Velarion Records

Psychiatric hospital · Indianapolis, Indiana · 86 beds · CMS certification number 154034

Fairbanks

Latest filing: fiscal year ended June 30, 2011, settled, stamped by CMS May 28, 2013. Fifteen years on file, all shown below.

Fiscal 2011 at a glance

Net patient revenue $18.0M $18,042,017 · G-3 line 3
Operating expenses $17.9M $17,942,739 · G-3 line 4
Result from patient care $99K $99,278 · G-3 line 5
Margin on patient care 0.5% line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue rose from $4.6M in its first year on file (1997) to $18.0M in 2011.
  • Its result from patient care: $110K (2009), −$1.4M (2010), $99K (2011).
  • 2 of the 5 psychiatric hospital peers below with a margin on file also report a gain on patient care for fiscal year 2011.
  • Medicaid paid for 0.1% of its inpatient days and Medicare for 14.4%.

How these statements are drawn

Fifteen years of filings

Net patient revenueOperating expenses

1997 settled margin −28.8% $4.6M $6.0M

1998 settled margin −25.3% $5.4M $6.8M

1999 settled margin −20.8% $6.6M $7.9M

2000 settled margin −20.7% $7.4M $8.9M

2001 settled margin −10.6% $7.9M $8.8M

2002 settled margin 3.7% $8.6M $8.3M

2003 settled margin −8.5% $9.5M $10.4M

2004 settled margin −6.6% $11.5M $12.3M

2005 settled margin 2.1% $11.5M $11.2M

2006 settled margin −6.2% $11.7M $12.4M

2007 settled margin −6.6% $13.1M $14.0M

2008 settled margin −8.3% $6.8M $7.3M

2009 settled margin 0.7% $15.4M $15.3M

2010 reopened margin −8.8% $16.3M $17.8M

2011 settled margin 0.5% $18.0M $17.9M

Beside its peers

Nearest in size, Indiana first, fiscal year 2011.

Hospital Beds Net patient revenue Operating expenses Margin

Fairbanks 86 $18,042,017 $17,942,739 0.5%

Brentwood Meadows, Newburgh 48 $6,483,884 $7,078,033 −9.2%

Madison State Hospital, Madison 150 $32,045,991 $29,601,646 7.6%

Michiana Behavioral Health, Plymouth 51 $11,175,818 $10,790,659 3.5%

Valle Vista Health System, Greenwood 68 $11,632,354 $11,753,327 −1.0%

Wellstone Regional Hospital, Jeffersonville 88 $19,094,830 $19,567,783 −2.5%

Patients and payers

  • Discharges 2,220 S-3 line 14, col 15
  • Inpatient days 18,707 S-3 line 14, col 8
  • Beds in use, on an average day 51.4 days ÷ days in year
  • Occupancy 59.6% days ÷ bed days
  • Medicare share of days 14.4% S-3 cols 6 ÷ 8
  • Medicaid share of days 0.1% S-3 cols 7 ÷ 8

Who owns it

Control: voluntary nonprofit, other.

Follow Fairbanks, free

More psychiatric hospitals in Indiana

File HOSP10FY2010.ZIP, form CMS-2552-10, CMS certification number 154034.

How this page was built: the CMS Medicare cost report, file HOSP10FY2010.ZIP, read May 28, 2013.