HOSPICE OF WESTERN MICHIGAN — financial and operating metrics

CCN 231510, ADA, MI · Medicare cost reports, FY2020–FY2025

Unverified figures. Metrics marked unverified are derived from cost-report coordinates that have not yet been reconciled against audited financial statements. We show you which, rather than hiding it.

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MetricFY2020FY2021FY2022FY2023FY2024FY2025
Total patient revenue (gross charges)unverified$12,792,890$12,227,094$8,549,851$7,381,202$7,585,456$5,581,297
Contractual allowances and discountsunverified$6,308,181$5,207,348$2,767,109$2,201,057$1,516,034$154,397
Net patient revenueunverified$6,484,709$7,019,746$5,782,742$5,180,145$6,069,422$5,426,900
Total revenue, all sourcesunverified$11,497,510$10,828,793$7,293,881$100,451,724$167,634,225$162,042,407
Total operating expensesunverified$5,849,601$4,973,153$9,338,777$97,998,236$162,611,950$159,816,411
Net income (loss) for the periodunverified$5,647,909$5,855,640$-2,044,896$2,453,488$5,022,275$2,225,996
Total hospice daysunverified56,57553,48637,33531,37034,75231,145
Operating marginunverified49.1%54.1%-28.0%2.4%3.0%1.4%
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