Velarion Records

Psychiatric hospital · Hobart, Indiana · 44 beds · CMS certification number 154038

CBHS of NW Indiana

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended February 3, 2000, settled, stamped by CMS September 11, 2002. Four years on file, every one shown below.

Fiscal 2000 at a glance

Net patient revenue
$2.8M
$2,758,025 · G-3 line 3
Operating expenses
$4.9M
$4,943,443 · G-3 line 4
Result from patient care
−$2.2M
−$2,185,418 · G-3 line 5
Margin on patient care
−79.2%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue fell from $6.2M in its first year on file (1997) to $2.8M in 2000.
  • Its result from patient care: −$1.2M (1998), −$1.1M (1999), −$2.2M (2000).
  • 4 of the 5 psychiatric hospital peers below with a margin on file also report a loss on patient care for fiscal year 2000.

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

Four years of filings

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

Net patient revenueOperating expenses
1997
reopened
$6.2M
$6.5M
1998
as submitted
$5.0M
$6.2M
1999
as submitted
$6.2M
$7.3M
2000
settled
$2.8M
$4.9M

Beside its peers

Psychiatric hospitals in Indiana with 25 to 49 beds, each on fiscal year 2000.

HospitalBedsNet patient revenueOperating expensesMargin
CBHS of NW Indiana44$2,758,025$4,943,443−79.2%
BHC - Lebanon, Lebanon44$2,286,161$3,109,924−36.0%
Michiana Behavioral Health, Plymouth40$8,381,720$9,083,407−8.4%
Bloomington Meadows Hospital, Bloomington34$10,195,686$8,033,82321.2%
CBHS of Indianapolis, Indianapolis48$5,182,478$7,779,875−50.1%
Valle Vista Health System, Greenwood40$5,850,862$7,516,448−28.5%

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More psychiatric hospitals in Indiana

Figures: CMS Healthcare Cost Report Information System, file HOSPFY1999.ZIP, form CMS-2552-96, filed under CMS certification number 154038.

How this page was built: the CMS Medicare cost report, file HOSPFY1999.ZIP, read September 11, 2002.