Velarion Records

Short-term acute care hospital · Marion, Ohio · 142 beds · CMS certification number 360028

Medcenter Hospital

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended March 12, 1999, reopened, stamped by CMS April 6, 2002. Three years on file, every one shown below.

Fiscal 1999 at a glance

Net patient revenue
$16.5M
$16,537,677 · G-3 line 3
Operating expenses
$18.9M
$18,879,518 · G-3 line 4
Result from patient care
−$2.3M
−$2,341,841 · G-3 line 5
Margin on patient care
−14.2%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue fell from $29.7M in its first year on file (1997) to $16.5M in 1999.
  • Its result from patient care: −$1.7M (1997), $99K (1998), −$2.3M (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.

Three years of filings

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

Net patient revenueOperating expenses
1997
reopened
$29.7M
$31.4M
1998
settled
$11.5M
$11.4M
1999
reopened
$16.5M
$18.9M

Beside its peers

Short-term acute care hospitals in Ohio with 100 to 199 beds, each on fiscal year 1999.

HospitalBedsNet patient revenueOperating expensesMargin
Medcenter Hospital142$16,537,677$18,879,518−14.2%
Deaconess Hospital of Cleveland, Cleveland154$30,799,491$44,817,484−45.5%
Grady Memorial Hospital, Delaware153$34,786,842$34,792,665−0.0%
Marietta Memorial Hospital, Marietta142$59,347,849$56,878,7234.2%
Mercy Health - Anderson Hospital, Cincinnati156$81,074,044$76,226,8536.0%
MH St. Joseph Warren Hospital, Warren142$66,667,012$70,472,458−5.7%

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Figures: CMS Healthcare Cost Report Information System, file HOSPFY1998.ZIP, form CMS-2552-96, filed under CMS certification number 360028.

How this page was built: the CMS Medicare cost report, file HOSPFY1998.ZIP, read April 6, 2002.