As of the July, 2022, release via CMS


LAKEWOOD HEALTH SYSTEM


  • CMS id: 241329
  • 49725 COUNTY 83, STAPLES MN 56479. County: TODD
  • System: --
  • CBSA: Rural Minnesota

The 135-bed, CAH hospital had $-931,000 in net service to patients*, with a total profit margin of 6.62603% in fiscal year 2021, the latest year available.
It spent 1.13% of its operating expenses on uncompensated care and reported $0 in Medicaid shortfall.

* For more about Net Service to Patients and operating revenue, please the finance section below.


Note: Medians are from CAH hospitals with "complete" fiscal years. For more about how we calculated medians and cost reports in general, please click here.


Details

2017 2018 2019 2020 2021
# of days in fyear 365 365 365 366 365
Ownership
nfp nfp nfp nfp nfp
Acute beds
Median
22
23
22
23
22
23
22
23
22
23
Total beds
Median
135
25
135
25
135
25
135
25
135
25
FTEs
Median
663.59
149.18
681.05
151.6
671.94
151.58
623.51
152.78
628.38
151.99

Finances As they appear in worksheet G3 of the cost reports.

Note: Net Patient Revenue is considered operating revenue, which means Net Service to Patients is considered operating profit. Click here for more about cost report financials

2017 2018 2019 2020 2021
Net patient revenue ?
Median
112,425,957
19,395,819
99,806,141
19,790,685
102,607,192
20,891,573
102,181,443
20,752,910
117,687,153
22,925,976
Operating expenses
Median
103,148,655
21,082,256
100,958,803
21,740,728
103,849,940
22,449,917
104,360,670
23,028,561
118,618,153
24,906,213
Net income from service 2 patients (NS2P) ?
Median
9,277,302
-1,166,928
-1,152,662
-1,178,891
-1,242,748
-1,189,234
-2,179,227
-1,989,193
-931,000
-1,175,562
NS2P margin ?
Median
8.25%
-6.37
-1.15%
-6.47
-1.21%
-6.58
-2.13%
-10.52
-0.79%
-5.81

Range* of Net Service to Patient (NS2P) margins

= NS2P margin for LAKEWOOD HEALTH SYSTEM compared to all** CAH hospitals, from CMS cost reports.
Note: NS2P is considered operating margin by MACPAC. The chart below is interactive: click or touch to see more.


* Data range does not show outliers, which fall beyond the minimum and maximum of the range.
** From cost reports with complete fiscal years. Number of CAH hospitals available to calculate medians:

2017 2018 2019 2020 2021
1,314 1,322 1,316 1,319 1,132

2017 2018 2019 2020 2021
Other income*
Median
Click here to show/hide details
4,321,930
1,517,926
4,010,206
1,554,100
5,863,727
1,708,825
11,482,644
3,606,354
9,348,424
4,946,640
Total income ?
Median
13,599,232
445,049
2,857,544
379,292
4,620,979
655,032
9,303,417
1,453,054
8,417,424
3,734,026
Non-operating expenses
Median
-2,408
56,329
-4,213
45,230
-5
61,507
35
80,747
9
39,130
Net income
Median
13,601,640
309,249
2,861,757
305,537
4,620,984
515,321.5
9,303,382
1,282,423
8,417,415
3,678,491
Net margin
Median
11.65044%
1.7%
2.75656%
1.61%
4.26011%
2.36%
8.18498%
5.41%
6.62603%
13.38%

* About "Other income": Other income, or line 25 in worksheet G3, is the sum of lines 6 through 24. It includes three lines that are considered non-operating revenue - contributions, investments and government appropriations. Medians are included for these three lines. It also contains items that are not central to providing healthcare, such as revenue from parking or gift shops.
"Sum Line 24" is a special case. Called "Other (specify)" in the cost reports, CMS allows for this line to be "subscripted," or divided into sublines like 002400, 002401, 002402. And hospitals do that, up to 100 lines, to detail income (and sometimes negative returns) that are otherwise not covered in the previous "other" lines. Therefore, "Sum Line 24" is the sum of all the lines 24.


