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Short-term acute care hospital · Baudette, Minnesota · 20 beds · CMS certification number 240098

Lakewood Health Center

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended July 29, 1999, settled, stamped by CMS November 16, 2001. Four years on file, every one shown below.

Fiscal 1999 at a glance

Net patient revenue
$5.1M
$5,065,128 · G-3 line 3
Operating expenses
$5.2M
$5,170,189 · G-3 line 4
Result from patient care
−$105K
−$105,061 · G-3 line 5
Margin on patient care
−2.1%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue rose from $4.7M in its first year on file (1996) to $5.1M in 1999.
  • Its result from patient care: −$31K (1997), −$134K (1998), −$105K (1999).
  • 4 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 1999.

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

Four years of filings

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

Net patient revenueOperating expenses
1996
reopened
$4.7M
$5.1M
1997
reopened
$5.4M
$5.4M
1998
reopened
$5.7M
$5.9M
1999
settled
$5.1M
$5.2M

Beside its peers

Short-term acute care hospitals in Minnesota with under 25 beds, each on fiscal year 1999.

HospitalBedsNet patient revenueOperating expensesMargin
Lakewood Health Center20$5,065,128$5,170,189−2.1%
Cook Hospital, Cook22$4,476,279$4,743,816−6.0%
Divine Providence Health Center, Ivanhoe21$2,923,523$3,196,219−9.3%
Grant County Health Center, Elbow Lake22$2,633,425$4,070,445−54.6%
North Valley Health Center, Warren20$3,038,685$2,991,1321.6%
White Community Hospital, Aurora20$5,272,248$5,375,463−2.0%

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Figures: CMS Healthcare Cost Report Information System, file HOSPFY1999.ZIP, form CMS-2552-96, filed under CMS certification number 240098.

How this page was built: the CMS Medicare cost report, file HOSPFY1999.ZIP, read November 16, 2001.