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Southside Regional Medical Center

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General Information


Administrator:
Trent Nobles
(CEO)

Address:
200 Medical Park Boulevard
Petersburg, 23805
(804) 765-5000

Medicare Provider Number: 490067

Virginia Trauma System:
Level III Virginia Designated Trauma Center
Level III trauma centers, through an organized trauma response, can provide prompt assessment, resuscitation, stabilization, emergency operations and also arrange for the transfer of the patient to a facility that can provide definitive trauma care. Level III centers should also take on responsibility for education and system leadership within their region.
Read more at: Virginia Department of Health

NOTE: 2011 and 2015 through 2016 Annual Licensure Survey Data (ALSD) includes procedures performed at Cancer Treatment Center of Southside Regional Medical Center. Prior to 2013 ALSD also includes procedures performed at Colonial Heights Imaging Center. The data from Cancer Treatment Center of Southside Regional Medical Center (#2873) was reported separately for the FYs 2012, 2013, and 2014.



Website: www.srmconline.com

Financial Assistance: www.srmconline.com/Southside-Regional-Medical-Center/Billing-Interior.aspx

For Quotes on Elective Procedures per Virginia law §32.1-137.05: www.srmconline.com/southside-regional-medical-center/pricing-transparency-policy.aspx

Tax Status: Proprietary

Teaching StatusTeaching Status
The hospital facility reported membership or accreditation in the Council of Teaching Hospitals and Health Systems (COTH) and/or the Accreditation Council for Graduate Medical Education (ACGME) or they reported no teaching status (NONE.)
:
None

For Fiscal Year 1/1/2016 - 12/31/2016
Licensed bedsLicensed beds
The number of beds reported by the hospital to be licensed by the Virginia Department of Health. This does not include normal newborn bassinets. Staffed beds greater than licensed beds may be due to unlicensed normal newborn bassinets.
Licensed beds
The number of beds reported by the hospital to be licensed by the Virginia Department of Health. This does not include normal newborn bassinets. Staffed beds greater than licensed beds may be due to unlicensed normal newborn bassinets.
300
Staffed bedsStaffed beds
Number of beds deemed to be operational to receive patients during the reporting period. Staffed beds greater than licensed beds may be due to unlicensed normal newborn bassinets.
300
CON approved levelCON Approved Level
5.1j. General care infant stations - Infant stations, not otherwise designated on a hospital's approved licensure application, and capable of caring for newborns who weigh at least 2000 grams at birth or who have completed 34 weeks gestation.

5.1k Intermediate infant stations - Infant stations, so designated on a hospital's approved licensure application, and capable of caring for moderately ill neonates or stable-growing low birthweight neonates requiring only a weight increase to be ready for discharge.


5.1l. Specialty infant stations -
Infant stations, so designated on a hospital's approved licensure application, and capable of caring for high-risk neonates with specified neonatal illnesses.

5.1m. Subspecialty infant stations -
Infant stations, so designated on a hospital's approved licensure application, and capable of providing intensive care for critically ill, high-risk neonates with complex neonatal illnesses.
General
Patient daysPatient days
Patient days of care provided during the report period, excluding days in a nursing facility unit of the hospital, and excluding days in a regular (i.e., not intensive care) newborn nursery while the mother is still in the hospital.
61,602
AdmissionsAdmissions
The number of patients accepted for inpatient service, excluding admissions in a nursing facility unit of the hospital. Also excluded are newborns born in the hospital, except those remaining in the hospital after the mother has been discharged. Patient transfers between patient care units within the hospital are not counted as admissions.
13,013
Full-time equivalents - PayrollFull time equivalents – Payroll
Paid FTEs are the total number of hours paid (including worked hours and benefit hours), divided by 2080 and rounded to one decimal place. If there are staff positions shared between the hospital and a non-hospital activity (e.g., a nursing-home unit of the hospital), this reports only that portion of the shared FTEs that are properly allocated to the hospital.
1,035
Full-time equivalents - ContractFull-time equivalents – Contract
The number of contracted hours for agency personnel and paid hours for contracted services provided within the facility divided by 2080 and rounded to one decimal place.
11
In addition to other services offered, this facility reported the following services available during fiscal year ending in 2016 in their Utilization Spread Sheets.
Cardiac Catheterization
Chemotherapy
Chronic Renal Dialysis
Cobalt and Linear Accelerator Radiology
Hyperbaric Therapy
Lithotripsy
Wound Clinic

Facility Comment: Facility has not provided a comment.


