Velarion Records

Short-term acute care hospital · Newark, New Jersey · 329 beds · CMS certification number 310062

United Healthcare System

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended February 18, 1997, reopened, stamped by CMS April 30, 2002. Two years on file, every one shown below.

Fiscal 1997 at a glance

Net patient revenue
$10.4M
$10,351,579 · G-3 line 3
Operating expenses
$23.8M
$23,801,518 · G-3 line 4
Result from patient care
−$13.4M
−$13,449,939 · G-3 line 5
Margin on patient care
−129.9%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue fell from $111.3M in its first year on file (1996) to $10.4M in 1997.
  • Its result from patient care: −$37.1M (1996), −$13.4M (1997).
  • All 5 short-term acute care hospital peers below with a margin on file also report a loss on patient care for fiscal year 1997.

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

Two years of filings

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

Net patient revenueOperating expenses
1996
reopened
$111.3M
$148.5M
1997
reopened
$10.4M
$23.8M

Beside its peers

Short-term acute care hospitals in New Jersey with 200 to 399 beds, each on fiscal year 1997.

HospitalBedsNet patient revenueOperating expensesMargin
United Healthcare System329$10,351,579$23,801,518−129.9%
Jersey City Medical Center, Jersey City348$138,135,905$155,290,980−12.4%
Virtua Mount Holly Hospital, Mt. Holly326$123,809,000$126,222,000−1.9%
Capital Health Medical Center - Hopewell, Trenton388$101,418,431$118,109,482−16.5%
Virtua Our Lady of Lordues Hospital, Camden320$158,955,131$159,441,065−0.3%
Shore Medical Center, Somers Point350$106,250,513$108,573,779−2.2%

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Figures: CMS Healthcare Cost Report Information System, file HOSPFY1997.ZIP, form CMS-2552-96, filed under CMS certification number 310062.

How this page was built: the CMS Medicare cost report, file HOSPFY1997.ZIP, read April 30, 2002.