Velarion Records

Short-term acute care hospital · Sheldon, Iowa · 25 beds · CMS certification number 160126

Northwest Iowa Health Center

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended April 30, 2005, settled, stamped by CMS September 22, 2006. Nine years on file, every one shown below.

Fiscal 2005 at a glance

Net patient revenue
$17.5M
$17,501,134 · G-3 line 3
Operating expenses
$16.7M
$16,725,031 · G-3 line 4
Result from patient care
$776K
$776,103 · G-3 line 5
Margin on patient care
4.4%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue rose from $9.4M in its first year on file (1997) to $17.5M in 2005.
  • Its result from patient care: $897K (2003), $526K (2004), $776K (2005).
  • None of the 5 short-term acute care hospital peers below with a margin on file reports a gain on patient care for fiscal year 2005.

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

Nine years of filings

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

Net patient revenueOperating expenses
1997
settled
$9.4M
$10.0M
1998
as submitted
$7.5M
$10.3M
1999
settled
$11.5M
$11.6M
2000
settled
$12.8M
$12.5M
2001
reopened
$13.0M
$12.8M
2002
reopened
$13.6M
$13.4M
2003
reopened
$14.7M
$13.8M
2004
settled
$16.0M
$15.4M
2005
settled
$17.5M
$16.7M

Beside its peers

Short-term acute care hospitals in Iowa with 25 to 49 beds, each on fiscal year 2005.

HospitalBedsNet patient revenueOperating expensesMargin
Northwest Iowa Health Center25$17,501,134$16,725,0314.4%
Boone County Hospital, Boone25$31,546,305$33,930,841−7.6%
Ellsworth Municipal Hospital, Iowa Falls26$14,055,639$17,275,097−22.9%
Loring Hospital, Sac City33$4,789,169$4,981,141−4.0%
Mercy Medical Center - Centerville, Centerville34$16,574,253$17,650,658−6.5%
Ringgold County Hospital, Mount Ayr25$8,609,452$10,503,488−22.0%

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Figures: CMS Healthcare Cost Report Information System, file HOSPFY2004.ZIP, form CMS-2552-96, filed under CMS certification number 160126.

How this page was built: the CMS Medicare cost report, file HOSPFY2004.ZIP, read September 22, 2006.