Velarion Records

Hospital · St Louis Park, Minnesota · 4 beds · CMS certification number 241990

Clifton House

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended July 31, 2003, settled with audit, stamped by CMS March 18, 2005. Seven years on file, every one shown below.

Fiscal 2003 at a glance

Net patient revenue
$48K
$48,407 · G-3 line 3
Operating expenses
$165K
$165,121 · G-3 line 4
Result from patient care
−$117K
−$116,714 · G-3 line 5
Margin on patient care
−241.1%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue fell from $489K in its first year on file (1997) to $48K in 2003.
  • Its result from patient care: −$213K (2001), −$287K (2002), −$117K (2003).
  • 3 of the 5 peers below with a margin on file also report a loss on patient care for fiscal year 2003.

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

Seven years of filings

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

Net patient revenueOperating expenses
1997
settled
$489K
$640K
1998
settled
$489K
$640K
1999
settled
$612K
$685K
2000
settled
$411K
$625K
2001
settled
$395K
$608K
2002
settled
$257K
$543K
2003
settled with audit
$48K
$165K

Beside its peers

Hospitals in Minnesota with under 25 beds, each on fiscal year 2003.

HospitalBedsNet patient revenueOperating expensesMargin
Clifton House4$48,407$165,121−241.1%
Lakeside Medical Center, Pine City10$5,380,445$5,808,757−8.0%
Madison Lutheran Home, Madison13$9,759,731$9,755,2840.1%
Mahnomen Health Center, Mahnomen10$4,761,862$4,842,160−1.7%
Phillips Eye Institute, Minneapolis10$22,514,057$21,825,9293.1%
Sanford Westbrook Medical Center, Westbrook13$2,811,618$2,932,423−4.3%

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Figures: CMS Healthcare Cost Report Information System, file HOSPFY2002.ZIP, form CMS-2552-96, filed under CMS certification number 241990.

How this page was built: the CMS Medicare cost report, file HOSPFY2002.ZIP, read March 18, 2005.