Caro Psychiatric Hospital
2040 Chambers Road, Caro, MI 48723 · Tuscola County
Psychiatric No ER
At a glance
Latest cost report FY2024
Net patient revenue
$13.2M
Operating margin
-377.5%
Net income
—
Staffed beds
100
Annual discharges
80
Ownership & identity
Control, system & affiliation
Ownership / controlGovernment (city) Health systemState of Michigan Office of Financial Management (4) Hospital typePsychiatric Phone(989) 673-3191 CMS star rating— Emergency servicesNo
Net patient revenue trend
FY2019–FY2024
| Fiscal year | Net patient revenue |
|---|---|
| FY2019 | $7,438,062 |
| FY2020 | $4,910,058 |
| FY2021 | $9,961,757 |
| FY2022 | $8,097,247 |
| FY2023 | $55,991,954 |
| FY2024 | $13,182,969 |
Payer mix
Share of inpatient days
Medicare0.4%Medicaid8.6%Commercial & other91.0%
How Caro Psychiatric Hospital compares
#150 of 163 Michigan hospitals by net patient revenue
Other State of Michigan Office of Financial Management hospitals
Same health system · view all
Full financial detail
Premium · in the Hospitals app
🔒 5-year income statement & balance sheet
Line-by-line revenue, expenses, assets, liabilities and net assets for FY2020–FY2024, plus top Medicare DRGs, cost structure, EBITDAR, and Medicare reimbursement (IME, DSH, charity & uncompensated care).
Open in the Hospitals app → 🔒 Screener & comparison builder
Screen all 6,421 U.S. hospitals, benchmark Caro Psychiatric Hospital against Michigan peers on margin, revenue, occupancy and payer mix, build side-by-side comparisons, and export — in the interactive app.
Open the benchmarking tool →