Velarion Records

Short-term acute care hospital · Raleigh, Mississippi · 19 beds · CMS certification number 250163

Patients Choice Med CNT-Smith Cnty

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended July 2, 2023, settled, stamped by CMS January 16, 2024. Sixteen years on file, every one shown below.

Fiscal 2023 at a glance

Net patient revenue
$99K
$99,466 · G-3 line 3
Operating expenses
$896K
$896,444 · G-3 line 4
Result from patient care
−$797K
−$796,978 · G-3 line 5
Margin on patient care
−801.3%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue fell from $762K in its first year on file (2010) to $99K in 2023.
  • Its result from patient care: −$1.1M (2021), −$984K (2022), −$797K (2023).
  • 3 of the 4 short-term acute care hospital peers below with a margin on file also report a loss on patient care for fiscal year 2023.

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

Sixteen years of filings

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

Net patient revenueOperating expenses
2008
reopened
not filed
not filed
2009
reopened
not filed
not filed
2010
settled
$762K
$1.7M
2011
settled
$2.0M
$2.0M
2012
settled
$2.0M
$2.0M
2013
settled
$2.1M
$2.2M
2014
settled
$2.5M
$2.5M
2015
settled
$2.4M
$2.8M
2016
settled
$2.5M
$2.7M
2017
settled
$2.2M
$2.1M
2018
settled
$2.5M
$2.6M
2019
settled
$2.8M
$2.8M
2020
settled
$2.0M
$3.4M
2021
settled
$1.8M
$2.9M
2022
settled
$1.1M
$2.1M
2023
settled
$99K
$896K

Beside its peers

Short-term acute care hospitals in Mississippi with under 25 beds, each on fiscal year 2023.

HospitalBedsNet patient revenueOperating expensesMargin
Patients Choice Med CNT-Smith Cnty19$99,466$896,444−801.3%
Alliance Healthcare System, Holly Springs20$1,421,495$2,094,075−47.3%
Beacham Memorial Hospital, Magnolia17$5,304,758$5,714,812−7.7%
Choctaw Health Center, Choctaw20$66,758,072
Highland Hills Medical Center, Senatobia15$6,753,860$6,657,9371.4%
Jasper General Hospital, Bay Springs20$15,501,238$17,884,644−15.4%

Patients and payers

Discharges
8
S-3 line 14, col 15

Who owns it

Related organizations on its own cost report: PAULETTE BUTLER (100%), building lease; PAULETTE BUTLER (100%), building lease.

Type of control on its cost report: proprietary, corporation.

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Figures: CMS Healthcare Cost Report Information System, file HOSP10FY2023.ZIP, form CMS-2552-10, filed under CMS certification number 250163. Patients and payers: worksheet S-3 Part I of the same filing.

How this page was built: the CMS Medicare cost report, file HOSP10FY2023.ZIP, read January 16, 2024.