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▸ Cost Report · CCN 231323 · FY 2024
SPECTRUM HEALTH REED CITY
REED CITY, MI 49677- · Fiscal year ending 2024-12-31
$92.7M
TOTAL REVENUES
$22.0M
NET INCOME
23.7%
OPERATING MARGIN
191
DISCHARGES
01 — FINANCIAL
Financial summary
- Total revenues
- $92.7M
- Total costs
- $71.7M
- Net income
- $22.0M
- Operating margin
- 23.7%
- Total charges
- $179.2M
- Medicare charges
- —
- Medicaid charges
- —
- Charity care charges
- $1.3M
- Uncompensated care
- $1.7M
- Bad debt
- $6K
- Total assets
- $23.3M
- Total liabilities
- $8.5M
- Fund balance
- $14.7M
02 — UTILIZATION
Utilization
- Total beds
- 22
- Bed days available
- 8,030
- Total inpatient days
- 436
- Medicare inpatient days
- 162
- Medicaid inpatient days
- 10
- Total outpatient visits
- —
- Total discharges
- 191
- Total FTEs
- —
- Inpatient residents
- —
- Outpatient residents
- —
03 — HISTORY
Latest filing
| Fiscal year | Discharges | Revenue | Net income | Margin |
|---|---|---|---|---|
| 2024-12-31 | 191 | $92.7M | $22.0M | 23.7% |
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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 Critical Access Hospitals
37 hospitals filing FY2024
- Median operating margin
- 7.6%
- 25th percentile margin
- 4.0%
- 75th percentile margin
- 13.9%
- Median discharges
- 324
- Median net income
- $4.3M
- Median bed count
- 25