Velarion Records

Hospital · Seminole, Florida · 7 beds · CMS certification number 101990

Morningside

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended October 12, 2006, settled, stamped by CMS May 29, 2008. Eleven years on file, every one shown below.

Fiscal 2006 at a glance

Net patient revenue
$524K
$524,036 · G-3 line 3
Operating expenses
$1.2M
$1,224,058 · G-3 line 4
Result from patient care
−$700K
−$700,022 · G-3 line 5
Margin on patient care
−133.6%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue rose from $421K in its first year on file (1996) to $524K in 2006.
  • Its result from patient care: −$1.0M (2004), −$849K (2005), −$700K (2006).
  • 1 of the 5 peers below with a margin on file also reports a loss on patient care for fiscal year 2006.

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

Eleven years of filings

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

Net patient revenueOperating expenses
1996
settled
$421K
$827K
1997
settled
$370K
$833K
1998
settled
$624K
$819K
1999
settled
not filed
not filed
2000
settled
$674K
$987K
2001
settled
$743K
$1.1M
2002
settled
$797K
$1.3M
2003
settled
$488K
$1.3M
2004
settled
$458K
$1.5M
2005
settled
$682K
$1.5M
2006
settled
$524K
$1.2M

Beside its peers

Hospitals in Florida with under 25 beds, each on fiscal year 2006.

HospitalBedsNet patient revenueOperating expensesMargin
Morningside7$524,036$1,224,058−133.6%
Calhoun-Liberty Hospital, Blountstown15$5,527,488$5,439,5811.6%
George E Weems Memorial Hospital, Apalachicola15$6,259,806$5,479,24912.5%
Lake Butler Hospital, Lake Butler15$6,583,219$6,451,5782.0%
Shands Live Oak, Live Oak15$14,419,971$13,106,1289.1%
The Summit, Apopka12$228,243$699,047−206.3%

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Figures: CMS Healthcare Cost Report Information System, file HOSPFY2006.ZIP, form CMS-2552-96, filed under CMS certification number 101990.

How this page was built: the CMS Medicare cost report, file HOSPFY2006.ZIP, read May 29, 2008.