Velarion Records

Long-term care hospital · New Albany, Indiana · 60 beds · CMS certification number 152009

Southern Indiana Rehab Hospital

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended February 28, 2002, settled, stamped by CMS October 19, 2004. Six years on file, every one shown below.

Fiscal 2002 at a glance

Net patient revenue
$13.3M
$13,323,115 · G-3 line 3
Operating expenses
$12.5M
$12,549,711 · G-3 line 4
Result from patient care
$773K
$773,404 · G-3 line 5
Margin on patient care
5.8%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue rose from $11.2M in its first year on file (1997) to $13.3M in 2002.
  • Its result from patient care: −$991K (2000), $465K (2001), $773K (2002).
  • All 5 long-term care hospital peers below with a margin on file also report a gain on patient care for fiscal year 2002.

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

Six years of filings

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

Net patient revenueOperating expenses
1997
reopened
$11.2M
$10.8M
1998
reopened
$13.1M
$11.9M
1999
reopened
$12.6M
$12.3M
2000
reopened
$10.9M
$11.9M
2001
settled
$12.6M
$12.1M
2002
settled
$13.3M
$12.5M

Beside its peers

Hospitals of the same type (long-term care hospital), nearest in size, from Indiana first; each on fiscal year 2002.

HospitalBedsNet patient revenueOperating expensesMargin
Southern Indiana Rehab Hospital60$13,323,115$12,549,7115.8%
Kindred Hospital - Indianapolis, Indianapolis59$14,607,766$13,852,7985.2%
Kindred Hospital - Indianapolis Sout, Greenwood46$10,535,163$9,415,65410.6%
Select Specialty Hosp - Indianapolis, Indianapolis45$13,931,889$12,484,80510.4%
Select Specialty Hospital of NW Indy, Hammond70$13,532,600$11,557,84014.6%
St. Elizabeth Ann Seton Hospital, Carmel38$13,909,734$13,286,0884.5%

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Figures: CMS Healthcare Cost Report Information System, file HOSPFY2001.ZIP, form CMS-2552-96, filed under CMS certification number 152009.

How this page was built: the CMS Medicare cost report, file HOSPFY2001.ZIP, read October 19, 2004.