Velarion Records

Short-term acute care hospital · Crookston, Minnesota · 49 beds · CMS certification number 240041

Riverview Healthcare Association

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended October 31, 2001, settled, stamped by CMS August 26, 2004. Four years on file, every one shown below.

Fiscal 2001 at a glance

Net patient revenue
$20.1M
$20,134,612 · G-3 line 3
Operating expenses
$22.8M
$22,804,686 · G-3 line 4
Result from patient care
−$2.7M
−$2,670,074 · G-3 line 5
Margin on patient care
−13.3%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue rose from $18.1M in its first year on file (1998) to $20.1M in 2001.
  • Its result from patient care: −$213K (1999), −$146K (2000), −$2.7M (2001).
  • 2 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 2001.

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

Four years of filings

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

Net patient revenueOperating expenses
1998
reopened
$18.1M
$18.3M
1999
settled with audit
$18.1M
$18.3M
2000
settled
$18.8M
$19.0M
2001
settled
$20.1M
$22.8M

Beside its peers

Short-term acute care hospitals in Minnesota with 25 to 49 beds, each on fiscal year 2001.

HospitalBedsNet patient revenueOperating expensesMargin
Riverview Healthcare Association49$20,134,612$22,804,686−13.3%
Glencoe Regional Health Services, Glencoe49$30,291,470$27,709,8688.5%
Int L Falls Memorial Hospital, International Falls49$8,369,801$8,071,8493.6%
Lake City Medical Center, Lake City49$11,871,331$12,119,406−2.1%
St. Gabriels Hospital, Little Falls49$27,858,318$30,874,405−10.8%
Weiner Memorial Medical Center, Marshall49$22,120,891$21,807,1391.4%

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 HOSPFY2001.ZIP, form CMS-2552-96, filed under CMS certification number 240041.

How this page was built: the CMS Medicare cost report, file HOSPFY2001.ZIP, read August 26, 2004.