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Long-term care hospital · Springfield, Massachusetts · 174 beds · CMS certification number 222041

Olympus of Massachusetts

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended April 8, 2001, as submitted, stamped by CMS March 14, 2003. Five years on file, every one shown below.

Fiscal 2001 at a glance

Net patient revenue
$16.1M
$16,117,867 · G-3 line 3
Operating expenses
$16.2M
$16,225,254 · G-3 line 4
Result from patient care
−$107K
−$107,387 · G-3 line 5
Margin on patient care
−0.7%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue rose from $9.0M in its first year on file (1997) to $16.1M in 2001.
  • Its result from patient care: −$1.1M (1999), −$766K (2000), −$107K (2001).
  • 4 of the 5 long-term care hospital peers below with a margin on file also report a loss on patient care for fiscal year 2001.

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

Five years of filings

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

Net patient revenueOperating expenses
1997
reopened
$9.0M
$10.4M
1998
settled with audit
$18.2M
$19.3M
1999
settled with audit
$18.0M
$19.1M
2000
settled with audit
$21.3M
$22.1M
2001
as submitted
$16.1M
$16.2M

Beside its peers

Long-term care hospitals in Massachusetts with 100 to 199 beds, each on fiscal year 2001.

HospitalBedsNet patient revenueOperating expensesMargin
Olympus of Massachusetts174$16,117,867$16,225,254−0.7%
New England Sinai Hospital, Stoughton191$47,710,072$50,418,079−5.7%
Pam Health Specialty Hospital of Stoughton, Braintree178$30,845,203$30,811,3520.1%
Vibra Hospital of Western Massachusetts, Springfield128$15,533,791$17,494,884−12.6%
Shaughnessy Kaplan Rehab., Salem120$30,082,000$30,924,864−2.8%
Spaulding Hospital for Continuing Medical Care - Cambridge, Cambridge158$33,285,304$34,521,397−3.7%

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Figures: CMS Healthcare Cost Report Information System, file HOSPFY2000.ZIP, form CMS-2552-96, filed under CMS certification number 222041.

How this page was built: the CMS Medicare cost report, file HOSPFY2000.ZIP, read March 14, 2003.