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Short-term acute care hospital · Minneapolis, Minnesota · 8 beds · CMS certification number 240196

Phillips Eye Institute

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended July 31, 2019, settled, stamped by CMS May 17, 2022. 24 years on file, every one shown below.

Fiscal 2019 at a glance

Net patient revenue
$20.2M
$20,177,435 · G-3 line 3
Operating expenses
$19.2M
$19,243,334 · G-3 line 4
Result from patient care
$934K
$934,101 · G-3 line 5
Margin on patient care
4.6%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue rose from $12.7M in its first year on file (1996) to $20.2M in 2019.
  • Its result from patient care: −$236K (2017), $1.2M (2018), $934K (2019).
  • 2 of the 5 short-term acute care hospital peers below with a margin on file also report a gain on patient care for fiscal year 2019.

Every statement is drawn from figures on this page; nothing is estimated.

24 years of filings

Net patient revenue against operating expenses, each year as filed.

Net patient revenueOperating expenses
1996
reopened
$12.7M
$13.4M
1997
reopened
$13.3M
$14.1M
1998
reopened
$15.1M
$15.5M
1999
settled
$18.0M
$18.6M
2000
reopened
$17.6M
$16.8M
2001
reopened
$18.8M
$18.5M
2002
settled
$21.0M
$20.1M
2003
settled
$22.5M
$21.8M
2004
reopened
$24.5M
$23.4M
2005
settled
$25.0M
$24.3M
2006
settled
$27.4M
$26.7M
2007
settled
$28.6M
$28.2M
2008
settled
$31.1M
$31.0M
2009
settled
$30.5M
$31.8M
2010
reopened
$30.0M
$30.2M
2011
reopened
$30.2M
$29.0M
2012
reopened
$31.4M
$29.5M
2013
settled
$34.5M
$30.5M
2014
settled
$35.1M
$31.6M
2015
settled
$35.2M
$32.6M
2016
settled
$33.4M
$35.1M
2017
settled
$34.4M
$34.6M
2018
settled
$35.7M
$34.5M
2019
settled
$20.2M
$19.2M

Beside its peers

Hospitals of the same type (short-term acute care hospital), nearest in size, from Minnesota first; each on fiscal year 2019.

HospitalBedsNet patient revenueOperating expensesMargin
Phillips Eye Institute8$20,177,435$19,243,3344.6%
Allina Health Faribault Medical Center, Faribault32$50,475,987$53,245,563−5.5%
Fairview Northland Hospital, Princeton34$74,496,478$71,125,5524.5%
Grand Itasca Clinic and Hospital, Grand Rapids36$95,268,389$96,374,109−1.2%
Owatonna Hospital, Owatonna29$58,847,439$58,022,5651.4%
Regina Hospital, Hastings29$62,445,036$66,829,122−7.0%

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Figures: CMS Healthcare Cost Report Information System, file HOSP10FY2019.ZIP, form CMS-2552-10, filed under CMS certification number 240196.

How this page was built: the CMS Medicare cost report, file HOSP10FY2019.ZIP, read May 17, 2022.