Short Term Acute Care HospitalProprietary

V Covington, Llc

Waukegan, IL

2615 Washington Street, Waukegan, IL 60085

Not rated by CMS

CMS star rating

161

Beds

4,372

Inpatient discharges a year

$55.8M

Net patient revenue a year

About this hospital

V Covington, Llc is a 161-bed proprietary hospital in Waukegan, IL.

CCN: 144042
NPI: 1134634116
Website: lakebehavioralhospital.com
County: Lake County
Metro area: Chicago-Naperville-Elgin, IL-IN MSA
Medicare contractor: Jurisdiction 5, WPS Government Health Administrators (05901)
In Medicare since: 2020
Last CMS survey: 2020

Negotiated Rates

The data below comes from CMS-mandated price transparency data. Learn more.

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No contract information available for this hospital.

Contract data may be available through direct hospital inquiry.

Insurance Accepted

Acceptance varies by plan and service. Confirm coverage with your insurer or the hospital's billing department.

More about this hospital

Quality
Not rated by CMS
See quality ratings
Doctors and services
Accredited by The Joint Commission
See doctors and services
Finances
$55.8M net patient revenue
- Operating margin on patient care -11.1%
- -$1.4M net income
See finances
Ownership and leadership
Owned by US Healthvest, Llc
- Private (for profit)
See ownership and leadership

Tax IDs and NPIs insurers list

The employer identification numbers (EINs) health plans and networks list for V Covington, Llc in the in-network rate files they publish, with the organization NPIs billed under each.

Tax ID (EIN)	Plans and networks listing it	Organization NPIs
46-5500908Lake Behavioral Hospital	59Aetna, Cigna, United Healthcare (incl Optum, Rocky Mountain, Health Plan of Nevada, Sierra Health), Allied Benefit Systems, Ambetter and 54 more	1134634116 V Covington Llc1952350878 Vista Health

Source: PayerPrice analysis of insurers' Transparency in Coverage in-network files. An EIN can cover several hospitals and clinics in a health system, and insurers sometimes list other organizations' NPIs under it.

Location

2615 Washington Street, Waukegan, IL 60085

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Every CMS quality measure

Each result CMS publishes for V Covington, Llc, beside the US median and the average of IL hospitals. The rank says what share of US hospitals the result is better or worse than; counts and confidence limits are not ranked.

Inpatient psychiatric care15 measures

Measures CMS reports for the hospital's psychiatric unit or for a psychiatric hospital.

Measure	V Covington, Llc	US median	IL average	CMS comparison	US rank
Follow-up care within 30 days after psychiatric hospitalization2023-07-01 to 2024-06-30 · 165 cases	44.2	60.8	61.49		Worse than 87% of US hospitals
Follow-up care within 7 days after psychiatric hospitalization2023-07-01 to 2024-06-30 · 165 cases	24.2	35.5	35.96		Worse than 86% of US hospitals
Hours of physical-restraint use per 1,000 psychiatric patient hours2024-01-01 to 2024-12-31 · 46,779 cases	0.13	0.05	0.399		Better than 67% of US hospitals
Hours of seclusion use per 1,000 psychiatric patient hours2024-01-01 to 2024-12-31 · 46,779 cases	0.07	0.03	0.09122		Better than 60% of US hospitals
Psychiatric patients screened for and given the flu vaccine2024-10-01 to 2025-03-31 · 461 cases	100	87	78.18		The best result, shared by 7% of US hospitals
Medication continuation after psychiatric discharge2022-07-01 to 2024-06-30 · 371 cases	72.2	78.1	76.67		Worse than 74% of US hospitals
Readmitted to any hospital within 30 days of psychiatric discharge2022-07-01 to 2024-06-30 · 355 cases	24.5	19.1	20.08	Worse Than the National Rate	Worse than 97% of US hospitals
Psychiatric patients screened for metabolic disorders2024-01-01 to 2024-12-31 · 769 cases	100	92	82.91		The best result, shared by 14% of US hospitals
Alcohol use brief intervention provided or offered2024-01-01 to 2024-12-31 · 206 cases	100	74	63.93		The best result, shared by 8% of US hospitals
Alcohol use brief intervention provided2024-01-01 to 2024-12-31 · 205 cases	97	81	72.61		Better than 81% of US hospitals
Alcohol and other drug use disorder treatment provided or offered at discharge2024-01-01 to 2024-12-31 · 564 cases	77	77	69.11		Worse than 50% of US hospitals
Alcohol and other drug use disorder treatment provided at discharge2024-01-01 to 2024-12-31 · 564 cases	27	56	55.13		Worse than 78% of US hospitals
Tobacco use treatment provided or offered at discharge2024-01-01 to 2024-12-31 · 231 cases	87	64	55.46		Better than 75% of US hospitals
Tobacco use treatment provided at discharge2024-01-01 to 2024-12-31 · 231 cases	10	4	24.33		Better than 60% of US hospitals
Discharged patients who received a transition record with the specified elements2024-01-01 to 2024-12-31 · 1,033 cases	100	77	54.33		The best result, shared by 9% of US hospitals

