Velarion Records

Short-term acute care hospital · Bluefield, West Virginia · 79 beds · CMS certification number 510067

St. Luke S Princeton

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended April 30, 2007, reopened, stamped by CMS August 20, 2012. Twelve years on file, every one shown below.

Fiscal 2007 at a glance

Net patient revenue
$15.1M
$15,110,835 · G-3 line 3
Operating expenses
$20.8M
$20,823,966 · G-3 line 4
Result from patient care
−$5.7M
−$5,713,131 · G-3 line 5
Margin on patient care
−37.8%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue fell from $16.2M in its first year on file (1996) to $15.1M in 2007.
  • Its result from patient care: $2.6M (2005), $3.3M (2006), −$5.7M (2007).
  • 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 2007.

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

Twelve years of filings

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

Net patient revenueOperating expenses
1996
as submitted
$16.2M
$15.5M
1997
as submitted
$15.9M
$17.0M
1998
as submitted
$12.9M
$16.8M
1999
reopened
$6.4M
$6.4M
2000
reopened
$14.3M
$16.8M
2001
reopened
$15.7M
$17.8M
2002
reopened
$19.1M
$20.4M
2003
reopened
$22.6M
$21.2M
2004
reopened
$23.4M
$22.7M
2005
settled with audit
$24.5M
$22.0M
2006
reopened
$25.9M
$22.6M
2007
reopened
$15.1M
$20.8M

Beside its peers

Short-term acute care hospitals in West Virginia with 50 to 99 beds, each on fiscal year 2007.

HospitalBedsNet patient revenueOperating expensesMargin
St. Luke S Princeton79$15,110,835$20,823,966−37.8%
Vandalia Health Davis Medical Center, Elkins90$80,935,588$78,911,1632.5%
Rivers Health, Point Pleasant94$61,984,262$61,437,9140.9%
St. Joseph S Hospital, Buckhannon53$29,187,946$33,540,979−14.9%
Stonewall Jackson Memorial Hospital Company, Weston60$34,022,920$31,888,0506.3%
Williamson Memorial Hospital, Williamson76$28,214,707$26,410,5376.4%

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Figures: CMS Healthcare Cost Report Information System, file HOSPFY2006.ZIP, form CMS-2552-96, filed under CMS certification number 510067.

How this page was built: the CMS Medicare cost report, file HOSPFY2006.ZIP, read August 20, 2012.