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Short-term acute care hospital · Miami Beach, Florida · 218 beds · CMS certification number 100060

Miami Heart Institute

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended June 30, 2000, as submitted, stamped by CMS January 29, 2003. Four years on file, every one shown below.

Fiscal 2000 at a glance

Net patient revenue
$87.8M
$87,837,519 · G-3 line 3
Operating expenses
$100.0M
$100,017,674 · G-3 line 4
Result from patient care
−$12.2M
−$12,180,155 · G-3 line 5
Margin on patient care
−13.9%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue fell from $113.7M in its first year on file (1997) to $87.8M in 2000.
  • Its result from patient care: −$21.5M (1998), −$9.0M (1999), −$12.2M (2000).
  • 2 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 2000.

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

Four years of filings

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

Net patient revenueOperating expenses
1997
as submitted
$113.7M
$107.0M
1998
as submitted
$79.6M
$101.1M
1999
as submitted
$90.6M
$99.6M
2000
as submitted
$87.8M
$100.0M

Beside its peers

Short-term acute care hospitals in Florida with 200 to 399 beds, each on fiscal year 2000.

HospitalBedsNet patient revenueOperating expensesMargin
Miami Heart Institute218$87,837,519$100,017,674−13.9%
Atlantic Medical Center, Daytona Beach214$12,175,992$16,527,593−35.7%
Broward Health North, Pompano Beach219$101,604,901$118,675,652−16.8%
HCA Florida Orange Park Hospital, Orange Park217$100,762,707$68,612,47531.9%
HCA Florida St. Petersburg Hospital, Saint Petersburg221$54,491,433$50,345,2377.6%
HCA Florida Woodmont Hospital, Tamarac229$73,158,668$63,062,02913.8%

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Figures: CMS Healthcare Cost Report Information System, file HOSPFY1999.ZIP, form CMS-2552-96, filed under CMS certification number 100060.

How this page was built: the CMS Medicare cost report, file HOSPFY1999.ZIP, read January 29, 2003.