Velarion Records

Short-term acute care hospital · Bronx, New York · 193 beds · CMS certification number 330034

Union Hospital

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended December 31, 1998, settled with audit, stamped by CMS September 20, 2001. Four years on file, every one shown below.

Fiscal 1998 at a glance

Net patient revenue
$9.1M
$9,062,810 · G-3 line 3
Operating expenses
$16.8M
$16,797,584 · G-3 line 4
Result from patient care
−$7.7M
−$7,734,774 · G-3 line 5
Margin on patient care
−85.4%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue fell from $30.9M in its first year on file (1996) to $3.3M in 1999.
  • Its result from patient care: −$8.5M (1997), −$7.7M (1998), −$6.1M (1999).
  • All 5 short-term acute care hospital peers below with a margin on file also report a loss on patient care for fiscal year 1998.

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

Four years of filings

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

Net patient revenueOperating expenses
1996
settled with audit
$30.9M
$35.1M
1997
settled with audit
$26.6M
$35.1M
1998
settled with audit
$9.1M
$16.8M
1999
as submitted
$3.3M
$9.3M

Beside its peers

Short-term acute care hospitals in New York with 100 to 199 beds, each on fiscal year 1998.

HospitalBedsNet patient revenueOperating expensesMargin
Union Hospital193$9,062,810$16,797,584−85.4%
Brunswick Hospital Center, Amityville192$61,989,447$70,871,392−14.3%
Kingsbrook Jewish Medical Center, Brooklyn191$103,875,930$127,663,476−22.9%
NYU Downtown Hospital, New York196$82,956,681$107,354,289−29.4%
St. Charles Hospital, Port Jefferson194$100,171,951$114,198,931−14.0%
United Hospital Medical Center, Port Chester197$58,518,735$70,091,500−19.8%

Follow this hospital, free

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

More short-term acute care hospitals in New York

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 HOSPFY1998.ZIP, form CMS-2552-96, filed under CMS certification number 330034.

How this page was built: the CMS Medicare cost report, file HOSPFY1998.ZIP, read September 20, 2001.