Velarion Records

Short-term acute care hospital · Fort Lauderdale, Florida · 121 beds · CMS certification number 100056

Cleveland Clinic Hospital

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended June 30, 2001, settled, stamped by CMS May 10, 2003. Six years on file, every one shown below.

Fiscal 2001 at a glance

Net patient revenue
$26.3M
$26,317,998 · G-3 line 3
Operating expenses
$32.0M
$32,046,557 · G-3 line 4
Result from patient care
−$5.7M
−$5,728,559 · G-3 line 5
Margin on patient care
−21.8%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue fell from $46.0M in its first year on file (1996) to $26.3M in 2001.
  • Its result from patient care: −$1.7M (1999), −$7.8M (2000), −$5.7M (2001).
  • 1 of the 5 short-term acute care hospital peers below with a margin on file also reports a loss on patient care for fiscal year 2001.

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

Six years of filings

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

Net patient revenueOperating expenses
1996
settled
$46.0M
$49.7M
1997
as submitted
$29.5M
$28.3M
1998
as submitted
$56.0M
$57.9M
1999
as submitted
$53.7M
$55.3M
2000
as submitted
$48.4M
$56.2M
2001
settled
$26.3M
$32.0M

Beside its peers

Short-term acute care hospitals in Florida with 100 to 199 beds, each on fiscal year 2001.

HospitalBedsNet patient revenueOperating expensesMargin
Cleveland Clinic Hospital121$26,317,998$32,046,557−21.8%
HCA Florida Highlands Hospital, Sebring126$36,123,085$31,608,28812.5%
Homestead Hospital, Homestead120$61,390,152$65,282,311−6.3%
HCA Florida Putnam Hospital, Palatka131$36,044,968$32,042,46211.1%
Santa Rosa Medical Center, Milton119$37,148,643$35,438,6374.6%
HCA Florida St. Lucie Hospital, Port St. Lucie126$93,104,821$76,400,70417.9%

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 HOSPFY2001.ZIP, form CMS-2552-96, filed under CMS certification number 100056.

How this page was built: the CMS Medicare cost report, file HOSPFY2001.ZIP, read May 10, 2003.