Velarion Records

Psychiatric hospital · Ocala, Florida · 15 beds · CMS certification number 104068

The Centers

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended June 30, 2018, settled, stamped by CMS March 13, 2019. Fourteen years on file, every one shown below.

Fiscal 2018 at a glance

Net patient revenue
$27.3M
$27,259,303 · G-3 line 3
Operating expenses
$27.5M
$27,544,524 · G-3 line 4
Result from patient care
−$285K
−$285,221 · G-3 line 5
Margin on patient care
−1.1%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue rose from $12.3M in its first year on file (2005) to $27.3M in 2018.
  • Its result from patient care: −$1.9M (2016), −$1.5M (2017), −$285K (2018).
  • All 5 psychiatric hospital peers below with a margin on file also report a loss on patient care for fiscal year 2018.

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
2005
settled
$12.3M
$12.4M
2006
settled with audit
$18.8M
$19.4M
2007
settled
$22.0M
$21.0M
2008
settled
$25.5M
$25.3M
2009
settled
$25.7M
$25.9M
2010
settled
$28.3M
$27.6M
2011
settled
$30.8M
$31.2M
2012
settled
$30.9M
$31.5M
2013
settled
$28.4M
$31.0M
2014
settled
$29.0M
$30.0M
2015
settled
$27.6M
$29.2M
2016
settled
$27.9M
$29.8M
2017
settled
$29.2M
$30.7M
2018
settled
$27.3M
$27.5M

Beside its peers

Hospitals of the same type (psychiatric hospital), nearest in size, from Florida first; each on fiscal year 2018.

HospitalBedsNet patient revenueOperating expensesMargin
The Centers15$27,259,303$27,544,524−1.1%
Manatee Glens, Bradenton37$6,106,371$15,404,190−152.3%
Coral Shores Behavioral Health, Stuart40$4,331,743$7,521,589−73.6%
Eastside Psychiatric Hospital, Tallahassee46$3,373,495$3,553,135−5.3%
Jerome Golden Center for Bahavor, West Palm Beach44$22,161,563$24,754,200−11.7%
South Florida State Hospital, Pembroke Pines50$1,997,510$33,386,349−1571.4%

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Figures: CMS Healthcare Cost Report Information System, file HOSP10FY2017.ZIP, form CMS-2552-10, filed under CMS certification number 104068.

How this page was built: the CMS Medicare cost report, file HOSP10FY2017.ZIP, read March 13, 2019.