Source: CMS Care Compare hospital files, latest release 2026-08-13, with program results for earlier fiscal years from CMS's archived snapshots. US medians and ranks count every hospital CMS reports; state averages are plain means of the state's reporting hospitals, not CMS's patient-weighted state rates.

Accreditation and services

The Joint Commission (since 2025)
Accreditation
None
Medical school affiliation
Private (for profit)
Ownership type
386
Medicare-certified beds
48
Registered nurses (full-time equivalent)
2020
In Medicare since

Source: CMS Provider of Services file, as reported by the hospital and state surveyors.

Size and patient volume

What V Covington, Llc reported to Medicare in its latest cost report, covering Jan 1, 2025 to Dec 31, 2025.

4,372
Inpatient discharges
Medicare 6%, Medicaid 4%
50,441
Inpatient days
86% of available bed days used
282
Employees (full-time equivalent)

Source: CMS cost report (HCRIS) (report 837931). Figures cover the reporting period, which is not always 12 months, and are self-reported.

Utilization by payer and unit

Inpatient days and discharges V Covington, Llc reported by payer. Medicare and Medicaid include their managed care plans, shown separately below.

	Medicare	Medicaid	Other	Total
Inpatient days	3,554	2,095	44,792	50,441
Discharges	281	187	3,904	4,372
Average length of stay	12.6 days	11.2 days	11.5 days	11.5 days
Average daily census	9.7	5.7	122.7	138.2

23,485
Medicaid managed care days
2,415 discharges

Beds and days by unit

Unit	Beds	Inpatient days	Medicare days	Occupancy
Adults & pediatrics	161	50,441	3,554	86%

Source: CMS cost report (HCRIS, Form 2552-10), report 837931, as submitted. Hospitals report these figures themselves; they are not audited financial statements. Worksheet S-3 Part I.

Where patients come from

ZIP codes with the most Medicare inpatient stays at V Covington, Llc in 2025. Market share is this hospital's part of every hospital's Medicare stays from the ZIP code. Its published Medicare stays went from 19 in 2021 to 39 in 2025.

ZIP code	Stays	Of this hospital's stays	Days	Charges	Market share
60031	20	51%	227	$514,903	1%
60085	19	49%	238	$541,001	1%

Source: CMS Hospital Service Area file. Shares are of the 39 stays from ZIP codes CMS publishes; it omits ZIP codes with fewer than 11 stays, so market shares count published stays only.

Staff and facilities

Staff by profession and the rooms and units V Covington, Llc reported at its latest Medicare certification survey (2020). Counts are people, not full-time equivalents.

48
Registered nurses
3
Licensed practical nurses
9
Physicians
1
Nurse practitioners
2
Pharmacists
1
Dietitians
39
Social workers
1
Psychologists
98
Other personnel

Source: CMS Provider of Services file.

Income statement

Revenue, expenses and income V Covington, Llc reported to Medicare for Jan 1, 2025 to Dec 31, 2025. Percentages are of net patient revenue.

Line	Amount	Share
Gross patient revenue (charges)	$126.1M	226.1%
Inpatient	$121.4M	217.6%
Outpatient	$4.7M	8.5%
Contractual allowances and discounts	-$70.3M	-126.1%
Net patient revenue	$55.8M	100.0%
Operating expenses	-$62M	-111.1%
Operating income from patient care	-$6.2M	-11.1%
Other income	$4.8M	8.5%
Investment income	$9,476	0.0%
Other	$4.7M	8.5%
Net income	-$1.4M	-2.6%

Gross revenue by payer

Line	Amount	Share
Traditional Medicare	$315,183	0.3%
Other payers and self-pay	$118.9M	99.7%
Total charges	$119.2M	100.0%

Source: CMS cost report (HCRIS, Form 2552-10), report 837931, as submitted. Hospitals report these figures themselves; they are not audited financial statements. Traditional Medicare is the program charges on Worksheets D-3 and D Part V; Medicaid is from Worksheet S-10.

