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Short-term acute care hospital · Hastings, Michigan · 25 beds · CMS certification number 230040

Spectrum Health Pennock

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended February 11, 2019, settled, stamped by CMS July 20, 2021. 24 years on file, every one shown below.

Fiscal 2019 at a glance

Net patient revenue
$46.3M
$46,262,420 · G-3 line 3
Operating expenses
$46.9M
$46,916,079 · G-3 line 4
Result from patient care
−$654K
−$653,659 · G-3 line 5
Margin on patient care
−1.4%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue rose from $26.9M in its first year on file (1996) to $46.3M in 2019.
  • Its result from patient care: −$8.2M (2017), −$7.6M (2018), −$654K (2019).
  • 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 2019.

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

24 years of filings

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

Net patient revenueOperating expenses
1996
settled
$26.9M
$22.8M
1997
reopened
$30.5M
$25.1M
1998
settled with audit
$33.3M
$30.6M
1999
settled
$30.9M
$31.2M
2000
reopened
$33.1M
$32.1M
2001
settled
$36.8M
$35.6M
2002
settled
$39.2M
$38.5M
2003
reopened
$42.8M
$42.0M
2004
settled
$45.6M
$44.0M
2005
settled
$47.4M
$45.3M
2006
settled
$47.7M
$49.9M
2007
settled
$51.4M
$50.7M
2008
settled
$54.2M
$53.4M
2009
settled
$53.4M
$54.9M
2010
settled
$54.8M
$55.4M
2011
reopened
$56.4M
$55.7M
2012
reopened
$56.5M
$56.5M
2013
settled
$53.4M
$57.1M
2014
settled
$56.0M
$63.0M
2015
settled
$62.4M
$70.6M
2016
settled
$49.2M
$54.0M
2017
settled
$67.2M
$75.5M
2018
settled
$68.1M
$75.7M
2019
settled
$46.3M
$46.9M

Beside its peers

Short-term acute care hospitals in Michigan with 25 to 49 beds, each on fiscal year 2019.

HospitalBedsNet patient revenueOperating expensesMargin
Spectrum Health Pennock25$46,262,420$46,916,079−1.4%
Dickinson County Healthcare System, Iron Mountain33$98,504,754$103,059,893−4.6%
Corewell Health Watervliet Hospital, Watervliet26$52,616,511$49,853,1575.3%
McLaren Thumb Region, Bad Axe33$49,307,194$46,739,9635.2%
Up Health System Portage, Hancock36$64,162,004$71,038,809−10.7%
Straith Hospital for Special Surgery, Southfield34$16,755,541$15,675,5186.5%

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Figures: CMS Healthcare Cost Report Information System, file HOSP10FY2018.ZIP, form CMS-2552-10, filed under CMS certification number 230040.

How this page was built: the CMS Medicare cost report, file HOSP10FY2018.ZIP, read July 20, 2021.