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Short-term acute care hospital · West Union, Iowa · 25 beds · CMS certification number 160129

Palmer Lutheran Health Center

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended February 28, 2001, settled, stamped by CMS August 28, 2003. Six years on file, every one shown below.

Fiscal 2001 at a glance

Net patient revenue
$1.2M
$1,183,603 · G-3 line 3
Operating expenses
$1.4M
$1,364,975 · G-3 line 4
Result from patient care
−$181K
−$181,372 · G-3 line 5
Margin on patient care
−15.3%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue fell from $7.1M in its first year on file (1996) to $1.2M in 2001.
  • Its result from patient care: −$385K (1999), −$865K (2000), −$181K (2001).
  • All 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
$7.1M
$7.4M
1997
settled
$46.1M
$8.4M
1998
settled with audit
$7.6M
$8.4M
1999
settled
$8.1M
$8.5M
2000
settled
$7.3M
$8.1M
2001
settled
$1.2M
$1.4M

Beside its peers

Short-term acute care hospitals in Iowa with 25 to 49 beds, each on fiscal year 2001.

HospitalBedsNet patient revenueOperating expensesMargin
Palmer Lutheran Health Center25$1,183,603$1,364,975−15.3%
Central Community Hospital, Elkader27$1,700,100$1,807,989−6.3%
Guthrie County Hospital, Guthrie Cente25$2,275,662$2,845,988−25.1%
Madison County Memorial Hospital, Winterset25$8,716,371$13,182,561−51.2%
Merrill Pioneer Community Hospital, Rock Rapids26$2,454,680$3,827,122−55.9%
St. Joseph Community Hospital, New Hampton25$6,011,105$7,588,497−26.2%

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Figures: CMS Healthcare Cost Report Information System, file HOSPFY2001.ZIP, form CMS-2552-96, filed under CMS certification number 160129.

How this page was built: the CMS Medicare cost report, file HOSPFY2001.ZIP, read August 28, 2003.