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Short-term acute care hospital · Stamford, Connecticut · 92 beds · CMS certification number 070030

St. Joseph Medical Center

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended September 30, 1998, settled with audit, stamped by CMS March 25, 2003. Three years on file, every one shown below.

Fiscal 1998 at a glance

Net patient revenue
$32.0M
$32,046,616 · G-3 line 3
Operating expenses
$46.4M
$46,437,748 · G-3 line 4
Result from patient care
−$14.4M
−$14,391,132 · G-3 line 5
Margin on patient care
−44.9%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue fell from $53.8M in its first year on file (1996) to $32.0M in 1998.
  • Its result from patient care: −$5.0M (1996), −$9.1M (1997), −$14.4M (1998).
  • All 5 short-term acute care hospital peers below with a margin on file also report a loss on patient care for fiscal year 1998.

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

Three years of filings

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

Net patient revenueOperating expenses
1996
settled with audit
$53.8M
$58.8M
1997
reopened
$48.3M
$57.4M
1998
settled with audit
$32.0M
$46.4M

Beside its peers

Short-term acute care hospitals in Connecticut with 50 to 99 beds, each on fiscal year 1998.

HospitalBedsNet patient revenueOperating expensesMargin
St. Joseph Medical Center92$32,046,616$46,437,748−44.9%
Bradley Memorial Hospital, Southington84$24,280,409$25,847,188−6.5%
The Charlotte Hungerford Hospital, Torrington94$65,002,071$67,789,786−4.3%
Day Kimball Healthcare, Putnam89$56,591,671$57,390,378−1.4%
New Milford Hospital, New Milford85$40,241,371$40,895,112−1.6%
Sharon Hospital, Sharon92$25,571,924$33,571,625−31.3%

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Figures: CMS Healthcare Cost Report Information System, file HOSPFY1998.ZIP, form CMS-2552-96, filed under CMS certification number 070030.

How this page was built: the CMS Medicare cost report, file HOSPFY1998.ZIP, read March 25, 2003.