Velarion Records

Short-term acute care hospital · Towson, Maryland · 241 beds · CMS certification number 210044

GBMC

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended June 30, 2025, as submitted, stamped by CMS September 22, 2026. 29 years on file, every one shown below.

Fiscal 2025 at a glance

Net patient revenue
$447.6M
$447,576,320 · G-3 line 3
Operating expenses
$688.8M
$688,810,649 · G-3 line 4
Result from patient care
−$241.2M
−$241,234,329 · G-3 line 5
Margin on patient care
−53.9%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue rose from $199.0M in its first year on file (1997) to $447.6M in 2025.
  • Its result from patient care: −$203.9M (2023), −$195.5M (2024), −$241.2M (2025).
  • 3 of the 5 short-term acute care hospital peers below with a margin on file also report a loss on patient care for fiscal year 2025.
  • Medicaid paid for 4.3% of its inpatient days and Medicare for 34.9%.
  • GBMC HEALTHCARE INC holds 100% of it, on its Medicare enrollment.

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
$199.0M
$200.6M
1998
reopened
$210.2M
$217.6M
1999
settled
$213.3M
$225.4M
2000
settled
$222.7M
$240.3M
2001
settled
$235.1M
$257.9M
2002
settled with audit
$243.1M
$267.4M
2003
settled
$261.5M
$290.0M
2004
settled
$269.1M
$303.2M
2005
settled
$288.3M
$318.3M
2006
reopened
$318.1M
$361.7M
2007
settled
$331.6M
$372.0M
2008
settled
$342.5M
$383.0M
2009
settled
$365.8M
$370.6M
2010
settled
$374.0M
$381.7M
2011
settled
$382.7M
$392.7M
2012
settled
$373.5M
$394.0M
2013
settled
$360.1M
$379.1M
2014
settled
$364.2M
$381.7M
2015
settled
$376.6M
$392.5M
2016
settled
$385.8M
$402.1M
2017
settled
$404.1M
$419.0M
2018
settled
$129.5M
$504.3M
2019
reopened
$499.1M
$524.1M
2020
settled
$479.7M
$514.0M
2021
settled
not filed
$557.1M
2022
reopened
$551.8M
$605.7M
2023
settled
$420.3M
$624.2M
2024
settled
$435.7M
$631.2M
2025
as submitted
$447.6M
$688.8M

Beside its peers

Short-term acute care hospitals in Maryland with 200 to 399 beds, each on fiscal year 2025.

HospitalBedsNet patient revenueOperating expensesMargin
GBMC241$447,576,320$688,810,649−53.9%
Johns Hopkins Howard County Medical Center, Columbia245$339,623,789$349,774,663−3.0%
Meritus Medical Center, Hagerstown236$524,509,247$518,869,8981.1%
University of Maryland St. Joseph Medical Center, Towson235$435,270,610$412,039,9075.3%
Suburban Hospital, Bethesda253$390,310,578$417,802,214−7.0%
Tidalhealth Peninsula Regional, Salisbury275$567,168,579$581,041,794−2.5%

Patients and payers

Discharges
16,137
S-3 line 14, col 15
Inpatient days
67,379
S-3 line 14, col 8
Beds in use, on an average day
185.1
days ÷ days in year
Occupancy
76.6%
days ÷ bed days
Medicare share of days
34.9%
S-3 cols 6 ÷ 8
Medicaid share of days
4.3%
S-3 cols 7 ÷ 8

Who owns it

  • GBMC HEALTHCARE INC100%

Related organizations on its own cost report: SUBSIDIARY (100%), home office; AFFILIATE (100%), captive insuran.

Type of control on its cost report: voluntary nonprofit, other.

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 HOSP10FY2024.ZIP, form CMS-2552-10, filed under CMS certification number 210044. 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 HOSP10FY2024.ZIP, read September 22, 2026.