Velarion Records

Psychiatric hospital · Fort Washington, Pennsylvania · 146 beds · CMS certification number 394006

Northwest Institute of Psychiatry

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended June 30, 2003, settled, stamped by CMS April 27, 2004. Seven years on file, every one shown below.

Fiscal 2003 at a glance

Net patient revenue
$19.7M
$19,662,608 · G-3 line 3
Operating expenses
$20.7M
$20,677,152 · G-3 line 4
Result from patient care
−$1.0M
−$1,014,544 · G-3 line 5
Margin on patient care
−5.2%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue rose from $11.8M in its first year on file (1997) to $19.7M in 2003.
  • Its result from patient care: −$209K (2001), $1.7M (2002), −$1.0M (2003).
  • 3 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.

Seven years of filings

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

Net patient revenueOperating expenses
1997
settled
$11.8M
$14.8M
1998
settled
$20.6M
$24.1M
1999
settled
$19.1M
$21.4M
2000
settled
$24.6M
$25.1M
2001
settled
$20.8M
$21.1M
2002
settled
$21.5M
$19.9M
2003
settled
$19.7M
$20.7M

Beside its peers

Psychiatric hospitals in Pennsylvania with 100 to 199 beds, each on fiscal year 2003.

HospitalBedsNet patient revenueOperating expensesMargin
Northwest Institute of Psychiatry146$19,662,608$20,677,152−5.2%
Belmont Behavioral Hospital, Philadelphia145$29,458,000$29,809,000−1.2%
Danville State Hospital, Danville150$21,916,206$27,039,066−23.4%
Fairmount Behavioral Health System, Philadelphia169$22,103,358$21,728,2531.7%
Horsham Clinic, Ambler146$27,477,717$26,679,9872.9%
Kirkbride Center, Philadelphia173$14,922,302$17,847,472−19.6%

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Figures: CMS Healthcare Cost Report Information System, file HOSPFY2002.ZIP, form CMS-2552-96, filed under CMS certification number 394006.

How this page was built: the CMS Medicare cost report, file HOSPFY2002.ZIP, read April 27, 2004.