▸ Cost Report · CCN 231334 · FY 2020
HERRICK MEDICAL CENTER
TECUMSEH, MI 49286- · Fiscal year ending 2020-09-24
$16.0M
TOTAL REVENUES
−$46.2M
NET INCOME
-288.6%
OPERATING MARGIN
19
DISCHARGES
01 — FINANCIAL
Financial summary
- Total revenues
- $16.0M
- Total costs
- $17.8M
- Net income
- −$46.2M
- Operating margin
- -288.6%
- Total charges
- $47.6M
- Medicare charges
- —
- Medicaid charges
- —
- Charity care charges
- $706K
- Uncompensated care
- $2.3M
- Bad debt
- $522K
- Total assets
- $5.9M
- Total liabilities
- $17.1M
- Fund balance
- −$11.2M
02 — UTILIZATION
Utilization
- Total beds
- 25
- Bed days available
- 6,700
- Total inpatient days
- 53
- Medicare inpatient days
- 28
- Medicaid inpatient days
- 53
- Total outpatient visits
- —
- Total discharges
- 19
- Total FTEs
- 58
- Inpatient residents
- —
- Outpatient residents
- —
03 — HISTORY
Latest filing
| Fiscal year | Discharges | Revenue | Net income | Margin |
|---|---|---|---|---|
| 2020-09-24 | 19 | $16.0M | −$46.2M | -288.6% |
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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 →
DISTRESS RADAR
Risk signals detected
Auto-flagged from 3-year trend on margin, volume, and bad debt
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04 — PEER BENCHMARK
Peer cohort — MI
162 hospitals filing FY2020
- Median operating margin
- 5.7%
- 25th percentile margin
- 0.6%
- 75th percentile margin
- 10.5%
- Median discharges
- 1,739
- Median net income
- $3.8M
- Median bed count
- 55
07 — MARKET (HSAF)
Top patient-origin ZIPs
Catchment based on CMS Hospital Service Area File (PY2018)
| ZIP | Cases | Bed days |
|---|---|---|
| 49286 | 31 | 85 |
| 49286 | 24 | 56 |
| 48162 | — | — |
| 49228 | — | — |
| 49229 | — | — |
| 49230 | — | — |
| 49253 | — | — |
| 49236 | — | — |
| 49265 | — | — |
| 49221 | — | — |
CROSS-REFERENCE
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