▸ Cost Report · CCN 230110 · FY 2025
SPECTRUM HEALTH LUDINGTON
LUDINGTON, MI 49431 · Fiscal year ending 2025-06-30
$132.3M
TOTAL REVENUES
$9.8M
NET INCOME
7.4%
OPERATING MARGIN
2,014
DISCHARGES
01 — FINANCIAL
Financial summary
- Total revenues
- $132.3M
- Total costs
- $125.1M
- Net income
- $9.8M
- Operating margin
- 7.4%
- Total charges
- $232.9M
- Medicare charges
- —
- Medicaid charges
- —
- Charity care charges
- $2.0M
- Uncompensated care
- $3.4M
- Bad debt
- $40K
- Total assets
- $88.1M
- Total liabilities
- $9.1M
- Fund balance
- $79.0M
02 — UTILIZATION
Utilization
- Total beds
- 39
- Bed days available
- 14,235
- Total inpatient days
- 7,517
- Medicare inpatient days
- 1,824
- Medicaid inpatient days
- 232
- Total outpatient visits
- —
- Total discharges
- 2,014
- Total FTEs
- —
- Inpatient residents
- —
- Outpatient residents
- —
03 — HISTORY
Latest filing
| Fiscal year | Discharges | Revenue | Net income | Margin |
|---|---|---|---|---|
| 2025-06-30 | 2,014 | $132.3M | $9.8M | 7.4% |
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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
48 hospitals filing FY2025
- Median operating margin
- 4.2%
- 25th percentile margin
- -0.6%
- 75th percentile margin
- 10.5%
- Median discharges
- 5,440
- Median net income
- $7.9M
- 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
- Same as the national average
- Safety vs national avg
- Same as 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 (PY2021)
| DRG | Description | Discharges | Avg payment |
|---|---|---|---|
| 871 | SEPTICEMIA OR SEVERE SEPSIS WITHOUT MV >96 HOURS WITH MCC | 76 | $17K |
| 871 | SEPTICEMIA OR SEVERE SEPSIS WITHOUT MV >96 HOURS WITH MCC | 71 | $18K |
| 291 | HEART FAILURE AND SHOCK WITH MCC | 32 | $12K |
| 291 | HEART FAILURE AND SHOCK WITH MCC | 29 | $11K |
| 189 | PULMONARY EDEMA AND RESPIRATORY FAILURE | 24 | $11K |
| 872 | SEPTICEMIA OR SEVERE SEPSIS WITHOUT MV >96 HOURS WITHOUT MCC | 24 | $9K |
| 872 | SEPTICEMIA OR SEVERE SEPSIS WITHOUT MV >96 HOURS WITHOUT MCC | 21 | $9K |
| 177 | RESPIRATORY INFECTIONS AND INFLAMMATIONS WITH MCC | 20 | $17K |
| 189 | PULMONARY EDEMA AND RESPIRATORY FAILURE | 19 | $12K |
| 641 | MISCELLANEOUS DISORDERS OF NUTRITION, METABOLISM, FLUIDS AND… | 16 | $7K |
07 — MARKET (HSAF)
Top patient-origin ZIPs
Catchment based on CMS Hospital Service Area File (PY2019)
| ZIP | Cases | Bed days |
|---|---|---|
| 49431 | 632 | 2498 |
| 49431 | 602 | 2560 |
| 49431 | 599 | 2598 |
| 49431 | 582 | 2729 |
| 49431 | 570 | 2477 |
| 49431 | 551 | 2386 |
| 49454 | 128 | 581 |
| 49454 | 114 | 469 |
| 49454 | 112 | 451 |
| 49454 | 110 | 412 |
CROSS-REFERENCE
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