Velarion Records

Short-term acute care hospital · Grand Rapids, Michigan · 285 beds · CMS certification number 230032

Spectrum Health - Blodgett Campus

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended June 30, 2001, reopened, stamped by CMS May 1, 2007. Five years on file, every one shown below.

Fiscal 2001 at a glance

Net patient revenue
$171.6M
$171,604,840 · G-3 line 3
Operating expenses
$194.7M
$194,688,229 · G-3 line 4
Result from patient care
−$23.1M
−$23,083,389 · G-3 line 5
Margin on patient care
−13.5%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue fell from $181.7M in its first year on file (1997) to $171.6M in 2001.
  • Its result from patient care: −$9.3M (1999), −$5.6M (2000), −$23.1M (2001).
  • 2 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 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
$181.7M
$173.6M
1998
reopened
$170.7M
$171.8M
1999
reopened
$162.3M
$171.6M
2000
reopened
$167.2M
$172.7M
2001
reopened
$171.6M
$194.7M

Beside its peers

Short-term acute care hospitals in Michigan with 200 to 399 beds, each on fiscal year 2001.

HospitalBedsNet patient revenueOperating expensesMargin
Spectrum Health - Blodgett Campus285$171,604,840$194,688,229−13.5%
McLaren Bay Region, Bay City295$138,636,027$157,082,039−13.3%
Beacon Kalamazoo, Kalamazoo286$274,027,403$270,931,1161.1%
Corewell Health Farmington Hills Hospital, Farmington Hills285$179,208,151$201,993,653−12.7%
McLaren Greater Lansing, Lansing286$209,181,843$207,158,5771.0%
McLaren Macomb, Mount Clemens276$211,874,213$210,556,1710.6%

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Figures: CMS Healthcare Cost Report Information System, file HOSPFY2000.ZIP, form CMS-2552-96, filed under CMS certification number 230032.

How this page was built: the CMS Medicare cost report, file HOSPFY2000.ZIP, read May 1, 2007.