Velarion Records

Short-term acute care hospital · Frankfort, Indiana · 53 beds · CMS certification number 150043

St. Vincent Frankfort

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended January 20, 2003, reopened, stamped by CMS July 11, 2005. Seven years on file, every one shown below.

Fiscal 2003 at a glance

Net patient revenue
$11.0M
$10,958,177 · G-3 line 3
Operating expenses
$11.6M
$11,555,696 · G-3 line 4
Result from patient care
−$598K
−$597,519 · G-3 line 5
Margin on patient care
−5.5%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue fell from $14.7M in its first year on file (1997) to $11.0M in 2003.
  • Its result from patient care: −$3.2M (2001), −$2.6M (2002), −$598K (2003).
  • 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 2003.

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
1997
settled
$14.7M
$15.0M
1998
settled
$17.2M
$17.0M
1999
settled
$14.8M
$16.5M
2000
settled
$5.5M
$5.3M
2001
settled
$14.5M
$17.7M
2002
reopened
$15.8M
$18.4M
2003
reopened
$11.0M
$11.6M

Beside its peers

Short-term acute care hospitals in Indiana with 50 to 99 beds, each on fiscal year 2003.

HospitalBedsNet patient revenueOperating expensesMargin
St. Vincent Frankfort53$10,958,177$11,555,696−5.5%
Adams County Memorial Hospital, Decatur51$28,773,576$28,202,8652.0%
The Women's Hospital, Newburgh57$26,216,810$25,118,4394.2%
Harrison County Hospital, Corydon51$25,966,270$26,476,632−2.0%
Indiana Heart Hospital, Indianapolis56$56,458,003$50,473,66610.6%
Franciscan Health Mooresville, Mooresville56$37,508,314$33,493,97710.7%

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Figures: CMS Healthcare Cost Report Information System, file HOSPFY2002.ZIP, form CMS-2552-96, filed under CMS certification number 150043.

How this page was built: the CMS Medicare cost report, file HOSPFY2002.ZIP, read July 11, 2005.