAHPS family caregiver rating (1–5 stars)
4
Reported value2024
CMS Hospice CAHPS
Continuous home care mix
0.0%
Reported value2024
HCRIS CMS-1984
Trajectory
Cost-report basis · 5 reporting years
Operating margin
Days cash on hand
The county this hospice serves
Macomb County, MI · metro, 1M+ population
Median household income
$76.4K
vs $82.1K US · $59.7K rural median
Poverty rate
9.8%
vs 12.5% US · 14.3% rural median
Uninsured
5.0%
vs 8.6% US · 8.4% rural median
Age 65+
17.8%
vs 16.8% US · 20.6% rural median
Fair or poor health
18.7%
self-reported, adults · CDC PLACES
Primary-care shortage
Designated
HRSA HPSA
Economic context: 8.1% of county personal income is Medicare/Medicaid medical benefits; 20.2% arrives as government transfers (BEA, 2022).
Operating margin vs its peer poolFY24Astrelis calculation
A facility-specific dollar comparison cannot be calculated because a benchmark input was not reported. The report still includes all available facility measures, peer benchmarks, and a source-coverage inventory.
Operating margin vs its peer pool: FY24 pool · n = 3,782.
Report coverage: Standard Facility Benchmark. 12 of 12 facility measures available from public sources. Every declared facility measure is available for this record, benchmarked against its same-year peer pools. The refund guarantee stands: if we cannot deliver the published scope, you pay nothing.
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