A hospice in Neptune, NJ. It ran an operating surplus of 6.3% in FY24 on $23.8M of operating revenue. Operating margin declined from 19.6% in FY20 to 6.3% in FY24. It carries an average daily census of 184.
Average daily census
184
Reported value2024
Source: CMS Hospice
Hospice Care Index
9
Reported value2024
Source: CMS Hospice Quality
Operating margin · FY24
+6.3%
Astrelis calculation · as-filed inputs
▼ 1.7 pts vs FY23
vs hospices65th 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
73,556 days
Reported value2024
Source: HCRIS CMS-1984
Where HACKENSACK MERIDIAN HOSPICE 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 hospiceHACKENSACK MERIDIANhospice 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
+6.3% (FY24)
Operating income ÷ total operating revenue
Astrelis calculation · HCRIS WS G-3
Total margin
+7.3% (FY24)
Net income ÷ total revenue incl. nonoperating
Astrelis calculation · HCRIS WS G-3
Days cash on hand
Not reported in source
Cash & investments ÷ daily operating expense
Astrelis calculation · HCRIS WS G / G-3
Current ratio
Not reported in source
Total current assets ÷ current liabilities
Astrelis calculation · HCRIS WS G
Equity financing ratio
Not reported in source
Total net assets ÷ total assets
Astrelis calculation · HCRIS WS G
Days in net patient A/R
40d (FY24)
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
18,415
22,698
23,814
Total operating revenue
18,415
22,698
23,814
Total operating expenses
17,246
20,882
22,306
Operating income
1,170
1,816
1,508
Operating margin %
+6.3%
+8.0%
+6.3%
Other non-operating, net
0
387
250
Net income
1,170
2,203
1,758
Net income %
+6.3%
+9.5%
+7.3%
— = 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
Balance sheet: Not reported in source — the public cost report does not carry substantive balance-sheet detail (assets, liabilities, and net assets that reconcile) for this hospice. The income statement and ratio exhibit above are the reliable financial view here. We lead with those rather than render a hollow table.
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
184
Reported value2024
CMS Hospice
Routine home care mix
89.9%
Reported value2024
HCRIS CMS-1984
General inpatient mix
9.8%
Reported value2024
HCRIS CMS-1984
Respite mix
0.3%
Reported value2024
HCRIS CMS-1984
Total days of care
73,556 days
Reported value2024
HCRIS CMS-1984
CAHPS family caregiver rating (1–5 stars)
3
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
Monmouth County, NJ · metro, 1M+ population
Median household income
$122.7K
vs $82.1K US · $59.7K rural median
Poverty rate
6.4%
vs 12.5% US · 14.3% rural median
Uninsured
5.2%
vs 8.6% US · 8.4% rural median
Age 65+
18.6%
vs 16.8% US · 20.6% rural median
Fair or poor health
13.0%
self-reported, adults · CDC PLACES
Primary-care shortage
Designated
HRSA HPSA
Economic context: 5.4% of county personal income is Medicare/Medicaid medical benefits; 12.6% 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: 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.
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