As of the July, 2022, release via CMS


HERRICK MEDICAL CENTER


  • CMS id: 231334
  • 500 E. POTTAWATAMIE STREET, TECUMSEH MI 49286. County: LENAWEE
  • System: PROMEDICA HEALTH SYSTEMS
  • CBSA: Adrian, MI

The 25-bed, CAH hospital had $-1,811,223 in net service to patients*, with a total profit margin of -222.62865% in fiscal year 2020, the latest year available.
It spent 4.91% of its operating expenses on uncompensated care and reported $1,404,662 in Medicaid shortfall.

* For more about Net Service to Patients and operating revenue, please the finance section below.


Note: Medians are from CAH hospitals with "complete" fiscal years. For more about how we calculated medians and cost reports in general, please click here.


Details

2017 2018 2019 2020 2021
# of days in fyear 365 365 365 268 --
Ownership
nfp nfp nfp nfp --
Acute beds
Median
25
23
25
23
25
23
25
23
--
23
Total beds
Median
35
25
25
25
25
25
25
25
--
25
FTEs
Median
112.10
149.18
110.58
151.6
98.20
151.58
57.72
152.78
--
151.99

Finances As they appear in worksheet G3 of the cost reports.

Note: Net Patient Revenue is considered operating revenue, which means Net Service to Patients is considered operating profit. Click here for more about cost report financials

2017 2018 2019 2020 2021
Net patient revenue ?
Median
25,383,287
19,395,819
25,689,142
19,790,685
24,335,477
20,891,573
15,998,987
20,752,910
--
22,925,976
Operating expenses
Median
28,032,914
21,082,256
24,048,458
21,740,728
24,245,845
22,449,917
17,810,210
23,028,561
--
24,906,213
Net income from service 2 patients (NS2P) ?
Median
-2,649,627
-1,166,928
1,640,684
-1,178,891
89,632
-1,189,234
-1,811,223
-1,989,193
--
-1,175,562
NS2P margin ?
Median
-10.44%
-6.37
6.39%
-6.47
0.37%
-6.58
-11.32%
-10.52
--%
-5.81

Range* of Net Service to Patient (NS2P) margins

= NS2P margin for HERRICK MEDICAL CENTER compared to all** CAH hospitals, from CMS cost reports.
Note: NS2P is considered operating margin by MACPAC. The chart below is interactive: click or touch to see more.


* Data range does not show outliers, which fall beyond the minimum and maximum of the range.
** From cost reports with complete fiscal years. Number of CAH hospitals available to calculate medians:

2017 2018 2019 2020 2021
1,314 1,322 1,316 1,319 1,132

2017 2018 2019 2020 2021
Other income*
Median
Click here to show/hide details
618,587
1,517,926
4,167,706
1,554,100
640,087
1,708,825
4,740,402
3,606,354
--
4,946,640
Total income ?
Median
-2,031,040
445,049
5,808,390
379,292
729,719
655,032
2,929,179
1,453,054
--
3,734,026
Non-operating expenses
Median
0
56,329
6,313,795
45,230
6,432,784
61,507
49,101,001
80,747
--
39,130
Net income
Median
-2,031,040
309,249
-505,405
305,537
-5,703,065
515,321.5
-46,171,822
1,282,423
--
3,678,491
Net margin
Median
-7.81113%
1.7%
-1.69276%
1.61%
-22.83458%
2.36%
-222.62865%
5.41%
--%
13.38%

* About "Other income": Other income, or line 25 in worksheet G3, is the sum of lines 6 through 24. It includes three lines that are considered non-operating revenue - contributions, investments and government appropriations. Medians are included for these three lines. It also contains items that are not central to providing healthcare, such as revenue from parking or gift shops.
"Sum Line 24" is a special case. Called "Other (specify)" in the cost reports, CMS allows for this line to be "subscripted," or divided into sublines like 002400, 002401, 002402. And hospitals do that, up to 100 lines, to detail income (and sometimes negative returns) that are otherwise not covered in the previous "other" lines. Therefore, "Sum Line 24" is the sum of all the lines 24.


Range* of total profit (loss) margins

= Total margin for HERRICK MEDICAL CENTER compared to all** CAH hospitals, from CMS cost reports.
The chart below is interactive: click or touch to see more.


* Data range does not show outliers, which fall beyond the minimum and maximum of the range.
** From cost reports with complete fiscal years. Number of CAH hospitals available to calculate medians:

2017 2018 2019 2020 2021
1,314 1,322 1,316 1,319 1,132


Medicare revenue

Inpatient and outpatient revenue

2017 2018 2019 2020 2021
All inpatient revenue
Median
Click here to show/hide details
746,257
1,512,374
705,684
1,478,094
450,910
1,365,460
527,016
1,289,169
--
1,354,214
All outpatient revenue
Median
Click here to show/hide details
5,563,032
4,108,627
5,881,589
4,367,646
5,307,604
4,566,928
3,635,235
4,517,324
--
4,554,272

Other payments

Item 2017 2018 2019 2020 2021
Graduate Medical Education (GME)
Median
0
--
0
--
0
--
0
--
--
--
Disproportionate-share hospital (DSH)
Median
0
--
0
--
0
--
0
--
--
--
Outlier
Median
89
4,679
0
5,256
0
5,165.5
0
6,341
--
5,998

Uncompensated care

Item 2017 2018 2019 2020 2021
Medicaid shortfall
Median
1,354,798
553,475.5
1,239,887
567,149
1,612,697
599,174.5
1,404,662
641,417
--
631,057
Charity care
Median
267,976
190,496
160,588
225,101
243,816
238,624
226,172
260,478.5
--
225,887
Uncompensated care (UCC)
Median
856,972
860,218.5
977,775
933,428
1,075,881
986,290
874,739
998,939
--
871,713
UCC as a %
of operating expenses
Median
3.06%
3.77
4.07%
3.82
4.44%
3.7
4.91%
3.74
--%
3.04
Total shortfall/UCC
Median
2,211,770
1,405,482
2,217,662
1,525,979
2,688,578
1,576,055
2,279,401
1,691,815
--
1,476,802

Labor costs

2017 2018 2019 2020 2021
Total salaries
Median
6,773,446
8,521,101
6,448,295
8,786,419
5,917,079
9,086,354
3,582,818
9,512,636
--
9,933,360
Salaries as a % of operating expenses
Median
24.16
42.53
26.81
42.58
24.40
42.62
20.12
42.72
--
42.27
Intern, resident salaries*
Median
0
--
0
--
0
--
0
--
--
--
Contract intern, resident salaries*
Median
0
--
0
--
0
--
0
--
--
--
Contract adjusted salaries, direct-care
Median
0
--
0
--
0
--
0
--
--
--
Contract hours, direct-care
Median
0.00
--
0.00
--
0.00
--
0.00
--
--
--
Contract wages, direct-care
Median
0.00
--
0.00
--
0.00
--
0.00
--
--
--

* in an approved program


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Cost reports are self-reported by the facility, are subject to revision and should be considered preliminary.

* Net Service to patients (NS2P) equals net patient revenue minus operating expenses. NS2P is considered the equivalent of operating profit according to the Medicaid and CHIP Payment and Access Commission (MACPAC). See the last paragraph of "Primary Data Sources" on page 55 of Annual Analysis of Disproportionate Share Hospital Allotments to States (PDF).

About medians

  • Medians are calculated from reports with "complete" fiscal years, or reports with fiscal years of at least 300 days and no more than 420 days.
  • In cases where there are fewer than 50 values reported, medians are not calculated. For childrens' hospitals, it's when fewer than 20 are reported.

Web app by Tim Broderick | email.