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Short-term acute care hospital · Hempstead, New York · 197 beds · CMS certification number 330333

Island Medical Center

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended December 31, 2002, settled with audit, stamped by CMS May 12, 2009. Seven years on file, every one shown below.

Fiscal 2002 at a glance

Net patient revenue
$26.7M
$26,651,125 · G-3 line 3
Operating expenses
$37.6M
$37,578,572 · G-3 line 4
Result from patient care
−$10.9M
−$10,927,447 · G-3 line 5
Margin on patient care
−41.0%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue fell from $56.5M in its first year on file (1996) to $26.7M in 2002.
  • Its result from patient care: −$12.3M (2000), −$10.5M (2001), −$10.9M (2002).
  • All 5 short-term acute care hospital peers below with a margin on file also report 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
$56.5M
$58.7M
1997
reopened
$49.0M
$58.1M
1998
settled with audit
$48.3M
$50.4M
1999
settled with audit
$19.0M
$23.8M
2000
settled with audit
$29.5M
$41.8M
2001
settled
$23.5M
$34.0M
2002
settled with audit
$26.7M
$37.6M

Beside its peers

Short-term acute care hospitals in New York with 100 to 199 beds, each on fiscal year 2002.

HospitalBedsNet patient revenueOperating expensesMargin
Island Medical Center197$26,651,125$37,578,572−41.0%
Brunswick Hospital Center, Amityville192$70,880,302$71,803,687−1.3%
Interfaith Medical Center, Brooklyn191$171,930,564$187,368,455−9.0%
Kingsbrook Jewish Medical Center, Brooklyn191$104,094,346$201,778,996−93.8%
Peninsula Hospital Center, Far Rockaway192$85,225,608$94,722,485−11.1%
Phelps Hospital, Sleepy Hollow198$89,812,233$93,260,578−3.8%

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Figures: CMS Healthcare Cost Report Information System, file HOSPFY2002.ZIP, form CMS-2552-96, filed under CMS certification number 330333.

How this page was built: the CMS Medicare cost report, file HOSPFY2002.ZIP, read May 12, 2009.