Velarion Records

Short-term acute care hospital · Dorchester, Massachusetts · 106 beds · CMS certification number 220017

Steward Carney Hospital

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended August 30, 2024, settled, stamped by CMS August 4, 2026. 29 years on file, every one shown below.

Fiscal 2024 at a glance

Net patient revenue
$50.5M
$50,476,448 · G-3 line 3
Operating expenses
$85.4M
$85,431,826 · G-3 line 4
Result from patient care
−$35.0M
−$34,955,378 · G-3 line 5
Margin on patient care
−69.3%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue fell from $93.3M in its first year on file (1996) to $50.5M in 2024.
  • Its result from patient care: −$43.0M (2022), −$41.3M (2023), −$35.0M (2024).
  • 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 2024.
  • Medicaid paid for 21.0% of its inpatient days and Medicare for 12.8%.

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

29 years of filings

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

Net patient revenueOperating expenses
1996
reopened
$93.3M
$93.9M
1997
reopened
$58.4M
$59.2M
1998
reopened
$85.6M
$93.2M
1999
reopened
$82.9M
$90.4M
2000
reopened
$81.8M
$90.8M
2001
reopened
$84.1M
$91.5M
2002
settled with audit
$88.9M
$94.2M
2003
settled with audit
$100.7M
$98.5M
2004
reopened
$100.7M
$108.5M
2005
reopened
$104.1M
$107.4M
2006
reopened
$109.0M
$110.7M
2007
reopened
$109.2M
$116.5M
2008
reopened
$110.1M
$114.8M
2009
reopened
$114.0M
$113.8M
2010
reopened
$123.2M
$127.1M
2011
reopened
$103.4M
$111.5M
2012
reopened
$102.6M
$121.4M
2013
reopened
$91.9M
$112.7M
2014
reopened
$82.3M
$102.1M
2015
reopened
$105.5M
$125.3M
2016
reopened
$114.5M
$136.6M
2017
reopened
$112.0M
$148.3M
2018
settled
$107.2M
$145.3M
2019
reopened
$107.0M
$145.1M
2020
reopened
$105.0M
$156.3M
2021
settled
$91.5M
$130.0M
2022
settled
$92.2M
$135.1M
2023
settled
$92.5M
$133.8M
2024
settled
$50.5M
$85.4M

Beside its peers

Short-term acute care hospitals in Massachusetts with 100 to 199 beds, each on fiscal year 2024.

HospitalBedsNet patient revenueOperating expensesMargin
Steward Carney Hospital106$50,476,448$85,431,826−69.3%
Adcare Hospital of Worcester, Worcester114$38,527,736$32,503,13215.6%
Anna Jaques Hospital, Newburyport116$137,070,539$174,571,694−27.4%
Beth Israel Deaconess Hospital-Milton, Milton102$157,182,285$172,321,811−9.6%
Emerson Hospital, Concord111$347,376,478$367,051,500−5.7%
Heywood Hospital, Gardner114$155,952,541$202,109,940−29.6%

Patients and payers

Discharges
1,369
S-3 line 14, col 15
Inpatient days
8,886
S-3 line 14, col 8
Beds in use, on an average day
36.7
days ÷ days in year
Occupancy
34.5%
days ÷ bed days
Medicare share of days
12.8%
S-3 cols 6 ÷ 8
Medicaid share of days
21.0%
S-3 cols 7 ÷ 8

Who owns it

Related organizations on its own cost report: STEWARD HEALTHCARE, hospital mgmt.

Type of control on its cost report: proprietary, other.

Follow this hospital, free

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

More short-term acute care hospitals in Massachusetts

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 HOSP10FY2024.ZIP, form CMS-2552-10, filed under CMS certification number 220017. Patients and payers: worksheet S-3 Part I of the same filing.

How this page was built: the CMS Medicare cost report, file HOSP10FY2024.ZIP, read August 4, 2026.