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Short-term acute care hospital · Inglewood, California · 264 beds · CMS certification number 050729

Daniel Freeman Memorial

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended May 31, 2004, settled, stamped by CMS March 13, 2006. Three years on file, every one shown below.

Fiscal 2004 at a glance

Net patient revenue
$82.5M
$82,486,156 · G-3 line 3
Operating expenses
$126.5M
$126,531,842 · G-3 line 4
Result from patient care
−$44.0M
−$44,045,686 · G-3 line 5
Margin on patient care
−53.4%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue rose from $39.7M in its first year on file (2002) to $82.5M in 2004.
  • Its result from patient care: −$7.8M (2002), −$9.7M (2003), −$44.0M (2004).
  • 4 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 2004.

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

Three years of filings

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

Net patient revenueOperating expenses
2002
reopened
$39.7M
$47.5M
2003
reopened
$104.0M
$113.7M
2004
settled
$82.5M
$126.5M

Beside its peers

Short-term acute care hospitals in California with 200 to 399 beds, each on fiscal year 2004.

HospitalBedsNet patient revenueOperating expensesMargin
Daniel Freeman Memorial264$82,486,156$126,531,842−53.4%
California Hospital Medical Center, Los Angeles271$173,576,568$206,598,988−19.0%
Adventist Health Glendale, Glendale264$221,990,484$233,110,357−5.0%
Martin Luther King Jr./Drew Medical, Los Angeles269$206,250,887$377,095,638−82.8%
Mercy General Hospital, Sacramento274$271,573,700$260,317,4124.1%
Mercy Medical Center Redding, Redding264$185,164,564$187,328,204−1.2%

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Figures: CMS Healthcare Cost Report Information System, file HOSPFY2003.ZIP, form CMS-2552-96, filed under CMS certification number 050729.

How this page was built: the CMS Medicare cost report, file HOSPFY2003.ZIP, read March 13, 2006.