Velarion Records

Psychiatric hospital · Beacon, New York · 49 beds · CMS certification number 334056

Craig House Center

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended October 9, 2000, settled with audit, stamped by CMS October 21, 2004. Five years on file, every one shown below.

Fiscal 2000 at a glance

Net patient revenue
$4.5M
$4,536,253 · G-3 line 3
Operating expenses
$5.1M
$5,140,262 · G-3 line 4
Result from patient care
−$604K
−$604,009 · G-3 line 5
Margin on patient care
−13.3%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue fell from $7.4M in its first year on file (1996) to $4.5M in 2000.
  • Its result from patient care: −$1.7M (1998), −$616K (1999), −$604K (2000).
  • 4 of the 5 psychiatric hospital peers below with a margin on file also report a loss on patient care for fiscal year 2000.

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

Five years of filings

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

Net patient revenueOperating expenses
1996
settled with audit
$7.4M
$8.5M
1997
settled with audit
$5.1M
$7.6M
1998
settled with audit
$5.0M
$6.6M
1999
settled
$5.9M
$6.5M
2000
settled with audit
$4.5M
$5.1M

Beside its peers

Hospitals of the same type (psychiatric hospital), nearest in size, from New York first; each on fiscal year 2000.

HospitalBedsNet patient revenueOperating expensesMargin
Craig House Center49$4,536,253$5,140,262−13.3%
Benjamin Rush Center, Syracuse107$3,438,812$3,061,73311.0%
Four Winds of Saratoga, Saratoga Springs88$20,690,446$21,791,477−5.3%
Holliswood Hospital, Holliswood100$17,420,585$18,807,949−8.0%
Rye Psychiatric Hospital Center, Rye34$4,185,803$4,990,479−19.2%
Stony Lodge Hospital, Briarcliff Manor61$11,206,541$11,948,375−6.6%

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Figures: CMS Healthcare Cost Report Information System, file HOSPFY2000.ZIP, form CMS-2552-96, filed under CMS certification number 334056.

How this page was built: the CMS Medicare cost report, file HOSPFY2000.ZIP, read October 21, 2004.