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Psychiatric hospital · Charlotte, North Carolina · 50 beds · CMS certification number 344020

BHC - Cedar Spring

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended January 31, 1998, settled, stamped by CMS April 12, 2000. Three years on file, every one shown below.

Fiscal 1998 at a glance

Net patient revenue
$1.9M
$1,888,812 · G-3 line 3
Operating expenses
$2.4M
$2,436,364 · G-3 line 4
Result from patient care
−$548K
−$547,552 · G-3 line 5
Margin on patient care
−29.0%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue fell from $4.5M in its first year on file (1996) to $1.9M in 1998.
  • Its result from patient care: −$1.8M (1996), −$303K (1997), −$548K (1998).
  • 4 of the 5 psychiatric hospital peers below with a margin on file also report a loss on patient care for fiscal year 1998.

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
1996
settled
$4.5M
$6.2M
1997
as submitted
$3.6M
$3.9M
1998
settled
$1.9M
$2.4M

Beside its peers

Hospitals of the same type (psychiatric hospital), nearest in size, from North Carolina first; each on fiscal year 1998.

HospitalBedsNet patient revenueOperating expensesMargin
BHC - Cedar Spring50$1,888,812$2,436,364−29.0%
Brynn Marr Hospital, Jacksonville62$6,791,104$6,468,4184.8%
Charter BHS of Winston-Salem, Winston-Salem99$7,571,572$7,744,947−2.3%
Charter Pines B.H.S, Charlotte60$7,610,022$8,875,520−16.6%
Forsyth-Stokes Mental HLT Authority, Winston-Salem40$8,832,318$34,508,892−290.7%
Wake County Alcoholism Treatment Center, Raleigh34$3,570,951$9,603,429−168.9%

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Figures: CMS Healthcare Cost Report Information System, file HOSPFY1997.ZIP, form CMS-2552-96, filed under CMS certification number 344020.

How this page was built: the CMS Medicare cost report, file HOSPFY1997.ZIP, read April 12, 2000.