Velarion Records

Psychiatric hospital · Lawrenceville, Georgia · 76 beds · CMS certification number 114033

Summitridge

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended June 30, 1999, settled, stamped by CMS September 10, 2001. Three years on file, every one shown below.

Fiscal 1999 at a glance

Net patient revenue
$2.8M
$2,754,680 · G-3 line 3
Operating expenses
$3.6M
$3,625,753 · G-3 line 4
Result from patient care
−$871K
−$871,073 · G-3 line 5
Margin on patient care
−31.6%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue fell from $4.8M in its first year on file (1997) to $2.8M in 1999.
  • Its result from patient care: −$371K (1997), −$932K (1998), −$871K (1999).
  • All 5 psychiatric hospital peers below with a margin on file also report a loss on patient care for fiscal year 1999.

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

Three years of filings

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

Net patient revenueOperating expenses
1997
settled
$4.8M
$5.1M
1998
as submitted
$3.7M
$4.6M
1999
settled
$2.8M
$3.6M

Beside its peers

Psychiatric hospitals in Georgia with 50 to 99 beds, each on fiscal year 1999.

HospitalBedsNet patient revenueOperating expensesMargin
Summitridge76$2,754,680$3,625,753−31.6%
CBHS of Athens (Winds), Athens80$5,130,561$7,432,883−44.9%
CBHS of Sacramento, Roseveille80$7,619,124$10,769,864−41.3%
Charter Wichita BHS, Wichita80$4,969,495$7,186,133−44.6%
Ridgeview Institute, Smyrna70$12,755,514$13,763,639−7.9%
The Bradley Center, Columbus64$3,989,101$4,246,491−6.5%

Follow this hospital, free

We send this record now and tell you when it files again.

More psychiatric hospitals in Georgia

From the publisher of Velarion Records

Velarion Intel

Independent Decision-Grade Intelligence

Compensation and corporate governance intelligence for advisors, investors and companies. Executive and board pay for public companies, benchmarked against peers.

See what Intel shows

Figures: CMS Healthcare Cost Report Information System, file HOSPFY1998.ZIP, form CMS-2552-96, filed under CMS certification number 114033.

How this page was built: the CMS Medicare cost report, file HOSPFY1998.ZIP, read September 10, 2001.