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Short-term acute care hospital · Charlevoix, Michigan · 44 beds · CMS certification number 230124

Charlevoix Area Hospital

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended March 31, 2004, settled, stamped by CMS September 19, 2006. Eight years on file, every one shown below.

Fiscal 2004 at a glance

Net patient revenue
$23.5M
$23,521,685 · G-3 line 3
Operating expenses
$24.7M
$24,709,322 · G-3 line 4
Result from patient care
−$1.2M
−$1,187,637 · G-3 line 5
Margin on patient care
−5.1%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue rose from $11.8M in its first year on file (1997) to $23.5M in 2004.
  • Its result from patient care: $323K (2002), −$1.0M (2003), −$1.2M (2004).
  • 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 2004.

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

Eight years of filings

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

Net patient revenueOperating expenses
1997
settled
$11.8M
$12.1M
1998
settled
$13.3M
$13.6M
1999
settled
$15.6M
$15.3M
2000
settled
$17.8M
$18.1M
2001
reopened
$18.9M
$19.0M
2002
settled
$20.6M
$20.3M
2003
reopened
$21.5M
$22.6M
2004
settled
$23.5M
$24.7M

Beside its peers

Short-term acute care hospitals in Michigan with 25 to 49 beds, each on fiscal year 2004.

HospitalBedsNet patient revenueOperating expensesMargin
Charlevoix Area Hospital44$23,521,685$24,709,322−5.1%
Cheboygan Memorial Hospital, Cheboygan46$38,571,701$40,804,394−5.8%
Corewell Health Watervliet Hospital, Watervliet42$24,760,830$26,674,658−7.7%
Hayes Green Beach Memorial Hospital, Charlotte45$28,623,670$28,277,1601.2%
Keweenaw Memorial Medical Center, Laurium43$19,344,542$20,557,012−6.3%
West Shore Medical Center, Manistee48$31,354,299$30,893,3751.5%

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Figures: CMS Healthcare Cost Report Information System, file HOSPFY2003.ZIP, form CMS-2552-96, filed under CMS certification number 230124.

How this page was built: the CMS Medicare cost report, file HOSPFY2003.ZIP, read September 19, 2006.