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Short-term acute care hospital · Glenwood, Minnesota · 32 beds · CMS certification number 240027

Glacial Ridge Hospital

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended November 30, 2005, settled, stamped by CMS May 16, 2007. Ten years on file, every one shown below.

Fiscal 2005 at a glance

Net patient revenue
$11.7M
$11,723,818 · G-3 line 3
Operating expenses
$12.2M
$12,174,947 · G-3 line 4
Result from patient care
−$451K
−$451,129 · G-3 line 5
Margin on patient care
−3.9%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue rose from $3.9M in its first year on file (1996) to $11.7M in 2005.
  • Its result from patient care: −$557K (2003), −$633K (2004), −$451K (2005).
  • 4 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.

Ten years of filings

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

Net patient revenueOperating expenses
1996
reopened
$3.9M
$6.0M
1997
reopened
$4.0M
$6.2M
1998
reopened
$3.9M
$6.3M
1999
settled
$3.4M
$6.2M
2000
settled
$3.6M
$6.3M
2001
settled
$5.0M
$6.8M
2002
reopened
$6.0M
$8.2M
2003
reopened
$8.1M
$8.7M
2004
settled
$8.9M
$9.5M
2005
settled
$11.7M
$12.2M

Beside its peers

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

HospitalBedsNet patient revenueOperating expensesMargin
Glacial Ridge Hospital32$11,723,818$12,174,947−3.9%
Buffalo Hospital, Buffalo34$39,458,075$39,488,077−0.1%
New Ulm Medical Center, New Ulm33$50,382,860$51,521,930−2.3%
Northfield Hospital, Northfield32$39,369,202$38,566,7512.0%
Northwest Medical Center, Thief River Falls36$24,725,259$29,862,045−20.8%
Swift County - Benson, Benson31$8,027,675$8,424,234−4.9%

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Figures: CMS Healthcare Cost Report Information System, file HOSPFY2005.ZIP, form CMS-2552-96, filed under CMS certification number 240027.

How this page was built: the CMS Medicare cost report, file HOSPFY2005.ZIP, read May 16, 2007.