Velarion Records

Critical access hospital · Albany, Minnesota · 17 beds · CMS certification number 241331

Albany Area Hospital

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended June 30, 2015, settled, stamped by CMS June 2, 2020. Fourteen years on file, every one shown below.

Fiscal 2015 at a glance

Net patient revenue
$10.9M
$10,890,149 · G-3 line 3
Operating expenses
$11.6M
$11,620,000 · G-3 line 4
Result from patient care
−$730K
−$729,851 · G-3 line 5
Margin on patient care
−6.7%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue rose from $6.7M in its first year on file (2002) to $10.9M in 2015.
  • Its result from patient care: $337K (2013), $277K (2014), −$730K (2015).
  • 3 of the 5 critical access hospital peers below with a margin on file also report a loss on patient care for fiscal year 2015.

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

Fourteen years of filings

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

Net patient revenueOperating expenses
2002
reopened
$6.7M
$6.2M
2003
settled
$7.4M
$6.9M
2004
settled
$8.0M
$7.3M
2005
settled
$9.1M
$8.2M
2006
settled
$9.5M
$8.6M
2007
reopened
$8.8M
$8.9M
2008
settled
$9.3M
$9.0M
2009
settled
$10.0M
$9.8M
2010
settled
$10.8M
$10.1M
2011
settled
$10.2M
$10.5M
2012
settled
$10.8M
$11.0M
2013
settled
$11.6M
$11.3M
2014
settled with audit
$12.1M
$11.9M
2015
settled
$10.9M
$11.6M

Beside its peers

Critical access hospitals in Minnesota with under 25 beds, each on fiscal year 2015.

HospitalBedsNet patient revenueOperating expensesMargin
Albany Area Hospital17$10,890,149$11,620,000−6.7%
Mayo Clinic Health System-Lake City, Lake City18$40,619,692$41,468,971−2.1%
River's Edge Hospital & Clinic, St. Peter17$25,517,482$26,351,968−3.3%
Ridgeview Sibley Medical Center, Arlington17$13,490,289$12,110,76510.2%
Centracare - Benson, Benson18$12,454,091$13,502,789−8.4%
Windom Area Health, Windom18$16,646,864$15,497,6636.9%

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More critical access hospitals in Minnesota

Figures: CMS Healthcare Cost Report Information System, file HOSP10FY2014.ZIP, form CMS-2552-10, filed under CMS certification number 241331.

How this page was built: the CMS Medicare cost report, file HOSP10FY2014.ZIP, read June 2, 2020.