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Short-term acute care hospital · Valdese, North Carolina · 131 beds · CMS certification number 340055

Valdese General Hospital

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended November 30, 2012, reopened, stamped by CMS February 28, 2025. Seventeen years on file, every one shown below.

Fiscal 2012 at a glance

Net patient revenue
$72.0M
$72,041,428 · G-3 line 3
Operating expenses
$68.5M
$68,523,827 · G-3 line 4
Result from patient care
$3.5M
$3,517,601 · G-3 line 5
Margin on patient care
4.9%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue rose from $24.4M in its first year on file (1996) to $72.0M in 2012.
  • Its result from patient care: −$3.5M (2010), $2.2M (2011), $3.5M (2012).
  • None of the 5 short-term acute care hospital peers below with a margin on file reports a gain on patient care for fiscal year 2012.
  • Medicaid paid for 10.2% of its inpatient days and Medicare for 55.5%.

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

Seventeen years of filings

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

Net patient revenueOperating expenses
1996
reopened
$24.4M
$25.1M
1997
reopened
$25.2M
$26.6M
1998
settled
$27.6M
$29.4M
1999
settled
$30.2M
$30.6M
2000
settled
$31.4M
$33.5M
2001
settled
$36.9M
$36.4M
2002
settled
$40.8M
$38.2M
2003
settled
$38.6M
$40.1M
2004
reopened
$43.2M
$43.1M
2005
reopened
$48.7M
$46.3M
2006
reopened
$54.0M
$52.1M
2007
reopened
$60.3M
$56.3M
2008
reopened
$67.7M
$64.3M
2009
reopened
$63.3M
$65.6M
2010
reopened
$63.3M
$66.7M
2011
settled with audit
$71.0M
$68.7M
2012
reopened
$72.0M
$68.5M

Beside its peers

Short-term acute care hospitals in North Carolina with 100 to 199 beds, each on fiscal year 2012.

HospitalBedsNet patient revenueOperating expensesMargin
Valdese General Hospital131$72,041,428$68,523,8274.9%
UNC Health Blue Ridge, Morganton136$134,706,951$137,675,417−2.2%
Central Carolina Hospital, Sanford127$66,148,338$68,990,091−4.3%
Randolph Health, Asheboro145$94,683,075$109,364,557−15.5%
Rutherford Regional Medical Center, Rutherfordton129$80,776,686$87,478,643−8.3%
Sentara Albemarle Regional Medical Center, Elizabeth City142$123,478,531$127,208,472−3.0%

Patients and payers

Discharges
1,906
S-3 line 14, col 15
Inpatient days
7,408
S-3 line 14, col 8
Beds in use, on an average day
22.2
days ÷ days in year
Occupancy
16.9%
days ÷ bed days
Medicare share of days
55.5%
S-3 cols 6 ÷ 8
Medicaid share of days
10.2%
S-3 cols 7 ÷ 8

Who owns it

Type of control on its cost report: governmental, hospital district.

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Figures: CMS Healthcare Cost Report Information System, file HOSP10FY2012.ZIP, form CMS-2552-10, filed under CMS certification number 340055. Patients and payers: worksheet S-3 Part I of the same filing.

How this page was built: the CMS Medicare cost report, file HOSP10FY2012.ZIP, read February 28, 2025.