Velarion Records

Short-term acute care hospital · Holyoke, Massachusetts · 27 beds · CMS certification number 220023

Providence Hospital

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended May 31, 1997, reopened, stamped by CMS December 15, 1999. Two years on file, every one shown below.

Fiscal 1997 at a glance

Net patient revenue
$7.5M
$7,451,393 · G-3 line 3
Operating expenses
$11.0M
$10,978,331 · G-3 line 4
Result from patient care
−$3.5M
−$3,526,938 · G-3 line 5
Margin on patient care
−47.3%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue fell from $36.6M in its first year on file (1996) to $7.5M in 1997.
  • Its result from patient care: −$8.8M (1996), −$3.5M (1997).
  • 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 1997.

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

Two years of filings

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

Net patient revenueOperating expenses
1996
reopened
$36.6M
$45.4M
1997
reopened
$7.5M
$11.0M

Beside its peers

Short-term acute care hospitals in Massachusetts with 25 to 49 beds, each on fiscal year 1997.

HospitalBedsNet patient revenueOperating expensesMargin
Providence Hospital27$7,451,393$10,978,331−47.3%
Clinton Hospital, Clinton26$11,443,596$11,358,0330.8%
Fairview Hospital, Great Barrington38$16,284,305$17,468,302−7.3%
Hubbard Regional Hospital, Webster29$14,136,345$14,358,361−1.6%
Mary Lane Hospital, Ware31$16,514,484$16,973,486−2.8%
Baystate Wing Hospital & Medical Centers, Palmer32$29,526,912$29,626,265−0.3%

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 HOSPFY1997.ZIP, form CMS-2552-96, filed under CMS certification number 220023.

How this page was built: the CMS Medicare cost report, file HOSPFY1997.ZIP, read December 15, 1999.