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Short-term acute care hospital · Charles City, Iowa · 15 beds · CMS certification number 160037

Floyd County Memorial Hospital

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended February 28, 2003, reopened, stamped by CMS July 25, 2007. Seven years on file, every one shown below.

Fiscal 2003 at a glance

Net patient revenue
$8.5M
$8,474,563 · G-3 line 3
Operating expenses
$9.4M
$9,432,176 · G-3 line 4
Result from patient care
−$958K
−$957,613 · G-3 line 5
Margin on patient care
−11.3%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue fell from $10.1M in its first year on file (1997) to $8.5M in 2003.
  • Its result from patient care: −$340K (2001), −$448K (2002), −$958K (2003).
  • All 5 short-term acute care hospital peers below with a margin on file also report 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
$10.1M
$9.7M
1998
settled
$10.0M
$10.1M
1999
settled
$10.1M
$10.3M
2000
settled
$10.4M
$10.7M
2001
settled
$11.8M
$12.2M
2002
settled
$12.9M
$13.3M
2003
reopened
$8.5M
$9.4M

Beside its peers

Hospitals of the same type (short-term acute care hospital), nearest in size, from Iowa first; each on fiscal year 2003.

HospitalBedsNet patient revenueOperating expensesMargin
Floyd County Memorial Hospital15$8,474,563$9,432,176−11.3%
Avera Holy Family Health, Estherville28$11,410,513$11,825,278−3.6%
Ellsworth Municipal Hospital, Iowa Falls30$10,989,679$11,277,816−2.6%
Sioux Center Community Hospital, Sioux Center21$8,458,986$10,250,846−21.2%
Virginia Gay Hospital, Vinton29$8,822,815$8,960,986−1.6%
Wayne County Hospital, Corydon28$7,686,959$8,781,580−14.2%

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Figures: CMS Healthcare Cost Report Information System, file HOSPFY2002.ZIP, form CMS-2552-96, filed under CMS certification number 160037.

How this page was built: the CMS Medicare cost report, file HOSPFY2002.ZIP, read July 25, 2007.