Velarion Records

Short-term acute care hospital · Craig, Colorado · 28 beds · CMS certification number 060046

The Memorial Hospital

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended February 28, 2002, settled, stamped by CMS October 26, 2004. Seven years on file, every one shown below.

Fiscal 2002 at a glance

Net patient revenue
$1.9M
$1,850,620 · G-3 line 3
Operating expenses
$2.1M
$2,137,242 · G-3 line 4
Result from patient care
−$287K
−$286,622 · G-3 line 5
Margin on patient care
−15.5%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue fell from $8.1M in its first year on file (1996) to $1.9M in 2002.
  • Its result from patient care: −$489K (2000), −$148K (2001), −$287K (2002).
  • 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 2002.

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

Seven years of filings

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

Net patient revenueOperating expenses
1996
settled
$8.1M
$8.6M
1997
settled
$8.9M
$9.3M
1998
settled
$9.7M
$10.7M
1999
settled
$10.5M
$10.8M
2000
reopened
$12.3M
$12.8M
2001
reopened
$11.8M
$11.9M
2002
settled
$1.9M
$2.1M

Beside its peers

Short-term acute care hospitals in Colorado with 25 to 49 beds, each on fiscal year 2002.

HospitalBedsNet patient revenueOperating expensesMargin
The Memorial Hospital28$1,850,620$2,137,242−15.5%
Clagett Memorial Hospital, Rifle32$13,936,477$15,498,198−11.2%
Mt. San Rafael Hospital, Trinidad32$13,085,801$12,658,5573.3%
Sempercare Hospital of Colorado Spri, Colorado Springs31$1,771,188$2,235,964−26.2%
St. Vincent General Hospital, Leadville35$10,718,368$11,461,005−6.9%
Uchealth, Steamboat Springs29$38,011,034$37,749,2400.7%

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Figures: CMS Healthcare Cost Report Information System, file HOSPFY2002.ZIP, form CMS-2552-96, filed under CMS certification number 060046.

How this page was built: the CMS Medicare cost report, file HOSPFY2002.ZIP, read October 26, 2004.