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▸ Cost Report · CCN 231338 · FY 2024
SPECTRUM HEALTH GERBER
FREMONT, MI 49412 · Fiscal year ending 2024-12-31
$138.5M
TOTAL REVENUES
$25.6M
NET INCOME
18.5%
OPERATING MARGIN
2,245
DISCHARGES
01 — FINANCIAL
Financial summary
- Total revenues
- $138.5M
- Total costs
- $115.3M
- Net income
- $25.6M
- Operating margin
- 18.5%
- Total charges
- $227.2M
- Medicare charges
- —
- Medicaid charges
- —
- Charity care charges
- $3.1M
- Uncompensated care
- $3.4M
- Bad debt
- $1.6M
- Total assets
- $46.8M
- Total liabilities
- $10.7M
- Fund balance
- $36.1M
02 — UTILIZATION
Utilization
- Total beds
- 25
- Bed days available
- 9,125
- Total inpatient days
- 5,361
- Medicare inpatient days
- 858
- Medicaid inpatient days
- 117
- Total outpatient visits
- —
- Total discharges
- 2,245
- Total FTEs
- —
- Inpatient residents
- —
- Outpatient residents
- —
03 — HISTORY
Latest filing
| Fiscal year | Discharges | Revenue | Net income | Margin |
|---|---|---|---|---|
| 2024-12-31 | 2,245 | $138.5M | $25.6M | 18.5% |
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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