Velarion Records

Children's hospital · New Orleans, Louisiana · 204 beds · CMS certification number 193300

Manning Family Children's

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended December 31, 2025, as submitted, stamped by CMS June 9, 2026. 30 years on file, every one shown below. Also on the 340B covered-entity register.

Fiscal 2025 at a glance

Net patient revenue
$687.3M
$687,319,450 · G-3 line 3
Operating expenses
$597.8M
$597,804,716 · G-3 line 4
Result from patient care
$89.5M
$89,514,734 · G-3 line 5
Margin on patient care
13.0%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue rose from $75.8M in its first year on file (1996) to $687.3M in 2025.
  • Its result from patient care: $113.2M (2023), $98.0M (2024), $89.5M (2025).
  • 4 of the 5 children's hospital peers below with a margin on file also report a gain on patient care for fiscal year 2025.
  • Medicaid paid for 71.0% of its inpatient days and Medicare for 0.5%.

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

30 years of filings

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

Net patient revenueOperating expenses
1996
settled
$75.8M
$80.1M
1997
settled
$78.3M
$83.2M
1998
reopened
$87.3M
$93.1M
1999
as submitted
$100.5M
$104.4M
2000
settled
$105.9M
$117.1M
2001
reopened
$123.4M
$129.5M
2002
reopened
$129.7M
$145.9M
2003
reopened
$143.4M
$159.3M
2004
reopened
$146.3M
$170.2M
2005
settled
$130.4M
$168.8M
2006
settled
$144.7M
$168.1M
2007
settled
$186.2M
$205.5M
2008
reopened
$203.1M
$227.4M
2009
settled
$212.0M
$246.0M
2010
reopened
$191.3M
$253.2M
2011
reopened
$206.6M
$251.8M
2012
reopened
$237.5M
$282.5M
2013
reopened
$186.8M
$260.8M
2014
reopened
$201.7M
$260.5M
2015
settled
$196.9M
$265.2M
2016
reopened
$327.0M
$276.0M
2017
settled
$305.8M
$281.9M
2018
settled
$313.9M
$304.0M
2019
reopened
$365.3M
$348.9M
2020
settled
$358.7M
$372.6M
2021
settled
$398.5M
$424.7M
2022
reopened
$523.4M
$488.4M
2023
as submitted
$634.5M
$521.3M
2024
as submitted
$641.2M
$543.2M
2025
as submitted
$687.3M
$597.8M

Beside its peers

Hospitals of the same type (children's hospital), nearest in size, from Louisiana first; each on fiscal year 2025.

HospitalBedsNet patient revenueOperating expensesMargin
Manning Family Children's204$687,319,450$597,804,71613.0%
CHKD, Norfolk (VA)192$733,412,937$705,075,2243.9%
Connecticut Children's, Hartford (CT)205$486,835,402$598,697,287−23.0%
Covenant Children's Hospital, Lubbock (TX)184$477,255,093$386,909,18718.9%
Dayton Childrens Hospital, Dayton (OH)182$661,365,054$624,550,9705.6%
Nemours Childrens Hospital Delaware, Wilmington (DE)223$928,490,076$740,696,12520.2%

Patients and payers

Discharges
5,233
S-3 line 14, col 15
Inpatient days
46,229
S-3 line 14, col 8
Beds in use, on an average day
127.0
days ÷ days in year
Occupancy
61.0%
days ÷ bed days
Medicare share of days
0.5%
S-3 cols 6 ÷ 8
Medicaid share of days
71.0%
S-3 cols 7 ÷ 8

Who owns it

Indirect owner: LOUISIANA CHILDREN'S MEDICAL CENTER

Related organizations on its own cost report: LCMC, home office.

Other hospitals with the same owner: University Medical Center New Orleans (LA), West Jefferson Medical Center (LA), Touro Infirmary (LA), East Jefferson General Hospital (LA).

Type of control on its cost report: voluntary nonprofit, other.

Owners of 5% or more, from CMS’s hospital ownership file (Medicare enrollment, October 1, 2026).

Community benefit, as filed

From IRS Form 990 Schedule H, Part I, filed by CHILDREN'S HOSPITAL INC (employer identification number 720467503) for tax year 2022. The return lists this hospital as its one hospital facility.

