A hospice in Minneapolis, MN. It ran an operating surplus of 7.8% in FY23 on $2.6M of operating revenue. Operating margin improved from -20.3% in FY20 to 7.8% in FY23. It carries an average daily census of 16.
Average daily census
16
Verified fact2023
Source: CMS Hospice
Hospice Care Index
9
Verified fact2023
Source: CMS Hospice Quality
Operating margin · FY23
+7.8%
▲ 5.5 pts vs FY22
vs hospices66th pctl of 3,338 (FY23)
Total days of care
13840.0d
Verified fact2023
Source: HCRIS CMS-1984
Benchmarked within its own FY23 pool (n=3,338); the hospice cohort's current year is FY24.
Where INTREPID USA HOSPICE sits among hospices
Operating margin · FY23 pool · n = 3,338 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 -0.8%. Descriptive context only, not a ranking.
Benchmarked within its own FY23 pool (n=3,338); the hospice cohort's current year is FY24.
One hospiceINTREPID USAhospice 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
+7.8% (FY23)
Operating income ÷ total operating revenue
HCRIS WS G-3
Total margin
+11.9% (FY23)
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
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
FY21
FY22
FY23
Patient revenue
2,268
2,387
2,602
Total operating revenue
2,268
2,387
2,602
Total operating expenses
2,253
2,332
2,399
Operating income
15
55
204
Operating margin %
+0.7%
+2.3%
+7.8%
Other non-operating, net
181
117
121
Net income
196
172
325
Net income %
+8.0%
+6.9%
+11.9%
HCRIS CMS-1984 cost report · $ thousands · FY20–FY23 · 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 fact2023
CMS Hospice Quality
Average daily census
16
Verified fact2023
CMS Hospice
Routine home care mix
100.0%
Verified fact2023
HCRIS CMS-1984
Continuous home care mix
0.0%
Verified fact2023
HCRIS CMS-1984
Respite mix
0.0%
Verified fact2023
HCRIS CMS-1984
Total days of care
13840.0d
Verified fact2023
HCRIS CMS-1984
General inpatient mix
0.0%
Verified fact2023
HCRIS CMS-1984
Trajectory
Cost-report basis · 4 reporting years
Operating margin
Days cash on hand
The county this hospice serves
Hennepin County, MN · metro, 1M+ population
Median household income
$96.3K
vs $82.1K US · $59.7K rural median
Poverty rate
10.0%
vs 12.5% US · 14.3% rural median
Uninsured
4.5%
vs 8.6% US · 8.4% rural median
Age 65+
15.1%
vs 16.8% US · 20.6% rural median
Fair or poor health
14.4%
self-reported, adults · CDC PLACES
Primary-care shortage
Designated
HRSA HPSA
Economic context: 6.1% of county personal income is Medicare/Medicaid medical benefits; 12.5% arrives as government transfers (BEA, 2022).
The Board Briefing$1,000
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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.
