Velarion Records

Short-term acute care hospital · Biloxi, Mississippi · 155 beds · CMS certification number 250125

Gulf Coast Medical Center

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended June 30, 2007, reopened, stamped by CMS August 13, 2012. Twelve years on file, every one shown below.

Fiscal 2007 at a glance

Net patient revenue
$42.0M
$42,009,022 · G-3 line 3
Operating expenses
$43.8M
$43,758,919 · G-3 line 4
Result from patient care
−$1.7M
−$1,749,897 · G-3 line 5
Margin on patient care
−4.2%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue fell from $46.8M in its first year on file (1996) to $42.0M in 2007.
  • Its result from patient care: −$15.5M (2005), −$3.8M (2006), −$1.7M (2007).
  • 2 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 2007.

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

Twelve years of filings

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

Net patient revenueOperating expenses
1996
reopened
$46.8M
$46.2M
1997
reopened
$44.5M
$40.0M
1998
reopened
$41.2M
$42.6M
1999
settled with audit
$44.6M
$42.7M
2000
settled
$47.8M
$44.2M
2001
settled
$53.9M
$45.2M
2002
reopened
$61.8M
$56.4M
2003
reopened
$63.6M
$55.6M
2004
reopened
$43.0M
$52.3M
2005
reopened
$31.5M
$47.0M
2006
reopened
$8.7M
$12.5M
2007
reopened
$42.0M
$43.8M

Beside its peers

Short-term acute care hospitals in Mississippi with 100 to 199 beds, each on fiscal year 2007.

HospitalBedsNet patient revenueOperating expensesMargin
Gulf Coast Medical Center155$42,009,022$43,758,919−4.2%
Delta Health-the Medical Center, Greenville171$155,090,463$155,245,564−0.1%
Greenwood Leflore Hospital, Greenwood173$152,647,416$150,576,9001.4%
Magnolia Regional Health Center, Corinth144$95,114,362$92,569,8422.7%
Merit Health Natchez, Natchez147$47,236,496$50,388,046−6.7%
Northwest Mississippi Regional Medical Center, Clarksdale181$83,543,260$74,082,38611.3%

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Figures: CMS Healthcare Cost Report Information System, file HOSPFY2006.ZIP, form CMS-2552-96, filed under CMS certification number 250125.

How this page was built: the CMS Medicare cost report, file HOSPFY2006.ZIP, read August 13, 2012.