Velarion Records

Short-term acute care hospital · Sandusky, Ohio · 102 beds · CMS certification number 360024

FRMC South Campus

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended July 31, 2002, settled, stamped by CMS July 25, 2005. Seven years on file, every one shown below.

Fiscal 2002 at a glance

Net patient revenue
$8.8M
$8,780,863 · G-3 line 3
Operating expenses
$13.6M
$13,621,689 · G-3 line 4
Result from patient care
−$4.8M
−$4,840,826 · G-3 line 5
Margin on patient care
−55.1%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue fell from $37.8M in its first year on file (1996) to $8.8M in 2002.
  • Its result from patient care: −$6.1M (2000), −$11.2M (2001), −$4.8M (2002).
  • 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 2002.

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

Seven years of filings

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

Net patient revenueOperating expenses
1996
reopened
$37.8M
$39.2M
1997
reopened
$40.7M
$42.2M
1998
reopened
$43.6M
$44.2M
1999
settled
$41.4M
$45.3M
2000
reopened
$44.9M
$51.0M
2001
settled
$39.6M
$50.8M
2002
settled
$8.8M
$13.6M

Beside its peers

Short-term acute care hospitals in Ohio with 100 to 199 beds, each on fiscal year 2002.

HospitalBedsNet patient revenueOperating expensesMargin
FRMC South Campus102$8,780,863$13,621,689−55.1%
Ashtabula Regional Medical Center, Ashtabula103$56,839,000$66,549,677−17.1%
Mercy Health - Clermont Hospital, Batavia103$107,029,773$52,481,74751.0%
Doctors Hospital of Stark County, Massillon104$42,687,492$44,751,304−4.8%
Mercy Health - Tiffin Hospital, Tiffin105$38,569,540$35,415,5138.2%
Wilson Health, Sidney102$51,246,737$49,451,2043.5%

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Figures: CMS Healthcare Cost Report Information System, file HOSPFY2002.ZIP, form CMS-2552-96, filed under CMS certification number 360024.

How this page was built: the CMS Medicare cost report, file HOSPFY2002.ZIP, read July 25, 2005.