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Short-term acute care hospital · Waupaca, Wisconsin · 35 beds · CMS certification number 520154

Riverside Medical Center

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended March 5, 2004, reopened, stamped by CMS May 1, 2007. Nine years on file, every one shown below.

Fiscal 2004 at a glance

Net patient revenue
$9.3M
$9,258,774 · G-3 line 3
Operating expenses
$9.5M
$9,514,772 · G-3 line 4
Result from patient care
−$256K
−$255,998 · G-3 line 5
Margin on patient care
−2.8%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue fell from $15.3M in its first year on file (1996) to $9.3M in 2004.
  • Its result from patient care: $793K (2002), $540K (2003), −$256K (2004).
  • 3 of the 5 short-term acute care hospital peers below with a margin on file also report a loss on patient care for fiscal year 2004.

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

Nine years of filings

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

Net patient revenueOperating expenses
1996
settled
$15.3M
$13.9M
1997
settled
$16.2M
$15.0M
1998
settled
$18.3M
$16.7M
1999
settled
$18.6M
$17.5M
2000
settled
$18.3M
$17.7M
2001
reopened
$18.8M
$18.9M
2002
settled
$21.7M
$20.9M
2003
settled
$22.1M
$21.5M
2004
reopened
$9.3M
$9.5M

Beside its peers

Short-term acute care hospitals in Wisconsin with 25 to 49 beds, each on fiscal year 2004.

HospitalBedsNet patient revenueOperating expensesMargin
Riverside Medical Center35$9,258,774$9,514,772−2.8%
Baldwin Area Medical Center, Baldwin33$20,533,923$21,014,329−2.3%
Memorial Hospital of Boscobel, Boscobel36$12,787,958$13,412,693−4.9%
Reedsburg Area Medical Center, Reedsburg38$28,987,897$28,521,3221.6%
Sauk Prairie Healthcare, Prairie Du Sac36$35,314,633$34,693,0571.8%
Southwest Health Center, Platteville35$19,569,644$21,283,200−8.8%

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Figures: CMS Healthcare Cost Report Information System, file HOSPFY2004.ZIP, form CMS-2552-96, filed under CMS certification number 520154.

How this page was built: the CMS Medicare cost report, file HOSPFY2004.ZIP, read May 1, 2007.