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Short-term acute care hospital · Bagley, Minnesota · 40 beds · CMS certification number 240096

Clearwater County Memorial Hospital

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended January 31, 2002, settled, stamped by CMS July 28, 2005. Six years on file, every one shown below.

Fiscal 2002 at a glance

Net patient revenue
$11.5M
$11,521,791 · G-3 line 3
Operating expenses
$12.5M
$12,504,967 · G-3 line 4
Result from patient care
−$983K
−$983,176 · G-3 line 5
Margin on patient care
−8.5%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue rose from $5.8M in its first year on file (1996) to $11.5M in 2002.
  • Its result from patient care: −$766K (1999), −$1.3M (2000), −$983K (2002).
  • 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 2002.

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

Six years of filings

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

Net patient revenueOperating expenses
1996
settled
$5.8M
$6.0M
1997
settled
$7.9M
$8.1M
1998
settled
$7.4M
$8.3M
1999
settled
$7.9M
$8.7M
2000
reopened
$9.6M
$11.0M
2002
settled
$11.5M
$12.5M

Beside its peers

Short-term acute care hospitals in Minnesota with 25 to 49 beds, each on fiscal year 2002.

HospitalBedsNet patient revenueOperating expensesMargin
Clearwater County Memorial Hospital40$11,521,791$12,504,967−8.5%
Fairview Northland Hospital, Pronceton41$54,988,637$61,792,334−12.4%
Kanabec Hospital, Mora40$20,073,988$19,803,7951.4%
Lakewood Health System, Staples40$4,301,270$4,586,526−6.6%
St. Joseph S Area Health Services, Park Rapids41$21,901,956$21,425,0242.2%
Tri-County Hospital, Wadena41$20,977,186$20,439,2942.6%

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Figures: CMS Healthcare Cost Report Information System, file HOSPFY2001.ZIP, form CMS-2552-96, filed under CMS certification number 240096.

How this page was built: the CMS Medicare cost report, file HOSPFY2001.ZIP, read July 28, 2005.