Velarion Records

Short-term acute care hospital · Albany, Georgia · 99 beds · CMS certification number 110163

Phoebe North

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended July 31, 2012, reopened, stamped by CMS May 29, 2024. Sixteen years on file, every one shown below.

Fiscal 2012 at a glance

Net patient revenue
$35.3M
$35,292,985 · G-3 line 3
Operating expenses
$40.0M
$39,954,242 · G-3 line 4
Result from patient care
−$4.7M
−$4,661,257 · G-3 line 5
Margin on patient care
−13.2%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue fell from $62.2M in its first year on file (1997) to $35.3M in 2012.
  • Its result from patient care: $232K (2010), −$1.8M (2011), −$4.7M (2012).
  • 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 2012.
  • Medicaid paid for 7.6% of its inpatient days and Medicare for 36.8%.

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

Sixteen years of filings

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

Net patient revenueOperating expenses
1997
settled
$62.2M
$50.3M
1998
settled
$57.3M
$47.8M
1999
settled
$57.9M
$48.1M
2000
as submitted
$55.8M
$48.8M
2001
as submitted
$49.7M
$47.3M
2002
reopened
$44.8M
$44.2M
2003
reopened
$46.8M
$47.8M
2004
reopened
$47.8M
$49.5M
2005
reopened
$54.6M
$52.0M
2006
reopened
$59.9M
$55.2M
2007
reopened
$64.5M
$62.4M
2008
reopened
$71.1M
$64.9M
2009
reopened
$66.6M
$65.8M
2010
settled
$81.2M
$81.0M
2011
reopened
$81.5M
$83.3M
2012
reopened
$35.3M
$40.0M

Beside its peers

Short-term acute care hospitals in Georgia with 50 to 99 beds, each on fiscal year 2012.

HospitalBedsNet patient revenueOperating expensesMargin
Phoebe North99$35,292,985$39,954,242−13.2%
Coffee Regional Medical Center, Douglas88$81,625,290$90,470,906−10.8%
Hart County Hospital, Hartwell82$8,236,481$9,122,908−10.8%
Memorial Hospital and Manor, Bainbridge80$42,939,074$44,518,377−3.7%
Northside Hospital Cherokee, Canton84$127,335,726$123,687,9752.9%
Stephens County Hospital, Toccoa96$45,024,758$47,959,374−6.5%

Patients and payers

Discharges
935
S-3 line 14, col 15
Inpatient days
12,944
S-3 line 14, col 8
Beds in use, on an average day
56.8
days ÷ days in year
Occupancy
57.4%
days ÷ bed days
Medicare share of days
36.8%
S-3 cols 6 ÷ 8
Medicaid share of days
7.6%
S-3 cols 7 ÷ 8

Who owns it

Type of control on its cost report: governmental, city-county.

Follow this hospital, free

We send this record now and tell you when it files again.

More short-term acute care hospitals in Georgia

From the publisher of Velarion Records

Velarion Intel

Independent Decision-Grade Intelligence

Compensation and corporate governance intelligence for advisors, investors and companies. Executive and board pay for public companies, benchmarked against peers.

See what Intel shows

Figures: CMS Healthcare Cost Report Information System, file HOSP10FY2012.ZIP, form CMS-2552-10, filed under CMS certification number 110163. Patients and payers: worksheet S-3 Part I of the same filing.

How this page was built: the CMS Medicare cost report, file HOSP10FY2012.ZIP, read May 29, 2024.