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Short-term acute care hospital · Rockingham, North Carolina · 96 beds · CMS certification number 340035

Firsthealth Richmond Memorial Hosp

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended July 29, 2009, reopened, stamped by CMS July 19, 2024. Fourteen years on file, every one shown below.

Fiscal 2009 at a glance

Net patient revenue
$32.8M
$32,763,904 · G-3 line 3
Operating expenses
$34.3M
$34,274,755 · G-3 line 4
Result from patient care
−$1.5M
−$1,510,851 · G-3 line 5
Margin on patient care
−4.6%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue fell from $34.1M in its first year on file (1996) to $32.8M in 2009.
  • Its result from patient care: −$258K (2007), −$2.0M (2008), −$1.5M (2009).
  • 4 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 2009.

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

Fourteen years of filings

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

Net patient revenueOperating expenses
1996
settled with audit
$34.1M
$29.6M
1997
settled
$36.8M
$35.8M
1998
settled
$39.0M
$40.0M
1999
settled
$32.7M
$36.6M
2000
reopened
$35.0M
$36.1M
2001
reopened
$18.5M
$20.0M
2002
settled
$34.0M
$35.9M
2003
settled
$33.6M
$35.5M
2004
settled
$36.4M
$36.7M
2005
reopened
$37.8M
$37.8M
2006
reopened
$39.3M
$40.2M
2007
settled
$41.4M
$41.6M
2008
reopened
$40.4M
$42.5M
2009
reopened
$32.8M
$34.3M

Beside its peers

Short-term acute care hospitals in North Carolina with 50 to 99 beds, each on fiscal year 2009.

HospitalBedsNet patient revenueOperating expensesMargin
Firsthealth Richmond Memorial Hosp96$32,763,904$34,274,755−4.6%
Beaufort County Hospital, Washington94$74,928,723$77,181,505−3.0%
Maria Parham Health, Henderson91$71,127,429$73,352,460−3.1%
Scotland Memorial Hospital, Laurinburg97$117,243,163$114,342,8972.5%
Atrium Health Stanly, Albemarle94$91,492,699$93,930,663−2.7%
Watauga Medical Center, Boone94$82,352,126$96,442,056−17.1%

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Figures: CMS Healthcare Cost Report Information System, file HOSPFY2009.ZIP, form CMS-2552-96, filed under CMS certification number 340035.

How this page was built: the CMS Medicare cost report, file HOSPFY2009.ZIP, read July 19, 2024.