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Short-term acute care hospital · Andrews, North Carolina · 61 beds · CMS certification number 340054

District Memorial Hospital

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended October 12, 1999, settled, stamped by CMS September 30, 2001. Four years on file, every one shown below.

Fiscal 1999 at a glance

Net patient revenue
$9.9M
$9,878,886 · G-3 line 3
Operating expenses
$11.2M
$11,248,840 · G-3 line 4
Result from patient care
−$1.4M
−$1,369,954 · G-3 line 5
Margin on patient care
−13.9%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue rose from $8.1M in its first year on file (1996) to $9.9M in 1999.
  • Its result from patient care: −$483K (1997), −$573K (1998), −$1.4M (1999).
  • 3 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 1999.

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

Four years of filings

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

Net patient revenueOperating expenses
1996
settled
$8.1M
$8.1M
1997
settled
$9.6M
$10.1M
1998
settled
$11.1M
$11.7M
1999
settled
$9.9M
$11.2M

Beside its peers

Short-term acute care hospitals in North Carolina with 50 to 99 beds, each on fiscal year 1999.

HospitalBedsNet patient revenueOperating expensesMargin
District Memorial Hospital61$9,878,886$11,248,840−13.9%
Alexander Community Hospital, Taylorsville62$7,084,737$8,495,264−19.9%
Granville Health System, Oxford62$18,479,798$18,652,534−0.9%
Hamlet Hospital, Hamlet64$17,565,621$14,341,02718.4%
St. Lukes Hospital, Columbus59$12,685,408$13,403,856−5.7%
Wakemed Cary Hospital, Cary60$37,183,203$32,736,13112.0%

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Figures: CMS Healthcare Cost Report Information System, file HOSPFY1999.ZIP, form CMS-2552-96, filed under CMS certification number 340054.

How this page was built: the CMS Medicare cost report, file HOSPFY1999.ZIP, read September 30, 2001.