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Short-term acute care hospital · Gravette, Arkansas · 60 beds · CMS certification number 040075

Gravette Medical Center Hospital

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended May 31, 2005, settled, stamped by CMS August 18, 2006. Ten years on file, every one shown below.

Fiscal 2005 at a glance

Net patient revenue
$2.6M
$2,645,670 · G-3 line 3
Operating expenses
$3.8M
$3,782,989 · G-3 line 4
Result from patient care
−$1.1M
−$1,137,319 · G-3 line 5
Margin on patient care
−43.0%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue fell from $7.5M in its first year on file (1996) to $2.6M in 2005.
  • Its result from patient care: −$2.2M (2003), −$1.6M (2004), −$1.1M (2005).
  • 2 of the 5 short-term acute care hospital peers below with a margin on file also report a loss on patient care for fiscal year 2005.

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

Ten years of filings

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

Net patient revenueOperating expenses
1996
settled with audit
$7.5M
$7.2M
1997
reopened
$6.9M
$6.9M
1998
reopened
$8.4M
$8.3M
1999
reopened
$8.7M
$8.4M
2000
settled
$8.7M
$8.5M
2001
settled
$8.6M
$8.6M
2002
settled
$9.5M
$9.4M
2003
settled with audit
$7.9M
$10.1M
2004
settled
$7.1M
$8.7M
2005
settled
$2.6M
$3.8M

Beside its peers

Short-term acute care hospitals in Arkansas with 50 to 99 beds, each on fiscal year 2005.

HospitalBedsNet patient revenueOperating expensesMargin
Gravette Medical Center Hospital60$2,645,670$3,782,989−43.0%
Baptist Health Medical Center - Hot Spring County, Malvern54$26,717,177$26,773,623−0.2%
Medical Park Hospital, Hope66$29,366,083$25,712,08512.4%
Rebsamen Medical Center, Jacksonville54$45,718,069$45,275,5741.0%
Siloam Springs Regional Hospital, Siloam Springs65$24,063,263$22,740,6835.5%
St. Vincent Medical Center North, Sherwood69$29,497,712$30,769,003−4.3%

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Figures: CMS Healthcare Cost Report Information System, file HOSPFY2005.ZIP, form CMS-2552-96, filed under CMS certification number 040075.

How this page was built: the CMS Medicare cost report, file HOSPFY2005.ZIP, read August 18, 2006.