HCRIS
Cost Report · CCN 233027 · FY 2024

REHABILITATION INSTITUTE OF MICHIGAN

DETROIT, MI 48201 · Fiscal year ending 2024-10-31

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$74.4M
TOTAL REVENUES
$4.9M
NET INCOME
6.5%
OPERATING MARGIN
766
DISCHARGES
01 — FINANCIAL

Financial summary

Total revenues
$74.4M
Total costs
$71.8M
Net income
$4.9M
Operating margin
6.5%
Total charges
$188.9M
Medicare charges
Medicaid charges
Charity care charges
Uncompensated care
Bad debt
$506K
Total assets
$39.4M
Total liabilities
$9.0M
Fund balance
$30.3M
02 — UTILIZATION

Utilization

Total beds
67
Bed days available
24,522
Total inpatient days
15,995
Medicare inpatient days
2,139
Medicaid inpatient days
1,721
Total outpatient visits
Total discharges
766
Total FTEs
Inpatient residents
Outpatient residents
03 — HISTORY

Latest filing

Fiscal yearDischargesRevenueNet incomeMargin
2024-10-31766$74.4M$4.9M6.5%
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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

161 hospitals filing FY2024

Median operating margin
7.0%
25th percentile margin
-0.1%
75th percentile margin
15.8%
Median discharges
1,838
Median net income
$5.7M
Median bed count
59
07 — MARKET (HSAF)

Top patient-origin ZIPs

Catchment based on CMS Hospital Service Area File (PY2019)

ZIPCasesBed days
4820736450
4821431449
4820330462
4821428378
4823427366
4820725337
4823425397
4820725371
4820724383
4820124286
CROSS-REFERENCE

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