Velarion Records

Short-term acute care hospital · Red Oak, Iowa · 40 beds · CMS certification number 160090

Montgomery Cnty Memorial Hospital

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended September 30, 2004, settled, stamped by CMS March 24, 2006. Eight years on file, every one shown below.

Fiscal 2004 at a glance

Net patient revenue
$20.6M
$20,556,602 · G-3 line 3
Operating expenses
$23.2M
$23,243,987 · G-3 line 4
Result from patient care
−$2.7M
−$2,687,385 · G-3 line 5
Margin on patient care
−13.1%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue rose from $12.6M in its first year on file (1997) to $20.6M in 2004.
  • Its result from patient care: −$2.0M (2002), −$2.7M (2003), −$2.7M (2004).
  • 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 2004.

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

Eight years of filings

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

Net patient revenueOperating expenses
1997
reopened
$12.6M
$13.1M
1998
reopened
$14.1M
$15.1M
1999
reopened
$14.4M
$16.5M
2000
reopened
$13.5M
$15.2M
2001
settled
$14.8M
$16.7M
2002
settled with audit
$15.8M
$17.8M
2003
settled
$16.1M
$18.8M
2004
settled
$20.6M
$23.2M

Beside its peers

Short-term acute care hospitals in Iowa with 25 to 49 beds, each on fiscal year 2004.

HospitalBedsNet patient revenueOperating expensesMargin
Montgomery Cnty Memorial Hospital40$20,556,602$23,243,987−13.1%
Lakes Regional Healthcare, Spirit Lake44$20,315,882$19,559,6043.7%
Ringgold County Hospital, Mount Ayr40$8,169,143$9,238,784−13.1%
Shelby County Myrtue Hospital, Harlan40$14,186,480$13,628,7263.9%
Shenandoah Memorial Hospital, Shenandoah43$12,249,228$12,879,572−5.1%
Sioux Valley Memorial Hosp-Cherokee, Cherokee40$10,345,173$11,264,407−8.9%

Follow this hospital, free

We send this record now and tell you when it files again.

More short-term acute care hospitals in Iowa

From the publisher of Velarion Records

Velarion Intel

Independent Decision-Grade Intelligence

Compensation and corporate governance intelligence for advisors, investors and companies. Executive and board pay for public companies, benchmarked against peers.

See what Intel shows

Figures: CMS Healthcare Cost Report Information System, file HOSPFY2003.ZIP, form CMS-2552-96, filed under CMS certification number 160090.

How this page was built: the CMS Medicare cost report, file HOSPFY2003.ZIP, read March 24, 2006.