Velarion Records

Psychiatric hospital · Albuquerque, New Mexico · 43 beds · CMS certification number 324004

Memorial Psychiatric Hospital

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended June 30, 2002, settled, stamped by CMS August 24, 2004. Six years on file, every one shown below.

Fiscal 2002 at a glance

Net patient revenue
$5.3M
$5,251,075 · G-3 line 3
Operating expenses
$5.3M
$5,343,052 · G-3 line 4
Result from patient care
−$92K
−$91,977 · G-3 line 5
Margin on patient care
−1.8%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue fell from $6.8M in its first year on file (1997) to $5.3M in 2002.
  • Its result from patient care: −$193K (2000), −$1.0M (2001), −$92K (2002).
  • 3 of the 5 psychiatric hospital peers below with a margin on file also report a loss on patient care for fiscal year 2002.

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

Six years of filings

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

Net patient revenueOperating expenses
1997
reopened
$6.8M
$6.4M
1998
settled
$4.6M
$4.7M
1999
settled
$4.6M
$5.0M
2000
settled
$5.0M
$5.2M
2001
settled
$4.8M
$5.9M
2002
settled
$5.3M
$5.3M

Beside its peers

Hospitals of the same type (psychiatric hospital), nearest in size, from New Mexico first; each on fiscal year 2002.

HospitalBedsNet patient revenueOperating expensesMargin
Memorial Psychiatric Hospital43$5,251,075$5,343,052−1.8%
Brynn Marr Hospital, Jacksonville (NC)42$9,367,544$8,761,5186.5%
Arrowhead Behavioral Health, Maumee (OH)42$4,108,563$4,891,998−19.1%
Mesilla Valley Hospital, Las Cruces107$13,257,928$13,205,2300.4%
Oakwood Center of the Palm Beaches, West Palm Beach (FL)44$16,022,228$18,868,371−17.8%
Vantage Point of Northwest Arkansas, Fayetteville (AR)44$6,109,570$7,972,693−30.5%

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Figures: CMS Healthcare Cost Report Information System, file HOSPFY2001.ZIP, form CMS-2552-96, filed under CMS certification number 324004.

How this page was built: the CMS Medicare cost report, file HOSPFY2001.ZIP, read August 24, 2004.