Velarion Records

Long-term care hospital · Waltham, Massachusetts · 164 beds · CMS certification number 222024

Olympus Specialty Hosp-Lexington

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended June 30, 2000, settled with audit, stamped by CMS June 14, 2002. Five years on file, every one shown below.

Fiscal 2000 at a glance

Net patient revenue
$12.8M
$12,752,522 · G-3 line 3
Operating expenses
$13.8M
$13,849,712 · G-3 line 4
Result from patient care
−$1.1M
−$1,097,190 · G-3 line 5
Margin on patient care
−8.6%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue rose from $4.5M in its first year on file (1996) to $12.8M in 2000.
  • Its result from patient care: −$291K (1998), −$957K (1999), −$1.1M (2000).
  • All 5 long-term care hospital peers below with a margin on file also report a loss on patient care for fiscal year 2000.

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
1996
settled with audit
$4.5M
$6.7M
1997
reopened
$4.5M
$4.7M
1998
settled with audit
$8.9M
$9.2M
1999
settled with audit
$12.3M
$13.3M
2000
settled with audit
$12.8M
$13.8M

Beside its peers

Long-term care hospitals in Massachusetts with 100 to 199 beds, each on fiscal year 2000.

HospitalBedsNet patient revenueOperating expensesMargin
Olympus Specialty Hosp-Lexington164$12,752,522$13,849,712−8.6%
New England Sinai Hospital, Stoughton191$47,381,059$50,704,805−7.0%
Pam Health Specialty Hospital of Stoughton, Braintree178$26,761,645$30,221,315−12.9%
Olympus Specialty Hosp-Springfield, Springfield174$21,288,954$22,055,066−3.6%
Shaughnessy Kaplan Rehab., Salem120$26,888,660$27,534,474−2.4%
Spaulding Hospital for Continuing Medical Care - Cambridge, Cambridge146$29,584,866$30,652,038−3.6%

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Figures: CMS Healthcare Cost Report Information System, file HOSPFY1999.ZIP, form CMS-2552-96, filed under CMS certification number 222024.

How this page was built: the CMS Medicare cost report, file HOSPFY1999.ZIP, read June 14, 2002.