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Short-term acute care hospital · Sandstone, Minnesota · 30 beds · CMS certification number 240058

Pine Medical Center

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended June 30, 2000, settled, stamped by CMS September 17, 2002. Five years on file, every one shown below.

Fiscal 2000 at a glance

Net patient revenue
$6.4M
$6,428,903 · G-3 line 3
Operating expenses
$6.9M
$6,943,236 · G-3 line 4
Result from patient care
−$514K
−$514,333 · G-3 line 5
Margin on patient care
−8.0%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue fell from $6.5M in its first year on file (1996) to $6.4M in 2000.
  • Its result from patient care: −$550K (1998), −$714K (1999), −$514K (2000).
  • 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 2000.

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

Five years of filings

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

Net patient revenueOperating expenses
1996
settled
$6.5M
$6.7M
1997
settled
$6.2M
$6.1M
1998
settled
$5.1M
$5.6M
1999
settled
$6.1M
$6.8M
2000
settled
$6.4M
$6.9M

Beside its peers

Short-term acute care hospitals in Minnesota with 25 to 49 beds, each on fiscal year 2000.

HospitalBedsNet patient revenueOperating expensesMargin
Pine Medical Center30$6,428,903$6,943,236−8.0%
Chippewa County-Montevideo Hospital, Montevideo30$7,410,103$7,263,3792.0%
Lake View Memorial Hospital, Two Harbors30$6,742,797$6,920,034−2.6%
Ortonville Area Health Services, Ortonville31$7,503,727$7,238,6073.5%
St. Elizabeth Hosp. of Wabasha, Wabasha31$12,036,666$12,128,807−0.8%
Swift County - Benson, Benson31$4,263,567$4,361,240−2.3%

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Figures: CMS Healthcare Cost Report Information System, file HOSPFY1999.ZIP, form CMS-2552-96, filed under CMS certification number 240058.

How this page was built: the CMS Medicare cost report, file HOSPFY1999.ZIP, read September 17, 2002.