| MYMICHIGAN MEDICAL CENTER CLARE | Hospital POS Number | 230180 |
| 703 N. MCEWAN STREET | Hospital Control | Nonprofit - Other |
| CLARE , MI 48617 | Hospital Type | General Short Term |
| Medicare Utilization | Full Util | |
| Hospital Location is Rural | ||
| Total Cost Report Beds 49 | ||
| Cost Report 757348 6/30/2023 for 365 Days | Cost Report Status is Submitted | Total POS Beds 0 |
| Financial KPI's | Operating KPI's | ||||
| Current Ratio | 4.1 | Patient Occupancy Percent | 12.9% | ||
| Days to Collect in AR | 41.0 Days | Avg Length of Stay (LOS) | 3.1 Days | ||
| Avg AP Payment Days | 9.8 Days | Medicare LOS | 3.0 Days | ||
| Days of Cash in Bank | 6.0 Days | Employee Avg Hourly Wages | $37.87 | ||
| Balance Sheet | Income Statement | ||||
| Current Assets | $10,952,835 | Total Charges | $209,043,605 | ||
| Fixed Assets | $12,510,552 | Contract Allowance | $141,342,692; | 67.6% | |
| Other Assets | $42,460,390 | Operating Revenue | $67,700,913 | 32.4% | |
| Total Assets | $65,923,777 | Operating Expenses | $67,467,559 | 99.7% | |
| Current Liabilities | $2,695,697 | Operating Margin | $233,354 | 0.3% | |
| Long Term Liabilities | $8,223,708 | Other Income | $7,026,016 | 10.4% | |
| Total Equity | $55,004,372 | Other Expense | $0 | 0.0% | |
| Total Liabilities and Equity | $65,923,777 | Net Profit or Loss | $7,259,370 | 10.7% | |
| Line | Account | Cost | Charges | Ratio |
| 30 | Adults and Pediatrics - General Routine Care | $5,256,086 | $3,856,805 | 1.3628 |
| 31 | Intensive Care Unit | $0 | $0 | |
| 32 | Coronary Care Unit | $0 | $0 | |
| 43 | Nursery | $0 | $0 | |
| 44 | Skilled Nursing Care | $0 | $0 | |
| 50 | Operating Room | $4,677,035 | $13,198,807 | 0.3544 |
| 51 | Recovery Room | $0 | $0 | |
| 52 | Labor and Delivery Room | $0 | $0 |
| Lines | Description | Amount | Lines | Description | Amount |
| 01 | Capital Related - Building and Fixtures | $871,627 | 13 | Nursing Administration | $1,189,552 |
| 02,03 | Captial Related - Movable Equipment | $149,556 | 14 | Central Services and Supply | $0 |
| 04 | Employee Benefits | $121,564 | 15 | Pharmacy | $101,445 |
| 05 | Administrative and General | $9,020,360 | 16 | Medical Records and Medical Library | $358,841 |
| 06 | Maintenance and Repairs | $0 | 17 | Social Services | $0 |
| 07 | Operation of Plant | $2,085,626 | 18 | Other General Service Expense | $0 |
| 08,09 | Laundry, Linen and Housekeeping | $1,381,456 | 19 | Non Physician Anesthetist | $0 |
| 10,11 | Dietary and Cafeteria | $691,411 | 20,21,22,23 | Education Programs | $0 |
| Total General Service Cost Centers | $15,971,438 |