Velarion Records

Short-term acute care hospital · Sidney, Nebraska · 67 beds · CMS certification number 280015

Memorial Health Center

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended October 31, 2002, as submitted, stamped by CMS May 27, 2003. Seven years on file, every one shown below.

Fiscal 2002 at a glance

Net patient revenue
$10.5M
$10,465,593 · G-3 line 3
Operating expenses
$11.3M
$11,255,891 · G-3 line 4
Result from patient care
−$790K
−$790,298 · G-3 line 5
Margin on patient care
−7.5%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue rose from $9.4M in its first year on file (1996) to $10.5M in 2002.
  • Its result from patient care: −$384K (2000), −$681K (2001), −$790K (2002).
  • 1 of the 5 short-term acute care hospital peers below with a margin on file also reports a loss on patient care for fiscal year 2002.

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

Seven years of filings

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

Net patient revenueOperating expenses
1996
settled
$9.4M
$9.1M
1997
settled
$10.5M
$10.3M
1998
settled
$11.1M
$11.5M
1999
reopened
$10.2M
$10.7M
2000
settled
$12.2M
$12.5M
2001
settled
$12.0M
$12.7M
2002
as submitted
$10.5M
$11.3M

Beside its peers

Hospitals of the same type (short-term acute care hospital), nearest in size, from Nebraska first; each on fiscal year 2002.

HospitalBedsNet patient revenueOperating expensesMargin
Memorial Health Center67$10,465,593$11,255,891−7.5%
Columbus Community Hospital, Columbus Nebraska61$27,267,450$26,607,8072.4%
Faith Health, Norfolk102$59,217,742$63,692,610−7.6%
Methodist Fremont Health, Fremont94$62,259,428$57,559,8597.5%
Great Plains Health, North Platte77$75,265,217$72,222,2154.0%
Phelps Memorial Health Center, Holdrege49$13,964,746$13,003,7316.9%

Follow this hospital, free

We send this record now and tell you when it files again.

More short-term acute care hospitals in Nebraska

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 HOSPFY2002.ZIP, form CMS-2552-96, filed under CMS certification number 280015.

How this page was built: the CMS Medicare cost report, file HOSPFY2002.ZIP, read May 27, 2003.