Financial ratios

Computed from V Covington, Llc's latest cost report.

-11.1%
Operating margin
Operating income from patient care / net patient revenue
-2.4%
Total margin
Net income / net patient revenue plus other income
3.7%
EBITDAR margin
Net income before interest, depreciation and leases (Worksheet A-7), / total revenue
32% of expenses
Personnel costs
Salaries, direct-care contract labor and core wage-related costs / operating expenses
-1.6%
Return on assets
Net income for a year / total assets
-3.8%
Return on equity
Net income for a year / fund balance
0.66
Long-term debt to fund balance
Mortgages, notes and loans / fund balance
2.09
Current ratio
Current assets / current liabilities
2.03
Quick ratio
Cash, temporary investments and net receivables / current liabilities
11 days
Days cash on hand
Cash and temporary investments / daily operating expenses excluding depreciation
32 days
Days in patient receivables
Net patient receivables / daily net patient revenue
20 days
Average payment period
Current liabilities / daily operating expenses excluding depreciation
0.66
Asset turnover
Total revenue for a year / total assets
5.7 years
Average age of plant
Accumulated depreciation / depreciation for a year

Source: CMS cost report (HCRIS, Form 2552-10), report 837931, as submitted. Hospitals report these figures themselves; they are not audited financial statements.

Balance sheet

What V Covington, Llc owned and owed at the end of its reporting period (Dec 2025), across all fund types: $91.1M in total assets and a $37.9M fund balance.

Show the balance sheet

Line	Amount	Of total assets
Cash and temporary investments	$1.8M	1.9%
Patient receivables, net	$4.9M	5.4%
Inventory	$75,645	0.1%
Total current assets	$6.9M	7.5%
Property and equipment, net of depreciation	$20.3M	22.3%
Investments and other assets	$64M	70.2%
Total assets	$91.1M	100.0%
Current liabilities	$3.3M	3.6%
Long-term debt	$24.9M	27.3%
Total liabilities	$53.3M	58.5%
Fund balance (net assets)	$37.9M	41.5%

Source: CMS cost report (HCRIS, Form 2552-10), report 837931, as submitted. Hospitals report these figures themselves; they are not audited financial statements.

Financial trend

V Covington, Llc's full-year cost reports, by fiscal year end. Reports shorter than ten months are left out.

Show 5 years

Fiscal year ending	Sep 2021	Sep 2022	Dec 2023	Dec 2024	Dec 2025
Net patient revenue	$24.1M	$36.7M	$43.3M	$50.2M	$55.8M
Operating expenses	$23.4M	$29.3M	$36M	$44.7M	$62M
Operating margin	2.7%	20.2%	16.8%	11.1%	-11.1%
Net income	$4.1M	$15.4M	$13.2M	$9.2M	-$1.4M
Total assets	$21.5M	$63.7M	$87.1M	$93.9M	$91.1M
Discharges	3,062	3,699	4,887	5,003	4,372
Inpatient days	29,104	39,131	44,836	46,774	50,441
Beds	146	161	161	161	161
Employees (FTE)	187	211	273	273	282

Source: CMS cost report (HCRIS, Form 2552-10), report 837931, as submitted. Hospitals report these figures themselves; they are not audited financial statements.

Departments

Each cost center V Covington, Llc reports, largest first. Total cost includes its share of overhead; the cost-to-charge ratio is total cost / charges.

Show all 15 departments

Ancillary and outpatient departments

Department	Salaries	Total cost	Charges	Cost-to-charge	Square feet
Clinic	$502,158	$1.3M	$4.7M	0.27	2,868
Drugs charged to patients	$2,900	$1M	$619,162	1.64	526
Laboratory		$190,213	$340,671	0.56
Radiology-diagnostic		$57,455	$231,026	0.25

Inpatient units

Department	Salaries	Total cost	Charges	Cost-to-charge	Square feet
Adults & pediatrics	$11.7M	$33.2M	$113.3M	0.29	55,542

Overhead (general service) departments

Department	Salaries	Direct cost	Square feet
Administrative & general	$4.4M	$6.8M	5,075
Employee benefits department	$237,696	$4.9M	199
Cap rel costs-bldg & fixt		$2.3M	72,035
Cap rel costs-mvble equip		$1.9M
Operation of plant	$431,591	$1.5M	1,754
Dietary		$1.3M	4,381
Social service	$1.3M	$1.3M	142
Nursing administration	$987,864	$1.2M	123
Housekeeping		$523,849	724
Medical records & library	$224,087	$328,238	701

Source: CMS cost report (HCRIS, Form 2552-10), report 837931, as submitted. Hospitals report these figures themselves; they are not audited financial statements. Worksheets A, B-1, C Part I and S-3 Part II.

