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Short-term acute care hospital · Fosston, Minnesota · 43 beds · CMS certification number 240079

First Care Medical Services

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended July 31, 2004, settled, stamped by CMS January 30, 2006. Nine years on file, every one shown below.

Fiscal 2004 at a glance

Net patient revenue
$9.7M
$9,725,811 · G-3 line 3
Operating expenses
$10.2M
$10,202,012 · G-3 line 4
Result from patient care
−$476K
−$476,201 · G-3 line 5
Margin on patient care
−4.9%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue rose from $7.0M in its first year on file (1996) to $9.7M in 2004.
  • Its result from patient care: −$419K (2002), −$393K (2003), −$476K (2004).
  • 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 2004.

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
1996
reopened
$7.0M
$7.1M
1997
reopened
$7.8M
$8.0M
1998
reopened
$7.4M
$8.2M
1999
reopened
$7.6M
$8.2M
2000
settled
$8.6M
$8.7M
2001
settled
$8.8M
$9.1M
2002
settled
$10.1M
$10.5M
2003
settled
$10.6M
$11.0M
2004
settled
$9.7M
$10.2M

Beside its peers

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

HospitalBedsNet patient revenueOperating expensesMargin
First Care Medical Services43$9,725,811$10,202,012−4.9%
Hutchinson Health Hospital, Hutchinson46$50,049,556$51,250,108−2.4%
New Ulm Medical Center, New Ulm43$46,773,407$45,628,6352.5%
Pipestone County Medical Center, Pipestone44$14,220,769$13,258,7616.8%
Redwood Area Hospital, Redwood Falls43$11,947,617$12,093,792−1.2%
Stevens Community Medical Center, Morris44$21,049,252$20,639,5601.9%

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Figures: CMS Healthcare Cost Report Information System, file HOSPFY2004.ZIP, form CMS-2552-96, filed under CMS certification number 240079.

How this page was built: the CMS Medicare cost report, file HOSPFY2004.ZIP, read January 30, 2006.