| PAUL OLIVER MEMORIAL HOSPITAL | Hospital POS Number | 231300 |
| 224 PARK AVENUE | Hospital Control | Nonprofit - Other |
| FRANKFORT , MI 49635 | Hospital Type | General Short Term |
| BENZIE | Medicare Utilization | Full Util |
| Hospital Location is Rural | ||
| Total Cost Report Beds 8 | ||
| Cost Report 759749 6/30/2023 for 365 Days | Cost Report Status is Submitted | Total POS Beds 0 |
| Financial KPI's | Operating KPI's | ||||
| Current Ratio | 3.0 | Patient Occupancy Percent | 1.8% | ||
| Days to Collect in AR | 180.1 Days | Avg Length of Stay (LOS) | 2.9 Days | ||
| Avg AP Payment Days | 22.6 Days | Medicare LOS | 3.4 Days | ||
| Days of Cash in Bank | 106.7 Days | Employee Avg Hourly Wages | $0.00 | ||
| Balance Sheet | Income Statement | ||||
| Current Assets | $10,764,901 | Total Charges | $51,959,787 | ||
| Fixed Assets | $7,896,847 | Contract Allowance | $28,560,588; | 55.0% | |
| Other Assets | $482,645 | Operating Revenue | $23,399,199 | 45.0% | |
| Total Assets | $19,144,393 | Operating Expenses | $24,612,406 | 105.2% | |
| Current Liabilities | $3,632,832 | Operating Margin | ($1,213,207) | -5.2% | |
| Long Term Liabilities | $271,964 | Other Income | $1,500,098 | 6.4% | |
| Total Equity | $15,239,597 | Other Expense | $0 | 0.0% | |
| Total Liabilities and Equity | $19,144,393 | Net Profit or Loss | $286,891 | 1.2% | |
| Line | Account | Cost | Charges | Ratio |
| 30 | Adults and Pediatrics - General Routine Care | $800,665 | $53,824 | 14.8756 |
| 31 | Intensive Care Unit | $0 | $0 | |
| 32 | Coronary Care Unit | $0 | $0 | |
| 43 | Nursery | $0 | $0 | |
| 44 | Skilled Nursing Care | $5,358,524 | $3,153,205 | 1.6994 |
| 50 | Operating Room | $774,941 | $949,037 | 0.8166 |
| 51 | Recovery Room | $0 | $0 | |
| 52 | Labor and Delivery Room | $0 | $0 |
| Lines | Description | Amount | Lines | Description | Amount |
| 01 | Capital Related - Building and Fixtures | $385,575 | 13 | Nursing Administration | $176,888 |
| 02,03 | Captial Related - Movable Equipment | $428,001 | 14 | Central Services and Supply | $0 |
| 04 | Employee Benefits | $2,293,236 | 15 | Pharmacy | $0 |
| 05 | Administrative and General | $4,881,594 | 16 | Medical Records and Medical Library | $0 |
| 06 | Maintenance and Repairs | $0 | 17 | Social Services | $17,980 |
| 07 | Operation of Plant | $807,890 | 18 | Other General Service Expense | $0 |
| 08,09 | Laundry, Linen and Housekeeping | $427,278 | 19 | Non Physician Anesthetist | $0 |
| 10,11 | Dietary and Cafeteria | $655,362 | 20,21,22,23 | Education Programs | $0 |
| Total General Service Cost Centers | $10,073,804 |