Velarion Records

Short-term acute care hospital · San Diego, California · 840 beds · CMS certification number 050025

Office of the President

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended June 30, 2025, as submitted, stamped by CMS December 12, 2025. 29 years on file, every one shown below. Also on the 340B covered-entity register.

Fiscal 2025 at a glance

Net patient revenue
$4.1B
$4,117,937,010 · G-3 line 3
Operating expenses
$3.9B
$3,873,168,521 · G-3 line 4
Result from patient care
$244.8M
$244,768,489 · G-3 line 5
Margin on patient care
5.9%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue rose from $266.1M in its first year on file (1997) to $4.1B in 2025.
  • Its result from patient care: −$219.6M (2023), −$6.3M (2024), $244.8M (2025).
  • 1 of the 5 short-term acute care hospital peers below with a margin on file also reports a gain on patient care for fiscal year 2025.
  • Medicaid paid for 6.2% of its inpatient days and Medicare for 20.5%.

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

29 years of filings

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

Net patient revenueOperating expenses
1997
reopened
$266.1M
$261.1M
1998
reopened
$274.7M
$265.0M
1999
reopened
$319.8M
$303.9M
2000
reopened
$357.2M
$332.8M
2001
reopened
$397.2M
$379.3M
2002
reopened
$412.8M
$398.7M
2003
reopened
$432.1M
$417.6M
2004
reopened
$461.8M
$438.6M
2005
reopened
$521.8M
$482.8M
2006
settled with audit
$594.3M
$534.0M
2007
reopened
$628.4M
$580.2M
2008
reopened
$702.9M
$660.1M
2009
reopened
$770.7M
$691.9M
2010
reopened
$820.1M
$726.8M
2011
reopened
$899.9M
$801.1M
2012
settled with audit
$996.7M
$928.0M
2013
reopened
$1.1B
$1.0B
2014
settled with audit
$1.2B
$1.2B
2015
settled with audit
$1.4B
$1.3B
2016
reopened
$1.5B
$1.5B
2017
reopened
$1.6B
$1.6B
2018
reopened
$1.8B
$1.9B
2019
as submitted
$2.0B
$2.2B
2020
as submitted
$2.2B
$2.5B
2021
as submitted
$2.5B
$2.6B
2022
as submitted
$2.9B
$2.9B
2023
as submitted
$3.1B
$3.3B
2024
as submitted
$3.6B
$3.6B
2025
as submitted
$4.1B
$3.9B

Beside its peers

Short-term acute care hospitals in California with 400 and over beds, each on fiscal year 2025.

HospitalBedsNet patient revenueOperating expensesMargin
Office of the President840$4,117,937,010$3,873,168,5215.9%
Cedars-Sinai Medical Center, Los Angeles913$4,400,597,166$4,696,456,308−6.7%
Community Regional Medical Center, Fresno783$1,544,449,139$1,617,727,279−4.7%
Sharp Memorial Hospital, San Diego745$1,524,204,015$1,554,432,899−2.0%
Uci Health, Orange911$2,540,747,028$2,696,483,347−6.1%
UCSF Medical Center, San Francisco887$6,828,788,445$6,555,159,2184.0%

Patients and payers

Discharges
41,182
S-3 line 14, col 15
Inpatient days
264,971
S-3 line 14, col 8
Beds in use, on an average day
727.9
days ÷ days in year
Occupancy
86.4%
days ÷ bed days
Medicare share of days
20.5%
S-3 cols 6 ÷ 8
Medicaid share of days
6.2%
S-3 cols 7 ÷ 8

Who owns it

Related organizations on its own cost report: UC MED MALPRCT (100%); UC WORKERS COMP (100%).

Type of control on its cost report: governmental, state.

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Figures: CMS Healthcare Cost Report Information System, file HOSP10FY2024.ZIP, form CMS-2552-10, filed under CMS certification number 050025. Patients and payers: worksheet S-3 Part I of the same filing.

How this page was built: the CMS Medicare cost report, file HOSP10FY2024.ZIP, read December 12, 2025.