Velarion Records

Short-term acute care hospital · Glencoe, Minnesota · 49 beds · CMS certification number 240011

Glencoe Regional Health Services

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended August 31, 2004, settled, stamped by CMS January 24, 2006. Nine years on file, every one shown below.

Fiscal 2004 at a glance

Net patient revenue
$24.7M
$24,680,189 · G-3 line 3
Operating expenses
$23.5M
$23,531,543 · G-3 line 4
Result from patient care
$1.1M
$1,148,646 · G-3 line 5
Margin on patient care
4.7%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue rose from $15.2M in its first year on file (1996) to $24.7M in 2004.
  • Its result from patient care: −$480K (2002), $902K (2003), $1.1M (2004).
  • 2 of the 5 short-term acute care hospital peers below with a margin on file also report a gain on patient care for fiscal year 2004.

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
1996
reopened
$15.2M
$14.2M
1997
reopened
$16.9M
$14.7M
1998
reopened
$16.8M
$16.1M
1999
reopened
$17.7M
$17.3M
2000
settled
$19.2M
$18.8M
2001
reopened
$30.3M
$27.7M
2002
settled
$31.7M
$32.2M
2003
settled
$34.1M
$33.2M
2004
settled
$24.7M
$23.5M

Beside its peers

Short-term acute care hospitals in Minnesota with 25 to 49 beds, each on fiscal year 2004.

HospitalBedsNet patient revenueOperating expensesMargin
Glencoe Regional Health Services49$24,680,189$23,531,5434.7%
Hutchinson Health Hospital, Hutchinson46$50,049,556$51,250,108−2.4%
St. Gabriel S Hospital, Little Falls49$32,855,449$37,092,025−12.9%
St. Joseph S Area Health Services, Park Rapids47$31,507,986$30,570,3083.0%
Weiner Memorial Medical Center, Marshall49$27,581,511$27,915,227−1.2%
Sanford Worthington Medical Center, Worthington49$20,141,295$19,942,4261.0%

Follow this hospital, free

We send this record now and tell you when it files again.

More short-term acute care hospitals in Minnesota

From the publisher of Velarion Records

Velarion Intel

Independent Decision-Grade Intelligence

Compensation and corporate governance intelligence for advisors, investors and companies. Executive and board pay for public companies, benchmarked against peers.

See what Intel shows

Figures: CMS Healthcare Cost Report Information System, file HOSPFY2004.ZIP, form CMS-2552-96, filed under CMS certification number 240011.

How this page was built: the CMS Medicare cost report, file HOSPFY2004.ZIP, read January 24, 2006.