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Short-term acute care hospital · Ivanhoe, Minnesota · 18 beds · CMS certification number 240184

Divine Providence Health Center

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended October 31, 2001, reopened, stamped by CMS January 20, 2006. Six years on file, every one shown below.

Fiscal 2001 at a glance

Net patient revenue
$3.7M
$3,709,356 · G-3 line 3
Operating expenses
$4.2M
$4,214,280 · G-3 line 4
Result from patient care
−$505K
−$504,924 · G-3 line 5
Margin on patient care
−13.6%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue rose from $2.8M in its first year on file (1996) to $3.7M in 2001.
  • Its result from patient care: −$273K (1999), −$372K (2000), −$505K (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
settled
$2.8M
$2.8M
1997
settled
$2.9M
$3.1M
1998
settled
$2.8M
$3.1M
1999
settled
$2.9M
$3.2M
2000
reopened
$3.2M
$3.5M
2001
reopened
$3.7M
$4.2M

Beside its peers

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

HospitalBedsNet patient revenueOperating expensesMargin
Divine Providence Health Center18$3,709,356$4,214,280−13.6%
Albany Area Hospital, Albany17$5,978,438$5,787,6493.2%
Jackson Medical Center, Jackson20$4,325,149$4,757,901−10.0%
Madison Lutheran Home, Madison18$9,638,027$8,825,1168.4%
North Valley Health Center, Warren20$2,705,799$3,097,532−14.5%
Tyler Healthcare Center, Tyler19$4,613,547$5,186,524−12.4%

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Figures: CMS Healthcare Cost Report Information System, file HOSPFY2001.ZIP, form CMS-2552-96, filed under CMS certification number 240184.

How this page was built: the CMS Medicare cost report, file HOSPFY2001.ZIP, read January 20, 2006.