Velarion Records

Psychiatric hospital · Summit, New Jersey · 124 beds · CMS certification number 314001

Summits Oaks Hospital

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended February 28, 2026, as submitted, stamped by CMS July 24, 2026. 30 years on file, every one shown below.

Fiscal 2026 at a glance

Net patient revenue
$41.7M
$41,697,484 · G-3 line 3
Operating expenses
$42.2M
$42,168,691 · G-3 line 4
Result from patient care
−$471K
−$471,207 · G-3 line 5
Margin on patient care
−1.1%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue rose from $12.4M in its first year on file (1997) to $41.7M in 2026.
  • Its result from patient care: −$4.5M (2024), −$5.2M (2025), −$471K (2026).
  • None of the 5 psychiatric hospital peers below with a margin on file reports a loss on patient care for fiscal year 2026.
  • Medicaid paid for 7.8% of its inpatient days and Medicare for 8.9%.
  • PSYCHIATRIC SOLUTIONS HOSPITALS LLC 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
1997
settled
$12.4M
$15.2M
1998
settled
$7.6M
$9.4M
1999
as submitted
$11.1M
$14.5M
2000
settled
$8.9M
$14.0M
2001
settled
$3.3M
$4.2M
2002
settled
$10.0M
$9.9M
2003
settled
$10.9M
$10.4M
2004
settled
$13.5M
$12.3M
2005
settled
$11.2M
$11.4M
2006
settled
$16.1M
$15.8M
2007
settled
$18.1M
$16.5M
2008
settled
$19.3M
$17.9M
2009
settled with audit
$21.0M
$19.8M
2010
settled
$22.4M
$20.2M
2011
settled
$24.5M
$23.7M
2012
settled
$27.3M
$22.2M
2013
settled
$27.5M
$22.6M
2014
settled
$27.7M
$23.2M
2015
settled
$28.6M
$24.3M
2016
settled
$31.8M
$25.4M
2017
settled
$33.5M
$26.9M
2018
settled
$33.2M
$28.0M
2019
settled
$33.8M
$28.7M
2020
settled
$33.0M
$28.1M
2021
settled
$30.4M
$29.0M
2022
settled
$29.2M
$29.7M
2023
settled
$31.4M
$31.6M
2024
settled
$30.4M
$34.9M
2025
as submitted
$32.9M
$38.1M
2026
as submitted
$41.7M
$42.2M

Beside its peers

Hospitals of the same type (psychiatric hospital), nearest in size, from New Jersey first; each on fiscal year 2026.

HospitalBedsNet patient revenueOperating expensesMargin
Summits Oaks Hospital124$41,697,484$42,168,691−1.1%
BHC Alhambra Hospital, Rosemead (CA)97$53,447,712$36,517,18631.7%
Heritage Oaks Hospital, Sacramento (CA)125$63,126,540$49,446,98821.7%
Clive Behavioral Health, Clive (IA)100$38,633,683$33,786,40312.6%
Inland Northwest Behavioral Health, Spokane (WA)100$52,542,946$36,593,55730.3%
Rollings Hills Hospital, Franklin (TN)130$59,517,697$33,016,16944.5%

Patients and payers

Discharges
3,503
S-3 line 14, col 15
Inpatient days
34,891
S-3 line 14, col 8
Beds in use, on an average day
95.9
days ÷ days in year
Occupancy
77.1%
days ÷ bed days
Medicare share of days
8.9%
S-3 cols 6 ÷ 8
Medicaid share of days
7.8%
S-3 cols 7 ÷ 8

Who owns it

  • PSYCHIATRIC SOLUTIONS HOSPITALS LLC100%
  • UNIVERSAL HEALTH SERVICES INC100%
  • ALAN B MILLER87%

Indirect owner: PSYCHIATRIC SOLUTIONS, INC.

Related organizations on its own cost report: UHS OF DELAWARE (100%), hospital mgmt.

Other hospitals with the same owner: Hill Crest Behavioral Health Services (AL), Laurel Oaks Behavioral Health Center (AL), North Star Hospital (AK), Valley Hospital (AZ), Palo Verde Behavioral Health (AZ), Quail Run Behavioral Health (AZ), Via Linda Behavioral Hospital (AZ), The Bridgeway (AR), Rivendell Behavioral Health Services of Arkansas (AR), Pinnacle Pointe Behavioral Health System (AR), Springwoods Behavioral Health (AR), Palmdale Regional Medical Center (CA).

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).

Follow this hospital, free

We send this record now and tell you when it files again.

More psychiatric hospitals in New Jersey

From the publisher of Velarion Records

Velarion Intel

Independent Decision-Grade Intelligence

Compensation and corporate governance intelligence for advisors, investors and companies. Executive and board pay for public companies, benchmarked against peers.

See what Intel shows

Figures: CMS Healthcare Cost Report Information System, file HOSP10FY2025.ZIP, form CMS-2552-10, filed under CMS certification number 314001. 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 July 24, 2026.