Financial anchor year: FY24. Margin and revenue are as filed for FY24. Balance-sheet measures (current ratio, equity financing, days in A/R) use FY21, the latest filing whose balance sheet reconciled as filed. Every tile below states its own fiscal year; nothing is carried forward or estimated.
The read
A hospice in Hobbs, NM. It ran an operating loss of 4.6% in FY24 on $7.7M of operating revenue. Operating margin improved from -14.2% in FY20 to -4.6% in FY24, though it fell 15.8 points in the most recent year. Including nonoperating items, the all-in result was positive at 19.1%. It carries an average daily census of 112. These figures come from filings spanning FY21–FY24: read each by its own year rather than as one current picture.
Average daily census
112
Verified fact2024
Source: CMS Hospice
Hospice Care Index
10
Verified fact2024
Source: CMS Hospice Quality
Operating margin · FY24
-4.6%
vs hospices42nd pctl of 3,488 (FY24)
Total days of care
46984.0d
Verified fact2024
Source: HCRIS CMS-1984
Where FAMILY HOSPICE LTD 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 hospiceFAMILY HOSPICEhospice 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
-4.6% (FY24)
Operating income ÷ total operating revenue
HCRIS WS G-3
Total margin
+19.1% (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
4.91× (FY21)
Total current assets ÷ current liabilities
HCRIS WS G
Equity financing ratio
-216% (FY21)
Total net assets ÷ total assets
HCRIS WS G
Days in net patient A/R
57d (FY21)
Net patient receivables ÷ (net patient revenue ÷ 365), same fiscal year
HCRIS WS G / G-3
$ in thousands
Line item
FY22
FY23
FY24
Patient revenue
6,702
8,363
7,717
Total operating revenue
6,702
8,363
7,717
Total operating expenses
6,612
7,422
8,070
Operating income
90
941
(353)
Operating margin %
+1.3%
+11.3%
-4.6%
Other non-operating, net
1,877
1,742
2,255
Net income
1,967
2,683
1,902
Net income %
+22.9%
+26.6%
+19.1%
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
10
Verified fact2024
CMS Hospice Quality
Average daily census
112
Verified fact2024
CMS Hospice
Routine home care mix
99.4%
Verified fact2024
HCRIS CMS-1984
General inpatient mix
0.1%
Verified fact2024
HCRIS CMS-1984
Respite mix
0.5%
Verified fact2024
HCRIS CMS-1984
Total days of care
46984.0d
Verified fact2024
HCRIS CMS-1984
CAHPS family caregiver rating
4
Verified fact2024
CMS Hospice CAHPS
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
Lea County, NM · nonmetro, urban 20K+
Median household income
$68.8K
vs $82.1K US · $59.7K rural median
Poverty rate
18.7%
vs 12.5% US · 14.3% rural median
Uninsured
14.3%
vs 8.6% US · 8.4% rural median
Age 65+
11.2%
vs 16.8% US · 20.6% rural median
Fair or poor health
26.1%
self-reported, adults · CDC PLACES
Primary-care shortage
Designated
HRSA HPSA
Economic context: 11.5% of county personal income is Medicare/Medicaid medical benefits; 21.7% arrives as government transfers (BEA, 2022).
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