Velarion Records

Short-term acute care hospital · St. Ignace, Michigan · 16 beds · CMS certification number 230162

Mackinac Straits Hosp & Health CTR.

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended April 25, 2000, settled, stamped by CMS September 27, 2002. Four years on file, every one shown below.

Fiscal 2000 at a glance

Net patient revenue
$9.3M
$9,346,193 · G-3 line 3
Operating expenses
$10.8M
$10,776,561 · G-3 line 4
Result from patient care
−$1.4M
−$1,430,368 · G-3 line 5
Margin on patient care
−15.3%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue rose from $7.4M in its first year on file (1997) to $9.3M in 2000.
  • Its result from patient care: −$719K (1998), −$839K (1999), −$1.4M (2000).
  • 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 2000.

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
1997
settled
$7.4M
$7.8M
1998
settled
$7.8M
$8.5M
1999
settled
$8.0M
$8.8M
2000
settled
$9.3M
$10.8M

Beside its peers

Short-term acute care hospitals in Michigan with under 25 beds, each on fiscal year 2000.

HospitalBedsNet patient revenueOperating expensesMargin
Mackinac Straits Hosp & Health CTR.16$9,346,193$10,776,561−15.3%
Bronson Vicksburg Hospital, Kalamazoo18$9,163,409$8,441,0407.9%
Deckerville Community Hospital, Deckerville15$3,716,767$4,372,974−17.7%
Eaton Rapids Medical Center, Eaton Rapids21$9,339,090$8,754,6456.3%
Harbor Beach Community Hospital, Harbor Beach21$6,236,337$8,256,026−32.4%
Insight Surgical Hospital, Warren13$5,227,258$5,982,017−14.4%

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More short-term acute care hospitals in Michigan

Figures: CMS Healthcare Cost Report Information System, file HOSPFY1999.ZIP, form CMS-2552-96, filed under CMS certification number 230162.

How this page was built: the CMS Medicare cost report, file HOSPFY1999.ZIP, read September 27, 2002.