A hospice in Fremont, OH. It ran an operating loss of 12.9% in FY24 on $10.9M of operating revenue. Operating margin declined from 27.6% in FY20 to -12.9% in FY24. Including nonoperating items, the all-in result was positive at 17.5%. It carries an average daily census of 174.
Average daily census
174
Verified fact2024
Source: CMS Hospice
Hospice Care Index
10
Verified fact2024
Source: CMS Hospice Quality
Operating margin · FY24
-12.9%
vs hospices31st pctl of 3,488 (FY24)
Total days of care
66370.0d
Verified fact2024
Source: HCRIS CMS-1984
Where Heartland Hospice 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 hospiceHeartland 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
-12.9% (FY24)
Operating income ÷ total operating revenue
HCRIS WS G-3
Total margin
+17.5% (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
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
FY22
FY23
FY24
Patient revenue
10,080
13,047
10,922
Total operating revenue
10,080
13,047
10,922
Total operating expenses
8,136
10,404
12,333
Operating income
1,944
2,644
(1,412)
Operating margin %
+19.3%
+20.3%
-12.9%
Other non-operating, net
375
16
4,029
Net income
2,319
2,660
2,617
Net income %
+22.2%
+20.4%
+17.5%
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.
Economic context: 12.8% of county personal income is Medicare/Medicaid medical benefits; 26.9% arrives as government transfers (BEA, 2022).
Opportunity screen · FY24
≈ $1.9M
of annual opportunity identified against peer medians across 1 measure
Directional, conservative band. Arithmetic against matched-peer medians from public filings, not a projection; public data cannot fully control for patient acuity.
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