| 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 809323 6/30/2024 for 366 Days | Cost Report Status is Amended | Total POS Beds 0 |
| Financial KPI's | Operating KPI's | ||||
| Current Ratio | 3.2 | Patient Occupancy Percent | 38.9% | ||
| Days to Collect in AR | 164.1 Days | Avg Length of Stay (LOS) | 4.3 Days | ||
| Avg AP Payment Days | 13.1 Days | Medicare LOS | 6.1 Days | ||
| Days of Cash in Bank | 44.6 Days | Employee Avg Hourly Wages | $48.32 | ||
| Balance Sheet | Income Statement | ||||
| Current Assets | $22,489,942 | Total Charges | $208,261,396 | ||
| Fixed Assets | $28,388,250 | Contract Allowance | $135,738,721; | 65.2% | |
| Other Assets | $1,586,715 | Operating Revenue | $72,522,675 | 34.8% | |
| Total Assets | $52,464,907 | Operating Expenses | $71,504,033 | 98.6% | |
| Current Liabilities | $6,975,905 | Operating Margin | $1,018,642 | 1.4% | |
| Long Term Liabilities | $14,317,670 | Other Income | $4,388,664 | 6.1% | |
| Total Equity | $31,171,332 | Other Expense | $0 | 0.0% | |
| Total Liabilities and Equity | $52,464,907 | Net Profit or Loss | $5,407,306 | 7.5% | |
| Line | Account | Cost | Charges | Ratio |
| 30 | Adults and Pediatrics - General Routine Care | $5,439,854 | $5,227,557 | 1.0406 |
| 31 | Intensive Care Unit | $833,795 | $582,840 | 1.4306 |
| 32 | Coronary Care Unit | $0 | $0 | |
| 43 | Nursery | $60,867 | $301,950 | 0.2016 |
| 44 | Skilled Nursing Care | $0 | $0 | |
| 50 | Operating Room | $6,111,983 | $15,215,768 | 0.4017 |
| 51 | Recovery Room | $0 | $0 | |
| 52 | Labor and Delivery Room | $95,607 | $429,058 | 0.2228 |
| Lines | Description | Amount | Lines | Description | Amount |
| 01 | Capital Related - Building and Fixtures | $1,984,470 | 13 | Nursing Administration | $586,381 |
| 02,03 | Captial Related - Movable Equipment | $959,295 | 14 | Central Services and Supply | $514,947 |
| 04 | Employee Benefits | $4,491,061 | 15 | Pharmacy | $0 |
| 05 | Administrative and General | $11,284,468 | 16 | Medical Records and Medical Library | $1,455,457 |
| 06 | Maintenance and Repairs | $0 | 17 | Social Services | $0 |
| 07 | Operation of Plant | $1,294,197 | 18 | Other General Service Expense | $0 |
| 08,09 | Laundry, Linen and Housekeeping | $695,552 | 19 | Non Physician Anesthetist | $0 |
| 10,11 | Dietary and Cafeteria | $368,540 | 20,21,22,23 | Education Programs | $0 |
| Total General Service Cost Centers | $23,634,368 |