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Short-term acute care hospital · Fayetteville, North Carolina · 137 beds · CMS certification number 340164

Highsmith Rainey Memorial Hospital

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended April 30, 1999, as submitted, stamped by CMS November 20, 2000. Three years on file, every one shown below.

Fiscal 1999 at a glance

Net patient revenue
$23.2M
$23,235,736 · G-3 line 3
Operating expenses
$36.1M
$36,134,298 · G-3 line 4
Result from patient care
−$12.9M
−$12,898,562 · G-3 line 5
Margin on patient care
−55.5%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue fell from $34.4M in its first year on file (1997) to $23.2M in 1999.
  • Its result from patient care: −$1.4M (1997), −$8.3M (1998), −$12.9M (1999).
  • 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 1999.

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

Three years of filings

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

Net patient revenueOperating expenses
1997
settled
$34.4M
$35.8M
1998
settled
$30.1M
$38.5M
1999
as submitted
$23.2M
$36.1M

Beside its peers

Short-term acute care hospitals in North Carolina with 100 to 199 beds, each on fiscal year 1999.

HospitalBedsNet patient revenueOperating expensesMargin
Highsmith Rainey Memorial Hospital137$23,235,736$36,134,298−55.5%
Central Carolina Hospital, Sanford137$49,661,973$44,423,38010.5%
Davis Medical Center, Statesville138$10,026,534$12,558,900−25.3%
Onslow Memorial Hospital, Jacksonville143$81,627,981$82,451,608−1.0%
Atrium Health Union, Monroe137$59,438,092$52,885,84011.0%
Watauga Medical Center, Boone141$45,986,222$43,574,1835.3%

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Figures: CMS Healthcare Cost Report Information System, file HOSPFY1998.ZIP, form CMS-2552-96, filed under CMS certification number 340164.

How this page was built: the CMS Medicare cost report, file HOSPFY1998.ZIP, read November 20, 2000.