Velarion Records

Psychiatric hospital · Louisville, Kentucky · 416 beds · CMS certification number 184000

Caritas Peace Center

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended July 31, 2001, reopened, stamped by CMS January 20, 2006. Five years on file, every one shown below.

Fiscal 2001 at a glance

Net patient revenue
$25.5M
$25,462,088 · G-3 line 3
Operating expenses
$28.2M
$28,175,173 · G-3 line 4
Result from patient care
−$2.7M
−$2,713,085 · G-3 line 5
Margin on patient care
−10.7%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue rose from $20.6M in its first year on file (1997) to $25.5M in 2001.
  • Its result from patient care: $416K (1999), −$134K (2000), −$2.7M (2001).
  • 3 of the 5 psychiatric hospital peers below with a margin on file also report a loss on patient care for fiscal year 2001.

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

Five years of filings

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

Net patient revenueOperating expenses
1997
reopened
$20.6M
$20.8M
1998
reopened
$25.3M
$23.2M
1999
reopened
$26.9M
$26.5M
2000
reopened
$28.0M
$28.2M
2001
reopened
$25.5M
$28.2M

Beside its peers

Hospitals of the same type (psychiatric hospital), nearest in size, from Kentucky first; each on fiscal year 2001.

HospitalBedsNet patient revenueOperating expensesMargin
Caritas Peace Center416$25,462,088$28,175,173−10.7%
Central State Hospital, Louisville192$13,738,434$27,224,803−98.2%
Eastern State Hospital, Lexington197$16,981,532$28,963,614−70.6%
Ridge Behavioral Health System, Lexington110$8,305,511$8,056,2383.0%
The Brook Hospital Kmi, Louisville94$13,820,339$11,589,98616.1%
Western State Hospital, Hopkinsville186$18,962,296$34,430,330−81.6%

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Figures: CMS Healthcare Cost Report Information System, file HOSPFY2000.ZIP, form CMS-2552-96, filed under CMS certification number 184000.

How this page was built: the CMS Medicare cost report, file HOSPFY2000.ZIP, read January 20, 2006.