Velarion Records

Short-term acute care hospital · Lakewood, Ohio · 144 beds · CMS certification number 360212

Lakewood Hospital

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended February 6, 2016, settled, stamped by CMS November 7, 2018. 21 years on file, every one shown below.

Fiscal 2016 at a glance

Net patient revenue
$5.0M
$5,008,941 · G-3 line 3
Operating expenses
$21.2M
$21,159,795 · G-3 line 4
Result from patient care
−$16.2M
−$16,150,854 · G-3 line 5
Margin on patient care
−322.4%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue fell from $89.8M in its first year on file (1996) to $5.0M in 2016.
  • Its result from patient care: −$5.2M (2014), −$49.7M (2015), −$16.2M (2016).
  • 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 2016.

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

21 years of filings

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

Net patient revenueOperating expenses
1996
reopened
$89.8M
$91.8M
1997
settled
$91.3M
$95.4M
1998
settled
$87.9M
$98.7M
1999
settled
$86.0M
$99.2M
2000
settled
$89.1M
$98.0M
2001
reopened
$97.7M
$101.3M
2002
reopened
$104.0M
$106.5M
2003
settled
$116.3M
$116.1M
2004
settled
$124.9M
$122.3M
2005
reopened
$126.1M
$127.5M
2006
reopened
$126.4M
$132.8M
2007
reopened
$135.7M
$142.6M
2008
reopened
$138.8M
$148.2M
2009
reopened
$126.7M
$142.1M
2010
reopened
$130.6M
$147.7M
2011
reopened
$137.6M
$144.7M
2012
reopened
$121.3M
$129.4M
2013
reopened
$121.7M
$127.5M
2014
settled
$116.9M
$122.1M
2015
settled
$94.0M
$143.7M
2016
settled
$5.0M
$21.2M

Beside its peers

Short-term acute care hospitals in Ohio with 100 to 199 beds, each on fiscal year 2016.

HospitalBedsNet patient revenueOperating expensesMargin
Lakewood Hospital144$5,008,941$21,159,795−322.4%
Blanchard Valley Hospital, Findlay141$219,499,716$162,471,65726.0%
Holzer, Gallipolis148$154,450,319$128,490,39516.8%
St. Vincent Charity Medical Center, Cleveland145$142,299,926$156,776,905−10.2%
Uh Ahuja Medical Center, Ahuja Medical Center, Beachwood145$212,121,511$168,060,79920.8%
Cleveland Clinic Union Hospital, Dover138$109,984,663$117,238,629−6.6%

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More short-term acute care hospitals in Ohio

Figures: CMS Healthcare Cost Report Information System, file HOSP10FY2016.ZIP, form CMS-2552-10, filed under CMS certification number 360212.

How this page was built: the CMS Medicare cost report, file HOSP10FY2016.ZIP, read November 7, 2018.