Velarion Records

Short-term acute care hospital · Nome, Alaska · 18 beds · CMS certification number 020005

Norton Sound Regional Hospital

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended October 31, 2003, reopened, stamped by CMS December 23, 2008. Eight years on file, every one shown below.

Fiscal 2003 at a glance

Net patient revenue
$33.4M
$33,448,383 · G-3 line 3
Operating expenses
$50.2M
$50,226,793 · G-3 line 4
Result from patient care
−$16.8M
−$16,778,410 · G-3 line 5
Margin on patient care
−50.2%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue rose from $13.5M in its first year on file (1996) to $33.4M in 2003.
  • Its result from patient care: −$19.3M (2001), −$19.7M (2002), −$16.8M (2003).
  • All 5 short-term acute care hospital peers below with a margin on file also report a loss on patient care for fiscal year 2003.

Every statement is drawn from figures on this page; nothing is estimated.

Eight years of filings

Net patient revenue against operating expenses, each year as filed.

Net patient revenueOperating expenses
1996
settled
$13.5M
$29.5M
1997
settled
$13.1M
$34.0M
1998
settled
$15.5M
$35.2M
1999
reopened
$17.6M
$39.4M
2000
settled
$19.1M
$43.0M
2001
reopened
$25.5M
$44.7M
2002
settled with audit
$28.2M
$47.9M
2003
reopened
$33.4M
$50.2M

Beside its peers

Hospitals of the same type (short-term acute care hospital), nearest in size, from Alaska first; each on fiscal year 2003.

HospitalBedsNet patient revenueOperating expensesMargin
Norton Sound Regional Hospital18$33,448,383$50,226,793−50.2%
Bartlett Regional Hospital, Juneau39$42,633,798$45,353,349−6.4%
Cordova Community Medical Center, Cordova17$4,274,476$5,380,103−25.9%
Ketchikan General Hospital, Ketchikan37$32,826,953$33,041,242−0.7%
Prov. Kodiak Island Med CTR, Kodiak25$6,963,660$7,262,077−4.3%
South Peninsula Hospital, Homer24$22,898,782$24,034,619−5.0%

Follow this hospital, free

We send this record now and tell you when it files again.

More short-term acute care hospitals in Alaska

From the publisher of Velarion Records

Velarion Intel

Independent Decision-Grade Intelligence

Compensation and corporate governance intelligence for advisors, investors and companies. Executive and board pay for public companies, benchmarked against peers.

See what Intel shows

Figures: CMS Healthcare Cost Report Information System, file HOSPFY2003.ZIP, form CMS-2552-96, filed under CMS certification number 020005.

How this page was built: the CMS Medicare cost report, file HOSPFY2003.ZIP, read December 23, 2008.