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Short-term acute care hospital · Fairmont, West Virginia · 73 beds · CMS certification number 510047

Fairmont Regional Medical Center

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended March 31, 2020, settled, stamped by CMS March 27, 2024. 25 years on file, every one shown below.

Fiscal 2020 at a glance

Net patient revenue
$13.3M
$13,296,968 · G-3 line 3
Operating expenses
$14.0M
$13,976,321 · G-3 line 4
Result from patient care
−$679K
−$679,353 · G-3 line 5
Margin on patient care
−5.1%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue fell from $51.5M in its first year on file (1996) to $13.3M in 2020.
  • Its result from patient care: −$2.6M (2018), −$9.8M (2019), −$679K (2020).
  • 3 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 2020.

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

25 years of filings

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

Net patient revenueOperating expenses
1996
reopened
$51.5M
$47.5M
1997
reopened
$52.5M
$48.6M
1998
reopened
$49.6M
$48.3M
1999
reopened
$46.8M
$46.0M
2000
settled
$53.7M
$50.6M
2001
settled
$58.1M
$54.0M
2002
settled
$61.8M
$58.7M
2003
settled
$62.3M
$60.9M
2004
settled
$66.4M
$60.4M
2005
reopened
$74.8M
$65.1M
2006
reopened
$79.9M
$77.9M
2007
reopened
$83.6M
$83.1M
2008
reopened
$90.5M
$91.2M
2009
reopened
$90.0M
$94.2M
2010
reopened
$97.2M
$98.6M
2011
reopened
$88.9M
$92.1M
2012
reopened
$81.5M
$88.7M
2013
settled
$84.0M
$93.7M
2014
reopened
$25.7M
$28.3M
2015
reopened
$67.7M
$69.7M
2016
settled
$65.1M
$70.3M
2017
settled
$60.3M
$68.0M
2018
reopened
$67.3M
$69.9M
2019
reopened
$56.3M
$66.1M
2020
settled
$13.3M
$14.0M

Beside its peers

Short-term acute care hospitals in West Virginia with 50 to 99 beds, each on fiscal year 2020.

HospitalBedsNet patient revenueOperating expensesMargin
Fairmont Regional Medical Center73$13,296,968$13,976,321−5.1%
Bluefield Regional Medical Center, Bluefield57$38,250,711$53,039,049−38.7%
Vandalia Health Davis Medical Center, Elkins90$96,742,798$106,049,268−9.6%
Camc Greenbrier Valley Medical Center, Ronceverte91$70,796,918$62,282,69312.0%
Princeton Community Hospital Association, Princeton88$137,202,154$155,909,779−13.6%
Reynolds Memorial Hospital, Glen Dale94$88,748,560$87,256,1491.7%

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Figures: CMS Healthcare Cost Report Information System, file HOSP10FY2020.ZIP, form CMS-2552-10, filed under CMS certification number 510047.

How this page was built: the CMS Medicare cost report, file HOSP10FY2020.ZIP, read March 27, 2024.