Competitive Intelligence — COVENANT MEDICAL CENTER
CCN 230070 | MI | 464 beds | Nat'l margin P36 | 18 gaps to P75
🛡️ Public data only — no PHI permitted on this instance.
$680.9M
Net Revenue
-10.5%
Margin (P36)
464
Beds
6,123
National Universe
4
Peer Groups
Percentile Rankings — All Metrics
Percentile rank across 4 peer groups. Bar shows position: left = bottom of peers, right = top. Green = favorable direction, red = unfavorable. Direction: ▲ higher is better, ▼ lower is better, ▶ neutral.
Data: CMS HCRIS FY2022 | 6,123 hospitals with complete financials
| Metric | Value | National (n=6,122) | MI State (n=162) | Size-Matched (n=995) | MI Size-Matched (n=27) | Direction |
|---|---|---|---|---|---|---|
| Net Patient Revenue | $680.9M | P92 | P92 | P60 | P67 | ▲ higher |
| Operating Margin | -10.5% | P36 | P32 | P31 | P26 | ▲ higher |
| Bed Count | 464 | P95 | P94 | P74 | P78 | ▶ neutral |
| Revenue per Bed | $1.5M | P61 | P50 | P42 | P41 | ▲ higher |
| Occupancy Rate | 75.9% | P80 | P76 | P64 | P52 | ▲ higher |
| Net-to-Gross Ratio | 28.2% | P37 | P26 | P60 | P41 | ▲ higher |
| Expense per Bed | $1.6M | P64 | P53 | P50 | P44 | ▼ lower |
| Medicare Day % | 21.4% | P27 | P23 | P45 | P33 | ▶ neutral |
| Medicaid Day % | 4.3% | P45 | P67 | P31 | P41 | ▶ neutral |
| Commercial Payer % | 74.3% | P78 | P77 | P69 | P67 | ▲ higher |
| Payer Diversity Index | 0.400 | P28 | P25 | P30 | P33 | ▲ higher |
| Total Patient Days | 123,236 | P95 | P94 | P74 | P74 | ▲ higher |
Value Creation Gaps — Path to P75
Metrics where the target trails size-matched P75 peers. Each gap represents quantifiable value creation opportunity. Estimated EBITDA impact assumes linear improvement proportional to revenue.
| Metric | Current | P75 Target | Gap | Percentile | Est. Impact |
|---|---|---|---|---|---|
| Net Patient Revenue | $680.9M | $889.7M | +$208.8M | P60 | ~$9.69B |
| Net Patient Revenue | $680.9M | $729.1M | +$48.3M | P67 | ~$2.24B |
| Revenue per Bed | $1.5M | $2.1M | +$648K | P42 | ~$30.1M |
| Revenue per Bed | $1.5M | $2.1M | +$601K | P41 | ~$27.9M |
| Expense per Bed | $1.6M | $2.2M | -$491K | P50 | ~$22.8M |
| Expense per Bed | $1.6M | $2.1M | -$353K | P44 | ~$16.4M |
| Total Patient Days | 123,236 | 126,044 | +2,808 | P74 | — |
| Total Patient Days | 123,236 | 124,155 | +919 | P74 | — |
| Operating Margin | -10.5% | 5.2% | +15.7% | P31 | ~$107.0M |
| Payer Diversity Index | 0.400 | 0.515 | +0.114 | P30 | — |
Top Size-Matched Peers
232–928 beds, ranked by revenue. Click any peer for full profile.
| Hospital | State | Beds | Revenue | Margin | Medicare |
|---|---|---|---|---|---|
| COVENANT MEDICAL CENTER (Target) | MI | 464 | $680.9M | -10.5% | 21% |
| ST. LUKES HOSPITAL | PA | 633 | $8.94B | 87.9% | 27% |
| STANFORD HEALTH CARE | CA | 657 | $6.76B | 3.7% | 34% |
| UCSF MEDICAL CENTER | CA | 834 | $5.44B | -5.4% | 25% |
| UT MD ANDERSON CANCER CENTER | TX | 721 | $4.90B | -0.8% | 32% |
| MEMORIAL HOSPITAL FOR CANCER A | NY | 514 | $4.34B | -32.5% | 36% |
| CEDARS-SINAI MEDICAL CENTER | CA | 908 | $3.92B | -5.5% | 38% |
| STRONG MEMORIAL HOSPITAL | NY | 749 | $3.31B | 5.2% | 15% |
| UC DAVIS MEDICAL CENTER | CA | 666 | $3.28B | -11.5% | 26% |
| UCSD MEDICAL CENTER | CA | 718 | $3.06B | -7.2% | 18% |
| UNIVERSITY OF NORTH CAROLINA H | NC | 799 | $2.88B | 13.3% | 17% |