Velarion Records

Short-term acute care hospital · Baltimore, Maryland · 76 beds · CMS certification number 210031

The New Childrens Hospt.& CTR.

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended April 13, 1999, settled, stamped by CMS August 10, 2001. Three years on file, every one shown below.

Fiscal 1999 at a glance

Net patient revenue
$3.6M
$3,644,065 · G-3 line 3
Operating expenses
$16.0M
$15,973,899 · G-3 line 4
Result from patient care
−$12.3M
−$12,329,834 · G-3 line 5
Margin on patient care
−338.4%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue fell from $7.9M in its first year on file (1997) to $3.6M in 1999.
  • Its result from patient care: −$4.1M (1997), −$5.4M (1998), −$12.3M (1999).
  • 1 of the 5 short-term acute care hospital peers below with a margin on file also reports a loss on patient care for fiscal year 1999.

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

Three years of filings

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

Net patient revenueOperating expenses
1997
settled
$7.9M
$12.0M
1998
settled
$6.4M
$11.8M
1999
settled
$3.6M
$16.0M

Beside its peers

Hospitals of the same type (short-term acute care hospital), nearest in size, from Maryland first; each on fiscal year 1999.

HospitalBedsNet patient revenueOperating expensesMargin
The New Childrens Hospt.& CTR.76$3,644,065$15,973,899−338.4%
Dorchester General Hospital, Cambridge95$28,570,652$26,964,5565.6%
Garrett Regional Medical Center, Oakland88$20,251,847$20,240,3330.1%
University of Maryland Shore Medical Center at Chestertown, Chestertown74$25,032,588$23,833,7234.8%
McCready Memorial Hospital, Crisfield39$11,471,770$11,908,658−3.8%
University of Maryland Rehabilitation and Orthopaedic Institute, Baltimore122$42,063,093$39,675,1195.7%

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Figures: CMS Healthcare Cost Report Information System, file HOSPFY1998.ZIP, form CMS-2552-96, filed under CMS certification number 210031.

How this page was built: the CMS Medicare cost report, file HOSPFY1998.ZIP, read August 10, 2001.