Velarion Records

Critical access hospital · Scotland Neck, North Carolina · 20 beds · CMS certification number 341302

Our Community Hospital

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended September 30, 2018, reopened, stamped by CMS January 13, 2022. 23 years on file, every one shown below.

Fiscal 2018 at a glance

Net patient revenue
$893K
$893,170 · G-3 line 3
Operating expenses
$1.3M
$1,306,606 · G-3 line 4
Result from patient care
−$413K
−$413,436 · G-3 line 5
Margin on patient care
−46.3%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue fell from $2.1M in its first year on file (1996) to $893K in 2018.
  • Its result from patient care: −$1.6M (2016), −$1.1M (2017), −$413K (2018).
  • 3 of the 5 critical access hospital peers below with a margin on file also report a loss on patient care for fiscal year 2018.

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

23 years of filings

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

Net patient revenueOperating expenses
1996
settled
$2.1M
$3.2M
1997
settled
$2.4M
$3.3M
1998
settled
$2.9M
$3.3M
1999
settled
$2.3M
$3.3M
2000
settled
$3.1M
$3.7M
2001
settled
$3.8M
$4.1M
2002
settled
$3.6M
$4.3M
2003
settled
$4.2M
$4.7M
2004
settled
$4.7M
$4.7M
2005
settled
$5.2M
$5.7M
2006
settled
$5.3M
$5.8M
2007
reopened
$4.2M
$5.5M
2008
settled
$5.0M
$5.6M
2009
settled
$4.5M
$5.9M
2010
settled
$4.4M
$5.7M
2011
settled
$4.7M
$5.7M
2012
settled
$4.8M
$5.7M
2013
settled
$4.7M
$5.8M
2014
settled
$4.3M
$5.6M
2015
settled
$4.0M
$5.6M
2016
settled
$4.3M
$5.9M
2017
settled
$4.5M
$5.6M
2018
reopened
$893K
$1.3M

Beside its peers

Critical access hospitals in North Carolina with under 25 beds, each on fiscal year 2018.

HospitalBedsNet patient revenueOperating expensesMargin
Our Community Hospital20$893,170$1,306,606−46.3%
ECU Health Bertie Hospital, Windsor6$22,202,200$18,125,61518.4%
Charles A Cannon Jr Memorial Hospital, Linville21$19,338,792$23,385,117−20.9%
Firsthealth Montgomery Memorial Hospital, Troy4$12,423,572$12,492,069−0.5%
Swain County Hospital, Bryson City24$13,536,575$14,710,354−8.7%
Outer Banks Health Hospital, Nags Head21$73,954,585$57,911,86921.7%

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Figures: CMS Healthcare Cost Report Information System, file HOSP10FY2018.ZIP, form CMS-2552-10, filed under CMS certification number 341302.

How this page was built: the CMS Medicare cost report, file HOSP10FY2018.ZIP, read January 13, 2022.