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Short-term acute care hospital · Thief River Falls, Minnesota · 36 beds · CMS certification number 240017

Northwest Medical Center

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended April 30, 2005, settled, stamped by CMS April 11, 2006. Nine years on file, every one shown below.

Fiscal 2005 at a glance

Net patient revenue
$24.7M
$24,725,259 · G-3 line 3
Operating expenses
$29.9M
$29,862,045 · G-3 line 4
Result from patient care
−$5.1M
−$5,136,786 · G-3 line 5
Margin on patient care
−20.8%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue rose from $16.8M in its first year on file (1997) to $24.7M in 2005.
  • Its result from patient care: −$4.1M (2003), −$5.3M (2004), −$5.1M (2005).
  • 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 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
reopened
$16.8M
$17.3M
1998
reopened
$17.4M
$18.5M
1999
settled with audit
$18.9M
$20.4M
2000
settled
$18.0M
$20.7M
2001
settled
$21.1M
$22.7M
2002
settled
$22.0M
$25.4M
2003
settled with audit
$22.6M
$26.7M
2004
reopened
$23.6M
$28.8M
2005
settled
$24.7M
$29.9M

Beside its peers

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

HospitalBedsNet patient revenueOperating expensesMargin
Northwest Medical Center36$24,725,259$29,862,045−20.8%
Buffalo Hospital, Buffalo34$39,458,075$39,488,077−0.1%
Kanabec Hospital, Mora40$5,685,145$5,819,767−2.4%
New Ulm Medical Center, New Ulm33$50,382,860$51,521,930−2.3%
Pipestone County Medical Center, Pipestone44$9,964,767$9,475,7524.9%
United Hospital District, Blue Earth43$6,641,257$6,609,7170.5%

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Figures: CMS Healthcare Cost Report Information System, file HOSPFY2004.ZIP, form CMS-2552-96, filed under CMS certification number 240017.

How this page was built: the CMS Medicare cost report, file HOSPFY2004.ZIP, read April 11, 2006.