Short-term acute care hospital · Lincoln Park, Michigan · 50 beds · CMS certification number 230007

Oakwood Downriver Medical Center

Latest filing: fiscal year ended December 31, 1997, settled, stamped by CMS April 17, 2000. Two years on file, all shown below.

Fiscal 1997 at a glance

Net patient revenue $7.2M $7,189,009 · G-3 line 3

Operating expenses $8.3M $8,340,854 · G-3 line 4

Result from patient care −$1.2M −$1,151,845 · G-3 line 5

Margin on patient care −16.0% line 5 ÷ line 3, same filing

Net patient revenue fell from $13.3M in its first year on file (1996) to $7.2M in 1997.
From fiscal year 1996 to fiscal year 1997 its net patient revenue fell 46.0%.
Its result from patient care: −$7.2M (1996), −$1.2M (1997).
1 of the 5 short-term acute care hospital peers below with a margin on file also reports a loss on patient care for fiscal year 1997.
In its fiscal 1997 filing, its $7.2M net patient revenue sits at the 18th percentile of 22 hospitals in MI, same facility class, 50 to 99 beds.

Net patient revenueOperating expenses

1996 reopened margin −54.4% $13.3M $20.6M

1997 settled margin −16.0% $7.2M $8.3M

Short-term acute care hospitals in Michigan with 50 to 99 beds, fiscal year 1997.

Hospital Beds Net patient revenue Operating expenses Margin

Oakwood Downriver Medical Center 50 $7,189,009 $8,340,854 −16.0%

Bell Memorial Hospital, Ishpeming 53 $16,815,794 $14,561,857 13.4%

Caro Community Hospital, Caro 50 $9,066,370 $8,838,494 2.5%

Charlevoix Area Hospital, Charlevoix 52 $11,802,188 $12,062,468 −2.2%

Hayes Green Beach, Charlotte 54 $16,927,060 $15,990,499 5.5%

United Memorial Hospital, Greenville 54 $23,639,237 $22,755,189 3.7%

File HOSPFY1997.ZIP, form CMS-2552-96, CMS certification number 230007.

How this page was built: the CMS Medicare cost report, file HOSPFY1997.ZIP, read April 17, 2000.