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Short-term acute care hospital · Manistique, Michigan · 38 beds · CMS certification number 230115

Schoolcraft Memorial Hospital

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended December 31, 1999, reopened, stamped by CMS December 16, 2004. Four years on file, every one shown below.

Fiscal 1999 at a glance

Net patient revenue
$9.4M
$9,445,182 · G-3 line 3
Operating expenses
$10.2M
$10,154,586 · G-3 line 4
Result from patient care
−$709K
−$709,404 · G-3 line 5
Margin on patient care
−7.5%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue rose from $7.4M in its first year on file (1996) to $9.4M in 1999.
  • Its result from patient care: −$474K (1997), −$310K (1998), −$709K (1999).
  • 4 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 1999.

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

Four years of filings

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

Net patient revenueOperating expenses
1996
settled
$7.4M
$7.6M
1997
reopened
$7.6M
$8.0M
1998
settled
$8.7M
$9.0M
1999
reopened
$9.4M
$10.2M

Beside its peers

Short-term acute care hospitals in Michigan with 25 to 49 beds, each on fiscal year 1999.

HospitalBedsNet patient revenueOperating expensesMargin
Schoolcraft Memorial Hospital38$9,445,182$10,154,586−7.5%
Eaton Rapids Community Hospital, Eaton Rapids41$8,503,257$7,973,0096.2%
Helen Newberry Joy Hospital, Newberry38$12,481,760$12,951,514−3.8%
Keweenaw Memorial Medical Center, Laurium41$17,032,685$17,579,139−3.2%
Ontonagon Memorial Hospital, Ontonagon38$6,307,892$6,561,024−4.0%
Three Rivers Health, Three Rivers40$23,413,215$23,472,603−0.3%

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Figures: CMS Healthcare Cost Report Information System, file HOSPFY1999.ZIP, form CMS-2552-96, filed under CMS certification number 230115.

How this page was built: the CMS Medicare cost report, file HOSPFY1999.ZIP, read December 16, 2004.