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Short-term acute care hospital · Chicago, Illinois · 156 beds · CMS certification number 140075

Michael Reese Hospital

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended December 31, 2008, settled with audit, stamped by CMS September 17, 2012. Thirteen years on file, every one shown below.

Fiscal 2008 at a glance

Net patient revenue
$52.0M
$52,034,728 · G-3 line 3
Operating expenses
$77.5M
$77,483,688 · G-3 line 4
Result from patient care
−$25.4M
−$25,448,960 · G-3 line 5
Margin on patient care
−48.9%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue fell from $171.4M in its first year on file (1996) to $52.0M in 2008.
  • Its result from patient care: −$12.6M (2006), −$25.0M (2007), −$25.4M (2008).
  • 3 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 2008.

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

Thirteen years of filings

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

Net patient revenueOperating expenses
1996
as submitted
$171.4M
$187.8M
1997
as submitted
$152.6M
$181.9M
1998
as submitted
$110.9M
$155.4M
1999
reopened
$104.5M
$156.2M
2000
reopened
$102.5M
$141.7M
2001
reopened
$99.2M
$129.6M
2002
reopened
$118.8M
$147.5M
2003
reopened
$112.9M
$115.3M
2004
reopened
$323.2M
$119.5M
2005
reopened
$119.6M
$121.7M
2006
reopened
$108.0M
$120.6M
2007
settled with audit
$98.8M
$123.8M
2008
settled with audit
$52.0M
$77.5M

Beside its peers

Short-term acute care hospitals in Illinois with 100 to 199 beds, each on fiscal year 2008.

HospitalBedsNet patient revenueOperating expensesMargin
Michael Reese Hospital156$52,034,728$77,483,688−48.9%
Northwestern Medicine Delnor Community Hospital, Geneva159$201,536,344$201,873,114−0.2%
Mercyone Genesis Silvis Medical Center, Silvis149$80,287,787$76,536,5454.7%
Northwestern Medicine McHenry Hospital, Mchenry157$219,221,558$205,677,0416.2%
Saint Joseph Hospital - Elgin, Elgin159$166,437,000$170,742,999−2.6%
St. Bernard Hospital, Chicago150$85,071,591$87,901,205−3.3%

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Figures: CMS Healthcare Cost Report Information System, file HOSPFY2008.ZIP, form CMS-2552-96, filed under CMS certification number 140075.

How this page was built: the CMS Medicare cost report, file HOSPFY2008.ZIP, read September 17, 2012.