Velarion Records

Psychiatric hospital · Omaha, Nebraska · 82 beds · CMS certification number 284008

Richard Young Center

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended March 31, 2003, reopened, stamped by CMS November 7, 2005. Three years on file, every one shown below.

Fiscal 2003 at a glance

Net patient revenue
$1.9M
$1,855,219 · G-3 line 3
Operating expenses
$4.1M
$4,092,733 · G-3 line 4
Result from patient care
−$2.2M
−$2,237,514 · G-3 line 5
Margin on patient care
−120.6%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue fell from $12.6M in its first year on file (2001) to $1.9M in 2003.
  • Its result from patient care: −$4.4M (2001), −$6.9M (2002), −$2.2M (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.

Three years of filings

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

Net patient revenueOperating expenses
2001
settled
$12.6M
$16.9M
2002
settled
$13.6M
$20.6M
2003
reopened
$1.9M
$4.1M

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 Center82$1,855,219$4,092,733−120.6%
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 Hospital, Kearney56$3,031,599$7,660,715−152.7%

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Figures: CMS Healthcare Cost Report Information System, file HOSPFY2003.ZIP, form CMS-2552-96, filed under CMS certification number 284008.

How this page was built: the CMS Medicare cost report, file HOSPFY2003.ZIP, read November 7, 2005.