| ASPIRUS KEWEENAW HOSPITAL | Hospital POS Number | 231319 |
| 205 OCEOLA ST | Hospital Control | Nonprofit - Other |
| LAURIUM , MI 49913 | Hospital Type | General Short Term |
| HOUGHTON | Medicare Utilization | Full Util |
| Hospital Location is Rural | ||
| Total Cost Report Beds 20 | ||
| Cost Report 759754 6/30/2023 for 365 Days | Cost Report Status is Submitted | Total POS Beds 0 |
| Financial KPI's | Operating KPI's | ||||
| Current Ratio | 6.5 | Patient Occupancy Percent | 40.9% | ||
| Days to Collect in AR | 136.6 Days | Avg Length of Stay (LOS) | 3.9 Days | ||
| Avg AP Payment Days | 14.1 Days | Medicare LOS | 5.0 Days | ||
| Days of Cash in Bank | 87.6 Days | Employee Avg Hourly Wages | $52.85 | ||
| Balance Sheet | Income Statement | ||||
| Current Assets | $29,242,679 | Total Charges | $144,714,306 | ||
| Fixed Assets | $19,059,846 | Contract Allowance | $85,623,756; | 59.2% | |
| Other Assets | $1,810,293 | Operating Revenue | $59,090,550 | 40.8% | |
| Total Assets | $50,112,818 | Operating Expenses | $66,683,959 | 112.9% | |
| Current Liabilities | $4,472,252 | Operating Margin | ($7,593,409) | -12.9% | |
| Long Term Liabilities | $17,297,356 | Other Income | $10,939,631 | 18.5% | |
| Total Equity | $28,343,210 | Other Expense | $0 | 0.0% | |
| Total Liabilities and Equity | $50,112,818 | Net Profit or Loss | $3,346,222 | 5.7% | |
| Line | Account | Cost | Charges | Ratio |
| 30 | Adults and Pediatrics - General Routine Care | $5,133,243 | $5,846,536 | 0.8780 |
| 31 | Intensive Care Unit | $1,531,227 | $1,094,520 | 1.3990 |
| 32 | Coronary Care Unit | $0 | $0 | |
| 43 | Nursery | $60,047 | $467,407 | 0.1285 |
| 44 | Skilled Nursing Care | $0 | $0 | |
| 50 | Operating Room | $3,445,908 | $11,802,513 | 0.2920 |
| 51 | Recovery Room | $0 | $0 | |
| 52 | Labor and Delivery Room | $35,076 | $299,770 | 0.1170 |
| Lines | Description | Amount | Lines | Description | Amount |
| 01 | Capital Related - Building and Fixtures | $1,705,464 | 13 | Nursing Administration | $120,844 |
| 02,03 | Captial Related - Movable Equipment | $1,195,853 | 14 | Central Services and Supply | ($46,412) |
| 04 | Employee Benefits | $5,551,646 | 15 | Pharmacy | $0 |
| 05 | Administrative and General | $10,915,228 | 16 | Medical Records and Medical Library | $1,191,312 |
| 06 | Maintenance and Repairs | $488,426 | 17 | Social Services | $530 |
| 07 | Operation of Plant | $401,992 | 18 | Other General Service Expense | $0 |
| 08,09 | Laundry, Linen and Housekeeping | $371,201 | 19 | Non Physician Anesthetist | $0 |
| 10,11 | Dietary and Cafeteria | $426,156 | 20,21,22,23 | Education Programs | $0 |
| Total General Service Cost Centers | $22,322,240 |