Velarion Records

Short-term acute care hospital · Hawthorne, California · 138 beds · CMS certification number 050420

Robert F. Kennedy

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended June 30, 2004, settled, stamped by CMS September 20, 2006. Nine years on file, every one shown below.

Fiscal 2004 at a glance

Net patient revenue
$47.7M
$47,653,192 · G-3 line 3
Operating expenses
$84.4M
$84,389,781 · G-3 line 4
Result from patient care
−$36.7M
−$36,736,589 · G-3 line 5
Margin on patient care
−77.1%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue rose from $29.4M in its first year on file (1996) to $47.7M in 2004.
  • Its result from patient care: −$8.3M (2002), −$10.4M (2003), −$36.7M (2004).
  • 1 of the 5 short-term acute care hospital peers below with a margin on file also reports 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
reopened
$29.4M
$27.5M
1997
reopened
$20.8M
$25.8M
1998
reopened
$39.8M
$44.3M
1999
reopened
$41.6M
$45.6M
2000
reopened
$47.0M
$53.0M
2001
settled
$40.4M
$53.4M
2002
settled
$26.5M
$34.8M
2003
settled
$62.2M
$72.5M
2004
settled
$47.7M
$84.4M

Beside its peers

Short-term acute care hospitals in California with 100 to 199 beds, each on fiscal year 2004.

HospitalBedsNet patient revenueOperating expensesMargin
Robert F. Kennedy138$47,653,192$84,389,781−77.1%
Century City Hosp, Los Angeles143$63,657,492$66,737,097−4.8%
Corona Regional Medical Center, Corona136$88,248,165$83,981,6894.8%
Uci Health - Los Alamitos, Los Alamitos142$101,649,805$89,435,15012.0%
Providence Queen of the Valley Medical Center, Napa141$159,211,795$149,050,7456.4%
Redlands Community Hospital, Redlands138$146,734,904$141,503,0263.6%

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Figures: CMS Healthcare Cost Report Information System, file HOSPFY2003.ZIP, form CMS-2552-96, filed under CMS certification number 050420.

How this page was built: the CMS Medicare cost report, file HOSPFY2003.ZIP, read September 20, 2006.