Velarion Records

Short-term acute care hospital · Iron River, Michigan · 33 beds · CMS certification number 230149

Iron County Community Hospitals

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended June 30, 2004, settled, stamped by CMS January 11, 2007. Nine years on file, every one shown below.

Fiscal 2004 at a glance

Net patient revenue
$9.1M
$9,068,881 · G-3 line 3
Operating expenses
$9.2M
$9,195,939 · G-3 line 4
Result from patient care
−$127K
−$127,058 · G-3 line 5
Margin on patient care
−1.4%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue fell from $12.3M in its first year on file (1996) to $9.1M in 2004.
  • Its result from patient care: $597K (2002), −$454K (2003), −$127K (2004).
  • 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 2004.

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

Nine years of filings

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

Net patient revenueOperating expenses
1996
reopened
$12.3M
$12.5M
1997
settled
$14.6M
$14.6M
1998
reopened
$16.8M
$16.3M
1999
reopened
$18.2M
$18.8M
2000
reopened
$17.5M
$18.0M
2001
reopened
$18.8M
$18.8M
2002
settled
$18.6M
$18.0M
2003
settled
$17.8M
$18.3M
2004
settled
$9.1M
$9.2M

Beside its peers

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

HospitalBedsNet patient revenueOperating expensesMargin
Iron County Community Hospitals33$9,068,881$9,195,939−1.4%
Lakeview Community Hospital, Paw Paw33$34,920,128$33,988,8792.7%
Marlette Community Hospital, Marlette34$23,961,873$26,456,983−10.4%
Up Health System Portage, Hancock36$39,167,964$43,754,311−11.7%
Bronson South Haven Hospital, South Haven29$22,107,263$22,541,975−2.0%
Straith Hospital for Special Surgery, Southfield34$12,339,276$12,370,427−0.3%

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 HOSPFY2004.ZIP, form CMS-2552-96, filed under CMS certification number 230149.

How this page was built: the CMS Medicare cost report, file HOSPFY2004.ZIP, read January 11, 2007.