A hospice in Fresno, CA. It ran an operating loss of 19.5% in FY24 on $3.5M of operating revenue. Operating margin declined from 2.8% in FY20 to -19.5% in FY24, though it rose 19.3 points in the most recent year. It carries an average daily census of 41.
Average daily census
41
Verified fact2024
Source: CMS Hospice
Hospice Care Index
9
Verified fact2024
Source: CMS Hospice Quality
Operating margin · FY24
-19.5%
▲ 19.3 pts vs FY23
vs hospices24th pctl of 3,488 (FY24)
Total days of care
17130.0d
Verified fact2024
Source: HCRIS CMS-1984
Where ASERACARE 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 hospiceASERACARE 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
-19.5% (FY24)
Operating income ÷ total operating revenue
HCRIS WS G-3
Total margin
-1.9% (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
1.23× (FY24)
Total current assets ÷ current liabilities
HCRIS WS G
Equity financing ratio
45% (FY24)
Total net assets ÷ total assets
HCRIS WS G
Days in net patient A/R
Not shown, outside plausibility bounds
Net patient receivables ÷ (net patient revenue ÷ 365), same fiscal year
HCRIS WS G / G-3
$ in thousands
Line item
FY22
FY23
FY24
Patient revenue
5,389
3,532
3,523
Total operating revenue
5,389
3,532
3,523
Total operating expenses
6,254
4,901
4,210
Operating income
(865)
(1,370)
(687)
Operating margin %
-16.1%
-38.8%
-19.5%
Other non-operating, net
915
678
607
Net income
50
(692)
(80)
Net income %
+0.8%
-16.4%
-1.9%
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
9
Verified fact2024
CMS Hospice Quality
Average daily census
41
Verified fact2024
CMS Hospice
Routine home care mix
100.0%
Verified fact2024
HCRIS CMS-1984
Continuous home care mix
0.0%
Verified fact2024
HCRIS CMS-1984
Respite mix
0.0%
Verified fact2024
HCRIS CMS-1984
Total days of care
17130.0d
Verified fact2024
HCRIS CMS-1984
General inpatient 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
Fresno County, CA · metro, 1M+ population
Median household income
$71.4K
vs $82.1K US · $59.7K rural median
Poverty rate
18.7%
vs 12.5% US · 14.3% rural median
Uninsured
7.0%
vs 8.6% US · 8.4% rural median
Age 65+
12.7%
vs 16.8% US · 20.6% rural median
Fair or poor health
27.6%
self-reported, adults · CDC PLACES
Primary-care shortage
Designated
HRSA HPSA
Economic context: 13.2% of county personal income is Medicare/Medicaid medical benefits; 26.3% arrives as government transfers (BEA, 2022).
Opportunity screen · FY24
≈ $1.1M
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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