Velarion Records

Short-term acute care hospital · Edenton, North Carolina · 50 beds · CMS certification number 340065

Chowan Hospital

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended May 26, 2004, settled, stamped by CMS June 6, 2006. Nine years on file, every one shown below.

Fiscal 2004 at a glance

Net patient revenue
$18.8M
$18,810,965 · G-3 line 3
Operating expenses
$20.8M
$20,834,674 · G-3 line 4
Result from patient care
−$2.0M
−$2,023,709 · G-3 line 5
Margin on patient care
−10.8%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue fell from $19.3M in its first year on file (1996) to $18.8M in 2004.
  • Its result from patient care: −$291K (2002), −$3.7M (2003), −$2.0M (2004).
  • 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 2004.

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

Nine years of filings

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

Net patient revenueOperating expenses
1996
reopened
$19.3M
$19.4M
1997
settled
$21.4M
$21.3M
1998
settled
$19.9M
$20.4M
1999
settled
$18.5M
$18.4M
2000
reopened
$23.7M
$21.9M
2001
settled
$20.5M
$22.6M
2002
settled
$24.0M
$24.3M
2003
reopened
$24.4M
$28.1M
2004
settled
$18.8M
$20.8M

Beside its peers

Short-term acute care hospitals in North Carolina with 50 to 99 beds, each on fiscal year 2004.

HospitalBedsNet patient revenueOperating expensesMargin
Chowan Hospital50$18,810,965$20,834,674−10.8%
Atrium Health Anson, Wadesboro52$23,930,743$24,801,996−3.6%
Person Memorial Hospital, Roxboro50$32,223,953$31,731,6181.5%
Presbyterian Hospital Huntersville, Huntersville50$5,009,629$8,455,070−68.8%
Stokes-Reynolds Memorial Hospital, Danbury53$10,494,737$13,928,792−32.7%
Mission Hospital McDowell, Marion55$27,508,088$31,964,000−16.2%

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Figures: CMS Healthcare Cost Report Information System, file HOSPFY2004.ZIP, form CMS-2552-96, filed under CMS certification number 340065.

How this page was built: the CMS Medicare cost report, file HOSPFY2004.ZIP, read June 6, 2006.