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Short-term acute care hospital · Aitkin, Minnesota · 22 beds · CMS certification number 240086

Riverwood Healthcare Center

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended August 1, 2000, settled, stamped by CMS May 28, 2002. Five years on file, every one shown below.

Fiscal 2000 at a glance

Net patient revenue
$12.7M
$12,730,820 · G-3 line 3
Operating expenses
$12.1M
$12,145,721 · G-3 line 4
Result from patient care
$585K
$585,099 · G-3 line 5
Margin on patient care
4.6%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue rose from $8.5M in its first year on file (1996) to $12.7M in 2000.
  • Its result from patient care: $24K (1998), −$24K (1999), $585K (2000).
  • None of the 5 short-term acute care hospital peers below with a margin on file reports a gain 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
reopened
$8.5M
$8.5M
1997
reopened
$11.0M
$10.7M
1998
reopened
$12.4M
$12.4M
1999
reopened
$13.4M
$13.4M
2000
settled
$12.7M
$12.1M

Beside its peers

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

HospitalBedsNet patient revenueOperating expensesMargin
Riverwood Healthcare Center22$12,730,820$12,145,7214.6%
Appleton Municipal Hospital, Appleton23$6,579,526$6,649,082−1.1%
Graceville Health Center, Graceville22$4,691,097$4,910,321−4.7%
Minnesota Valley Memorial Hospital, Le Sueur24$5,718,474$6,081,495−6.3%
Western Pope County Hospital, Starbuck23$2,335,214$2,831,454−21.3%
White Community Hospital, Aurora20$5,661,200$5,883,000−3.9%

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Figures: CMS Healthcare Cost Report Information System, file HOSPFY2000.ZIP, form CMS-2552-96, filed under CMS certification number 240086.

How this page was built: the CMS Medicare cost report, file HOSPFY2000.ZIP, read May 28, 2002.