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Short-term acute care hospital · Laurium, Michigan · 43 beds · CMS certification number 230145

Keweenaw Memorial Medical Center

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended July 31, 2004, settled, stamped by CMS September 13, 2007. Nine years on file, every one shown below.

Fiscal 2004 at a glance

Net patient revenue
$19.3M
$19,344,542 · G-3 line 3
Operating expenses
$20.6M
$20,557,012 · G-3 line 4
Result from patient care
−$1.2M
−$1,212,470 · G-3 line 5
Margin on patient care
−6.3%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue rose from $11.5M in its first year on file (1996) to $19.3M in 2004.
  • Its result from patient care: −$158K (2002), −$869K (2003), −$1.2M (2004).
  • 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 2004.

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

Nine years of filings

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

Net patient revenueOperating expenses
1996
settled
$11.5M
$10.9M
1997
settled
$13.9M
$14.1M
1998
reopened
$15.8M
$16.5M
1999
reopened
$17.0M
$17.6M
2000
reopened
$18.8M
$18.8M
2001
settled
$19.6M
$19.9M
2002
settled
$21.5M
$21.7M
2003
reopened
$22.9M
$23.8M
2004
settled
$19.3M
$20.6M

Beside its peers

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

HospitalBedsNet patient revenueOperating expensesMargin
Keweenaw Memorial Medical Center43$19,344,542$20,557,012−6.3%
Charlevoix Area Hospital, Charlevoix44$23,521,685$24,709,322−5.1%
Cheboygan Memorial Hospital, Cheboygan46$38,571,701$40,804,394−5.8%
Corewell Health Watervliet Hospital, Watervliet42$24,760,830$26,674,658−7.7%
Hayes Green Beach Memorial Hospital, Charlotte45$28,623,670$28,277,1601.2%
Mid Mich Reg Med CTR - Gladwin, Gladwin42$17,303,426$18,062,938−4.4%

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Figures: CMS Healthcare Cost Report Information System, file HOSPFY2004.ZIP, form CMS-2552-96, filed under CMS certification number 230145.

How this page was built: the CMS Medicare cost report, file HOSPFY2004.ZIP, read September 13, 2007.