Velarion Records

Short-term acute care hospital · Kings Mountain, North Carolina · 51 beds · CMS certification number 340037

Atrium Health Kings Mountain

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended August 1, 2019, settled, stamped by CMS June 22, 2023. 24 years on file, every one shown below.

Fiscal 2019 at a glance

Net patient revenue
$23.4M
$23,373,026 · G-3 line 3
Operating expenses
$23.2M
$23,197,646 · G-3 line 4
Result from patient care
$175K
$175,380 · G-3 line 5
Margin on patient care
0.8%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue rose from $9.2M in its first year on file (1996) to $23.4M in 2019.
  • Its result from patient care: −$2.6M (2017), −$2.3M (2018), $175K (2019).
  • 2 of the 5 short-term acute care hospital peers below with a margin on file also report a gain on patient care for fiscal year 2019.

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

24 years of filings

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

Net patient revenueOperating expenses
1996
reopened
$9.2M
$10.1M
1997
reopened
$10.9M
$10.6M
1998
reopened
$11.0M
$10.8M
1999
settled
$11.6M
$11.3M
2000
settled
$15.4M
$15.5M
2001
settled
$18.6M
$17.8M
2002
settled
$20.8M
$19.9M
2003
reopened
$24.8M
$22.3M
2004
reopened
$27.0M
$27.0M
2005
reopened
$29.4M
$29.2M
2006
reopened
$33.9M
$32.7M
2007
reopened
$37.3M
$37.1M
2008
reopened
$38.2M
$40.3M
2009
reopened
$42.9M
$42.4M
2010
reopened
$40.6M
$41.4M
2011
reopened
$41.5M
$41.2M
2012
reopened
$41.0M
$41.1M
2013
reopened
$34.7M
$33.8M
2014
reopened
$36.2M
$34.7M
2015
settled
$37.7M
$33.6M
2016
settled
$40.8M
$39.6M
2017
settled
$40.0M
$42.6M
2018
reopened
$40.0M
$42.4M
2019
settled
$23.4M
$23.2M

Beside its peers

Short-term acute care hospitals in North Carolina with 50 to 99 beds, each on fiscal year 2019.

HospitalBedsNet patient revenueOperating expensesMargin
Atrium Health Kings Mountain51$23,373,026$23,197,6460.8%
Adventhealth Hendersonville, Hendersonville73$208,555,453$194,903,1196.6%
Novant Health Brunswick Medical Center, Bolivia58$104,004,106$99,258,6114.6%
Sampson Regional Medical Center, Clinton59$63,029,613$64,422,445−2.2%
Vidant Beaufort Hospital, Washington72$83,867,507$88,679,624−5.7%
ECU Health Roanoke Chowan Hospital, Ahoskie70$85,039,232$88,798,854−4.4%

Follow this hospital, free

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

More short-term acute care hospitals in North Carolina

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 HOSP10FY2019.ZIP, form CMS-2552-10, filed under CMS certification number 340037.

How this page was built: the CMS Medicare cost report, file HOSP10FY2019.ZIP, read June 22, 2023.