Velarion Records

Short-term acute care hospital · Elizabeth, New Jersey · 182 beds · CMS certification number 310027

Corro Health

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended December 31, 2025, as submitted, stamped by CMS June 3, 2026. 30 years on file, every one shown below. Also on the 340B covered-entity register.

Fiscal 2025 at a glance

Net patient revenue
$351.5M
$351,491,057 · G-3 line 3
Operating expenses
$408.8M
$408,762,234 · G-3 line 4
Result from patient care
−$57.3M
−$57,271,177 · G-3 line 5
Margin on patient care
−16.3%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue rose from $108.6M in its first year on file (1996) to $351.5M in 2025.
  • Its result from patient care: −$85.2M (2023), −$88.5M (2024), −$57.3M (2025).
  • 2 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 14.8% of its inpatient days and Medicare for 19.5%.

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
reopened
$108.6M
$120.5M
1997
reopened
$109.6M
$120.9M
1998
reopened
$97.9M
$122.7M
1999
reopened
$84.8M
$123.7M
2000
reopened
$97.1M
$168.3M
2001
reopened
$73.9M
$122.1M
2002
reopened
$191.2M
$240.0M
2003
reopened
$157.4M
$220.3M
2004
reopened
$198.8M
$250.1M
2005
settled with audit
$209.2M
$266.3M
2006
reopened
$214.2M
$282.3M
2007
reopened
$221.9M
$297.9M
2008
reopened
$234.2M
$314.1M
2009
reopened
$230.9M
$311.0M
2010
reopened
$221.3M
$303.0M
2011
reopened
$206.1M
$298.5M
2012
reopened
$199.5M
$284.9M
2013
reopened
$205.6M
$290.7M
2014
reopened
$211.3M
$293.3M
2015
reopened
$218.3M
$291.2M
2016
reopened
$227.9M
$293.2M
2017
reopened
$229.2M
$291.6M
2018
reopened
$232.9M
$297.2M
2019
reopened
$236.1M
$302.4M
2020
settled
$208.0M
$310.3M
2021
settled
$230.7M
$315.7M
2022
settled
$256.4M
$326.5M
2023
settled
$274.0M
$359.1M
2024
as submitted
$291.7M
$380.2M
2025
as submitted
$351.5M
$408.8M

Beside its peers

Short-term acute care hospitals in New Jersey with 100 to 199 beds, each on fiscal year 2025.

HospitalBedsNet patient revenueOperating expensesMargin
Corro Health182$351,491,057$408,762,234−16.3%
Bayshore Medical Center, Holmdel175$249,341,609$217,111,59612.9%
Chilton Medical Center, Pompton Plains181$321,903,766$300,658,9066.6%
Hunterdon Medical Center, Flemington184$454,660,716$472,264,089−3.9%
Palisades Medical Center, North Bergen173$227,220,679$229,674,425−1.1%
Shore Medical Center, Somers Point199$249,135,901$225,927,0499.3%

Patients and payers

Discharges
9,369
S-3 line 14, col 15
Inpatient days
50,618
S-3 line 14, col 8
Beds in use, on an average day
139.1
days ÷ days in year
Occupancy
76.2%
days ÷ bed days
Medicare share of days
19.5%
S-3 cols 6 ÷ 8
Medicaid share of days
14.8%
S-3 cols 7 ÷ 8

Who owns it

Related organizations on its own cost report: RWJBH, hospital.

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

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Figures: CMS Healthcare Cost Report Information System, file HOSP10FY2025.ZIP, form CMS-2552-10, filed under CMS certification number 310027. Patients and payers: worksheet S-3 Part I of the same filing.

How this page was built: the CMS Medicare cost report, file HOSP10FY2025.ZIP, read June 3, 2026.