Velarion Records

Short-term acute care hospital · Vinton, Iowa · 29 beds · CMS certification number 160093

Virginia Gay Hospital

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended April 30, 2003, settled, stamped by CMS April 20, 2004. Seven years on file, every one shown below.

Fiscal 2003 at a glance

Net patient revenue
$8.8M
$8,822,815 · G-3 line 3
Operating expenses
$9.0M
$8,960,986 · G-3 line 4
Result from patient care
−$138K
−$138,171 · G-3 line 5
Margin on patient care
−1.6%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue rose from $6.2M in its first year on file (1997) to $8.8M in 2003.
  • Its result from patient care: $229K (2001), −$274K (2002), −$138K (2003).
  • 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 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
reopened
$6.2M
$6.2M
1998
reopened
$7.4M
$7.5M
1999
reopened
$8.3M
$7.9M
2000
reopened
$8.6M
$8.6M
2001
settled
$9.1M
$8.9M
2002
settled
$9.9M
$10.2M
2003
settled
$8.8M
$9.0M

Beside its peers

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

HospitalBedsNet patient revenueOperating expensesMargin
Virginia Gay Hospital29$8,822,815$8,960,986−1.6%
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%
Northwest Iowa Health Center, Sheldon30$14,650,000$13,753,3726.1%
Orange City Municipal Hospital, Orange City30$20,142,712$20,294,197−0.8%
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 160093.

How this page was built: the CMS Medicare cost report, file HOSPFY2002.ZIP, read April 20, 2004.