Velarion Records

Short-term acute care hospital · Towson, Maryland · 283 beds · CMS certification number 210007

St. Joseph Medical Center

Latest filing: fiscal year ended June 30, 2012, settled, stamped by CMS January 27, 2014. Sixteen years on file, all shown below.

Fiscal 2012 at a glance

Net patient revenue $300.6M $300,636,507 · G-3 line 3
Operating expenses $322.0M $321,999,260 · G-3 line 4
Result from patient care −$21.4M −$21,362,753 · G-3 line 5
Margin on patient care −7.1% line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue rose from $168.9M in its first year on file (1997) to $300.6M in 2012.
  • Its result from patient care: −$13.0M (2010), −$19.6M (2011), −$21.4M (2012).
  • 2 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 2.2% of its inpatient days and Medicare for 44.4%.

How these statements are drawn

Sixteen years of filings

Net patient revenueOperating expenses

1997 reopened margin 0.3% $168.9M $168.3M

1998 reopened margin 2.7% $177.8M $173.0M

1999 reopened margin 4.5% $180.2M $172.0M

2000 settled margin −3.7% $177.2M $183.8M

2001 settled margin −5.3% $192.2M $202.4M

2002 settled margin −4.1% $210.9M $219.6M

2003 settled margin −2.2% $231.6M $236.7M

2004 settled margin −1.6% $258.1M $262.1M

2005 settled margin −1.7% $287.6M $292.4M

2006 settled margin −0.2% $319.2M $319.9M

2007 settled margin −5.6% $319.0M $336.9M

2008 settled margin −9.5% $334.1M $365.9M

2009 settled margin −0.4% $356.9M $358.4M

2010 settled margin −4.0% $327.7M $340.7M

2011 settled margin −6.3% $310.7M $330.3M

2012 settled margin −7.1% $300.6M $322.0M

Beside its peers

Short-term acute care hospitals in Maryland with 200 to 399 beds, fiscal year 2012.

Hospital Beds Net patient revenue Operating expenses Margin

St. Joseph Medical Center 283 $300,636,507 $321,999,260 −7.1%

University of Maryland Baltimore Washington Medical Center, Glen Burnie 308 $336,091,825 $325,037,010 3.3%

Frederick Health Hospital, Frederick 309 $341,266,088 $349,289,673 −2.4%

Medstar Good Samaritan Hospital, Baltimore 273 $314,895,835 $311,360,480 1.1%

Ascension Saint Agnes Hospital, Baltimore 314 $413,222,660 $379,701,942 8.1%

Western Maryland Health System, Cumberland 283 $282,255,130 $297,744,155 −5.5%

Patients and payers

  • Discharges 16,402 S-3 line 14, col 15
  • Inpatient days 71,268 S-3 line 14, col 8
  • Beds in use, on an average day 195.3 days ÷ days in year
  • Occupancy 68.8% days ÷ bed days
  • Medicare share of days 44.4% S-3 cols 6 ÷ 8
  • Medicaid share of days 2.2% S-3 cols 7 ÷ 8

Who owns it

Related organizations on its own cost report: CATHOLIC HEALTH INITIATIVES, parent company.

Control: voluntary nonprofit, other.

Follow St. Joseph Medical Center, free

More short-term acute care hospitals in Maryland

File HOSP10FY2011.ZIP, form CMS-2552-10, CMS certification number 210007.

How this page was built: the CMS Medicare cost report, file HOSP10FY2011.ZIP, read January 27, 2014.