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The 340B register and hospital finances — joined, watched daily, delivered.

Record report · CMS certification number 240153

ROSEAU AREA HOSPITAL

ROSEAU, Minnesota · short-term acute care hospital

1. Finances, as filed

From this hospital’s Medicare cost report for the year ended 30 September 2002.

FigureAs filedWhere it comes from
Total patient revenue$24,777,321CMS-2552-96 worksheet G300000 line 100 column 100
Contractual allowances$5,370,708CMS-2552-96 worksheet G300000 line 200 column 100
Net patient revenue$19,406,613CMS-2552-96 worksheet G300000 line 300 column 100
Total operating expenses$20,264,410CMS-2552-96 worksheet G300000 line 400 column 100
Income from service to patients−$857,797CMS-2552-96 worksheet G300000 line 500 column 100
Total facility beds25CMS-2552-96 worksheet S300001 line 1200 column 100

Cost report filed under CMS certification number 240153 for 1 October 2001 to 30 September 2002, reopened. The public file it was read from.

2. Five hospitals in Minnesota of a similar size, for fiscal year 2002

Chosen for having bed counts close to this hospital’s, and listed by name. Not the state’s largest hospitals: a comparison only means something between hospitals of roughly the same size, and only across the same fiscal year. Each figure is that hospital’s own filing; the day each fiscal year ends differs and is shown.

HospitalBedsNet patient revenueTotal operating expensesCharity care, at costUncompensated care, at costPeriod ended
CANNON FALLS HOSPITAL DISTRICT25$7,666,659$7,326,17731 March 2002
NORTHFIELD CITY HOSPITAL25$29,261,216$29,326,51531 December 2002
ROSEAU AREA HOSPITAL25$19,406,613$20,264,41030 September 2002
SIOUX VALLEY - CANBY CAMPUS27$11,433,324$11,523,74830 April 2002
ST. FRANCIS MEDICAL CENTER25$19,910,808$19,149,18130 June 2002
ST. JAMES HEALTH SERVICES27$3,252,657$3,786,35731 March 2002

3. Where this hospital sits

A position, not a score: the hospitals are counted, not ranked. Each line names the hospitals the position was taken over.

  • 60thpercentile of 67 hospitals in MN, same facility class, 25 to 49 bedsNet patient revenue

Net patient revenue across every hospital filing for 2002, with this one marked.

This hospital$4,441,653$198,445,249

Middle half between $9,841,531 and $89,715,734, midpoint $28,147,991, across 5,792 hospitals.

  • 58thpercentile of 67 hospitals in MN, same facility class, 25 to 49 bedsTotal operating expenses

Total operating expenses across every hospital filing for 2002, with this one marked.

This hospital$5,261,884$199,943,550

Middle half between $10,821,492 and $88,225,999, midpoint $29,604,774, across 5,891 hospitals.

  • 7thpercentile of 67 hospitals in MN, same facility class, 25 to 49 bedsTotal facility beds

Total facility beds across every hospital filing for 2002, with this one marked.

This hospital20312

Middle half between 35 and 174, midpoint 81, across 5,923 hospitals.

4. Executive compensation and community benefit

Not in this report. Executive pay is filed on IRS Form 990 Part VII and community benefit on its Schedule H, under an employer identification number. Neither the 340B register nor the Medicare cost report carries that number, so nothing on either document identifies the same organization.

Every cost report on file

One row per filing, oldest first until you say otherwise. Every column orders both ways. Reporting periods differ between filings and the length of each is shown, because revenue over three months set beside revenue over twelve is a wrong number that looks right.

5 filings, ordered by Fiscal year
Fiscal year Period ended Days Form Status Beds Net patient revenue Total operating expenses Income from service to patients Charity care, at cost Uncompensated care, at cost Bad debt expense Cost-to-charge ratio Stamped by CMS
19981998-09-30364CMS-2552-96settled with audit44$14,124,172$14,547,545−$423,3732001-08-16
19991999-09-30364CMS-2552-96reopened44$14,869,984$14,701,590$168,3942002-12-03
20002000-09-30365CMS-2552-96reopened37$16,009,628$15,859,931$149,6972006-01-20
20012001-09-30364CMS-2552-96settled25$18,260,158$18,024,702$235,4562004-02-03
20022002-09-30364CMS-2552-96reopened25$19,406,613$20,264,410−$857,7972006-01-20

How to read this report

Every figure above is printed as its source document printed it, with the exact place it came from beside it: the worksheet, line and column of the Medicare cost report this hospital filed under CMS certification number 240153. A reader holding the same public file can go to that cell.

Where this hospital is on the 340B covered-entity register, the registration facts come from the HRSA 340B OPAIS Covered Entity Daily Report. The two documents name the same hospital because they carry the same certification number, not because their names resemble each other.

A figure the hospital’s filing does not carry is left out. A figure whose value the filing’s own arithmetic contradicts is also left out. A year filed as submitted whose figures differ from the prior filing by more than the factor stated on the methodology page is marked beside the figure and left out of the distributions and the peer table until a settled version posts. Nothing here is estimated and nothing is carried in from another year.

No percentage or ratio is calculated anywhere in this report. Charity care and revenue sit in adjacent rows and the reader draws the relation.

Financial figures: CMS Healthcare Cost Report Information System, publication year 2002, file HOSPFY2002.ZIP. Corrections: hello@velarionrecords.com. Velarion Records takes no position on the 340B Drug Pricing Program or anyone taking part in it.

Everything above, in a document you can hand to a board or attach to a memo — each figure printed with the worksheet, line and column of the form it was read from, so the first question in the room is already answered.

The full report for ROSEAU AREA HOSPITAL

One hospital, both registers, five hospitals of its own size in its own state — as it stands today, in a file that keeps saying what it said on the day you bought it.

How the figures are built

Every value is the one its source document printed, shown with the file it came from. Nothing is estimated. How each figure is defined.

Who publishes this

Velarion Company Intelligence · Andrew Richardson, founder. Corrections reach a person: hello@velarionrecords.com. About this publication.

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