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Short-term acute care hospital · New Prague, Minnesota · 28 beds · CMS certification number 240037

Queen of Peace Hospital

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended June 30, 2004, settled, stamped by CMS December 6, 2005. Eight years on file, every one shown below.

Fiscal 2004 at a glance

Net patient revenue
$23.0M
$23,017,722 · G-3 line 3
Operating expenses
$23.2M
$23,242,324 · G-3 line 4
Result from patient care
−$225K
−$224,602 · G-3 line 5
Margin on patient care
−1.0%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue rose from $10.9M in its first year on file (1997) to $23.0M in 2004.
  • Its result from patient care: −$1.3M (2002), −$1.8M (2003), −$225K (2004).
  • 1 of the 5 short-term acute care hospital peers below with a margin on file also reports a loss on patient care for fiscal year 2004.

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
1997
reopened
$10.9M
$11.0M
1998
reopened
$12.8M
$13.4M
1999
settled
$13.3M
$14.5M
2000
settled
$14.4M
$15.1M
2001
settled
$17.4M
$17.8M
2002
settled
$20.9M
$22.1M
2003
settled
$21.4M
$23.1M
2004
settled
$23.0M
$23.2M

Beside its peers

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

HospitalBedsNet patient revenueOperating expensesMargin
Queen of Peace Hospital28$23,017,722$23,242,324−1.0%
Luverne Community Hospital, Luverne28$10,451,792$10,140,8983.0%
Monticello Big Lake Community Hospit, Monticello29$33,107,016$34,171,033−3.2%
Northfield Hospital, Northfield32$35,169,280$34,121,5763.0%
Perham Memorial Hospital and Home, Perham29$15,325,343$15,291,8000.2%
St. Michael S Hospital, Sauk Centre28$11,908,685$11,562,9392.9%

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Figures: CMS Healthcare Cost Report Information System, file HOSPFY2003.ZIP, form CMS-2552-96, filed under CMS certification number 240037.

How this page was built: the CMS Medicare cost report, file HOSPFY2003.ZIP, read December 6, 2005.