Velarion Records

Hospital · Ft Lauderdale, Florida · 22 beds · CMS certification number 101991

Daystar

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended April 1, 2004, settled, stamped by CMS March 18, 2005. Nine years on file, every one shown below.

Fiscal 2004 at a glance

Net patient revenue
$459K
$459,210 · G-3 line 3
Operating expenses
$760K
$760,147 · G-3 line 4
Result from patient care
−$301K
−$300,937 · G-3 line 5
Margin on patient care
−65.5%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue fell from $765K in its first year on file (1996) to $459K in 2004.
  • Its result from patient care: −$394K (2002), −$570K (2003), −$301K (2004).
  • 4 of the 5 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
$765K
$1.4M
1997
settled
$810K
$1.1M
1998
settled
$689K
$1.1M
1999
settled
$795K
$1.2M
2000
settled
$592K
$1.2M
2001
settled with audit
$640K
$1.2M
2002
reopened
$818K
$1.2M
2003
settled
$757K
$1.3M
2004
settled
$459K
$760K

Beside its peers

Hospitals in Florida with under 25 beds, each on fiscal year 2004.

HospitalBedsNet patient revenueOperating expensesMargin
Daystar22$459,210$760,147−65.5%
Eastside Psychiatric Hospital, Tallahassee24$2,509,094$2,889,563−15.2%
Florida State Hospital - LTCH, Chattachoochee24$3,498,267$113,355,831−3140.3%
Aspire Health Partners, Orlando24$30,052,165$31,613,254−5.2%
Nature Coast Regional Hospital, Williston20$7,911,318$8,161,867−3.2%
St. Anthony's Rehabilitation Hospital, Lauderdale Lakes20$19,137,312$19,129,2340.0%

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Figures: CMS Healthcare Cost Report Information System, file HOSPFY2004.ZIP, form CMS-2552-96, filed under CMS certification number 101991.

How this page was built: the CMS Medicare cost report, file HOSPFY2004.ZIP, read March 18, 2005.