Velarion Records

Short-term acute care hospital · Jay, Florida · 19 beds · CMS certification number 100048

Jay Hospital

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended February 29, 2024, settled, stamped by CMS October 30, 2024. 29 years on file, every one shown below.

Fiscal 2024 at a glance

Net patient revenue
$4.7M
$4,666,874 · G-3 line 3
Operating expenses
$7.1M
$7,090,366 · G-3 line 4
Result from patient care
−$2.4M
−$2,423,492 · G-3 line 5
Margin on patient care
−51.9%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue fell from $10.0M in its first year on file (1996) to $4.7M in 2024.
  • Its result from patient care: −$5.2M (2022), −$5.6M (2023), −$2.4M (2024).
  • All 5 short-term acute care hospital peers below with a margin on file also report a loss on patient care for fiscal year 2024.
  • Medicaid paid for 1.7% of its inpatient days and Medicare for 36.1%.

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

29 years of filings

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

Net patient revenueOperating expenses
1996
settled
$10.0M
$10.1M
1997
settled
$10.8M
$11.2M
1998
settled
$11.2M
$11.4M
1999
settled
$9.9M
$10.6M
2000
settled
$9.8M
$10.1M
2001
settled
$8.6M
$9.2M
2002
settled
$9.5M
$9.6M
2003
settled
$10.1M
$11.0M
2004
settled
$11.0M
$11.2M
2005
reopened
$13.5M
$13.5M
2006
settled
$13.4M
$12.8M
2007
reopened
$13.2M
$13.6M
2008
reopened
$14.3M
$15.4M
2009
reopened
$14.7M
$14.8M
2010
reopened
$15.7M
$15.9M
2011
reopened
$11.8M
$12.5M
2012
reopened
$9.5M
$10.9M
2013
reopened
$8.0M
$10.8M
2014
settled
$8.4M
$10.9M
2015
settled
$9.3M
$11.7M
2016
settled
$9.2M
$12.3M
2017
settled
$10.0M
$12.9M
2018
settled
$8.3M
$12.5M
2019
settled
$9.3M
$13.3M
2020
settled
$8.9M
$13.6M
2021
settled
$9.8M
$14.4M
2022
settled
$10.3M
$15.5M
2023
settled
$11.2M
$16.8M
2024
settled
$4.7M
$7.1M

Beside its peers

Hospitals of the same type (short-term acute care hospital), nearest in size, from Florida first; each on fiscal year 2024.

HospitalBedsNet patient revenueOperating expensesMargin
Jay Hospital19$4,666,874$7,090,366−51.9%
Ascension Sacred Heart Gulf, Port Saint Joe19$21,495,717$26,318,833−22.4%
Ed Fraser Memorial Hospital, Macclenny21$38,588,029$41,119,139−6.6%
Florida State Hospital, Chattachoochee24$7,208,894$174,780,592−2324.5%
Halifax Health Uf Health Medical Center of Deltona, Deltona43$62,538,462$67,055,949−7.2%
Miami Jewish Health Systems, Miami32$38,038,849$57,432,407−51.0%

Patients and payers

Discharges
191
S-3 line 14, col 15
Inpatient days
1,577
S-3 line 14, col 8
Beds in use, on an average day
10.4
days ÷ days in year
Occupancy
54.6%
days ÷ bed days
Medicare share of days
36.1%
S-3 cols 6 ÷ 8
Medicaid share of days
1.7%
S-3 cols 7 ÷ 8

Who owns it

Related organizations on its own cost report: BAPTIST HEALTH CARE, homeoffice; BAPTIST HOSPITA, hospital.

Type of control on its cost report: voluntary nonprofit, other.

Follow this hospital, free

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

More short-term acute care hospitals in Florida

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 HOSP10FY2024.ZIP, form CMS-2552-10, filed under CMS certification number 100048. Patients and payers: worksheet S-3 Part I of the same filing.

How this page was built: the CMS Medicare cost report, file HOSP10FY2024.ZIP, read October 30, 2024.