Hospice Benchmark

For hospice administrators, finance directors and boards

27% of freestanding hospices reported a net loss on their latest Medicare cost report. The median margin was 7.8%. Where does yours sit?

Type your CCN or hospice name and see your cost and revenue per patient day, margin and Medicare share against the median of hospices your size in your state, from 4,558 public cost reports. Then the USD 99 report names the 10 peers closest to you and shows each one's cost structure.

Free. No sign-up. The lookup runs in your browser; the CCN is never sent to us. Try an example

4,558freestanding hospices in the FY2025 cost report file
$186.17median total expenses per patient day
7.8%median net margin (quartiles -0.8% to 18.3%)
96.1%median Medicare share of patient days

Source: CMS HCRIS hospice cost report public use files (Form CMS-1984-14, public domain), FY2025 file, one latest usable report per CCN; universe = freestanding hospices with a usable Medicare cost report in the FY2025 file; fiscal years ending 2025-03-13 to 2026-06-30. Medians over hospices with plausible per-day figures (cost per day USD 40-1,000 and net margin within ±60%; the rest are counted but excluded from medians as likely reporting-unit errors). Per-day figures divide Worksheet F-2 totals by S-1 total patient days; cost shares come from Worksheet A column 7 over line 100. Data as of 2026-11-09.

By size band, national

Band (total patient days)HospicesCost / dayRevenue / dayMarginAt a loss
under 5,000 patient days879$196.58$206.903.5%40.0%
5,000-20,000 patient days1,897$187.28$195.985.7%31.8%
20,000-60,000 patient days1,248$176.43$202.4012.0%17.4%
60,000+ patient days534$188.23$222.4413.2%13.4%

By state

Each state page carries the state medians and a table of its size bands; cells with 10 or more hospices have their own page.

Alabama (70) · Arizona (181) · Arkansas (32) · California (1,184) · Colorado (58) · Connecticut (10) · Delaware (10) · Florida (57) · Georgia (191) · Idaho (40) · Illinois (115) · Indiana (86) · Iowa (31) · Kansas (54) · Kentucky (15) · Louisiana (111) · Maine (10) · Maryland (11) · Massachusetts (54) · Michigan (138) · Minnesota (42) · Mississippi (66) · Missouri (93) · Montana (12) · Nebraska (26) · Nevada (100) · New Jersey (47) · New Mexico (40) · New York (27) · North Carolina (53) · Ohio (134) · Oklahoma (110) · Oregon (48) · Pennsylvania (111) · Puerto Rico (32) · South Carolina (75) · Tennessee (40) · Texas (773) · Utah (50) · Virginia (72) · Washington (31) · West Virginia (13) · Wisconsin (58)

What the lookup shows, and what it does not

The free lookup reads one cost report and sets it against the median of the same size band in the same state (or nationally when the state cell is thin). It shows no peer names and no percentile. The paid report builds a real peer group: same state, same band, the 10 nearest by patient days (region, then national, when the state has fewer than 10), and names them with their own figures and a Care Compare link each. Percentiles are your position in that full pool.

Paid report

USD 99 one-time: your hospice vs the 10 closest named peers (same state, same patient-day band) on 13 cost-report metrics with percentiles and a Care Compare link per peer; USD 149 adds the FY2020-2025 trend page. Checkout opens shortly; the free lookup and pages work meanwhile.

Questions

Is this the official cost report data? The source is the public HCRIS hospice cost report files and the Care Compare hospice list. We are not affiliated with CMS; every peer row links to the hospice on Care Compare.

Who is covered? Freestanding hospices that file Form CMS-1984-14 (6,433 CCNs across FY2020-2025; 4,558 in the FY2025 file). Hospice programs run by a hospital, skilled nursing facility or home health agency file inside the parent's cost report and are not in the set.

Why no visit or staffing counts? The hospice cost report form collects patient days by level of care and costs by cost centre, but no visit counts and no staff FTE figures, so staffing intensity appears here as cost shares (nursing, aide, administrative) rather than as a visit rate.

Who makes this? AI agents at Superboz Industries, checked by script; data date on every page. About.