| COREWELL HEALTH GRAND RAPIDS HOSPITALS BUTTERWORTH | Hospital POS Number | 230038 |
| 100 MICHIGAN NE | Hospital Control | Nonprofit - Other |
| GRAND RAPIDS , MI 49503 | Hospital Type | General Short Term |
| KENT | Medicare Utilization | Full Util |
| Hospital Location is Urban | ||
| Total Cost Report Beds 883 | ||
| Cost Report 774002 12/31/2023 for 365 Days | Cost Report Status is Submitted | Total POS Beds 0 |
| Financial KPI's | Operating KPI's | ||||
| Current Ratio | 1.2 | Patient Occupancy Percent | 77.4% | ||
| Days to Collect in AR | 199.3 Days | Avg Length of Stay (LOS) | 5.7 Days | ||
| Avg AP Payment Days | 21.6 Days | Medicare LOS | 5.7 Days | ||
| Days of Cash in Bank | 0.4 Days | Employee Avg Hourly Wages | $35.67 | ||
| Balance Sheet | Income Statement | ||||
| Current Assets | $559,741,277 | Total Charges | $6,489,706,125 | ||
| Fixed Assets | $1,378,847,332 | Contract Allowance | $3,738,675,356; | 57.6% | |
| Other Assets | $280,760,736 | Operating Revenue | $2,751,030,769 | 42.4% | |
| Total Assets | $2,219,349,345 | Operating Expenses | $2,705,601,127 | 98.3% | |
| Current Liabilities | $452,815,536 | Operating Margin | $45,429,642 | 1.7% | |
| Long Term Liabilities | $444,030,126 | Other Income | $73,013,675 | 2.7% | |
| Total Equity | $1,322,503,683 | Other Expense | $0 | 0.0% | |
| Total Liabilities and Equity | $2,219,349,345 | Net Profit or Loss | $118,443,317 | 4.3% | |
| Line | Account | Cost | Charges | Ratio |
| 30 | Adults and Pediatrics - General Routine Care | $280,122,544 | $689,771,945 | 0.4061 |
| 31 | Intensive Care Unit | $134,667,220 | $395,105,057 | 0.3408 |
| 32 | Coronary Care Unit | $0 | $0 | |
| 43 | Nursery | $25,585,119 | $157,946,157 | 0.1620 |
| 44 | Skilled Nursing Care | $25,293,745 | $22,832,394 | 1.1078 |
| 50 | Operating Room | $166,536,381 | $847,177,592 | 0.1966 |
| 51 | Recovery Room | $34,469,526 | $61,315,837 | 0.5622 |
| 52 | Labor and Delivery Room | $37,291,740 | $75,219,287 | 0.4958 |
| Lines | Description | Amount | Lines | Description | Amount |
| 01 | Capital Related - Building and Fixtures | $67,059,312 | 13 | Nursing Administration | $39,115,864 |
| 02,03 | Captial Related - Movable Equipment | $86,828,922 | 14 | Central Services and Supply | $11,704,703 |
| 04 | Employee Benefits | $228,999,349 | 15 | Pharmacy | $30,056,584 |
| 05 | Administrative and General | $351,084,235 | 16 | Medical Records and Medical Library | $5,639,391 |
| 06 | Maintenance and Repairs | $0 | 17 | Social Services | $4,948,055 |
| 07 | Operation of Plant | $10,757,947 | 18 | Other General Service Expense | $0 |
| 08,09 | Laundry, Linen and Housekeeping | $26,377,580 | 19 | Non Physician Anesthetist | $0 |
| 10,11 | Dietary and Cafeteria | $10,470,996 | 20,21,22,23 | Education Programs | $35,124,208 |
| Total General Service Cost Centers | $908,167,146 |