Velarion Records

Short-term acute care hospital · Lakeland, Georgia · 34 beds · CMS certification number 110097

Louis Smith Memorial Hospital

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended June 30, 2002, settled, stamped by CMS June 15, 2004. Seven years on file, every one shown below.

Fiscal 2002 at a glance

Net patient revenue
$6.1M
$6,052,613 · G-3 line 3
Operating expenses
$6.3M
$6,338,330 · G-3 line 4
Result from patient care
−$286K
−$285,717 · G-3 line 5
Margin on patient care
−4.7%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue rose from $6.0M in its first year on file (1996) to $6.1M in 2002.
  • Its result from patient care: −$723K (2000), −$927K (2001), −$286K (2002).
  • 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 2002.

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

Seven years of filings

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

Net patient revenueOperating expenses
1996
settled with audit
$6.0M
$6.4M
1997
reopened
$6.0M
$7.1M
1998
settled
$5.4M
$6.8M
1999
settled
$5.9M
$6.8M
2000
settled
$6.8M
$7.5M
2001
settled
$6.9M
$7.8M
2002
settled
$6.1M
$6.3M

Beside its peers

Short-term acute care hospitals in Georgia with 25 to 49 beds, each on fiscal year 2002.

HospitalBedsNet patient revenueOperating expensesMargin
Louis Smith Memorial Hospital34$6,052,613$6,338,330−4.7%
Brooks County Hospital, Quitman35$7,394,644$7,080,9234.2%
Fannin Regional Hospital, Blue Ridge34$23,690,206$20,720,62412.5%
Irwin County Hospital, Ocilla34$14,583,018$14,391,8321.3%
Piedmont McDuffie Hospital, Thomson35$16,263,448$17,158,818−5.5%
Mountainside Medical Center, Jasper35$17,589,497$15,908,1029.6%

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Figures: CMS Healthcare Cost Report Information System, file HOSPFY2002.ZIP, form CMS-2552-96, filed under CMS certification number 110097.

How this page was built: the CMS Medicare cost report, file HOSPFY2002.ZIP, read June 15, 2004.