Velarion Records

Short-term acute care hospital · Warren, Minnesota · 20 beds · CMS certification number 240085

North Valley Health Center

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended April 2, 2002, settled, stamped by CMS May 4, 2004. Seven years on file, every one shown below.

Fiscal 2002 at a glance

Net patient revenue
$586K
$585,814 · G-3 line 3
Operating expenses
$749K
$749,009 · G-3 line 4
Result from patient care
−$163K
−$163,195 · G-3 line 5
Margin on patient care
−27.9%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue fell from $3.2M in its first year on file (1996) to $586K in 2002.
  • Its result from patient care: −$134K (2000), −$392K (2001), −$163K (2002).
  • 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 2002.

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

Seven years of filings

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

Net patient revenueOperating expenses
1996
settled
$3.2M
$3.1M
1997
reopened
$3.0M
$3.2M
1998
settled
$3.0M
$3.1M
1999
settled
$3.0M
$3.0M
2000
settled
$2.9M
$3.1M
2001
reopened
$2.7M
$3.1M
2002
settled
$586K
$749K

Beside its peers

Short-term acute care hospitals in Minnesota with under 25 beds, each on fiscal year 2002.

HospitalBedsNet patient revenueOperating expensesMargin
North Valley Health Center20$585,814$749,009−27.9%
Appleton Municipal Hospital, Appleton23$6,251,252$6,612,943−5.8%
Deer River Health Care Center, Deer River20$9,598,624$9,423,5001.8%
Grant County Health Center, Elbow Lake20$4,672,704$5,712,821−22.3%
Minnesota Valley Memorial Hospital, Le Sueur24$6,527,441$6,958,125−6.6%
Springfield Medical Center, Springfield24$7,087,166$6,809,1443.9%

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Figures: CMS Healthcare Cost Report Information System, file HOSPFY2002.ZIP, form CMS-2552-96, filed under CMS certification number 240085.

How this page was built: the CMS Medicare cost report, file HOSPFY2002.ZIP, read May 4, 2004.