Velarion Records

Psychiatric hospital · Erlanger, Kentucky · 197 beds · CMS certification number 184006

Sun Behavioral Health

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended December 31, 2025, as submitted, stamped by CMS May 15, 2026. 26 years on file, every one shown below.

Fiscal 2025 at a glance

Net patient revenue
$80.5M
$80,472,229 · G-3 line 3
Operating expenses
$52.9M
$52,923,171 · G-3 line 4
Result from patient care
$27.5M
$27,549,058 · G-3 line 5
Margin on patient care
34.2%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue rose from $13.9M in its first year on file (2018) to $80.5M in 2025.
  • Its result from patient care: $19.3M (2023), $23.9M (2024), $27.5M (2025).
  • 3 of the 5 psychiatric hospital peers below with a margin on file also report a gain on patient care for fiscal year 2025.
  • Medicaid paid for 0.6% of its inpatient days and Medicare for 4.4%.
  • SUN KENTUCKY, LLC holds 100% of it, on its Medicare enrollment.

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

26 years of filings

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

Net patient revenueOperating expenses
1997
settled
not filed
not filed
1998
settled
not filed
not filed
1999
settled
not filed
not filed
2000
settled
not filed
not filed
2001
settled
not filed
not filed
2002
settled
not filed
not filed
2003
settled
not filed
not filed
2004
settled
not filed
not filed
2005
settled
not filed
not filed
2006
settled
not filed
not filed
2007
settled
not filed
not filed
2008
settled
not filed
not filed
2009
settled
not filed
not filed
2010
settled
not filed
not filed
2014
settled
not filed
not filed
2015
settled
not filed
not filed
2016
settled
not filed
not filed
2017
settled
not filed
not filed
2018
settled
$13.9M
$20.4M
2019
settled
$25.6M
$30.5M
2020
settled
$26.7M
$30.6M
2021
settled
$81.2M
$40.1M
2022
settled
$60.8M
$45.4M
2023
settled
$68.8M
$49.5M
2024
as submitted
$76.8M
$52.9M
2025
as submitted
$80.5M
$52.9M

Beside its peers

Hospitals of the same type (psychiatric hospital), nearest in size, from Kentucky first; each on fiscal year 2025.

HospitalBedsNet patient revenueOperating expensesMargin
Sun Behavioral Health197$80,472,229$52,923,17134.2%
Eastern State Hospital, Lexington195$48,209,699$68,135,711−41.3%
Cumberland Hall Hospital, Hopkinsville97$24,738,224$19,078,12722.9%
Lincoln Trail Behavioral Health Sysetm, Radcliff90$44,204,738$24,175,11345.3%
Ridge Behavioral Health System, Lexington110$45,427,641$23,778,36147.7%
Western State Hospital, Hopkinsville163$11,510,405$76,708,823−566.4%

Patients and payers

Discharges
7,002
S-3 line 14, col 15
Inpatient days
38,962
S-3 line 14, col 8
Beds in use, on an average day
107.0
days ÷ days in year
Occupancy
54.2%
days ÷ bed days
Medicare share of days
4.4%
S-3 cols 6 ÷ 8
Medicaid share of days
0.6%
S-3 cols 7 ÷ 8

Who owns it

  • SUN KENTUCKY, LLC100%

Related organizations on its own cost report: SUN BEHAVIORAL (100%), home office.

Type of control on its cost report: proprietary, corporation.

Owners of 5% or more, from CMS’s hospital ownership file (Medicare enrollment, October 1, 2026).

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Figures: CMS Healthcare Cost Report Information System, file HOSP10FY2025.ZIP, form CMS-2552-10, filed under CMS certification number 184006. Patients and payers: worksheet S-3 Part I of the same filing. Ownership: CMS Hospital All Owners and Hospital Enrollments.

How this page was built: the CMS Medicare cost report, file HOSP10FY2025.ZIP, read May 15, 2026.