Velarion Records

Short-term acute care hospital · Stuart, Virginia · 52 beds · CMS certification number 490054

R.J. Reynolds-Patrick Co Hosp

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended February 28, 2001, settled, stamped by CMS September 29, 2003. Six years on file, every one shown below.

Fiscal 2001 at a glance

Net patient revenue
$3.2M
$3,181,460 · G-3 line 3
Operating expenses
$4.1M
$4,127,986 · G-3 line 4
Result from patient care
−$947K
−$946,526 · G-3 line 5
Margin on patient care
−29.8%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue fell from $9.6M in its first year on file (1996) to $3.2M in 2001.
  • Its result from patient care: −$5.4M (1999), −$3.2M (2000), −$947K (2001).
  • 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 2001.

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

Six years of filings

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

Net patient revenueOperating expenses
1996
settled with audit
$9.6M
$10.8M
1997
reopened
$8.5M
$10.7M
1998
reopened
$10.3M
$12.3M
1999
reopened
$9.6M
$15.0M
2000
settled
$8.4M
$11.6M
2001
settled
$3.2M
$4.1M

Beside its peers

Short-term acute care hospitals in Virginia with 50 to 99 beds, each on fiscal year 2001.

HospitalBedsNet patient revenueOperating expensesMargin
R.J. Reynolds-Patrick Co Hosp52$3,181,460$4,127,986−29.8%
Bedford Memorial Hospital, Bedford50$21,491,434$20,925,1902.6%
Russell County Hospital, Lebanon58$84,477,285$30,182,64764.3%
Smyth County Community Hospital, Marion54$37,103,255$34,179,4727.9%
St. Mary S Hospital of Norton, Norton54$25,986,194$27,500,024−5.8%
Carilion Tazewell Community Hospital, Tazewell56$9,107,223$9,088,5840.2%

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Figures: CMS Healthcare Cost Report Information System, file HOSPFY2001.ZIP, form CMS-2552-96, filed under CMS certification number 490054.

How this page was built: the CMS Medicare cost report, file HOSPFY2001.ZIP, read September 29, 2003.