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Psychiatric hospital · Goldsboro, North Carolina · 272 beds · CMS certification number 344003

Cherry Hospital

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended June 30, 2008, settled, stamped by CMS November 5, 2013. Twelve years on file, every one shown below.

Fiscal 2008 at a glance

Net patient revenue
$7.8M
$7,782,065 · G-3 line 3
Operating expenses
$35.2M
$35,205,705 · G-3 line 4
Result from patient care
−$27.4M
−$27,423,640 · G-3 line 5
Margin on patient care
−352.4%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue fell from $12.2M in its first year on file (1997) to $7.8M in 2008.
  • Its result from patient care: −$13.5M (2006), −$23.1M (2007), −$27.4M (2008).
  • 3 of the 5 psychiatric hospital peers below with a margin on file also report a loss on patient care for fiscal year 2008.

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

Twelve years of filings

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

Net patient revenueOperating expenses
1997
reopened
$12.2M
$16.6M
1998
settled
$16.1M
$92.4M
1999
settled
$14.9M
$26.3M
2000
settled
$19.2M
$28.6M
2001
settled
$18.7M
$28.7M
2002
settled
$13.9M
$23.8M
2003
reopened
$14.6M
$18.2M
2004
settled
$11.4M
$32.5M
2005
settled
$10.3M
$25.6M
2006
settled
$9.1M
$22.6M
2007
settled
$7.4M
$30.5M
2008
settled
$7.8M
$35.2M

Beside its peers

Hospitals of the same type (psychiatric hospital), nearest in size, from North Carolina first; each on fiscal year 2008.

HospitalBedsNet patient revenueOperating expensesMargin
Cherry Hospital272$7,782,065$35,205,705−352.4%
Broughton Hospital, Morganton737$2,786,315$31,985,839−1048.0%
Holly Hill Hospital, Raleigh108$20,325,036$17,527,98113.8%
Central Regional Hospital, Butner334$55,118,592$123,720,353−124.5%
JFK Adatc, Black Mountain101$1,097,216$11,231,485−923.6%
Old Vineyard Behavioral Health Services, Winston Salem50$17,070,754$14,511,64515.0%

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Figures: CMS Healthcare Cost Report Information System, file HOSPFY2007.ZIP, form CMS-2552-96, filed under CMS certification number 344003.

How this page was built: the CMS Medicare cost report, file HOSPFY2007.ZIP, read November 5, 2013.