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Critical access hospital · Nantucket, Massachusetts · 15 beds · CMS certification number 221301

Nantucket Cottage Hospital

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended February 3, 2008, settled, stamped by CMS August 10, 2009. Seven years on file, every one shown below.

Fiscal 2008 at a glance

Net patient revenue
$7.9M
$7,948,884 · G-3 line 3
Operating expenses
$10.2M
$10,186,090 · G-3 line 4
Result from patient care
−$2.2M
−$2,237,206 · G-3 line 5
Margin on patient care
−28.1%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue rose from $7.3M in its first year on file (2002) to $7.9M in 2008.
  • Its result from patient care: −$4.1M (2006), −$3.3M (2007), −$2.2M (2008).
  • 4 of the 5 critical access hospital peers below with a margin on file also report a loss on patient care for fiscal year 2008.

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
2002
reopened
$7.3M
$7.7M
2003
reopened
$20.1M
$22.6M
2004
settled with audit
$20.0M
$23.3M
2005
settled
$22.0M
$26.7M
2006
reopened
$23.4M
$27.5M
2007
settled
$27.6M
$30.9M
2008
settled
$7.9M
$10.2M

Beside its peers

Hospitals of the same type (critical access hospital), nearest in size, from Massachusetts first; each on fiscal year 2008.

HospitalBedsNet patient revenueOperating expensesMargin
Nantucket Cottage Hospital15$7,948,884$10,186,090−28.1%
Athol Memorial Hospital, Athol25$22,048,811$22,400,293−1.6%
Fairview Hospital, Great Barrington24$34,394,996$34,157,2750.7%
Martha's Vineyard Hospital, Oaks Bluff19$42,297,960$43,858,793−3.7%
Mercy Hospital Paris, Paris (AR)16$5,485,319$6,117,615−11.5%
Washington County Hospital, Chatom (AL)15$11,339,517$12,188,736−7.5%

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Figures: CMS Healthcare Cost Report Information System, file HOSPFY2008.ZIP, form CMS-2552-96, filed under CMS certification number 221301.

How this page was built: the CMS Medicare cost report, file HOSPFY2008.ZIP, read August 10, 2009.