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Short-term acute care hospital · Richmond, Virginia · 60 beds · CMS certification number 490003

Richmond Eye and Ear Hospital

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended June 27, 2002, settled, stamped by CMS May 17, 2004. Seven years on file, every one shown below.

Fiscal 2002 at a glance

Net patient revenue
$6.4M
$6,407,485 · G-3 line 3
Operating expenses
$7.4M
$7,437,755 · G-3 line 4
Result from patient care
−$1.0M
−$1,030,270 · G-3 line 5
Margin on patient care
−16.1%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue fell from $7.4M in its first year on file (1996) to $6.4M in 2002.
  • Its result from patient care: −$2.9M (2000), −$4.5M (2001), −$1.0M (2002).
  • 1 of the 5 short-term acute care hospital peers below with a margin on file also reports 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
settled
$7.4M
$8.3M
1997
reopened
$7.9M
$8.1M
1998
reopened
$7.5M
$8.4M
1999
reopened
$7.3M
$8.5M
2000
settled
$7.0M
$9.9M
2001
settled
$5.0M
$9.5M
2002
settled
$6.4M
$7.4M

Beside its peers

Short-term acute care hospitals in Virginia with 50 to 99 beds, each on fiscal year 2002.

HospitalBedsNet patient revenueOperating expensesMargin
Richmond Eye and Ear Hospital60$6,407,485$7,437,755−16.1%
Lonesome Pine Hospital, Big Stone Gap60$22,964,030$23,705,673−3.2%
VCU Health Tappahannock Hospital, Tappahannock67$23,598,494$21,882,5087.3%
Riverside Walter Reed Hospital, Gloucester71$23,057,248$19,256,62516.5%
Russell County Hospital, Lebanon58$28,519,385$27,177,2324.7%
Bon Secours - Southampton Medical Center, Franklin66$35,159,024$31,792,6439.6%

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Figures: CMS Healthcare Cost Report Information System, file HOSPFY2002.ZIP, form CMS-2552-96, filed under CMS certification number 490003.

How this page was built: the CMS Medicare cost report, file HOSPFY2002.ZIP, read May 17, 2004.