Velarion Records

Short-term acute care hospital · Monterey Park, California · 180 beds · CMS certification number 050432

Garfield Medical CTR.

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended May 31, 2004, reopened, stamped by CMS October 17, 2017. Eight years on file, every one shown below.

Fiscal 2004 at a glance

Net patient revenue
$121.0M
$121,036,012 · G-3 line 3
Operating expenses
$117.8M
$117,834,811 · G-3 line 4
Result from patient care
$3.2M
$3,201,201 · G-3 line 5
Margin on patient care
2.6%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue rose from $94.9M in its first year on file (1997) to $121.0M in 2004.
  • Its result from patient care: $34.9M (2002), $30.5M (2003), $3.2M (2004).
  • 3 of the 5 short-term acute care hospital peers below with a margin on file also report a gain on patient care for fiscal year 2004.

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
1997
reopened
$94.9M
$73.6M
1998
settled
$105.6M
$73.4M
1999
settled
$95.3M
$74.8M
2000
reopened
$103.9M
$81.7M
2001
reopened
$118.8M
$87.0M
2002
reopened
$138.5M
$103.6M
2003
settled
$136.1M
$105.5M
2004
reopened
$121.0M
$117.8M

Beside its peers

Short-term acute care hospitals in California with 100 to 199 beds, each on fiscal year 2004.

HospitalBedsNet patient revenueOperating expensesMargin
Garfield Medical CTR.180$121,036,012$117,834,8112.6%
Dameron Hospital Association, Stockton188$120,978,746$120,193,5390.7%
Adventist Health Sierra Vista, San Luis Obispo182$104,777,410$99,540,3945.0%
California Pacific Medical Center-Mission Bernal Campus, San Francisco181$93,076,381$119,322,250−28.2%
Sutter Roseville Medical Center, Roseville180$231,749,838$219,645,1395.2%
Ventura County Medical Center, Ventura180$88,445,046$232,133,689−162.5%

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Figures: CMS Healthcare Cost Report Information System, file HOSPFY2003.ZIP, form CMS-2552-96, filed under CMS certification number 050432.

How this page was built: the CMS Medicare cost report, file HOSPFY2003.ZIP, read October 17, 2017.