Velarion Records

Short-term acute care hospital · Martinsville, Virginia · 208 beds · CMS certification number 490079

Memorial Hospital of Martinsville

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended September 30, 2017, settled, stamped by CMS August 25, 2021. 22 years on file, every one shown below.

Fiscal 2017 at a glance

Net patient revenue
$89.4M
$89,447,919 · G-3 line 3
Operating expenses
$83.4M
$83,389,056 · G-3 line 4
Result from patient care
$6.1M
$6,058,863 · G-3 line 5
Margin on patient care
6.8%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue rose from $50.9M in its first year on file (1996) to $89.4M in 2017.
  • Its result from patient care: $5.2M (2015), $8.8M (2016), $6.1M (2017).
  • 3 of the 5 short-term acute care hospital peers below with a margin on file also report a gain on patient care for fiscal year 2017.

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

22 years of filings

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

Net patient revenueOperating expenses
1996
settled
$50.9M
$48.6M
1997
settled
$55.2M
$51.7M
1998
settled
$61.0M
$57.6M
1999
settled
$64.3M
$60.3M
2000
settled
$66.6M
$64.9M
2001
settled
$79.5M
$76.1M
2002
reopened
$57.2M
$49.0M
2003
reopened
$88.1M
$76.5M
2004
reopened
$97.7M
$74.1M
2005
settled
$107.2M
$87.3M
2006
reopened
$103.9M
$97.1M
2007
reopened
$109.8M
$101.1M
2008
reopened
$111.4M
$102.1M
2009
reopened
$112.1M
$103.5M
2010
reopened
$123.7M
$111.2M
2011
reopened
$124.3M
$119.2M
2012
reopened
$104.7M
$100.1M
2013
reopened
$105.7M
$100.4M
2014
reopened
$113.2M
$107.7M
2015
settled
$117.3M
$112.1M
2016
reopened
$122.9M
$114.0M
2017
settled
$89.4M
$83.4M

Beside its peers

Short-term acute care hospitals in Virginia with 200 to 399 beds, each on fiscal year 2017.

HospitalBedsNet patient revenueOperating expensesMargin
Memorial Hospital of Martinsville208$89,447,919$83,389,0566.8%
Augusta Health, Fishersville209$286,804,439$254,287,00011.3%
Sovah Health, Danville215$184,198,153$180,817,0711.8%
Bon Secours Maryview Medical Center, Portsmouth212$302,928,418$356,925,648−17.8%
Bon Secours Memorial Regional Medical Center, Mechanicsville224$379,286,686$379,912,038−0.2%
Sentara Virginia Beach General Hospital, Virginia Beach233$301,780,444$257,986,73714.5%

Follow this hospital, free

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

More short-term acute care hospitals in Virginia

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 HOSP10FY2017.ZIP, form CMS-2552-10, filed under CMS certification number 490079.

How this page was built: the CMS Medicare cost report, file HOSP10FY2017.ZIP, read August 25, 2021.