Velarion Records

Short-term acute care hospital · Charlotte, North Carolina · 15 beds · CMS certification number 340009

Presbyterian Specialty Hospt.

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended December 31, 1999, settled, stamped by CMS August 24, 2004. Four years on file, every one shown below.

Fiscal 1999 at a glance

Net patient revenue
$2.3M
$2,257,842 · G-3 line 3
Operating expenses
$2.5M
$2,533,774 · G-3 line 4
Result from patient care
−$276K
−$275,932 · G-3 line 5
Margin on patient care
−12.2%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue fell from $6.9M in its first year on file (1996) to $2.3M in 1999.
  • Its result from patient care: −$971K (1997), −$631K (1998), −$276K (1999).
  • 3 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 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
settled
$6.9M
$6.9M
1997
settled
$5.6M
$6.5M
1998
as submitted
$4.9M
$5.5M
1999
settled
$2.3M
$2.5M

Beside its peers

Hospitals of the same type (short-term acute care hospital), nearest in size, from North Carolina first; each on fiscal year 1999.

HospitalBedsNet patient revenueOperating expensesMargin
Presbyterian Specialty Hospt.15$2,257,842$2,533,774−12.2%
Highlands-Cashiers Hospital, Highlands24$8,979,210$9,585,939−6.8%
Hugh Chatham Memorial Hospital, Elkin1$38,559,271$37,496,1602.8%
North Carolina Specialty Hospital, Durham16$8,870,614$9,011,294−1.6%
St. Joseph of the Pines, Southern Pines4$6,943,878$19,574,438−181.9%
Wilmington Treatment Center, Wilmington27$4,073,214$3,753,9057.8%

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Figures: CMS Healthcare Cost Report Information System, file HOSPFY1999.ZIP, form CMS-2552-96, filed under CMS certification number 340009.

How this page was built: the CMS Medicare cost report, file HOSPFY1999.ZIP, read August 24, 2004.