Updated on: 1/19/2018

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Financial Information

Why is this important?Why is this important?
Hospital financial information was originally intended to benefit of large employers and purchasers of care. However, consumers should know that financially healthy hospitals may be better able to provide charity care and invest in infrastructure, and technology.

Rankings on financial measures are found within the Efficiency tab

For Fiscal Year 1/1/2016 - 12/31/2016


Revenue

Gross patient revenueGross patient revenue
Total established full charges for all services provided to patients.
$1,748,778,133
Contractual allowanceContractual allowance
The difference between a hospital's established charges and the rates paid by third-party payers under contractual agreements.
$1,465,892,784
Charity careCharity care
Total established full charges for services to indigent patients at 100%, between 100% and 200% and in excess of 200% of the federal non-farm poverty level as well as any charity care for which partial payment is received. Charity care expense is reduced by the amount of disproportionate share allocated to state teaching hospitals (currently UVA and VCU).
$53,837,394
Net patient revenueNet patient revenue
Net Patient Revenue is the sum of Gross Patient Revenue minus contractual allowances minus charity care at 100%, 200% and over 200% of poverty as well as any charity care for which partial payment is received, and minus any payment from the disproportional share program.
$229,047,955
Other operating revenueOther operating revenue
Revenue or gains from the hospital’s ongoing or central operations other than patient care. These may include such activities as educational or research programs, sales of goods and services to other than patients, and sales of personal convenience items and services to patients. Operating gains may be difficult to distinguish from non-operating gains. Providers are asked to report other revenue (or other operating revenue) and operating gains as defined per the 1990 AICPA audit guide.
$781,852

Expense

LaborLabor expense
All expenses related to employment of personnel by the hospital.
$83,492,288
Non-laborNon-labor expense
Any expenses that are not related to labor. Excluding capital and capital-related expenses.
$65,320,647
Capital Capital expense
Capital expenses are those defined by Medicare as capital expenses. This includes depreciation and interest for capital assets reported as used for patient care, plus Medicare inpatient costs for other capital-related expenses. Medicare inpatient costs for other capital-related expenses including leases, rentals (including license and royalty fees for the use of depreciable assets), insurance expense on depreciable assets, related-organization capital-related costs for assets that are not maintained on the hospital's premises, and taxes on land or depreciable assets used for patient care. Depreciation expenses are calculated on a straight-line basis, using Medicare useful lives. Includes the allocated portion of home office capital expenses. This capital expense amount is not necessarily the same as the Medicare-allowable cost figure.
$22,755,665
TaxesTaxes/Tax expense
All taxes reported on the hospital's income statement, including: state income tax, federal income tax, real estate tax, business property tax, and business license fees. Does not include payroll taxes, which are reported under Labor Expenses.
$3,877,253
Bad-debtBad-debt expense
Bad-debt expense (or provision for bad debts) as reported on the hospital’s income statement.
$51,330,941
Total expenseTotal operating expense
The sum of all operating expenses.
$226,776,794
  
Operating incomeOperating income
The net of Net patient revenue plus Other operating income minus Total operating income. This is the value that should be used in the calculation of Operating margin.
$3,053,013
Net non-operating gains (loss)Net non-operating gains
Non-operating gains and losses resulting from transactions incidental or peripheral to the hospital’s central ongoing operations. This may include such items as gifts received, tax support and subsidies, returns on investment of general funds, and gain or loss on sale of properties, as well as other items.
$0
Revenue and gains
in excess of expenses and lossesRevenue and gains in excess of expenses
The net amount of change in the net assets of the facility. The sum of Operating income and Non-operating income.
Note: In proprietary facilities this is called Net Income. This is the value that should be used in the calculation of Total margin.

$3,053,013

Balance Sheet

Current assetsCurrent assets
Cash and other assets that are expected to be converted into cash, sold, or consumed within one year.
$46,877,025
Net fixed assetsNet fixed assets
The value of property, plant, and equipment, net of accumulated depreciation using the straight-line method.
$129,790,624
Other assetsOther assets
The assets, other than fixed assets, that are not expected to be converted into cash, sold, or consumed within one year.
$10,255,507
Total assetsTotal assets
Total assets as reported on the hospital’s balance sheet.
$186,923,156
  
Current liabilitiesCurrent liabilities
Obligations expected to be liquidated within one year.
$13,547,120
Long term liabilitiesLong-term liabilities/debt
Obligations not expected to be liquidated within one year.
$96,644,870
Total liabilitiesTotal liabilities
The total obligations of the hospital.
$110,191,990
Net worthFund balance
The end-of –year sum of general, temporarily restricted, and permanently restricted fund balances. This is the net worth of the corporation at year-end.
$76,731,166
   
Updated on: 11/20/2017

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