Velarion Records

Short-term acute care hospital · Bad Axe, Michigan · 31 beds · CMS certification number 230118

McLaren Thumb Region

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended January 29, 2021, settled, stamped by CMS November 7, 2024. 26 years on file, every one shown below.

Fiscal 2021 at a glance

Net patient revenue
$13.7M
$13,651,448 · G-3 line 3
Operating expenses
$14.9M
$14,905,262 · G-3 line 4
Result from patient care
−$1.3M
−$1,253,814 · G-3 line 5
Margin on patient care
−9.2%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue fell from $18.3M in its first year on file (1996) to $13.7M in 2021.
  • Its result from patient care: $2.6M (2019), −$7.5M (2020), −$1.3M (2021).
  • 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 2021.

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

26 years of filings

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

Net patient revenueOperating expenses
1996
settled
$18.3M
$17.4M
1997
settled
$21.8M
$19.4M
1998
settled with audit
$22.4M
$20.8M
1999
settled
$21.4M
$21.1M
2000
settled
$21.4M
$22.6M
2001
settled
$23.5M
$23.6M
2002
settled
$24.9M
$24.5M
2003
settled
$25.3M
$26.4M
2004
settled
$26.5M
$26.2M
2005
reopened
$27.8M
$27.8M
2006
settled
$29.7M
$30.3M
2007
settled
$29.5M
$30.0M
2008
reopened
$30.7M
$32.6M
2009
reopened
$31.7M
$32.8M
2010
settled
$33.0M
$35.5M
2011
reopened
$35.3M
$35.4M
2012
settled
$39.9M
$41.8M
2013
reopened
$41.1M
$44.1M
2014
settled
$41.1M
$44.7M
2015
settled
$41.1M
$43.4M
2016
settled
$41.7M
$44.9M
2017
settled
$41.3M
$44.2M
2018
settled
$46.6M
$47.7M
2019
settled
$49.3M
$46.7M
2020
settled
$34.8M
$42.3M
2021
settled
$13.7M
$14.9M

Beside its peers

Short-term acute care hospitals in Michigan with 25 to 49 beds, each on fiscal year 2021.

HospitalBedsNet patient revenueOperating expensesMargin
McLaren Thumb Region31$13,651,448$14,905,262−9.2%
Corewell Health Watervliet Hospital, Watervliet26$46,766,508$42,471,2759.2%
Munson Healthcare Grayling, Grayling42$85,782,393$90,363,268−5.3%
Trinity Health Grand Haven Hospital, Grand Haven36$45,333,895$53,553,500−18.1%
Up Health System Portage, Hancock36$69,781,279$77,643,589−11.3%
Straith Hospital for Special Surgery, Southfield34$11,966,785$16,396,406−37.0%

Follow this hospital, free

We send this record now and tell you when it files again.

More short-term acute care hospitals in Michigan

From the publisher of Velarion Records

Velarion Intel

Independent Decision-Grade Intelligence

Compensation and corporate governance intelligence for advisors, investors and companies. Executive and board pay for public companies, benchmarked against peers.

See what Intel shows

Figures: CMS Healthcare Cost Report Information System, file HOSP10FY2021.ZIP, form CMS-2552-10, filed under CMS certification number 230118.

How this page was built: the CMS Medicare cost report, file HOSP10FY2021.ZIP, read November 7, 2024.