Velarion Records

Short-term acute care hospital · Plainsboro, New Jersey · 213 beds · CMS certification number 310010

Penn Medicine Princeton Medical Center

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended June 30, 2025, as submitted, stamped by CMS December 10, 2025. 30 years on file, every one shown below.

Fiscal 2025 at a glance

Net patient revenue
$622.5M
$622,541,266 · G-3 line 3
Operating expenses
$642.3M
$642,313,526 · G-3 line 4
Result from patient care
−$19.8M
−$19,772,260 · G-3 line 5
Margin on patient care
−3.2%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue rose from $112.2M in its first year on file (1996) to $622.5M in 2025.
  • Its result from patient care: −$33.6M (2023), −$32.5M (2024), −$19.8M (2025).
  • None of the 5 short-term acute care hospital peers below with a margin on file reports a loss on patient care for fiscal year 2025.
  • Medicaid paid for 3.2% of its inpatient days and Medicare for 39.6%.
  • PRINCETON HEALTHCARE SYSTEM HOLDING INC holds 100% of it, on its Medicare enrollment.

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

30 years of filings

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

Net patient revenueOperating expenses
1996
settled with audit
$112.2M
$115.0M
1997
settled with audit
$117.4M
$119.8M
1998
settled with audit
$119.1M
$129.7M
1999
reopened
$147.5M
$153.1M
2000
settled with audit
$147.9M
$162.0M
2001
settled
not filed
$149.3M
2002
settled
not filed
$174.0M
2003
settled with audit
$188.3M
$194.5M
2004
reopened
$216.8M
$217.0M
2005
reopened
$246.4M
$246.3M
2006
reopened
$263.0M
$272.8M
2007
reopened
$271.2M
$272.2M
2008
reopened
$292.4M
$299.8M
2009
reopened
$310.5M
$311.8M
2010
reopened
$319.4M
$313.1M
2011
reopened
$333.3M
$311.1M
2012
reopened
$326.3M
$353.7M
2013
settled with audit
$341.3M
$372.0M
2014
settled
$364.1M
$379.3M
2015
settled
$401.0M
$401.2M
2016
reopened
$418.4M
$417.8M
2017
reopened
$431.1M
$427.7M
2018
reopened
$220.7M
$227.7M
2019
reopened
$460.5M
$448.6M
2020
settled
$430.8M
$463.1M
2021
settled
$506.3M
$476.7M
2022
as submitted
$556.9M
$519.2M
2023
as submitted
$587.8M
$621.4M
2024
as submitted
$591.8M
$624.3M
2025
as submitted
$622.5M
$642.3M

Beside its peers

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

HospitalBedsNet patient revenueOperating expensesMargin
Penn Medicine Princeton Medical Center213$622,541,266$642,313,526−3.2%
Monmouth Medical Center, Long Branch232$651,883,847$574,632,04511.8%
Hackensack Meridian Health, Mountainside Medical Center, Montclair212$378,655,140$303,953,54419.7%
Riverview Medical Center, Red Bank232$454,058,064$427,887,4775.8%
Robert Wood Johnson University Hospital at Rahway, Rahway213$152,022,504$147,323,6133.1%
Saint Clare's Hospital, Denville242$324,739,894$312,751,4223.7%

Patients and payers

Discharges
15,375
S-3 line 14, col 15
Inpatient days
60,775
S-3 line 14, col 8
Beds in use, on an average day
167.0
days ÷ days in year
Occupancy
79.0%
days ÷ bed days
Medicare share of days
39.6%
S-3 cols 6 ÷ 8
Medicaid share of days
3.2%
S-3 cols 7 ÷ 8

Who owns it

  • PRINCETON HEALTHCARE SYSTEM HOLDING INC100%
  • TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA100%

Related organizations on its own cost report: UNIV PA HLT SYS, home office; UNIV PA HLT SYS, home office.

Other hospitals with the same owner: Lancaster General Hospital (PA), Hospital of the University of Pennsylvania (PA), Chester County Hospital (PA), Doylestown Hospital (PA), Penn Presbyterian Medical Center (PA), The Pennsylvania Hospital of the University of Pennsylvania Health Sys (PA), Penn Medicine | Good Shepherd Rehabilitation (PA), Lancaster Behavioral Health Hospital (PA).

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 310010. 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 December 10, 2025.