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Short-term acute care hospital · Lake City, Iowa · 49 beds · CMS certification number 160072

Stewart Memorial Hospital

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended June 30, 2003, reopened, stamped by CMS June 2, 2006. Seven years on file, every one shown below.

Fiscal 2003 at a glance

Net patient revenue
$5.0M
$4,959,712 · G-3 line 3
Operating expenses
$6.8M
$6,793,303 · G-3 line 4
Result from patient care
−$1.8M
−$1,833,591 · G-3 line 5
Margin on patient care
−37.0%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue fell from $11.4M in its first year on file (1996) to $5.0M in 2003.
  • Its result from patient care: −$965K (2001), −$1.4M (2002), −$1.8M (2003).
  • 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 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
1996
settled
$11.4M
$11.2M
1998
settled
$10.0M
$10.4M
1999
settled
$10.4M
$11.0M
2000
settled
$10.3M
$11.3M
2001
settled
$10.9M
$11.9M
2002
settled
$11.6M
$13.0M
2003
reopened
$5.0M
$6.8M

Beside its peers

Short-term acute care hospitals in Iowa with 25 to 49 beds, each on fiscal year 2003.

HospitalBedsNet patient revenueOperating expensesMargin
Stewart Memorial Hospital49$4,959,712$6,793,303−37.0%
Buena Vista Regional Medical Center, Storm Lake49$21,191,474$20,824,5261.7%
Burgess Health Center, Onawa48$15,887,662$17,121,673−7.8%
Cass County Memorial Hospital, Atlantic49$19,901,325$23,359,509−17.4%
Mahaska County Hospital, Oskaloosa49$16,241,215$18,746,480−15.4%
Pella Regional Health Center, Pella47$40,504,432$39,829,1841.7%

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Figures: CMS Healthcare Cost Report Information System, file HOSPFY2003.ZIP, form CMS-2552-96, filed under CMS certification number 160072.

How this page was built: the CMS Medicare cost report, file HOSPFY2003.ZIP, read June 2, 2006.