Velarion Records

Critical access hospital · Ivanhoe, Minnesota · 18 beds · CMS certification number 241324

Divine Providence Health Center

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended February 28, 2007, settled, stamped by CMS August 5, 2008. Six years on file, every one shown below.

Fiscal 2007 at a glance

Net patient revenue
$1.8M
$1,761,210 · G-3 line 3
Operating expenses
$2.4M
$2,380,380 · G-3 line 4
Result from patient care
−$619K
−$619,170 · G-3 line 5
Margin on patient care
−35.2%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue fell from $3.4M in its first year on file (2002) to $1.8M in 2007.
  • Its result from patient care: −$1.5M (2005), −$1.9M (2006), −$619K (2007).
  • 3 of the 5 critical access hospital peers below with a margin on file also report a loss on patient care for fiscal year 2007.

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
2002
settled
$3.4M
$4.3M
2003
settled
$3.8M
$5.0M
2004
settled
$3.9M
$5.3M
2005
settled
$4.1M
$5.5M
2006
reopened
$3.7M
$5.6M
2007
settled
$1.8M
$2.4M

Beside its peers

Critical access hospitals in Minnesota with under 25 beds, each on fiscal year 2007.

HospitalBedsNet patient revenueOperating expensesMargin
Divine Providence Health Center18$1,761,210$2,380,380−35.2%
Glacial Ridge Hospital, Glenwood19$12,767,774$13,211,741−3.5%
Hendricks Commmuity Hospital, Hendricks19$9,806,110$9,345,0564.7%
Mayo Clinic Health System-Lake City, Lake City18$26,355,070$25,542,1813.1%
Ridgeview Sibley Medical Center, Arlington20$9,235,550$9,299,439−0.7%
Centracare - Benson, Benson18$9,188,968$9,469,545−3.0%

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Figures: CMS Healthcare Cost Report Information System, file HOSPFY2007.ZIP, form CMS-2552-96, filed under CMS certification number 241324.

How this page was built: the CMS Medicare cost report, file HOSPFY2007.ZIP, read August 5, 2008.