A hospice in Lancaster, PA. It ran an operating loss of 84.8% in FY24 on $31.8M of operating revenue. It held 1 day of cash on hand (8th percentile among hospices on liquidity). Operating margin declined from -15.2% in FY20 to -84.8% in FY24. Including nonoperating items, the all-in result was positive at 2.2%. It carries an average daily census of 404.
Average daily census
404
Verified fact2024
Source: CMS Hospice
Hospice Care Index
10
Verified fact2024
Source: CMS Hospice Quality
Operating margin · FY24
-84.8%
▼ 57.7 pts vs FY23
vs hospices1st pctl of 3,488 (FY24)
Total days of care
166938.0d
Verified fact2024
Source: HCRIS CMS-1984
Where Choices Healthcare 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 hospiceChoices Healthcarehospice 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
-84.8% (FY24)
Operating income ÷ total operating revenue
HCRIS WS G-3
Total margin
+2.2% (FY24)
Net income ÷ total revenue incl. nonoperating
HCRIS WS G-3
Days cash on hand
1d (FY24)
Cash & investments ÷ daily operating expense
HCRIS WS G / G-3
Current ratio
1.36× (FY24)
Total current assets ÷ current liabilities
HCRIS WS G
Equity financing ratio
7% (FY24)
Total net assets ÷ total assets
HCRIS WS G
Days in net patient A/R
59d (FY24)
Net patient receivables ÷ (net patient revenue ÷ 365), same fiscal year
HCRIS WS G / G-3
$ in thousands
Line item
FY22
FY23
FY24
Patient revenue
33,859
31,392
31,834
Total operating revenue
33,859
31,392
31,834
Total operating expenses
40,128
39,911
58,847
Operating income
(6,268)
(8,519)
(27,013)
Operating margin %
-18.5%
-27.1%
-84.9%
Other non-operating, net
4,860
12,079
28,331
Net income
(1,408)
3,560
1,318
Net income %
-3.6%
+8.2%
+2.2%
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
404
Verified fact2024
CMS Hospice
Routine home care mix
97.5%
Verified fact2024
HCRIS CMS-1984
Continuous home care mix
0.0%
Verified fact2024
HCRIS CMS-1984
General inpatient mix
1.9%
Verified fact2024
HCRIS CMS-1984
Respite mix
0.6%
Verified fact2024
HCRIS CMS-1984
Total days of care
166938.0d
Verified fact2024
HCRIS CMS-1984
CAHPS family caregiver rating
3
Verified fact2024
CMS Hospice CAHPS
Trajectory
Cost-report basis · 5 reporting years
Operating margin
Days cash on hand
The county this hospice serves
Location, PA · metro, 250K–1M
Median household income
$83.7K
vs $82.1K US · $59.7K rural median
Poverty rate
8.7%
vs 12.5% US · 14.3% rural median
Uninsured
11.0%
vs 8.6% US · 8.4% rural median
Age 65+
19.2%
vs 16.8% US · 20.6% rural median
Fair or poor health
Not available
self-reported, adults · CDC PLACES
Primary-care shortage
Designated
HRSA HPSA
Economic context: 7.8% of county personal income is Medicare/Medicaid medical benefits; 17.9% arrives as government transfers (BEA, 2022).
Opportunity screen · FY24
≈ $18.7M
of annual opportunity identified against peer medians across 2 measures
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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