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Short-term acute care hospital · Keokuk, Iowa · 49 beds · CMS certification number 160008

Keokuk Area Hospital

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended September 30, 2022, settled, stamped by CMS February 20, 2025. 27 years on file, every one shown below.

Fiscal 2022 at a glance

Net patient revenue
$7.2M
$7,223,996 · G-3 line 3
Operating expenses
$14.5M
$14,456,562 · G-3 line 4
Result from patient care
−$7.2M
−$7,232,566 · G-3 line 5
Margin on patient care
−100.1%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue fell from $22.9M in its first year on file (1996) to $7.2M in 2022.
  • Its result from patient care: −$8.5M (2020), −$6.3M (2021), −$7.2M (2022).
  • All 5 short-term acute care hospital peers below with a margin on file also report a loss on patient care for fiscal year 2022.
  • Medicaid paid for 1.1% of its inpatient days and Medicare for 65.6%.

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

27 years of filings

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

Net patient revenueOperating expenses
1996
settled
$22.9M
$21.5M
1997
reopened
$23.8M
$22.4M
1998
settled
$23.4M
$23.3M
1999
reopened
$22.4M
$22.9M
2000
settled
$25.4M
$25.5M
2001
reopened
$26.2M
$27.3M
2002
settled
$29.5M
$28.8M
2003
settled with audit
$27.8M
$29.2M
2004
settled with audit
$29.6M
$30.7M
2005
settled with audit
$31.9M
$31.6M
2006
settled
$30.1M
$31.7M
2007
settled
$30.8M
$30.9M
2008
settled
$33.0M
$33.0M
2009
reopened
$32.9M
$32.8M
2010
reopened
$31.0M
$32.7M
2011
reopened
$28.4M
$31.0M
2012
reopened
$26.6M
$25.7M
2013
reopened
$23.0M
$23.0M
2014
settled
$23.0M
$21.5M
2015
settled
$19.0M
$20.4M
2016
settled
$18.1M
$20.3M
2017
settled
$18.0M
$20.0M
2018
reopened
$15.5M
$26.6M
2019
settled
$11.4M
$19.4M
2020
settled
$9.4M
$17.8M
2021
settled
$10.5M
$16.9M
2022
settled
$7.2M
$14.5M

Beside its peers

Short-term acute care hospitals in Iowa with 25 to 49 beds, each on fiscal year 2022.

HospitalBedsNet patient revenueOperating expensesMargin
Keokuk Area Hospital49$7,223,996$14,456,562−100.1%
Lakes Regional Healthcare, Spirit Lake44$55,335,023$56,673,312−2.4%
Mercyone Newton Medical Center, Newton48$36,895,570$43,861,558−18.9%
Spencer Municipal Hospital, Spencer49$108,376,684$112,522,985−3.8%
St. Anthony Regional Hospital, Carroll49$80,858,976$95,332,981−17.9%
Trinity Regional Medical Center, Fort Dodge44$140,401,748$149,916,357−6.8%

Patients and payers

Discharges
135
S-3 line 14, col 15
Inpatient days
456
S-3 line 14, col 8
Beds in use, on an average day
1.7
days ÷ days in year
Occupancy
3.4%
days ÷ bed days
Medicare share of days
65.6%
S-3 cols 6 ÷ 8
Medicaid share of days
1.1%
S-3 cols 7 ÷ 8

Who owns it

Related organizations on its own cost report: BLESSING CORP S, home office; BLESSING FOUND, foundation.

Type of control on its cost report: voluntary nonprofit, other.

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Figures: CMS Healthcare Cost Report Information System, file HOSP10FY2022.ZIP, form CMS-2552-10, filed under CMS certification number 160008. Patients and payers: worksheet S-3 Part I of the same filing.

How this page was built: the CMS Medicare cost report, file HOSP10FY2022.ZIP, read February 20, 2025.