Competitive Intelligence — SPECTRUM HEALTH LUDINGTON
CCN 230110 | MI | 45 beds | Nat'l margin P74 | 14 gaps to P75
🛡️ Public data only — no PHI permitted on this instance.
$110.1M
Net Revenue
5.3%
Margin (P74)
45
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=2,702) | MI Size-Matched (n=73) | Direction |
|---|---|---|---|---|---|---|
| Net Patient Revenue | $110.1M | P62 | P58 | P88 | P86 | ▲ higher |
| Operating Margin | 5.3% | P74 | P78 | P73 | P68 | ▲ higher |
| Bed Count | 45 | P41 | P40 | P61 | P63 | ▶ neutral |
| Revenue per Bed | $2.4M | P86 | P84 | P86 | P84 | ▲ higher |
| Occupancy Rate | 45.2% | P40 | P42 | P52 | P66 | ▲ higher |
| Net-to-Gross Ratio | 39.7% | P62 | P64 | P52 | P58 | ▲ higher |
| Expense per Bed | $2.3M | P82 | P77 | P83 | P77 | ▼ lower |
| Medicare Day % | 34.2% | P57 | P74 | P42 | P62 | ▶ neutral |
| Medicaid Day % | 2.8% | P34 | P43 | P41 | P59 | ▶ neutral |
| Commercial Payer % | 63.0% | P54 | P25 | P68 | P34 | ▲ higher |
| Payer Diversity Index | 0.486 | P56 | P73 | P49 | P64 | ▲ higher |
| Total Patient Days | 7,432 | P42 | P44 | P62 | P73 | ▲ 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 |
|---|---|---|---|---|---|
| Expense per Bed | $2.3M | $1.8M | -$1.9M | P83 | ~$8.4M |
| Expense per Bed | $2.3M | $2.3M | -$1.7M | P77 | ~$7.7M |
| Total Patient Days | 7,432 | 11,101 | +3,669 | P62 | — |
| Total Patient Days | 7,432 | 8,487 | +1,055 | P73 | — |
| Occupancy Rate | 45.2% | 65.4% | +20.2% | P52 | ~$22.2M |
| Net-to-Gross Ratio | 39.7% | 53.3% | +13.6% | P52 | ~$15.0M |
| Occupancy Rate | 45.2% | 55.8% | +10.5% | P66 | ~$11.6M |
| Net-to-Gross Ratio | 39.7% | 46.6% | +6.9% | P58 | ~$7.6M |
| Commercial Payer % | 63.0% | 69.1% | +6.1% | P34 | ~$6.7M |
| Commercial Payer % | 63.0% | 67.3% | +4.3% | P68 | ~$4.7M |
Top Size-Matched Peers
22–90 beds, ranked by revenue. Click any peer for full profile.
| Hospital | State | Beds | Revenue | Margin | Medicare |
|---|---|---|---|---|---|
| SPECTRUM HEALTH LUDINGTON (Target) | MI | 45 | $110.1M | 5.3% | 34% |
| DANA-FARBER CANCER INSTITUTE | MA | 30 | $1.88B | -35.1% | 35% |
| MIDWESTERN REGIONAL MEDICAL CE | IL | 73 | $1.38B | 80.5% | 30% |
| MERCY WALWORTH HOSPITAL | WI | 25 | $616.4M | 4.4% | 34% |
| RANCHO LOS AMIGOS NATL.REHAB.C | CA | 83 | $512.6M | 41.9% | 5% |
| USC NORRIS CANCER HOSPITAL | CA | 60 | $468.7M | 19.1% | 24% |
| ST. JOSEPHS COMM. HOSPT. | WI | 70 | $436.8M | 66.1% | 32% |
| LAKEVIEW MEMORIAL | MN | 68 | $411.9M | 60.9% | 30% |
| MOUNTAIN VIEW HOSPITAL | ID | 43 | $382.5M | 8.7% | 5% |
| DECATUR COMMUNITY HOSPITAL | TX | 81 | $361.0M | -15.5% | 32% |
| WISE HEALTH SYSTEM - PARKWAY | TX | 36 | $361.0M | -15.5% | 26% |