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Short-term acute care hospital · Brooklyn, New York · 196 beds · CMS certification number 330242

Victory Memorial Hospital

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended June 4, 2008, reopened, stamped by CMS September 25, 2024. Thirteen years on file, every one shown below.

Fiscal 2008 at a glance

Net patient revenue
$44.8M
$44,825,147 · G-3 line 3
Operating expenses
$85.3M
$85,341,299 · G-3 line 4
Result from patient care
−$40.5M
−$40,516,152 · G-3 line 5
Margin on patient care
−90.4%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue fell from $83.1M in its first year on file (1996) to $44.8M in 2008.
  • Its result from patient care: −$14.0M (2006), −$18.9M (2007), −$40.5M (2008).
  • All 5 short-term acute care hospital peers below with a margin on file also report a loss on patient care for fiscal year 2008.

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

Thirteen years of filings

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

Net patient revenueOperating expenses
1996
reopened
$83.1M
$87.2M
1997
settled with audit
$83.3M
$94.9M
1998
reopened
$82.2M
$85.0M
1999
settled with audit
$86.0M
$87.9M
2000
settled with audit
$87.6M
$92.2M
2001
settled with audit
$93.1M
$95.2M
2002
settled with audit
$100.5M
$102.9M
2003
settled
$106.7M
$108.1M
2004
settled
$110.6M
$116.4M
2005
reopened
$104.6M
$121.3M
2006
reopened
$111.2M
$125.1M
2007
settled
$87.6M
$106.5M
2008
reopened
$44.8M
$85.3M

Beside its peers

Short-term acute care hospitals in New York with 100 to 199 beds, each on fiscal year 2008.

HospitalBedsNet patient revenueOperating expensesMargin
Victory Memorial Hospital196$44,825,147$85,341,299−90.4%
Arnot Ogden Medical Center, Elmira196$174,116,618$203,823,248−17.1%
John T Mather Memorial Hospital, Pt Jefferson195$192,813,504$203,389,034−5.5%
Metropolitan Hospital Center, New York195$268,040,395$322,750,110−20.4%
Montefiore New Rochelle Hospital, New Rochelle199$149,958,980$173,722,817−15.8%
UPMC Chautauqua Wca, Jamestown197$93,004,816$95,527,074−2.7%

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Figures: CMS Healthcare Cost Report Information System, file HOSPFY2008.ZIP, form CMS-2552-96, filed under CMS certification number 330242.

How this page was built: the CMS Medicare cost report, file HOSPFY2008.ZIP, read September 25, 2024.