▸ Cost Report · CCN 230038 · FY 2024
SPECTRUM HEALTH HOSPITALS
GRAND RAPIDS, MI 49503-2560 · Fiscal year ending 2024-12-31
$3.16B
TOTAL REVENUES
$525.4M
NET INCOME
16.6%
OPERATING MARGIN
58,597
DISCHARGES
01 — FINANCIAL
Financial summary
- Total revenues
- $3.16B
- Total costs
- $2.70B
- Net income
- $525.4M
- Operating margin
- 16.6%
- Total charges
- $5.13B
- Medicare charges
- $500.0M
- Medicaid charges
- —
- Charity care charges
- $50.4M
- Uncompensated care
- $38.2M
- Bad debt
- $3.6M
- Total assets
- $2.33B
- Total liabilities
- $244.4M
- Fund balance
- $2.09B
02 — UTILIZATION
Utilization
- Total beds
- 1,117
- Bed days available
- 408,627
- Total inpatient days
- 327,411
- Medicare inpatient days
- 40,005
- Medicaid inpatient days
- 19,168
- Total outpatient visits
- —
- Total discharges
- 58,597
- Total FTEs
- —
- Inpatient residents
- —
- Outpatient residents
- —
03 — HISTORY
Latest filing
| Fiscal year | Discharges | Revenue | Net income | Margin |
|---|---|---|---|---|
| 2024-12-31 | 58,597 | $3.16B | $525.4M | 16.6% |
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03b — TREND CHART
Revenue, costs, and net income by fiscal year
Multi-year P&L chart — visualize revenue, costs, and net income side-by-side across every filing.See Solo · $499/yr →
04 — PEER BENCHMARK
Peer cohort — MI Acute Care Hospitals
90 hospitals filing FY2024
- Median operating margin
- 5.0%
- 25th percentile margin
- -0.5%
- 75th percentile margin
- 13.9%
- Median discharges
- 6,760
- Median net income
- $10.4M
- Median bed count
- 146
05 — QUALITY (CMS CARE COMPARE)
CMS Care Compare quality measures
Sourced from data.cms.gov · refreshed monthly. CMS publishes these — we surface them.
Overall rating
4 / 5
- Emergency services
- Yes
- Mortality vs national avg
- Above the national average
- Safety vs national avg
- Above the national average
- Readmissions vs national avg
- Above the national average
- Patient experience vs national avg
- —
- Timely & effective vs national avg
- —
07a — MS-DRG MIX
Top inpatient DRGs by volume
Per CMS Medicare Inpatient Hospitals dataset (PY2022)
| DRG | Description | Discharges | Avg payment |
|---|---|---|---|
| 871 | SEPTICEMIA OR SEVERE SEPSIS WITHOUT MV >96 HOURS WITH MCC | 559 | $18K |
| 871 | SEPTICEMIA OR SEVERE SEPSIS WITHOUT MV >96 HOURS WITH MCC | 527 | $18K |
| 291 | HEART FAILURE AND SHOCK WITH MCC | 318 | $12K |
| 291 | HEART FAILURE AND SHOCK WITH MCC | 275 | $12K |
| 189 | PULMONARY EDEMA AND RESPIRATORY FAILURE | 187 | $13K |
| 189 | PULMONARY EDEMA AND RESPIRATORY FAILURE | 176 | $12K |
| 286 | CIRCULATORY DISORDERS EXCEPT AMI, WITH CARDIAC CATHETERIZATI… | 136 | $22K |
| 872 | SEPTICEMIA OR SEVERE SEPSIS WITHOUT MV >96 HOURS WITHOUT MCC | 121 | $10K |
| 286 | CIRCULATORY DISORDERS EXCEPT AMI, WITH CARDIAC CATHETERIZATI… | 119 | $21K |
| 872 | SEPTICEMIA OR SEVERE SEPSIS WITHOUT MV >96 HOURS WITHOUT MCC | 119 | $10K |
07 — MARKET (HSAF)
Top patient-origin ZIPs
Catchment based on CMS Hospital Service Area File (PY2018)
| ZIP | Cases | Bed days |
|---|---|---|
| 49546 | 1,041 | 4780 |
| 49546 | 1,031 | 4651 |
| 49504 | 948 | 4773 |
| 49508 | 898 | 4474 |
| 49505 | 894 | 4420 |
| 49505 | 870 | 4495 |
| 49504 | 860 | 4210 |
| 49508 | 856 | 4639 |
| 49546 | 850 | 4274 |
| 49546 | 850 | 4258 |
06 — COMMUNITY BENEFIT (IRS 990 SCHEDULE H)
Schedule H community benefit · SPECTRUM HEALTH HOSPITALS
FY2024 · matched by name + state · sourced via ProPublica Nonprofit Explorer
- Total revenue (990)
- —
- Total expenses (990)
- —
- Charity care cost
- —
- Unreimbursed Medicaid
- —
- Community health improvement spend
- —
CROSS-REFERENCE
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