Velarion Records

Short-term acute care hospital · Ada, Minnesota · 14 beds · CMS certification number 240114

Bridges Medical Services

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended June 30, 2001, reopened, stamped by CMS December 22, 2005. Six years on file, every one shown below.

Fiscal 2001 at a glance

Net patient revenue
$2.2M
$2,208,940 · G-3 line 3
Operating expenses
$3.6M
$3,627,638 · G-3 line 4
Result from patient care
−$1.4M
−$1,418,698 · G-3 line 5
Margin on patient care
−64.2%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue fell from $4.0M in its first year on file (1996) to $2.2M in 2001.
  • Its result from patient care: −$769K (1999), −$2.2M (2000), −$1.4M (2001).
  • All 5 short-term acute care hospital peers below with a margin on file also report a loss on patient care for fiscal year 2001.

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
reopened
$4.0M
$4.3M
1997
reopened
$1.9M
$2.8M
1998
settled
$2.2M
$3.2M
1999
settled
$2.5M
$3.3M
2000
reopened
$3.4M
$5.7M
2001
reopened
$2.2M
$3.6M

Beside its peers

Short-term acute care hospitals in Minnesota with under 25 beds, each on fiscal year 2001.

HospitalBedsNet patient revenueOperating expensesMargin
Bridges Medical Services14$2,208,940$3,627,638−64.2%
Cook County North Shore Hospital, Grand Marais16$4,947,729$5,736,474−15.9%
Cook Hospital, Cook14$5,271,014$5,385,424−2.2%
Kittson Memorial Hospital, Hallock15$6,343,051$6,631,817−4.5%
Tweeten/Lutheran Health Care Center, Spring Grove10$2,533,108$2,897,798−14.4%
White Community Hospital, Aurora16$6,079,852$6,116,241−0.6%

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More short-term acute care hospitals in Minnesota

Figures: CMS Healthcare Cost Report Information System, file HOSPFY2001.ZIP, form CMS-2552-96, filed under CMS certification number 240114.

How this page was built: the CMS Medicare cost report, file HOSPFY2001.ZIP, read December 22, 2005.