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Short-term acute care hospital · Walsenburg, Colorado · 24 beds · CMS certification number 060066

Spanish Peaks Medical Center

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended June 27, 2002, settled, stamped by CMS June 17, 2004. Seven years on file, every one shown below.

Fiscal 2002 at a glance

Net patient revenue
$5.5M
$5,468,034 · G-3 line 3
Operating expenses
$6.8M
$6,764,790 · G-3 line 4
Result from patient care
−$1.3M
−$1,296,756 · G-3 line 5
Margin on patient care
−23.7%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue fell from $8.7M in its first year on file (1996) to $5.5M in 2002.
  • Its result from patient care: −$1.7M (2000), −$2.2M (2001), −$1.3M (2002).
  • 3 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 2002.

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

Seven years of filings

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

Net patient revenueOperating expenses
1996
settled
$8.7M
$8.9M
1997
settled
$9.8M
$10.4M
1998
as submitted
$10.5M
$11.2M
1999
as submitted
$11.7M
$12.4M
2000
reopened
$10.8M
$12.5M
2001
settled
$11.2M
$13.4M
2002
settled
$5.5M
$6.8M

Beside its peers

Short-term acute care hospitals in Colorado with under 25 beds, each on fiscal year 2002.

HospitalBedsNet patient revenueOperating expensesMargin
Spanish Peaks Medical Center24$5,468,034$6,764,790−23.7%
Gunnison Valley Hospital, Gunnison24$11,918,213$11,499,5673.5%
Keefe Memorial Hospital, Cheyenne Wells13$3,171,557$3,106,1192.1%
Kremmling Memorial Hospital, Kremmling19$4,511,496$6,108,251−35.4%
National Jewish Health, Denver24$35,758,351$112,220,203−213.8%
Pioneers Hospital, Meeker17$5,219,479$5,826,373−11.6%

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Figures: CMS Healthcare Cost Report Information System, file HOSPFY2002.ZIP, form CMS-2552-96, filed under CMS certification number 060066.

How this page was built: the CMS Medicare cost report, file HOSPFY2002.ZIP, read June 17, 2004.