Velarion Records

Short-term acute care hospital · Jasper, Texas · 54 beds · CMS certification number 450750

Lakes Regional Medical Center

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended June 30, 1998, settled, stamped by CMS October 31, 2000. Two years on file, every one shown below.

Fiscal 1998 at a glance

Net patient revenue
$5.7M
$5,686,730 · G-3 line 3
Operating expenses
$6.5M
$6,544,903 · G-3 line 4
Result from patient care
−$858K
−$858,173 · G-3 line 5
Margin on patient care
−15.1%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue fell from $7.4M in its first year on file (1997) to $5.7M in 1998.
  • Its result from patient care: −$342K (1997), −$858K (1998).
  • 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 1998.

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

Two years of filings

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

Net patient revenueOperating expenses
1997
settled with audit
$7.4M
$7.7M
1998
settled
$5.7M
$6.5M

Beside its peers

Short-term acute care hospitals in Texas with 50 to 99 beds, each on fiscal year 1998.

HospitalBedsNet patient revenueOperating expensesMargin
Lakes Regional Medical Center54$5,686,730$6,544,903−15.1%
Cuero Regional Hospital, Cuero55$16,130,191$18,454,088−14.4%
Memorial Hospital of Center, Center56$10,021,553$8,590,99414.3%
Tyler County Hospital District, Woodville55$4,011,465$4,869,003−21.4%
Uvalde Memorial Hospital Authority, Uvalde54$19,013,905$17,261,5539.2%
Wilbarger General Hospital, Vernon54$11,559,957$11,467,3530.8%

Follow this hospital, free

We send this record now and tell you when it files again.

More short-term acute care hospitals in Texas

From the publisher of Velarion Records

Velarion Intel

Independent Decision-Grade Intelligence

Compensation and corporate governance intelligence for advisors, investors and companies. Executive and board pay for public companies, benchmarked against peers.

See what Intel shows

Figures: CMS Healthcare Cost Report Information System, file HOSPFY1997.ZIP, form CMS-2552-96, filed under CMS certification number 450750.

How this page was built: the CMS Medicare cost report, file HOSPFY1997.ZIP, read October 31, 2000.