Velarion Records

Psychiatric hospital · Cumberland, Maryland · 88 beds · CMS certification number 214012

Thomas B. Finan Center

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended June 30, 2025, settled, stamped by CMS December 16, 2025. 28 years on file, every one shown below.

Fiscal 2025 at a glance

Operating expenses
$33.0M
$32,985,735 · G-3 line 4
Result from patient care
−$33.0M
−$32,985,735 · G-3 line 5

What stands out

  • Net patient revenue fell from $4.3M in its first year on file (1997) to $3.0M in 2015.
  • Its result from patient care: −$28.1M (2023), −$32.2M (2024), −$33.0M (2025).

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

28 years of filings

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

Net patient revenueOperating expenses
1997
settled
$4.3M
$16.2M
1998
reopened
$4.3M
$16.4M
2000
settled
$3.7M
$17.7M
2001
reopened
$3.7M
$18.5M
2002
settled
$5.8M
$19.4M
2003
settled
$5.5M
$20.0M
2004
settled
$4.4M
$19.2M
2005
settled
$1.8M
$20.0M
2006
settled
$1.6M
$21.0M
2007
settled
$1.6M
$22.9M
2008
settled
$4.2M
$22.5M
2009
settled
$4.2M
$22.7M
2010
settled
$4.5M
$21.8M
2011
settled
$2.3M
$21.2M
2012
settled
$489K
$18.4M
2013
settled
$142K
$18.6M
2014
settled
$186K
$18.9M
2015
settled
$3.0M
$19.6M
2016
reopened
not filed
$19.9M
2017
settled
not filed
$20.6M
2018
settled
not filed
$20.8M
2019
settled
not filed
$22.0M
2020
settled
not filed
$22.6M
2021
settled
not filed
$24.6M
2022
settled
not filed
$26.3M
2023
settled
not filed
$28.1M
2024
settled
not filed
$32.2M
2025
settled
not filed
$33.0M

Beside its peers

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

HospitalBedsNet patient revenueOperating expensesMargin
Thomas B. Finan Center88$32,985,735
Brook Lane Health Services, Hagerstown65$26,679,818$28,612,684−7.2%
Anne Arundel Mental Health Hospital, Annapolis16$7,726,412$8,743,328−13.2%
Sheppard Pratt Hospital and Sheppard and Enoch and Pratt Hospital, Towson354$185,249,332$310,197,576−67.5%
The Brook Hospital - Dupont, Lousiville (KY)88$37,460,125$22,270,65740.6%
Um Upper Chesapeake Behavioral Health Pavilion at Aberdeen, Aberdeen33$20,148,077$24,579,488−22.0%

Patients and payers

Discharges
67
S-3 line 14, col 15
Inpatient days
23,696
S-3 line 14, col 8
Beds in use, on an average day
65.1
days ÷ days in year
Occupancy
73.8%
days ÷ bed days
Medicaid share of days
0.4%
S-3 cols 7 ÷ 8

Who owns it

Related organizations on its own cost report: MARYLAND STATE (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 214012. 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 16, 2025.