Velarion Records

Short-term acute care hospital · Oelwein, Iowa · 25 beds · CMS certification number 160135

Mercy Hospital of Franciscan Sisters

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended June 30, 2002, reopened, stamped by CMS March 28, 2006. Six years on file, every one shown below.

Fiscal 2002 at a glance

Net patient revenue
$8.9M
$8,931,000 · G-3 line 3
Operating expenses
$9.6M
$9,550,976 · G-3 line 4
Result from patient care
−$620K
−$619,976 · G-3 line 5
Margin on patient care
−6.9%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue rose from $8.4M in its first year on file (1997) to $8.9M in 2002.
  • Its result from patient care: $90K (2000), −$113K (2001), −$620K (2002).
  • 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 2002.

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

Six years of filings

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

Net patient revenueOperating expenses
1997
reopened
$8.4M
$8.9M
1998
settled
$8.7M
$9.7M
1999
reopened
$9.7M
$9.7M
2000
settled
$8.8M
$8.7M
2001
settled
$8.9M
$9.0M
2002
reopened
$8.9M
$9.6M

Beside its peers

Short-term acute care hospitals in Iowa with 25 to 49 beds, each on fiscal year 2002.

HospitalBedsNet patient revenueOperating expensesMargin
Mercy Hospital of Franciscan Sisters25$8,931,000$9,550,976−6.9%
Hegg Memorial Health Center, Rock Valley28$4,529,280$4,267,8945.8%
Humboldt County Memorial Hospital, Humboldt25$4,436,867$4,862,375−9.6%
Lucas County Health Center, Chariton25$7,756,368$10,838,700−39.7%
Northwest Iowa Health Center, Sheldon28$13,645,495$13,438,5281.5%
Wayne County Hospital, Corydon28$7,684,887$8,350,460−8.7%

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Figures: CMS Healthcare Cost Report Information System, file HOSPFY2001.ZIP, form CMS-2552-96, filed under CMS certification number 160135.

How this page was built: the CMS Medicare cost report, file HOSPFY2001.ZIP, read March 28, 2006.