Record report · CMS certification number 193098
COBALT REHABILITATION HOSPITAL
NEW ORLEANS, Louisiana · rehabilitation hospital
1. Finances, as filed
From this hospital’s Medicare cost report for the year ended 31 August 2020 — a reporting period of 243 days, not a full year.
| Figure | As filed | Where it comes from |
|---|---|---|
| Total patient revenue | $30,129,125 | CMS-2552-10 worksheet G300000 line 100 column 100 |
| Contractual allowances | $17,610,819 | CMS-2552-10 worksheet G300000 line 200 column 100 |
| Net patient revenue | $12,518,306 | CMS-2552-10 worksheet G300000 line 300 column 100 |
| Total operating expenses | $7,306,853 | CMS-2552-10 worksheet G300000 line 400 column 100 |
| Income from service to patients | $5,211,453 | CMS-2552-10 worksheet G300000 line 500 column 100 |
| Total facility beds | 60 | CMS-2552-10 worksheet S300001 line 1400 column 200 |
Cost report filed under CMS certification number 193098 for 1 January 2020 to 31 August 2020, settled. The public file it was read from.
2. Five hospitals in Louisiana of a similar size, for fiscal year 2020
Chosen for having bed counts close to this hospital’s, and listed by name. Not the state’s largest hospitals: a comparison only means something between hospitals of roughly the same size, and only across the same fiscal year. Each figure is that hospital’s own filing; the day each fiscal year ends differs and is shown.
| Hospital | Beds | Net patient revenue | Total operating expenses | Charity care, at cost | Uncompensated care, at cost | Period ended |
|---|---|---|---|---|---|---|
| COBALT REHABILITATION HOSPITAL | 60 | $12,518,306 | $7,306,853 | 31 August 2020 | ||
| CYPRESS GROVE BEHAVIORAL HEALTH | 60 | $3,621,682 | $3,449,767 | 31 December 2020 | ||
| NEW ORLEANS EAST HOSPITAL | 60 | $72,191,372 | $83,569,207 | $3,883,252 | $4,421,842 | 31 December 2020 |
| SAGE SPECIALTY CARE HOSPITAL | 59 | $12,712,659 | $11,478,710 | 31 August 2020 | ||
| SEASIDE HEALTH SYSTEM | 64 | $14,645,588 | $13,412,929 | 30 September 2020 | ||
| UNIVERSITY HOSPITAL & CLINICS | 65 | $155,724,591 | $178,753,220 | $6,451,412 | $12,270,324 | 30 June 2020 |
3. Where this hospital sits
No position is stated for this hospital.
4. Executive compensation and community benefit
Not in this report. Executive pay is filed on IRS Form 990 Part VII and community benefit on its Schedule H, under an employer identification number. Neither the 340B register nor the Medicare cost report carries that number, so nothing on either document identifies the same organization.
Every cost report on file
One row per filing, oldest first until you say otherwise. Every column orders both ways. Reporting periods differ between filings and the length of each is shown, because revenue over three months set beside revenue over twelve is a wrong number that looks right.
| Fiscal year ↑↓ | Period ended ↑↓ | Days ↑↓ | Form ↑↓ | Status ↑↓ | Beds ↑↓ | Net patient revenue ↑↓ | Total operating expenses ↑↓ | Income from service to patients ↑↓ | Charity care, at cost ↑↓ | Uncompensated care, at cost ↑↓ | Bad debt expense ↑↓ | Cost-to-charge ratio ↑↓ | Stamped by CMS |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2017 | 2017-12-31 | 375 | CMS-2552-10 | settled | 60 | $3,777,250 | $9,067,917 | −$5,290,667 | 2020-09-28 | ||||
| 2018 | 2018-12-31 | 364 | CMS-2552-10 | settled | 60 | $9,822,530 | $12,084,395 | −$2,261,865 | 2022-09-28 | ||||
| 2019 | 2019-12-31 | 364 | CMS-2552-10 | settled | 60 | $12,518,306 | $13,713,514 | −$1,195,208 | 2023-06-30 | ||||
| 2020 | 2020-08-31 | 243 | CMS-2552-10 | settled | 60 | $12,518,306 | $7,306,853 | $5,211,453 | 2024-03-18 |
How to read this report
Every figure above is printed as its source document printed it, with the exact place it came from beside it: the worksheet, line and column of the Medicare cost report this hospital filed under CMS certification number 193098. A reader holding the same public file can go to that cell.
Where this hospital is on the 340B covered-entity register, the registration facts come from the HRSA 340B OPAIS Covered Entity Daily Report. The two documents name the same hospital because they carry the same certification number, not because their names resemble each other.
A figure the hospital’s filing does not carry is left out. A figure whose value the filing’s own arithmetic contradicts is also left out. A year filed as submitted whose figures differ from the prior filing by more than the factor stated on the methodology page is marked beside the figure and left out of the distributions and the peer table until a settled version posts. Nothing here is estimated and nothing is carried in from another year.
No percentage or ratio is calculated anywhere in this report. Charity care and revenue sit in adjacent rows and the reader draws the relation.
Financial figures: CMS Healthcare Cost Report Information System, publication year 2020, file HOSP10FY2020.ZIP. Corrections: hello@velarionrecords.com. Velarion Records takes no position on the 340B Drug Pricing Program or anyone taking part in it.
The full report for COBALT REHABILITATION HOSPITAL
Every figure on this page as a document you can keep, file or send on: the finances as filed with the worksheet, line and column each one came from, five hospitals of a similar size in the same state, the contract-pharmacy network year by year, and what changed on the record.