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Short-term acute care hospital · Passaic, New Jersey · 264 beds · CMS certification number 310020

Pbi Regional Medical Center

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended December 31, 2006, as submitted, stamped by CMS February 9, 2009. Twelve years on file, every one shown below.

Fiscal 2006 at a glance

Net patient revenue
$119.1M
$119,139,924 · G-3 line 3
Operating expenses
$145.0M
$144,998,471 · G-3 line 4
Result from patient care
−$25.9M
−$25,858,547 · G-3 line 5
Margin on patient care
−21.7%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue fell from $51.6M in its first year on file (1996) to $19.0M in 2007.
  • Its result from patient care: −$10.2M (2005), −$25.9M (2006), −$25.4M (2007).
  • 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 2006.

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

Twelve years of filings

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

Net patient revenueOperating expenses
1996
reopened
$51.6M
$52.1M
1997
reopened
$53.4M
$54.1M
1998
reopened
$55.5M
$57.0M
1999
reopened
$52.4M
$57.9M
2000
reopened
$52.6M
$55.8M
2001
reopened
$54.3M
$58.2M
2002
settled
$57.9M
$59.7M
2003
reopened
$59.0M
$63.6M
2004
reopened
$146.0M
$162.0M
2005
as submitted
$137.8M
$148.1M
2006
as submitted
$119.1M
$145.0M
2007
as submitted
$19.0M
$44.4M

Beside its peers

Short-term acute care hospitals in New Jersey with 200 to 399 beds, each on fiscal year 2006.

HospitalBedsNet patient revenueOperating expensesMargin
Pbi Regional Medical Center264$119,139,924$144,998,471−21.7%
Clara Maass Medical Center, Belleville281$189,288,137$198,417,768−4.8%
Holy Name Medical Center, Teaneck284$203,601,890$207,434,610−1.9%
Monmouth Medical Center, Long Branch280$239,804,405$254,915,858−6.3%
Robert Wood Johnson Hospital at Somerset, Somerville256$205,975,188$203,873,9281.0%
Corro Health, Elizabeth249$214,249,053$282,258,443−31.7%

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Figures: CMS Healthcare Cost Report Information System, file HOSPFY2006.ZIP, form CMS-2552-96, filed under CMS certification number 310020.

How this page was built: the CMS Medicare cost report, file HOSPFY2006.ZIP, read February 9, 2009.