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▸ Cost Report · CCN 233300 · FY 2024
CHILDRENS HOSPITAL OF MICHIGAN
DETROIT, MI 48201 · Fiscal year ending 2024-12-31
Childrens4228 beds
$609.3M
TOTAL REVENUES
$183.3M
NET INCOME
30.1%
OPERATING MARGIN
8,941
DISCHARGES
01 — FINANCIAL
Financial summary
- Total revenues
- $609.3M
- Total costs
- $441.9M
- Net income
- $183.3M
- Operating margin
- 30.1%
- Total charges
- $1.24B
- Medicare charges
- —
- Medicaid charges
- —
- Charity care charges
- —
- Uncompensated care
- —
- Bad debt
- $3.0M
- Total assets
- $455.8M
- Total liabilities
- $65.5M
- Fund balance
- $390.3M
02 — UTILIZATION
Utilization
- Total beds
- 228
- Bed days available
- 83,357
- Total inpatient days
- 51,528
- Medicare inpatient days
- 238
- Medicaid inpatient days
- 5,429
- Total outpatient visits
- —
- Total discharges
- 8,941
- Total FTEs
- —
- Inpatient residents
- —
- Outpatient residents
- —
03 — HISTORY
Latest filing
| Fiscal year | Discharges | Revenue | Net income | Margin |
|---|---|---|---|---|
| 2024-12-31 | 8,941 | $609.3M | $183.3M | 30.1% |
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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 Childrens
1 hospitals filing FY2024
- Median operating margin
- 30.1%
- 25th percentile margin
- 30.1%
- 75th percentile margin
- 30.1%
- Median discharges
- 8,941
- Median net income
- $183.3M
- Median bed count
- 228