Velarion Records

Rehabilitation hospital · Del Ray Beach, Florida · 90 beds · CMS certification number 103030

Pinecrest Rehab Hospital

Latest filing: fiscal year ended May 31, 2007, settled, stamped by CMS September 9, 2008. Eleven years on file, all shown below.

Fiscal 2007 at a glance

Net patient revenue $15.4M $15,356,537 · G-3 line 3
Operating expenses $18.5M $18,520,636 · G-3 line 4
Result from patient care −$3.2M −$3,164,099 · G-3 line 5
Margin on patient care −20.6% line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue rose from $13.3M in its first year on file (1997) to $15.4M in 2007.
  • Its result from patient care: $6.0M (2005), $388K (2006), −$3.2M (2007).
  • None of the 5 rehabilitation hospital peers below with a margin on file reports a loss on patient care for fiscal year 2007.

How these statements are drawn

Eleven years of filings

Net patient revenueOperating expenses

1997 reopened margin −48.6% $13.3M $19.8M

1998 settled with audit margin 30.1% $29.4M $20.6M

1999 reopened margin 17.3% $27.1M $22.4M

2000 reopened margin 20.6% $30.8M $24.4M

2001 reopened margin 21.9% $32.6M $25.4M

2002 reopened margin 14.8% $34.6M $29.5M

2003 reopened margin 29.0% $40.9M $29.0M

2004 settled margin 12.3% $33.5M $29.4M

2005 settled margin 17.3% $34.8M $28.7M

2006 settled margin 1.7% $22.4M $22.0M

2007 settled margin −20.6% $15.4M $18.5M

Beside its peers

Rehabilitation hospitals in Florida with 50 to 99 beds, fiscal year 2007.

Hospital Beds Net patient revenue Operating expenses Margin

Pinecrest Rehab Hospital 90 $15,356,537 $18,520,636 −20.6%

Encompass Health Rehabilitation Hospital of Panama City, Panama City 75 $14,703,581 $12,789,638 13.0%

Encompass Health Rehabilitation Hospital of Treasure Coast, Vero Beach 90 $19,239,832 $16,537,090 14.1%

Encompass Health Rehabilitation Hospital of Sarasota, Sarasota 76 $24,992,247 $20,242,572 19.0%

Encompass Health Rehabilitation Hospital of Tallahassee, Tallahassee 76 $16,293,541 $14,216,979 12.7%

Sea Pines Rehabilitation Hospital, an Affiliate of Encompass Health, Melbourne 90 $16,244,927 $13,824,316 14.9%

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More rehabilitation hospitals in Florida

File HOSPFY2006.ZIP, form CMS-2552-96, CMS certification number 103030.

How this page was built: the CMS Medicare cost report, file HOSPFY2006.ZIP, read September 9, 2008.