Velarion Records

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

Record report · CMS certification number 240154

DEER RIVER HEALTH CARE CENTER INC.

DEER RIVER, Minnesota · short-term acute care hospital

1. Finances, as filed

From this hospital’s Medicare cost report for the year ended 30 November 2004.

FigureAs filedWhere it comes from
Total patient revenue$17,499,332CMS-2552-96 worksheet G300000 line 100 column 100
Contractual allowances$5,191,534CMS-2552-96 worksheet G300000 line 200 column 100
Net patient revenue$12,307,798CMS-2552-96 worksheet G300000 line 300 column 100
Total operating expenses$11,654,505CMS-2552-96 worksheet G300000 line 400 column 100
Income from service to patients$653,293CMS-2552-96 worksheet G300000 line 500 column 100
Total facility beds20CMS-2552-96 worksheet S300001 line 1200 column 100

Cost report filed under CMS certification number 240154 for 1 January 2004 to 30 November 2004, settled. The public file it was read from.

2. Five hospitals in Minnesota of a similar size, for fiscal year 2004

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 DISTRICT21$5,255,418$7,333,44031 March 2004
DEER RIVER HEALTH CARE CENTER INC.20$12,307,798$11,654,50530 November 2004
ELEAH MEDICAL CENTER20$4,862,806$6,285,04631 December 2004
JACKSON MEDICAL CENTER21$5,329,326$5,499,30730 April 2004
JOHNSON MEMORIAL HOSPITAL20$8,052,080$8,592,60230 September 2004
SIBLEY MEDICAL CENTER20$8,051,486$7,790,46130 September 2004

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.

  • 84thpercentile of 37 hospitals in MN, same facility class, under 25 bedsNet patient revenue

Net patient revenue across every hospital filing for 2004, with this one marked.

This hospital$5,256,947$230,501,831

Middle half between $11,232,157 and $101,534,075, midpoint $31,354,299, across 5,873 hospitals.

  • 82ndpercentile of 38 hospitals in MN, same facility class, under 25 bedsTotal operating expenses

Total operating expenses across every hospital filing for 2004, with this one marked.

This hospital$6,129,933$231,981,376

Middle half between $11,562,250 and $103,575,825, midpoint $32,001,519, across 5,964 hospitals.

  • 66thpercentile of 38 hospitals in MN, same facility class, under 25 bedsTotal facility beds

Total facility beds across every hospital filing for 2004, with this one marked.

This hospital20312

Middle half between 30 and 174, midpoint 76, across 6,001 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.

9 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
19961996-12-31365CMS-2552-96reopened26$6,040,608$6,150,435−$109,8272001-09-07
19971997-12-31364CMS-2552-96reopened26$6,242,579$6,572,043−$329,4642001-09-07
19981998-12-31364CMS-2552-96settled26$6,393,639$6,985,616−$591,9772001-11-21
19991999-12-31364CMS-2552-96settled26$6,970,992$7,164,340−$193,3482002-08-19
20002000-12-31365CMS-2552-96reopened20$7,529,769$7,804,429−$274,6602006-01-20
20012001-12-31364CMS-2552-96reopened20$8,447,575$8,779,461−$331,8862006-01-20
20022002-12-31364CMS-2552-96reopened20$9,598,624$9,423,500$175,1242006-01-20
20032003-12-31364CMS-2552-96reopened20$10,914,941$11,127,021−$212,0802006-07-26
20042004-11-30334CMS-2552-96settled20$12,307,798$11,654,505$653,2932006-02-07

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 240154. 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 2004, file HOSPFY2004.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 DEER RIVER HEALTH CARE CENTER INC.

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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