| ASPIRUS IRONWOOD HOSPITAL | Hospital POS Number | 231333 |
| N10561 GRAND VIEW LANE | Hospital Control | Nonprofit - Other |
| IRONWOOD , MI 49938 | Hospital Type | General Short Term |
| GOGEBIC | Medicare Utilization | Full Util |
| Hospital Location is Rural | ||
| Total Cost Report Beds 20 | ||
| Cost Report 759759 6/30/2023 for 365 Days | Cost Report Status is Submitted | Total POS Beds 0 |
| Financial KPI's | Operating KPI's | ||||
| Current Ratio | 2.8 | Patient Occupancy Percent | 40.1% | ||
| Days to Collect in AR | 176.8 Days | Avg Length of Stay (LOS) | 4.7 Days | ||
| Avg AP Payment Days | 16.0 Days | Medicare LOS | 5.9 Days | ||
| Days of Cash in Bank | 23.6 Days | Employee Avg Hourly Wages | $48.91 | ||
| Balance Sheet | Income Statement | ||||
| Current Assets | $20,288,838 | Total Charges | $197,138,416 | ||
| Fixed Assets | $25,801,359 | Contract Allowance | $131,699,838; | 66.8% | |
| Other Assets | $2,170,318 | Operating Revenue | $65,438,578 | 33.2% | |
| Total Assets | $48,260,515 | Operating Expenses | $67,744,661 | 103.5% | |
| Current Liabilities | $7,205,117 | Operating Margin | ($2,306,083) | -3.5% | |
| Long Term Liabilities | $18,898,857 | Other Income | $6,610,608 | 10.1% | |
| Total Equity | $22,156,541 | Other Expense | $0 | 0.0% | |
| Total Liabilities and Equity | $48,260,515 | Net Profit or Loss | $4,304,525 | 6.6% | |
| Line | Account | Cost | Charges | Ratio |
| 30 | Adults and Pediatrics - General Routine Care | $6,170,108 | $5,616,746 | 1.0985 |
| 31 | Intensive Care Unit | $781,749 | $508,830 | 1.5364 |
| 32 | Coronary Care Unit | $0 | $0 | |
| 43 | Nursery | $80,761 | $342,481 | 0.2358 |
| 44 | Skilled Nursing Care | $0 | $0 | |
| 50 | Operating Room | $4,537,178 | $14,682,352 | 0.3090 |
| 51 | Recovery Room | $0 | $0 | |
| 52 | Labor and Delivery Room | $192,079 | $748,048 | 0.2568 |
| Lines | Description | Amount | Lines | Description | Amount |
| 01 | Capital Related - Building and Fixtures | $1,608,018 | 13 | Nursing Administration | $204,884 |
| 02,03 | Captial Related - Movable Equipment | $1,004,096 | 14 | Central Services and Supply | $480,499 |
| 04 | Employee Benefits | $4,304,071 | 15 | Pharmacy | $0 |
| 05 | Administrative and General | $11,826,482 | 16 | Medical Records and Medical Library | $1,572,438 |
| 06 | Maintenance and Repairs | $0 | 17 | Social Services | $0 |
| 07 | Operation of Plant | $1,346,322 | 18 | Other General Service Expense | $0 |
| 08,09 | Laundry, Linen and Housekeeping | $701,987 | 19 | Non Physician Anesthetist | $0 |
| 10,11 | Dietary and Cafeteria | $389,057 | 20,21,22,23 | Education Programs | $0 |
| Total General Service Cost Centers | $23,437,854 |