Frequently asked questions

About V Covington, Llc's rates and hospital price transparency.

How many patients does V Covington, Llc admit?

V Covington, Llc reported 4,372 inpatient discharges and 50,441 inpatient days from Jan 1, 2025 to Dec 31, 2025.

How many employees does V Covington, Llc have?

V Covington, Llc reported 282 full-time-equivalent employees on payroll from Jan 1, 2025 to Dec 31, 2025.

How much revenue does V Covington, Llc make?

V Covington, Llc reported $55.8M in net patient revenue on $126.1M of gross charges for Jan 1, 2025 to Dec 31, 2025, an operating margin of -11.1%, and net income of -$1.4M.

What is V Covington, Llc's tax ID (EIN)?

Insurers' price transparency files list V Covington, Llc under employer identification number 46-5500908 (Lake Behavioral Hospital). 59 health plans and networks list 46-5500908 for it.

Is V Covington, Llc accredited?

Yes. CMS's Provider of Services file lists The Joint Commission as the accrediting organization for V Covington, Llc, effective 2025.

Who owns V Covington, Llc?

In its Medicare enrollment, V Covington, Llc reports US Healthvest, Llc as 5% or greater direct ownership interest (100%).

Where do V Covington, Llc's patients come from?

In CMS's 2025 Hospital Service Area file, the most Medicare inpatient stays at V Covington, Llc came from ZIP codes 60031 (20), 60085 (19).

How many beds does V Covington, Llc have?

V Covington, Llc has 161 beds, including its psychiatric, rehabilitation and other subprovider units, in its latest Medicare cost report. 386 are Medicare-certified beds in CMS's Provider of Services file. Facility type: Short Term Acute Care Hospital.

Where is V Covington, Llc and what is its phone number?

V Covington, Llc is located at 2615 Washington Street, Waukegan, IL 60085.

What is V Covington, Llc's CCN (Medicare provider number)?

V Covington, Llc's CMS Certification Number (CCN), also called its Medicare provider number, is 144042.

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{
  "description": "MRI of brain (no contrast)",
  "code_information": [
    { "code": "611", "type": "RC" },
    { "code": "70551", "type": "CPT" }
  ],
  "standard_charges": [{
    "setting": "outpatient",
    "minimum": 250,
    "maximum": 400,
    "gross_charge": 1200,
    "discounted_cash": 1080,
    "payers_information": [
      {
        "payer_name": "Platform Health Insurance",
        "plan_name": "PPO",
        "methodology": "fee schedule",
        "standard_charge_dollar": 400
      },
      {
        "payer_name": "Region Health Insurance",
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        "standard_charge_dollar": 250
      }
    ]
  }]
}

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V Covington, Llc

About this hospital

Negotiated Rates

Insurance Accepted

More about this hospital

Tax IDs and NPIs insurers list

Location

Every CMS quality measure

Accreditation and services

Size and patient volume

Utilization by payer and unit

Beds and days by unit

Where patients come from

Staff and facilities

Income statement

Gross revenue by payer

Financial ratios

Balance sheet

Financial trend

Departments

Ancillary and outpatient departments

Inpatient units

Overhead (general service) departments

Ownership

Leadership

Officers and directors on the Medicare enrollment

Frequently asked questions

Running price transparency at a hospital like this one?

Publish a CMS-compliant machine-readable file

Get your chargemaster right for billing and payer contracts

About this hospital

Negotiated Rates

Insurance Accepted

More about this hospital

Tax IDs and NPIs insurers list

Location

Every CMS quality measure

Accreditation and services

Size and patient volume

Utilization by payer and unit

Beds and days by unit

Where patients come from

Staff and facilities

Income statement

Gross revenue by payer

Financial ratios

Balance sheet

Financial trend

Departments

Ancillary and outpatient departments

Inpatient units

Overhead (general service) departments

Ownership

Leadership

Officers and directors on the Medicare enrollment

Nearby hospitals

Frequently asked questions

Running price transparency at a hospital like this one?

Publish a CMS-compliant machine-readable file

Get your chargemaster right for billing and payer contracts