Velarion Records

Short-term acute care hospital · Grand Rapids, Michigan · 146 beds · CMS certification number 230276

LTACH & Acd

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended December 31, 2000, settled, stamped by CMS December 18, 2003. Five years on file, every one shown below.

Fiscal 2000 at a glance

Net patient revenue
$16.5M
$16,512,774 · G-3 line 3
Operating expenses
$23.3M
$23,314,689 · G-3 line 4
Result from patient care
−$6.8M
−$6,801,915 · G-3 line 5
Margin on patient care
−41.2%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue fell from $19.9M in its first year on file (1996) to $16.5M in 2000.
  • Its result from patient care: −$581K (1998), −$1.1M (1999), −$6.8M (2000).
  • 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 2000.

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

Five years of filings

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

Net patient revenueOperating expenses
1996
settled
$19.9M
$20.7M
1997
settled with audit
$20.1M
$21.0M
1998
settled
$21.9M
$22.5M
1999
settled
$4.6M
$5.7M
2000
settled
$16.5M
$23.3M

Beside its peers

Short-term acute care hospitals in Michigan with 100 to 199 beds, each on fiscal year 2000.

HospitalBedsNet patient revenueOperating expensesMargin
LTACH & Acd146$16,512,774$23,314,689−41.2%
Bi-County Community Hospital, Warren137$76,786,580$79,255,845−3.2%
Corewell Health Taylor Hospital, Taylor139$64,660,770$76,443,802−18.2%
Huron Valley-Sinai Hospital, Commerce Township150$89,547,000$92,516,632−3.3%
Promedica Monroe Regional Hospital, Monroe159$76,306,058$73,599,1943.5%
University of Michigan Health - West, Grand Rapids161$77,005,252$83,458,046−8.4%

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Figures: CMS Healthcare Cost Report Information System, file HOSPFY2000.ZIP, form CMS-2552-96, filed under CMS certification number 230276.

How this page was built: the CMS Medicare cost report, file HOSPFY2000.ZIP, read December 18, 2003.