Velarion Records

Short-term acute care hospital · Townshend, Vermont · 17 beds · CMS certification number 470020

Grace Cottage Hospital

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended September 30, 2000, settled with audit, stamped by CMS March 3, 2003. Five years on file, every one shown below.

Fiscal 2000 at a glance

Net patient revenue
$7.7M
$7,730,255 · G-3 line 3
Operating expenses
$8.0M
$7,994,634 · G-3 line 4
Result from patient care
−$264K
−$264,379 · G-3 line 5
Margin on patient care
−3.4%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue rose from $4.0M in its first year on file (1996) to $7.7M in 2000.
  • Its result from patient care: −$405K (1998), −$791K (1999), −$264K (2000).
  • All 5 short-term acute care hospital peers below with a margin on file also report a loss on patient care for fiscal year 2000.

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

Five years of filings

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

Net patient revenueOperating expenses
1996
reopened
$4.0M
$4.4M
1997
reopened
$5.1M
$5.2M
1998
reopened
$6.1M
$6.5M
1999
reopened
$6.5M
$7.3M
2000
settled with audit
$7.7M
$8.0M

Beside its peers

Hospitals of the same type (short-term acute care hospital), nearest in size, from Vermont first; each on fiscal year 2000.

HospitalBedsNet patient revenueOperating expensesMargin
Grace Cottage Hospital17$7,730,255$7,994,634−3.4%
Copley Hospital, Morrisville43$23,763,344$24,630,968−3.6%
Mt. Ascutney Hospital, Windsor23$14,641,898$15,741,316−7.5%
Northeastern VT Regional Hospital, St. Johnsbury44$24,625,594$26,303,246−6.8%
Porter Hospital, Middlebury45$26,771,160$28,474,647−6.4%
Springfield Hospital, Springfield43$30,482,732$30,722,573−0.8%

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Figures: CMS Healthcare Cost Report Information System, file HOSPFY2000.ZIP, form CMS-2552-96, filed under CMS certification number 470020.

How this page was built: the CMS Medicare cost report, file HOSPFY2000.ZIP, read March 3, 2003.