Velarion Records

Short-term acute care hospital · Sidney, New York · 45 beds · CMS certification number 330016

The Hospital

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended December 31, 2004, settled, stamped by CMS February 6, 2007. Nine years on file, every one shown below.

Fiscal 2004 at a glance

Net patient revenue
$14.1M
$14,056,684 · G-3 line 3
Operating expenses
$16.9M
$16,862,860 · G-3 line 4
Result from patient care
−$2.8M
−$2,806,176 · G-3 line 5
Margin on patient care
−20.0%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue rose from $12.2M in its first year on file (1996) to $14.1M in 2004.
  • Its result from patient care: −$1.0M (2002), −$1.5M (2003), −$2.8M (2004).
  • 4 of the 5 short-term acute care hospital peers below with a margin on file also report a loss on patient care for fiscal year 2004.

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

Nine years of filings

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

Net patient revenueOperating expenses
1996
settled with audit
$12.2M
$12.1M
1997
settled with audit
$12.8M
$12.7M
1998
settled with audit
$12.7M
$13.0M
1999
settled with audit
$13.0M
$13.3M
2000
settled
$12.6M
$13.0M
2001
settled
$14.3M
$14.5M
2002
settled
$14.2M
$15.2M
2003
reopened
$14.5M
$15.9M
2004
settled
$14.1M
$16.9M

Beside its peers

Short-term acute care hospitals in New York with 25 to 49 beds, each on fiscal year 2004.

HospitalBedsNet patient revenueOperating expensesMargin
The Hospital45$14,056,684$16,862,860−20.0%
Community Memorial Hospital, Hamilton40$28,431,995$29,945,489−5.3%
Edward John Noble Hospital, Gouverneur47$14,142,145$16,899,201−19.5%
Medina Memorial Hospital, Medina46$27,383,853$27,287,4940.4%
Schuyler Hospital, Montour Falls46$22,571,881$25,550,156−13.2%
Soldiers & Sailors Memorial Hospital, Penn Yan42$25,283,981$25,587,812−1.2%

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Figures: CMS Healthcare Cost Report Information System, file HOSPFY2004.ZIP, form CMS-2552-96, filed under CMS certification number 330016.

How this page was built: the CMS Medicare cost report, file HOSPFY2004.ZIP, read February 6, 2007.