▸ Cost Report · Loading…
▸ 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% |
Upgrade to see all 10 filings on file.See Solo · $499/yr →
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