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Short-term acute care hospital · Erwin, North Carolina · 43 beds · CMS certification number 340124

Good Hope Hospital

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended April 11, 2006, reopened, stamped by CMS November 14, 2007. Eleven years on file, every one shown below.

Fiscal 2006 at a glance

Net patient revenue
$2.4M
$2,366,653 · G-3 line 3
Operating expenses
$5.4M
$5,447,349 · G-3 line 4
Result from patient care
−$3.1M
−$3,080,696 · G-3 line 5
Margin on patient care
−130.2%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue fell from $13.1M in its first year on file (1996) to $2.4M in 2006.
  • Its result from patient care: −$1.6M (2004), −$1.9M (2005), −$3.1M (2006).
  • 2 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 2006.

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

Eleven years of filings

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

Net patient revenueOperating expenses
1996
reopened
$13.1M
$11.4M
1997
settled
$16.3M
$13.5M
1998
settled
$17.0M
$15.7M
1999
settled
$16.8M
$15.7M
2000
as submitted
$17.0M
$15.9M
2001
settled
$16.5M
$16.9M
2002
settled
$18.2M
$17.0M
2003
settled
$15.8M
$17.4M
2004
settled
$20.8M
$22.4M
2005
reopened
$13.5M
$15.4M
2006
reopened
$2.4M
$5.4M

Beside its peers

Short-term acute care hospitals in North Carolina with 25 to 49 beds, each on fiscal year 2006.

HospitalBedsNet patient revenueOperating expensesMargin
Good Hope Hospital43$2,366,653$5,447,349−130.2%
Angel Medical Center, Franklin43$38,180,054$39,151,145−2.5%
Kings Mountain Hospital, Kings Mountain42$33,888,106$32,652,2303.6%
Martin General Hospital, Williamston44$25,960,264$25,703,4201.0%
Spruce Pine Community Hospital, Spruce Pine49$28,361,192$27,576,0782.8%
Mission Hospital McDowell, Marion49$29,147,812$29,285,803−0.5%

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Figures: CMS Healthcare Cost Report Information System, file HOSPFY2006.ZIP, form CMS-2552-96, filed under CMS certification number 340124.

How this page was built: the CMS Medicare cost report, file HOSPFY2006.ZIP, read November 14, 2007.