Velarion Records

Psychiatric hospital · Meridian, Mississippi · 106 beds · CMS certification number 254006

Laurel Wood Center

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended December 31, 1999, settled, stamped by CMS January 15, 2002. Four years on file, every one shown below.

Fiscal 1999 at a glance

Net patient revenue
$3.2M
$3,219,647 · G-3 line 3
Operating expenses
$3.7M
$3,701,096 · G-3 line 4
Result from patient care
−$481K
−$481,449 · G-3 line 5
Margin on patient care
−14.9%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue fell from $4.0M in its first year on file (1996) to $3.2M in 1999.
  • Its result from patient care: −$452K (1997), −$1.9M (1998), −$481K (1999).
  • 4 of the 5 psychiatric hospital peers below with a margin on file also report a loss on patient care for fiscal year 1999.

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

Four years of filings

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

Net patient revenueOperating expenses
1996
reopened
$4.0M
$4.4M
1997
settled
$3.9M
$4.4M
1998
as submitted
$2.7M
$4.6M
1999
settled
$3.2M
$3.7M

Beside its peers

Hospitals of the same type (psychiatric hospital), nearest in size, from Mississippi first; each on fiscal year 1999.

HospitalBedsNet patient revenueOperating expensesMargin
Laurel Wood Center106$3,219,647$3,701,096−14.9%
BHC Sand Hill Hospital, Gulfport60$2,916,929$2,942,278−0.9%
CBHS Od Arizona / Glendale, Glendale60$8,185,123$10,530,340−28.6%
CBHS of Mississippi (Jackson), Jackson111$12,176,556$16,606,549−36.4%
Parkwood Behavioral Health System, Olive Branch70$8,111,890$8,011,6671.2%
Lakeland Behavioral Health System, Springfield (MO)106$11,795,508$13,574,394−15.1%

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Figures: CMS Healthcare Cost Report Information System, file HOSPFY1999.ZIP, form CMS-2552-96, filed under CMS certification number 254006.

How this page was built: the CMS Medicare cost report, file HOSPFY1999.ZIP, read January 15, 2002.