Range* of total profit (loss) margins

= Total margin for LAKEWOOD HEALTH SYSTEM compared to all** CAH hospitals, from CMS cost reports.
The chart below is interactive: click or touch to see more.


* Data range does not show outliers, which fall beyond the minimum and maximum of the range.
** From cost reports with complete fiscal years. Number of CAH hospitals available to calculate medians:

2017 2018 2019 2020 2021
1,314 1,322 1,316 1,319 1,132


Medicare revenue

Inpatient and outpatient revenue

2017 2018 2019 2020 2021
All inpatient revenue
Median
Click here to show/hide details
6,864,560
1,512,374
7,426,078
1,478,094
5,202,486
1,365,460
4,841,323
1,289,169
4,095,793
1,354,214
All outpatient revenue
Median
Click here to show/hide details
15,076,891
4,108,627
14,855,185
4,367,646
12,254,354
4,566,928
12,408,012
4,517,324
12,803,613
4,554,272

Other payments

Item 2017 2018 2019 2020 2021
Graduate Medical Education (GME)
Median
0
--
0
--
0
--
0
--
0
--
Disproportionate-share hospital (DSH)
Median
0
--
0
--
0
--
0
--
0
--
Outlier
Median
140,442
4,679
152,762
5,256
55,721
5,165.5
4,709
6,341
10,518
5,998

Uncompensated care

Item 2017 2018 2019 2020 2021
Medicaid shortfall
Median
503,313
553,475.5
0
567,149
0
599,174.5
0
641,417
0
631,057
Charity care
Median
529,027
190,496
713,374
225,101
809,684
238,624
497,122
260,478.5
412,107
225,887
Uncompensated care (UCC)
Median
2,094,703
860,218.5
1,387,001
933,428
1,643,139
986,290
1,437,467
998,939
1,339,950
871,713
UCC as a %
of operating expenses
Median
2.03%
3.77
1.37%
3.82
1.58%
3.7
1.38%
3.74
1.13%
3.04
Total shortfall/UCC
Median
2,598,016
1,405,482
1,387,001
1,525,979
1,643,139
1,576,055
1,437,467
1,691,815
1,339,950
1,476,802

Labor costs

2017 2018 2019 2020 2021
Total salaries
Median
40,494,272
8,521,101
42,253,092
8,786,419
41,850,208
9,086,354
40,752,152
9,512,636
44,792,801
9,933,360
Salaries as a % of operating expenses
Median
39.26
42.53
41.85
42.58
40.30
42.62
39.05
42.72
37.76
42.27
Intern, resident salaries*
Median
0
--
0
--
0
--
0
--
0
--
Contract intern, resident salaries*
Median
0
--
0
--
0
--
0
--
0
--
Contract adjusted salaries, direct-care
Median
0
--
0
--
0
--
0
--
0
--
Contract hours, direct-care
Median
0.00
--
0.00
--
0.00
--
0.00
--
0.00
--
Contract wages, direct-care
Median
0.00
--
0.00
--
0.00
--
0.00
--
0.00
--

* in an approved program


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Cost reports are self-reported by the facility, are subject to revision and should be considered preliminary.

* Net Service to patients (NS2P) equals net patient revenue minus operating expenses. NS2P is considered the equivalent of operating profit according to the Medicaid and CHIP Payment and Access Commission (MACPAC). See the last paragraph of "Primary Data Sources" on page 55 of Annual Analysis of Disproportionate Share Hospital Allotments to States (PDF).

About medians

  • Medians are calculated from reports with "complete" fiscal years, or reports with fiscal years of at least 300 days and no more than 420 days.
  • In cases where there are fewer than 50 values reported, medians are not calculated. For childrens' hospitals, it's when fewer than 20 are reported.

Web app by Tim Broderick | email.