Velarion Records

Rehabilitation hospital · Louisville, Kentucky · 40 beds · CMS certification number 183031

Gateway Rehab Hospital at Norton

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended February 22, 2008, settled, stamped by CMS October 26, 2012. Seven years on file, every one shown below.

Fiscal 2008 at a glance

Net patient revenue
$3.3M
$3,329,998 · G-3 line 3
Operating expenses
$4.9M
$4,915,329 · G-3 line 4
Result from patient care
−$1.6M
−$1,585,331 · G-3 line 5
Margin on patient care
−47.6%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue fell from $6.7M in its first year on file (2002) to $3.3M in 2008.
  • Its result from patient care: $300K (2006), −$1.7M (2007), −$1.6M (2008).
  • 2 of the 5 rehabilitation hospital peers below with a margin on file also report a loss on patient care for fiscal year 2008.

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

Seven years of filings

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

Net patient revenueOperating expenses
2002
settled
$6.7M
$7.1M
2003
settled
$9.2M
$7.2M
2004
settled
$9.6M
$8.1M
2005
settled
$9.5M
$8.6M
2006
settled
$7.9M
$7.6M
2007
reopened
$5.7M
$7.3M
2008
settled
$3.3M
$4.9M

Beside its peers

Hospitals of the same type (rehabilitation hospital), nearest in size, from Kentucky first; each on fiscal year 2008.

HospitalBedsNet patient revenueOperating expensesMargin
Gateway Rehab Hospital at Norton40$3,329,998$4,915,329−47.6%
Cardinal Hill Rehabilitation Hospital, Lexington108$47,129,025$47,715,830−1.3%
Gateway Rehabilitation Hospital, Florence40$8,933,418$9,253,774−3.6%
Encompass Health Rehabilitation Hospital of Lakeview, Elizabethtown40$9,119,993$8,234,6319.7%
Encompass Health Rehabilitation Hospital of Northern Kentucky, Edgewood40$12,938,328$10,139,11421.6%
Southern Kentucky Rehabilitation Hospital, Bowling Green60$17,950,252$16,535,6557.9%

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Figures: CMS Healthcare Cost Report Information System, file HOSPFY2007.ZIP, form CMS-2552-96, filed under CMS certification number 183031.

How this page was built: the CMS Medicare cost report, file HOSPFY2007.ZIP, read October 26, 2012.