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Short-term acute care hospital · Apalachicola, Florida · 29 beds · CMS certification number 100270

George E. Weems Memorial Hospital

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended May 31, 2001, settled, stamped by CMS June 3, 2003. Five years on file, every one shown below.

Fiscal 2001 at a glance

Net patient revenue
$1.3M
$1,318,688 · G-3 line 3
Operating expenses
$1.9M
$1,883,999 · G-3 line 4
Result from patient care
−$565K
−$565,311 · G-3 line 5
Margin on patient care
−42.9%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue fell from $3.1M in its first year on file (1997) to $1.3M in 2001.
  • Its result from patient care: −$159K (1999), −$2.8M (2000), −$565K (2001).
  • All 5 short-term acute care hospital peers below with a margin on file also report a loss on patient care for fiscal year 2001.

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

Five years of filings

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

Net patient revenueOperating expenses
1997
reopened
$3.1M
$3.2M
1998
settled
$4.2M
$4.7M
1999
settled
$5.5M
$5.6M
2000
settled
$5.7M
$8.5M
2001
settled
$1.3M
$1.9M

Beside its peers

Short-term acute care hospitals in Florida with 25 to 49 beds, each on fiscal year 2001.

HospitalBedsNet patient revenueOperating expensesMargin
George E. Weems Memorial Hospital29$1,318,688$1,883,999−42.9%
Calhoun-Liberty Hospital, Blountstown36$2,095,355$2,466,024−17.7%
Doctors Memorial Hospital, Bonifay34$5,948,988$6,422,113−8.0%
Ed Fraser Memorial Hospital, Macclenny25$7,813,259$9,240,682−18.3%
Miami Jewish Health Systems, Miami32$27,331,383$35,787,899−30.9%
Ramadan Hand Institute, Lake Butler27$3,175,810$3,973,102−25.1%

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Figures: CMS Healthcare Cost Report Information System, file HOSPFY2001.ZIP, form CMS-2552-96, filed under CMS certification number 100270.

How this page was built: the CMS Medicare cost report, file HOSPFY2001.ZIP, read June 3, 2003.