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Short-term acute care hospital · Ida Grove, Iowa · 42 beds · CMS certification number 160131

Horn Memorial Hospital - Ida Grove

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended December 31, 2003, settled, stamped by CMS September 29, 2004. Eight years on file, every one shown below.

Fiscal 2003 at a glance

Net patient revenue
$8.1M
$8,121,955 · G-3 line 3
Operating expenses
$8.4M
$8,372,624 · G-3 line 4
Result from patient care
−$251K
−$250,669 · G-3 line 5
Margin on patient care
−3.1%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue rose from $4.0M in its first year on file (1996) to $8.1M in 2003.
  • Its result from patient care: $180K (2001), $61K (2002), −$251K (2003).
  • 3 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 2003.

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

Eight years of filings

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

Net patient revenueOperating expenses
1996
settled
$4.0M
$3.9M
1997
settled
$4.6M
$4.3M
1998
settled
$4.8M
$4.8M
1999
settled
$5.0M
$5.0M
2000
settled
$5.0M
$5.4M
2001
settled
$6.8M
$6.6M
2002
settled
$8.0M
$8.0M
2003
settled
$8.1M
$8.4M

Beside its peers

Short-term acute care hospitals in Iowa with 25 to 49 beds, each on fiscal year 2003.

HospitalBedsNet patient revenueOperating expensesMargin
Horn Memorial Hospital - Ida Grove42$8,121,955$8,372,624−3.1%
Lakes Regional Healthcare, Spirit Lake44$18,675,720$18,178,1842.7%
Floyd Valley Hospital, Lemars44$14,078,332$14,357,664−2.0%
Shelby County Myrtue Hospital, Harlan40$13,505,987$13,375,4661.0%
Shenandoah Memorial Hospital, Shenandoah43$11,648,933$12,678,670−8.8%
Sioux Valley Memorial Hosp-Cherokee, Cherokee40$13,475,304$14,648,817−8.7%

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Figures: CMS Healthcare Cost Report Information System, file HOSPFY2003.ZIP, form CMS-2552-96, filed under CMS certification number 160131.

How this page was built: the CMS Medicare cost report, file HOSPFY2003.ZIP, read September 29, 2004.