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▸ Cost Report · CCN 232029 · FY 2025
SSH - SPECTRUM HEALTH
GRAND RAPIDS, MI 49506 · Fiscal year ending 2025-06-30
$26.4M
TOTAL REVENUES
$2.1M
NET INCOME
7.9%
OPERATING MARGIN
391
DISCHARGES
01 — FINANCIAL
Financial summary
- Total revenues
- $26.4M
- Total costs
- $24.6M
- Net income
- $2.1M
- Operating margin
- 7.9%
- Total charges
- $123.7M
- Medicare charges
- —
- Medicaid charges
- —
- Charity care charges
- —
- Uncompensated care
- —
- Bad debt
- —
- Total assets
- $15.3M
- Total liabilities
- $4.6M
- Fund balance
- $10.7M
02 — UTILIZATION
Utilization
- Total beds
- 36
- Bed days available
- 13,140
- Total inpatient days
- 11,258
- Medicare inpatient days
- 2,511
- Medicaid inpatient days
- 802
- Total outpatient visits
- —
- Total discharges
- 391
- Total FTEs
- —
- Inpatient residents
- —
- Outpatient residents
- —
03 — HISTORY
Latest filing
| Fiscal year | Discharges | Revenue | Net income | Margin |
|---|---|---|---|---|
| 2025-06-30 | 391 | $26.4M | $2.1M | 7.9% |
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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
105 hospitals filing FY2025
- Median operating margin
- 7.2%
- 25th percentile margin
- 1.0%
- 75th percentile margin
- 15.3%
- Median discharges
- 2,013
- Median net income
- $6.0M
- Median bed count
- 49