Velarion Records

Short-term acute care hospital · Haverhill, Massachusetts · 108 beds · CMS certification number 220041

Hale Municipal Hospital

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended June 30, 2001, settled with audit, stamped by CMS August 22, 2003. Five years on file, every one shown below.

Fiscal 2001 at a glance

Net patient revenue
$37.1M
$37,129,520 · G-3 line 3
Operating expenses
$47.4M
$47,391,018 · G-3 line 4
Result from patient care
−$10.3M
−$10,261,498 · G-3 line 5
Margin on patient care
−27.6%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue fell from $37.6M in its first year on file (1997) to $37.1M in 2001.
  • Its result from patient care: −$1.1M (1999), −$8.5M (2000), −$10.3M (2001).
  • 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 2001.

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

Five years of filings

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

Net patient revenueOperating expenses
1997
reopened
$37.6M
$37.9M
1998
reopened
$40.2M
$40.8M
1999
reopened
$42.3M
$43.4M
2000
reopened
$36.6M
$45.1M
2001
settled with audit
$37.1M
$47.4M

Beside its peers

Short-term acute care hospitals in Massachusetts with 100 to 199 beds, each on fiscal year 2001.

HospitalBedsNet patient revenueOperating expensesMargin
Hale Municipal Hospital108$37,129,520$47,391,018−27.6%
Anna Jaques Hospital, Newburyport103$60,064,317$63,083,502−5.0%
Cooley Dickinson Hospital, Northampton101$73,184,518$75,015,033−2.5%
Umass Memorial Health-Harrington Hospital, Southbridge112$40,568,500$44,624,351−10.0%
Healthalliance-Clinton Hospital, Leominster110$82,982,121$89,185,416−7.5%
Beth Israel Deaconess Hospital Plymouth, Plymouth114$90,006,462$87,786,3522.5%

Follow this hospital, free

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

More short-term acute care hospitals in Massachusetts

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 HOSPFY2000.ZIP, form CMS-2552-96, filed under CMS certification number 220041.

How this page was built: the CMS Medicare cost report, file HOSPFY2000.ZIP, read August 22, 2003.