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Short-term acute care hospital · Ionia, Michigan · 60 beds · CMS certification number 230027

Ionia County Memorial Hospital

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended June 30, 2005, settled, stamped by CMS September 19, 2006. Nine years on file, every one shown below.

Fiscal 2005 at a glance

Net patient revenue
$17.8M
$17,751,010 · G-3 line 3
Operating expenses
$18.9M
$18,937,296 · G-3 line 4
Result from patient care
−$1.2M
−$1,186,286 · G-3 line 5
Margin on patient care
−6.7%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue rose from $12.9M in its first year on file (1997) to $17.8M in 2005.
  • Its result from patient care: −$1.9M (2003), −$1.2M (2004), −$1.2M (2005).
  • 3 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 2005.

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

Nine years of filings

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

Net patient revenueOperating expenses
1997
reopened
$12.9M
$11.7M
1998
settled
$13.9M
$12.0M
1999
settled
$15.5M
$12.9M
2000
settled
$15.9M
$13.9M
2001
settled
$14.4M
$12.9M
2002
reopened
$16.3M
$16.1M
2003
settled
$16.4M
$18.3M
2004
settled
$16.8M
$18.0M
2005
settled
$17.8M
$18.9M

Beside its peers

Short-term acute care hospitals in Michigan with 50 to 99 beds, each on fiscal year 2005.

HospitalBedsNet patient revenueOperating expensesMargin
Ionia County Memorial Hospital60$17,751,010$18,937,296−6.7%
Huron Memorial Hospital, Bad Axe64$27,837,973$27,809,5310.1%
Corewell Health Ludington Hospital, Ludington66$47,869,558$48,227,359−0.8%
Munson Healthcare Grayling, Grayling58$52,122,792$53,159,155−2.0%
Mymichigan Medical Center Clare, Clare64$39,284,923$31,316,21020.3%
Corewell Health Zeeland Hospital, Zeeland60$32,884,540$33,660,567−2.4%

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Figures: CMS Healthcare Cost Report Information System, file HOSPFY2004.ZIP, form CMS-2552-96, filed under CMS certification number 230027.

How this page was built: the CMS Medicare cost report, file HOSPFY2004.ZIP, read September 19, 2006.