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Short-term acute care hospital · Crisfield, Maryland · 3 beds · CMS certification number 210045

McCready Memorial Hospital

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended February 29, 2020, settled, stamped by CMS January 13, 2022. 24 years on file, every one shown below.

Fiscal 2020 at a glance

Net patient revenue
$9.8M
$9,776,199 · G-3 line 3
Operating expenses
$11.0M
$11,029,076 · G-3 line 4
Result from patient care
−$1.3M
−$1,252,877 · G-3 line 5
Margin on patient care
−12.8%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue rose from $7.7M in its first year on file (1997) to $9.8M in 2020.
  • Its result from patient care: −$923K (2018), −$2.9M (2019), −$1.3M (2020).
  • All 5 short-term acute care hospital peers below with a margin on file also report a loss on patient care for fiscal year 2020.

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

24 years of filings

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

Net patient revenueOperating expenses
1997
settled
$7.7M
$7.8M
1998
settled
$10.8M
$11.9M
1999
settled
$11.5M
$11.9M
2000
settled
$9.8M
$12.3M
2001
settled
not filed
$14.7M
2002
settled
not filed
$16.1M
2003
settled
not filed
$14.6M
2004
settled
not filed
$12.4M
2005
settled
not filed
$13.0M
2006
settled
not filed
$13.5M
2007
settled
not filed
$13.3M
2008
settled
$16.6M
$14.8M
2009
settled
not filed
$18.5M
2010
settled
not filed
$14.8M
2011
settled
not filed
$15.6M
2012
settled
not filed
$15.5M
2013
reopened
not filed
$14.6M
2014
settled
$16.6M
$14.6M
2015
settled
$14.5M
$14.7M
2016
settled
$15.2M
$16.1M
2017
settled
$15.6M
$16.6M
2018
settled
$17.2M
$18.1M
2019
settled
$14.9M
$17.8M
2020
settled
$9.8M
$11.0M

Beside its peers

Hospitals of the same type (short-term acute care hospital), nearest in size, from Maryland first; each on fiscal year 2020.

HospitalBedsNet patient revenueOperating expensesMargin
McCready Memorial Hospital3$9,776,199$11,029,076−12.8%
Tidalhealth Atlantic, Berlin48$117,777,974$134,971,344−14.6%
Bon Secours Hospital, Baltimore69$58,025,708$82,109,096−41.5%
University of Maryland Shore Medical Center at Chestertown, Chestertown12$36,171,630$45,202,399−25.0%
Adventist Healthcare Fort Washington Medical Center, Fort Washington28$47,004,288$51,160,790−8.8%
Garrett Regional Medical Center, Oakland26$55,429,330$59,430,927−7.2%

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Figures: CMS Healthcare Cost Report Information System, file HOSP10FY2019.ZIP, form CMS-2552-10, filed under CMS certification number 210045.

How this page was built: the CMS Medicare cost report, file HOSP10FY2019.ZIP, read January 13, 2022.