| ASPIRUS IRON RIVER HOSPITAL & CLINICS, INC | Hospital POS Number | 231318 |
| 1400 WEST ICE LAKE ROAD | Hospital Control | Nonprofit - Other |
| IRON RIVER , MI 49935 | Hospital Type | General Short Term |
| IRON | Medicare Utilization | Full Util |
| Hospital Location is Rural | ||
| Total Cost Report Beds 22 | ||
| Cost Report 759753 6/30/2023 for 365 Days | Cost Report Status is Submitted | Total POS Beds 0 |
| Financial KPI's | Operating KPI's | ||||
| Current Ratio | 2.3 | Patient Occupancy Percent | 20.8% | ||
| Days to Collect in AR | 175.2 Days | Avg Length of Stay (LOS) | 4.4 Days | ||
| Avg AP Payment Days | 10.3 Days | Medicare LOS | 4.6 Days | ||
| Days of Cash in Bank | 28.7 Days | Employee Avg Hourly Wages | $41.62 | ||
| Balance Sheet | Income Statement | ||||
| Current Assets | $9,483,202 | Total Charges | $97,514,154 | ||
| Fixed Assets | $18,660,187 | Contract Allowance | $63,054,194; | 64.7% | |
| Other Assets | $564,533 | Operating Revenue | $34,459,960 | 35.3% | |
| Total Assets | $28,707,922 | Operating Expenses | $38,684,418 | 112.3% | |
| Current Liabilities | $4,098,556 | Operating Margin | ($4,224,458) | -12.3% | |
| Long Term Liabilities | $16,215,510 | Other Income | $2,357,667 | 6.8% | |
| Total Equity | $8,393,856 | Other Expense | $0 | 0.0% | |
| Total Liabilities and Equity | $28,707,922 | Net Profit or Loss | ($1,866,791) | -5.4% | |
| Line | Account | Cost | Charges | Ratio |
| 30 | Adults and Pediatrics - General Routine Care | $5,636,931 | $4,614,323 | 1.2216 |
| 31 | Intensive Care Unit | $151,236 | $65,263 | 2.3173 |
| 32 | Coronary Care Unit | $0 | $0 | |
| 43 | Nursery | $0 | $0 | |
| 44 | Skilled Nursing Care | $0 | $0 | |
| 50 | Operating Room | $2,408,509 | $4,318,990 | 0.5577 |
| 51 | Recovery Room | $0 | $0 | |
| 52 | Labor and Delivery Room | $0 | $0 |
| Lines | Description | Amount | Lines | Description | Amount |
| 01 | Capital Related - Building and Fixtures | $1,775,917 | 13 | Nursing Administration | $224,410 |
| 02,03 | Captial Related - Movable Equipment | $156,509 | 14 | Central Services and Supply | $233,390 |
| 04 | Employee Benefits | $2,829,046 | 15 | Pharmacy | $3,179,237 |
| 05 | Administrative and General | $5,495,047 | 16 | Medical Records and Medical Library | $777,200 |
| 06 | Maintenance and Repairs | $0 | 17 | Social Services | $0 |
| 07 | Operation of Plant | $893,734 | 18 | Other General Service Expense | $0 |
| 08,09 | Laundry, Linen and Housekeeping | $502,257 | 19 | Non Physician Anesthetist | $0 |
| 10,11 | Dietary and Cafeteria | $307,177 | 20,21,22,23 | Education Programs | $0 |
| Total General Service Cost Centers | $16,373,924 |