Velarion Records

Short-term acute care hospital · Raton, New Mexico · 36 beds · CMS certification number 320069

Miners Colfax Medical Center

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended June 30, 2010, reopened, stamped by CMS January 27, 2014. Fourteen years on file, every one shown below.

Fiscal 2010 at a glance

Net patient revenue
$15.0M
$14,993,161 · G-3 line 3
Operating expenses
$24.4M
$24,376,325 · G-3 line 4
Result from patient care
−$9.4M
−$9,383,164 · G-3 line 5
Margin on patient care
−62.6%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue rose from $7.8M in its first year on file (1997) to $15.0M in 2010.
  • Its result from patient care: −$9.5M (2008), −$12.3M (2009), −$9.4M (2010).
  • 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 2010.

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

Fourteen years of filings

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

Net patient revenueOperating expenses
1997
settled
$7.8M
$10.4M
1998
settled
$8.6M
$11.3M
1999
settled
$9.0M
$11.9M
2000
settled
$8.5M
$12.9M
2001
settled
$8.7M
$14.1M
2002
settled
$11.1M
$15.8M
2003
settled
$12.1M
$17.5M
2004
settled
$13.3M
$18.2M
2005
settled
$13.7M
$19.5M
2006
settled
$14.9M
$21.6M
2007
settled
$13.7M
$20.4M
2008
settled
$14.9M
$24.5M
2009
settled
$13.9M
$26.2M
2010
reopened
$15.0M
$24.4M

Beside its peers

Short-term acute care hospitals in New Mexico with 25 to 49 beds, each on fiscal year 2010.

HospitalBedsNet patient revenueOperating expensesMargin
Miners Colfax Medical Center36$14,993,161$24,376,325−62.6%
Alta Vista Regional Hospital, Las Vegas46$47,154,338$37,166,89121.2%
Artesia General Hospital, Artesia34$26,819,847$25,127,4246.3%
Holy Cross Hospital, Taos49$36,481,430$53,809,731−47.5%
Los Alamos Medical Center, Los Alamos47$59,617,285$51,821,63813.1%
Lovelace Regional Hospital Roswell, Roswell26$42,092,810$38,331,8928.9%

Follow this hospital, free

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

More short-term acute care hospitals in New Mexico

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 HOSPFY2009.ZIP, form CMS-2552-96, filed under CMS certification number 320069.

How this page was built: the CMS Medicare cost report, file HOSPFY2009.ZIP, read January 27, 2014.