State Profile for Michigan - 2024



State Controls Information

Cost Report Counts Population
Total Hospital Count 161 Total Population on July 31, 2024 10,140,459
Total Cost Reports Filed in 2024 165 Total Births 99,589
Total Cost Reports Submitted 141 Total Deaths 102,444
Total Cost Reports Settled 11 Net Population Natural Change -2,855
Total Cost Reports Reopened 0 Total International Migration 67,608
Total Cost Reports Ammended 13 Total Domestic Migration -7,656
Total Cost Reports Audited 0 Total Residual 6
Net Population Change 57,103

State Financial Statements - Worksheet G

Balance Sheet Income Statement
Current Assets 23,141,962,629 Total Charges 141,479,416,160
Fixed Assets 17,824,572,027 Contract Allowance 97,384,840,581
Other Assets 15,724,328,220 Operating Revenue 44,094,575,579
Total Assets 56,690,862,876 Operating Expenses 44,773,236,453
Current Liabilities 10,294,245,326 Operating Margin -678,660,874
Long Term Liabilities 14,531,424,603 Other Income 3,512,317,514
Total Equity 31,865,190,036 Other Expense 10,274,808
Total Liabilities and Equity 56,690,859,965 Net Profit or Loss 2,823,381,832

State Calculations

Per Discharge Statistics Per Bed Statistics Per Person Statistics
Revenue per Discharge $42,433 Revenue per Bed $2,315,648 Revenue per Person $4,348
Net Margin per Discharge ($653) Net Margin per Bed ($35,640) Net Margin per Person ($67)
Net Profit per Discharge $2,717 Net Profit per Bed $148,271 Net Profit per Person $278
Net Fixed Assets per Discharge $17,153 Net Fixed Assets per Bed $936,066 Net Fixed Assets per Bed $1,758
Long Term Debt per Discharge $13,984 Long Term Debt per Bed $763,125 Long Term Debt per Person $1,433
Persons per Discharge 0 Persons per Bed 532
Occupancy Rate 67.9 %
Length of Stay 5 Days

State Ranking of Selected Values

Income Statement Balance Sheet Statistics
Total Charges 11 Net Fixed Assets 11 Population Estimate 10
Total Revenue 9 Long Term Liabilities 10 Total Patient Discharges 10
Net Margin 35 Total Patient Beds 10
Net Profit or Loss 12

State Charges and Direct Cost - Worksheet B and C

Line Description Direct Cost Charges Ratio
30 Adults and Pediatrics - General Routine Care 5,561,811,525 12,850,357,123 0.4328
31 Intensive Care Unit 1,331,989,040 3,925,391,497 0.3393
32 Coronary Care Unit 140,490,159 441,464,962 0.3182
43 Nursery 180,160,671 548,297,092 0.3286
44 Skilled Nursing Care 152,354,831 131,451,661 1.1590
50 Operating Room 2,941,933,416 16,735,900,229 0.1758
51 Recovery Room 333,109,444 1,485,200,871 0.2243
52 Labor and Delivery Room 506,422,397 1,146,606,532 0.4417

State General Service Cost - Worksheet A

Lines Description Amount Lines Description Amount
01 Capital Related - Building and Fixtures 768,287,367 13 Nursing Administration 498,824,988
02,03 Captial Related - Movable Equipment 781,271,240 14 Central Services and Supply 138,504,588
04 Employee Benefits 2,431,696,763 15 Pharmacy 723,688,835
05 Administrative and General 6,372,434,372 16 Medical Records and Medical Library 155,303,606
06 Maintenance and Repairs 526,556,508 17 Social Services 170,939,795
07 Operation of Plant 637,103,739 18 Other General Service Expense 31,180,162
08,09 Laundry, Linen and Housekeeping 508,516,104 19 Non Physician Anesthetist 1,228,885
10,11 Dietary and Cafeteria 339,712,484 20,21,22,23 Education Programs 1,087,973,832
Total General Service Cost Centers 15,173,223,268

State Profile for Michigan - 2024