Velarion Records

Critical access hospital · Owenton, Kentucky · 25 beds · CMS certification number 181312

New Horizons Health System

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended January 31, 2016, settled, stamped by CMS July 26, 2024. Fourteen years on file, every one shown below.

Fiscal 2016 at a glance

Net patient revenue
$8.0M
$8,001,877 · G-3 line 3
Operating expenses
$9.6M
$9,577,769 · G-3 line 4
Result from patient care
−$1.6M
−$1,575,892 · G-3 line 5
Margin on patient care
−19.7%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue rose from $6.8M in its first year on file (2002) to $8.0M in 2016.
  • Its result from patient care: −$584K (2013), −$1.5M (2014), −$1.6M (2016).
  • 4 of the 5 critical access hospital peers below with a margin on file also report a loss on patient care for fiscal year 2016.

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
2002
as submitted
$6.8M
$8.5M
2003
settled
$8.7M
$8.9M
2004
settled
$9.6M
$9.6M
2005
settled
$9.6M
$9.9M
2006
settled
$10.8M
$9.8M
2007
settled
$10.3M
$10.7M
2008
settled
$9.7M
$10.8M
2009
reopened
$10.6M
$11.5M
2010
reopened
$10.3M
$11.1M
2011
settled
$10.3M
$10.5M
2012
reopened
$10.7M
$11.0M
2013
reopened
$10.0M
$10.6M
2014
settled
$8.4M
$9.8M
2016
settled
$8.0M
$9.6M

Beside its peers

Critical access hospitals in Kentucky with 25 to 49 beds, each on fiscal year 2016.

HospitalBedsNet patient revenueOperating expensesMargin
New Horizons Health System25$8,001,877$9,577,769−19.7%
The James B Haggin Memorial Hospital, Harrodsburg25$18,341,534$20,206,023−10.2%
Mercy Health-Marcum and Wallace Hospital, Irvine25$15,435,468$19,704,795−27.7%
Deaconess Union County Hospital, Morganfield25$17,984,368$15,733,33012.5%
Arh Our Lady of the Way, Martin25$20,598,656$20,832,765−1.1%
Trigg County Hospital, Cadiz25$16,370,880$16,543,821−1.1%

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Figures: CMS Healthcare Cost Report Information System, file HOSP10FY2015.ZIP, form CMS-2552-10, filed under CMS certification number 181312.

How this page was built: the CMS Medicare cost report, file HOSP10FY2015.ZIP, read July 26, 2024.