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Short-term acute care hospital · Harmony, Minnesota · 8 beds · CMS certification number 240150

Harmony Community Hospital Assn

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended September 30, 1999, reopened, stamped by CMS November 16, 2001. Four years on file, every one shown below.

Fiscal 1999 at a glance

Net patient revenue
$2.2M
$2,241,731 · G-3 line 3
Operating expenses
$2.8M
$2,753,085 · G-3 line 4
Result from patient care
−$511K
−$511,354 · G-3 line 5
Margin on patient care
−22.8%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue fell from $2.5M in its first year on file (1996) to $2.2M in 1999.
  • Its result from patient care: −$220K (1997), −$237K (1998), −$511K (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
settled
$2.5M
$2.5M
1997
settled
$2.4M
$2.7M
1998
reopened
$2.6M
$2.9M
1999
reopened
$2.2M
$2.8M

Beside its peers

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

HospitalBedsNet patient revenueOperating expensesMargin
Harmony Community Hospital Assn8$2,241,731$2,753,085−22.8%
Arnold Memorial Hospital, Adrian9$1,964,008$2,335,083−18.9%
Bridges Medical Services, Ada14$2,511,528$3,280,041−30.6%
Lakeside Medical Center, Pine City10$5,165,248$5,147,4560.3%
Phillips Eye Institute, Minneapolis10$18,042,088$18,550,256−2.8%
Tweeten/Lutheran Health Care Center, Spring Grove10$2,978,676$3,332,121−11.9%

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Figures: CMS Healthcare Cost Report Information System, file HOSPFY1999.ZIP, form CMS-2552-96, filed under CMS certification number 240150.

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