Velarion Records

Short-term acute care hospital · Spring Grove, Minnesota · 10 beds · CMS certification number 240135

Tweeten/Lutheran Health Care Center

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended September 30, 2001, settled, stamped by CMS August 27, 2004. Six years on file, every one shown below.

Fiscal 2001 at a glance

Net patient revenue
$2.5M
$2,533,108 · G-3 line 3
Operating expenses
$2.9M
$2,897,798 · G-3 line 4
Result from patient care
−$365K
−$364,690 · G-3 line 5
Margin on patient care
−14.4%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue fell from $3.4M in its first year on file (1996) to $2.5M in 2001.
  • Its result from patient care: −$353K (1999), −$364K (2000), −$365K (2001).
  • 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 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
$3.4M
$3.4M
1997
reopened
$3.5M
$3.6M
1998
reopened
$3.3M
$3.4M
1999
reopened
$3.0M
$3.3M
2000
settled
$2.7M
$3.1M
2001
settled
$2.5M
$2.9M

Beside its peers

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

HospitalBedsNet patient revenueOperating expensesMargin
Tweeten/Lutheran Health Care Center10$2,533,108$2,897,798−14.4%
Bridges Medical Services, Ada14$2,208,940$3,627,638−64.2%
Cook Hospital, Cook14$5,271,014$5,385,424−2.2%
Kittson Memorial Hospital, Hallock15$6,343,051$6,631,817−4.5%
Lakeside Medical Center, Pine City10$6,044,796$6,031,5590.2%
Phillips Eye Institute, Minneapolis10$18,831,292$18,501,5031.8%

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Figures: CMS Healthcare Cost Report Information System, file HOSPFY2001.ZIP, form CMS-2552-96, filed under CMS certification number 240135.

How this page was built: the CMS Medicare cost report, file HOSPFY2001.ZIP, read August 27, 2004.