Velarion Records

Psychiatric hospital · Fayetteville, North Carolina · 85 beds · CMS certification number 344010

Cumberland Hospital

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended September 30, 2003, settled, stamped by CMS November 4, 2005. Eight years on file, every one shown below.

Fiscal 2003 at a glance

Net patient revenue
$2.2M
$2,163,714 · G-3 line 3
Operating expenses
$9.4M
$9,401,914 · G-3 line 4
Result from patient care
−$7.2M
−$7,238,200 · G-3 line 5
Margin on patient care
−334.5%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue fell from $6.3M in its first year on file (1996) to $2.2M in 2003.
  • Its result from patient care: −$7.5M (2001), −$312K (2002), −$7.2M (2003).
  • 2 of the 5 psychiatric hospital peers below with a margin on file also report a loss on patient care for fiscal year 2003.

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

Eight years of filings

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

Net patient revenueOperating expenses
1996
settled
$6.3M
$13.7M
1997
settled
$13.8M
$14.4M
1998
settled
$9.0M
$14.9M
1999
reopened
$7.5M
$15.1M
2000
settled
$8.9M
$12.7M
2001
settled
$5.7M
$13.2M
2002
settled
$13.2M
$13.5M
2003
settled
$2.2M
$9.4M

Beside its peers

Hospitals of the same type (psychiatric hospital), nearest in size, from North Carolina first; each on fiscal year 2003.

HospitalBedsNet patient revenueOperating expensesMargin
Cumberland Hospital85$2,163,714$9,401,914−334.5%
Brynn Marr Hospital, Jacksonville42$8,989,300$8,877,7331.2%
Cherry Hospital, Goldsboro385$14,602,612$18,160,554−24.4%
Holly Hill Hospital, Raleigh108$13,507,662$12,994,3143.8%
JFK Adatc, Black Mountain101$344,532$13,706,983−3878.4%
Walter B. Jones Adatc, Greenville50$510,773$38,46492.5%

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Figures: CMS Healthcare Cost Report Information System, file HOSPFY2003.ZIP, form CMS-2552-96, filed under CMS certification number 344010.

How this page was built: the CMS Medicare cost report, file HOSPFY2003.ZIP, read November 4, 2005.