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▸ Cost Report · CCN 230053 · FY 2024
HENRY FORD HOSPITAL
DETROIT, MI 48202 · Fiscal year ending 2024-12-31
$2.93B
TOTAL REVENUES
−$68.6M
NET INCOME
-2.3%
OPERATING MARGIN
33,339
DISCHARGES
01 — FINANCIAL
Financial summary
- Total revenues
- $2.93B
- Total costs
- $3.18B
- Net income
- −$68.6M
- Operating margin
- -2.3%
- Total charges
- $4.83B
- Medicare charges
- $456.7M
- Medicaid charges
- —
- Charity care charges
- $86.4M
- Uncompensated care
- $51.1M
- Bad debt
- $158.8M
- Total assets
- $4.41B
- Total liabilities
- $2.52B
- Fund balance
- $1.89B
02 — UTILIZATION
Utilization
- Total beds
- 670
- Bed days available
- 242,578
- Total inpatient days
- 198,273
- Medicare inpatient days
- 30,650
- Medicaid inpatient days
- 12,292
- Total outpatient visits
- —
- Total discharges
- 33,339
- Total FTEs
- —
- Inpatient residents
- —
- Outpatient residents
- —
03 — HISTORY
Latest filing
| Fiscal year | Discharges | Revenue | Net income | Margin |
|---|---|---|---|---|
| 2024-12-31 | 33,339 | $2.93B | −$68.6M | -2.3% |
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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 →
DISTRESS RADAR
Risk signals detected
Auto-flagged from 3-year trend on margin, volume, and bad debt
This hospital tripped 2 distress signals. Upgrade to see which signals fired and the underlying numbers.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