Velarion Records

Short-term acute care hospital · Lansing, Michigan · 61 beds · CMS certification number 230157

St. Lawrence Hospital

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended December 31, 1998, settled, stamped by CMS September 30, 2001. Two years on file, every one shown below.

Fiscal 1998 at a glance

Net patient revenue
$60.8M
$60,833,049 · G-3 line 3
Operating expenses
$71.5M
$71,469,049 · G-3 line 4
Result from patient care
−$10.6M
−$10,636,000 · G-3 line 5
Margin on patient care
−17.5%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue fell from $82.1M in its first year on file (1997) to $60.8M in 1998.
  • Its result from patient care: −$23.4M (1997), −$10.6M (1998).
  • 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 1998.

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

Two years of filings

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

Net patient revenueOperating expenses
1997
reopened
$82.1M
$105.4M
1998
settled
$60.8M
$71.5M

Beside its peers

Short-term acute care hospitals in Michigan with 50 to 99 beds, each on fiscal year 1998.

HospitalBedsNet patient revenueOperating expensesMargin
St. Lawrence Hospital61$60,833,049$71,469,049−17.5%
Allegan General Hospital, Allegan62$20,413,567$19,534,0864.3%
Chelsea Hospital, Chelsea62$38,872,090$42,571,082−9.5%
Corewell Health Watervliet Hospital, Watervliet55$17,451,810$17,593,288−0.8%
Grand View Hospital, Ironwood62$18,506,022$23,105,555−24.9%
Corewell Health Greenville Hospital, Greenville55$23,560,594$24,174,833−2.6%

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 HOSPFY1998.ZIP, form CMS-2552-96, filed under CMS certification number 230157.

How this page was built: the CMS Medicare cost report, file HOSPFY1998.ZIP, read September 30, 2001.