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Short-term acute care hospital · Waukon, Iowa · 40 beds · CMS certification number 160023

Veterans Memorial Hospital

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended February 28, 2001, reopened, stamped by CMS April 18, 2006. Five years on file, every one shown below.

Fiscal 2001 at a glance

Net patient revenue
$3.7M
$3,658,514 · G-3 line 3
Operating expenses
$4.1M
$4,125,851 · G-3 line 4
Result from patient care
−$467K
−$467,337 · G-3 line 5
Margin on patient care
−12.8%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue rose from $3.0M in its first year on file (1997) to $3.7M in 2001.
  • Its result from patient care: −$558K (1999), −$396K (2000), −$467K (2001).
  • 4 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 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
settled
$3.0M
$4.7M
1998
settled
$4.9M
$5.2M
1999
settled
$4.9M
$5.4M
2000
settled
$5.3M
$5.7M
2001
reopened
$3.7M
$4.1M

Beside its peers

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

HospitalBedsNet patient revenueOperating expensesMargin
Veterans Memorial Hospital40$3,658,514$4,125,851−12.8%
Horn Memorial Hospital - Ida Grove, Ida Grove42$6,820,943$6,640,4872.6%
Shelby County Myrtue Hospital, Harlan40$11,422,717$11,572,328−1.3%
Shenandoah Memorial Hospital, Shenandoah43$12,068,572$12,506,626−3.6%
Sioux Valley Memorial Hosp-Cherokee, Cherokee40$12,391,574$12,662,829−2.2%
Story County Hospital, Nevada42$7,491,319$9,117,159−21.7%

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Figures: CMS Healthcare Cost Report Information System, file HOSPFY2000.ZIP, form CMS-2552-96, filed under CMS certification number 160023.

How this page was built: the CMS Medicare cost report, file HOSPFY2000.ZIP, read April 18, 2006.