Velarion Records

Short-term acute care hospital · Fremont, Michigan · 25 beds · CMS certification number 230106

Spectrum Health Gerber

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended June 30, 2014, reopened, stamped by CMS April 16, 2024. Eighteen years on file, every one shown below.

Fiscal 2014 at a glance

Net patient revenue
$66.0M
$65,975,144 · G-3 line 3
Operating expenses
$66.4M
$66,411,134 · G-3 line 4
Result from patient care
−$436K
−$435,990 · G-3 line 5
Margin on patient care
−0.7%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue rose from $27.4M in its first year on file (1997) to $66.0M in 2014.
  • Its result from patient care: −$1.0M (2012), −$754K (2013), −$436K (2014).
  • 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 2014.

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

Eighteen years of filings

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

Net patient revenueOperating expenses
1997
settled
$27.4M
$27.5M
1998
settled
$28.3M
$28.6M
1999
reopened
$26.5M
$28.1M
2000
settled
$28.4M
$28.3M
2001
reopened
$31.8M
$31.2M
2002
reopened
$35.1M
$34.3M
2003
settled
$39.4M
$38.8M
2004
reopened
$42.6M
$43.1M
2005
reopened
$47.2M
$48.2M
2006
reopened
$48.1M
$51.2M
2007
reopened
$54.4M
$56.4M
2008
reopened
$60.0M
$63.6M
2009
reopened
$62.4M
$63.9M
2010
reopened
$62.9M
$67.4M
2011
reopened
$69.7M
$69.0M
2012
reopened
$69.5M
$70.5M
2013
reopened
$63.1M
$63.8M
2014
reopened
$66.0M
$66.4M

Beside its peers

Short-term acute care hospitals in Michigan with 25 to 49 beds, each on fiscal year 2014.

HospitalBedsNet patient revenueOperating expensesMargin
Spectrum Health Gerber25$65,975,144$66,411,134−0.7%
Corewell Health Watervliet Hospital, Watervliet26$35,923,879$33,855,8395.8%
Surgeons Choice Medical Center, Southfield30$27,486,205$27,053,7541.6%
Pioneer Specialty Hospital, Pontiac30$4,630$873,187−18759.3%
Bronson South Haven Hospital, South Haven29$38,858,212$42,830,000−10.2%
Munson Healthcare Manistee Hospital, Manistee25$30,426,576$30,373,3430.2%

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Figures: CMS Healthcare Cost Report Information System, file HOSP10FY2013.ZIP, form CMS-2552-10, filed under CMS certification number 230106.

How this page was built: the CMS Medicare cost report, file HOSP10FY2013.ZIP, read April 16, 2024.