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Short-term acute care hospital · Los Angeles, California · 204 beds · CMS certification number 050742

Olympia Medical Center

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended August 9, 2021, settled, stamped by CMS September 28, 2023. Seventeen years on file, every one shown below.

Fiscal 2021 at a glance

Net patient revenue
$15.1M
$15,147,979 · G-3 line 3
Operating expenses
$19.6M
$19,595,859 · G-3 line 4
Result from patient care
−$4.4M
−$4,447,880 · G-3 line 5
Margin on patient care
−29.4%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue fell from $63.6M in its first year on file (2005) to $15.1M in 2021.
  • Its result from patient care: −$1.7M (2019), −$8.6M (2020), −$4.4M (2021).
  • 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 2021.

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

Seventeen years of filings

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

Net patient revenueOperating expenses
2005
settled with audit
$63.6M
$111.7M
2006
reopened
$88.2M
$102.6M
2007
reopened
$107.7M
$112.0M
2008
reopened
$118.2M
$124.0M
2009
reopened
$135.8M
$129.5M
2010
reopened
$127.9M
$127.6M
2011
reopened
$108.4M
$112.6M
2012
reopened
$108.4M
$114.0M
2013
settled
$88.1M
$107.9M
2014
reopened
$88.1M
$103.5M
2015
settled
$89.0M
$96.4M
2016
settled
$86.4M
$85.6M
2017
reopened
$81.9M
$84.0M
2018
settled
$76.5M
$81.5M
2019
settled
$78.0M
$79.7M
2020
settled
$66.8M
$75.4M
2021
settled
$15.1M
$19.6M

Beside its peers

Short-term acute care hospitals in California with 200 to 399 beds, each on fiscal year 2021.

HospitalBedsNet patient revenueOperating expensesMargin
Olympia Medical Center204$15,147,979$19,595,859−29.4%
Dominican Hospital, Santa Cruz202$454,315,162$438,108,4473.6%
Kaiser Foundation Hospital-San Leandro, San Leandro206$614,386,558$614,884,543−0.1%
Northbay Medical Center, Fairfield204$660,267,812$692,322,185−4.9%
Sequoia Hospital, Redwood City208$273,819,683$296,966,906−8.5%
Shasta Regional Medical Center, Redding205$166,149,103$171,423,111−3.2%

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Figures: CMS Healthcare Cost Report Information System, file HOSP10FY2021.ZIP, form CMS-2552-10, filed under CMS certification number 050742.

How this page was built: the CMS Medicare cost report, file HOSP10FY2021.ZIP, read September 28, 2023.