FigureAs filedWhere it comes from
Total community benefit expense (line 7k)$88,744,813IRS Form 990 Schedule H, Part I, <TotalCommunityBenefitsGrp><NetCommunityBenefitExpnsAmt>
Financial assistance at cost (line 7a)$5,147,996IRS Form 990 Schedule H, Part I, <FinancialAssistanceAtCostTyp><NetCommunityBenefitExpnsAmt>
Medicaid (line 7b)$0IRS Form 990 Schedule H, Part I, <UnreimbursedMedicaidGrp><NetCommunityBenefitExpnsAmt>
Financial assistance and means-tested government programs (line 7d)$5,147,996IRS Form 990 Schedule H, Part I, <TotalFinancialAssistanceTyp><NetCommunityBenefitExpnsAmt>
Other benefits (line 7j)$83,596,817IRS Form 990 Schedule H, Part I, <TotalOtherBenefitsGrp><NetCommunityBenefitExpnsAmt>
Total, fraction of total expense (line 7k, column f)0.1727IRS Form 990 Schedule H, Part I, <TotalCommunityBenefitsGrp><TotalExpensePct>

E-file object id 202440459349300824. The IRS archive it was read from.

Executive and director compensation, as filed

From IRS Form 990 Part VII, Section A, filed by CHILDREN'S HOSPITAL INC (employer identification number 720467503) for tax year 2022. The return lists this hospital as its one hospital facility.

NameTitleRoleReportable comp, from this organizationReportable comp, from related organizationsOther compensation
ANDREA CHENAT-LARGE TRUSTEETrustee/director$0$0$0
ANTHONY TONY RECASNEREMERITUSTrustee/director$0$0$0
ASHLEIGH GARDEREAT-LARGE TRUSTEETrustee/director$0$0$0
BETTY LAURICELLAAT-LARGE TRUSTEETrustee/director$0$0$0
DAVID MANNINGPHYSICIANHighest-compensated employee$532,457$0$30,212
ELLIS ARJMANDSURGEON-IN-CHEIFHighest-compensated employee$1,388,735$0$34,376
GREGORY FEIRNBOARD TRUSTEE/CEO LCMCTrustee/director, Officer$0$2,439,917$33,804
GREGORY ST ETIENNEAT-LARGE TRUSTEETrustee/director$0$0$0
HENRY PELTIER MDAT-LARGE TRUSTEETrustee/director$0$0$0
JAMES MCMURRAYPHYSICIANHighest-compensated employee$544,468$0$25,781
JESSICA BRANDTAT-LARGE TRUSTEETrustee/director$0$0$0
JOHN R NICKENS IVBOARD TRUSTEE/CEOTrustee/director, Officer$1,937,905$0$25,551
JOSEPH GONZALESPHYSICIANHighest-compensated employee$659,298$0$31,976
JULIE GEORGECHAIRTrustee/director, Officer$0$0$0
KATIE CROSBYAT-LARGE TRUSTEETrustee/director$0$0$0
KAYLEA HILLAT-LARGE TRUSTEETrustee/director$0$0$0
LERON FINGERCHIEF QUALITY OFFICEROfficer$585,960$0$12,200
LOUIS LAURICELLAVICE CHAIRTrustee/director, Officer$0$0$0
LUCIO FRAGOSOCFO & CAOOfficer$1,435,563$0$118,591
MARK KLINE MDPHYSICIAN-IN-CHIEF (CAO-P)Trustee/director, Officer$859,939$0$119,038
NICOLE KOPARIPHYSICIANHighest-compensated employee$598,471$0$20,864
PINKI PRASAD MDEX-OFFICIOTrustee/director, Officer$0$0$0
SCOTT MACICEKCHIEF EXPERIENCE OFFICEROfficer$495,828$0$28,726
STEPHEN HALES MDIMMEDIATE PAST CHAIRTrustee/director, Officer$0$0$0
TOD SMITHSECRETARY / TREASURERTrustee/director, Officer$0$0$0
WALTON GOLDRINGAT-LARGE TRUSTEETrustee/director$0$0$0

E-file object id 202440459349300824. The IRS archive it was read from.

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Figures: CMS Healthcare Cost Report Information System, file HOSP10FY2025.ZIP, form CMS-2552-10, filed under CMS certification number 193300. Patients and payers: worksheet S-3 Part I of the same filing. Ownership: CMS Hospital All Owners and Hospital Enrollments.

How this page was built: the CMS Medicare cost report, file HOSP10FY2025.ZIP, read June 9, 2026.