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Short-term acute care hospital · Creston, Iowa · 40 beds · CMS certification number 160116

Greater Community Hospital

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended June 30, 2004, reopened, stamped by CMS April 23, 2008. Eight years on file, every one shown below.

Fiscal 2004 at a glance

Net patient revenue
$18.5M
$18,547,025 · G-3 line 3
Operating expenses
$21.1M
$21,095,898 · G-3 line 4
Result from patient care
−$2.5M
−$2,548,873 · G-3 line 5
Margin on patient care
−13.7%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue rose from $11.1M in its first year on file (1997) to $18.5M in 2004.
  • Its result from patient care: −$1.3M (2002), −$2.6M (2003), −$2.5M (2004).
  • 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 2004.

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

Eight years of filings

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

Net patient revenueOperating expenses
1997
reopened
$11.1M
$11.5M
1998
reopened
$11.2M
$12.1M
1999
settled
$12.0M
$12.3M
2000
settled
$31.5M
$13.3M
2001
settled
$14.4M
$15.1M
2002
settled
$16.5M
$17.9M
2003
settled
$17.5M
$20.2M
2004
reopened
$18.5M
$21.1M

Beside its peers

Short-term acute care hospitals in Iowa with 25 to 49 beds, each on fiscal year 2004.

HospitalBedsNet patient revenueOperating expensesMargin
Greater Community Hospital40$18,547,025$21,095,898−13.7%
Lakes Regional Healthcare, Spirit Lake44$20,315,882$19,559,6043.7%
Ringgold County Hospital, Mount Ayr40$8,169,143$9,238,784−13.1%
Shelby County Myrtue Hospital, Harlan40$14,186,480$13,628,7263.9%
Shenandoah Memorial Hospital, Shenandoah43$12,249,228$12,879,572−5.1%
Sioux Valley Memorial Hosp-Cherokee, Cherokee40$10,345,173$11,264,407−8.9%

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Figures: CMS Healthcare Cost Report Information System, file HOSPFY2003.ZIP, form CMS-2552-96, filed under CMS certification number 160116.

How this page was built: the CMS Medicare cost report, file HOSPFY2003.ZIP, read April 23, 2008.