A hospice in Wichita Falls, TX. It ran an operating loss of 2128.2% in FY23 on $1.3M of operating revenue. It held 12 days of cash on hand (32nd percentile of 2,916 hospices on liquidity, FY23 pool). Operating margin improved from -2888.3% in FY22 to -2128.2% in FY23. Including nonoperating items, the all-in result was positive at 1.6%. It carries an average daily census of 38.
Average daily census
38
Reported value2023
Source: CMS Hospice
Hospice Care Index
10
Reported value2023
Source: CMS Hospice Quality
Operating margin · FY23
-2128.2%
Astrelis calculation · as-filed inputs
vs hospices2nd pctl of 3,634 (FY23 pool)
pool: this metric's own fiscal year · excludes historical, non-panel, and out-of-range values
Total days of care
7,612 days
Reported value2023
Source: HCRIS CMS-1984
Where HEALING HANDS HEALTHCARE sits among hospices
Operating margin · FY23 pool · n = 3,634 of 3,933 filed
Each point is one hospice in the national FY23 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 FY23 median is -3.1%. Descriptive context only, not a ranking.
One hospiceHEALING HANDShospice 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
-2128.2% (FY23)
Operating income ÷ total operating revenue
Astrelis calculation · HCRIS WS G-3
Total margin
+1.6% (FY23)
Net income ÷ total revenue incl. nonoperating
Astrelis calculation · HCRIS WS G-3
Days cash on hand
12d (FY23)
Cash & investments ÷ daily operating expense
Astrelis calculation · HCRIS WS G / G-3
Current ratio
4.82× (FY23)
Total current assets ÷ current liabilities
Astrelis calculation · HCRIS WS G
Equity financing ratio
19% (FY23)
Total net assets ÷ total assets
Astrelis calculation · HCRIS WS G
Days in net patient A/R
818d (FY23) — outside expected range; shown at the chart boundary and included in peer statistics
Net patient receivables ÷ (net patient revenue ÷ 365), same fiscal year
Display states.FY23 · Operating margin: -2128.2% — Astrelis calculation · outside expected range; shown at the chart boundary and included in peer statistics (beyond ±100%)FY22 · Operating margin: -2888.3% — Astrelis calculation · outside expected range; shown at the chart boundary and included in peer statistics (beyond ±100%)
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
10
Reported value2023
CMS Hospice Quality
Average daily census
38
Reported value2023
CMS Hospice
Routine home care mix
99.6%
Reported value2023
HCRIS CMS-1984
Continuous home care mix
0.1%
Reported value2023
HCRIS CMS-1984
Respite mix
0.3%
Reported value2023
HCRIS CMS-1984
Total days of care
7,612 days
Reported value2023
HCRIS CMS-1984
General inpatient mix
0.0%
Reported value2023
HCRIS CMS-1984
Trajectory
Cost-report basis · 2 reporting years
Operating margin
Days cash on hand
The county this hospice serves
Wichita County, TX · metro, under 250K
Median household income
$62.2K
vs $82.1K US · $59.7K rural median
Poverty rate
15.9%
vs 12.5% US · 14.3% rural median
Uninsured
15.2%
vs 8.6% US · 8.4% rural median
Age 65+
15.1%
vs 16.8% US · 20.6% rural median
Fair or poor health
22.0%
self-reported, adults · CDC PLACES
Primary-care shortage
Designated
HRSA HPSA
Economic context: 13.0% of county personal income is Medicare/Medicaid medical benefits; 26.6% arrives as government transfers (BEA, 2022).
Operating margin vs its peer poolFY23Astrelis 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: FY23 pool · n = 3,634.
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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