Velarion Records

Psychiatric hospital · Kearney, Nebraska · 56 beds · CMS certification number 284007

Richard Young Hospital

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended June 30, 2003, reopened, stamped by CMS October 16, 2006. Seven years on file, every one shown below.

Fiscal 2003 at a glance

Net patient revenue
$3.0M
$3,031,599 · G-3 line 3
Operating expenses
$7.7M
$7,660,715 · G-3 line 4
Result from patient care
−$4.6M
−$4,629,116 · G-3 line 5
Margin on patient care
−152.7%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue fell from $6.2M in its first year on file (1997) to $3.0M in 2003.
  • Its result from patient care: −$1.2M (2001), −$2.7M (2002), −$4.6M (2003).
  • All 5 psychiatric hospital peers below with a margin on file also report a loss on patient care for fiscal year 2003.

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

Seven years of filings

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

Net patient revenueOperating expenses
1997
settled
$6.2M
$6.6M
1998
settled
$4.6M
$5.9M
1999
reopened
$4.4M
$6.0M
2000
settled
$4.9M
$6.1M
2001
settled
$5.5M
$6.7M
2002
reopened
$4.6M
$7.4M
2003
reopened
$3.0M
$7.7M

Beside its peers

Hospitals of the same type (psychiatric hospital), nearest in size, from Nebraska first; each on fiscal year 2003.

HospitalBedsNet patient revenueOperating expensesMargin
Richard Young Hospital56$3,031,599$7,660,715−152.7%
Douglas County Community Mental Health Center, Omaha30$22,540,827$31,694,433−40.6%
Hastings Regional Center, Hastings112$1,961,585$18,725,867−854.6%
Lincoln Regional Center, Lincoln210$3,341,271$26,871,589−704.2%
Norfolk Regional Center, Norfolk208$1,761,097$15,614,213−786.6%
Richard Young Center, Omaha82$1,855,219$4,092,733−120.6%

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Figures: CMS Healthcare Cost Report Information System, file HOSPFY2002.ZIP, form CMS-2552-96, filed under CMS certification number 284007.

How this page was built: the CMS Medicare cost report, file HOSPFY2002.ZIP, read October 16, 2006.