Velarion Records

Psychiatric hospital · Cedar Grove, New Jersey · 180 beds · CMS certification number 314020

County of Essex

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended December 31, 2025, settled, stamped by CMS August 20, 2026. 30 years on file, every one shown below.

Fiscal 2025 at a glance

Net patient revenue
$53.6M
$53,594,114 · G-3 line 3
Operating expenses
$66.3M
$66,277,211 · G-3 line 4
Result from patient care
−$12.7M
−$12,683,097 · G-3 line 5
Margin on patient care
−23.7%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue rose from $36.7M in its first year on file (2007) to $53.6M in 2025.
  • Its result from patient care: $3.7M (2023), $1.3M (2024), −$12.7M (2025).
  • 4 of the 5 psychiatric hospital peers below with a margin on file also report a loss on patient care for fiscal year 2025.

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
not filed
$45.5M
1997
settled with audit
not filed
$45.2M
1998
settled
not filed
$44.1M
1999
settled
not filed
$48.4M
2000
settled
not filed
$44.5M
2001
settled
not filed
$42.2M
2002
settled
not filed
$49.1M
2003
settled
not filed
$47.0M
2004
settled
not filed
$47.0M
2005
settled
not filed
$45.5M
2006
settled
not filed
$38.5M
2007
settled
$36.7M
$48.6M
2008
settled with audit
$34.0M
$53.7M
2009
reopened
$49.8M
$48.7M
2010
settled
$58.7M
$47.5M
2011
settled
$45.8M
$48.4M
2012
settled
$41.3M
$51.5M
2013
settled
$42.0M
$53.7M
2014
reopened
$47.8M
$53.0M
2015
settled
$57.4M
$54.1M
2016
settled
$49.2M
$52.4M
2017
settled
$49.0M
$49.6M
2018
settled
$47.0M
$50.2M
2019
settled
$40.0M
$52.3M
2020
settled
$39.4M
$55.6M
2021
settled
$39.4M
$50.5M
2022
settled
$39.4M
$49.4M
2023
settled
$53.7M
$50.0M
2024
settled
$54.2M
$53.0M
2025
settled
$53.6M
$66.3M

Beside its peers

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

HospitalBedsNet patient revenueOperating expensesMargin
County of Essex180$53,594,114$66,277,211−23.7%
Hampton Hospital, Westhampton120$46,137,414$40,493,20212.2%
Hackensack Meridian Health Carrier Clinic, Belle Mead241$105,615,095$127,792,842−21.0%
Northbrook Behavioral Health Hospital, Blackwood158$48,400,370$90,132,185−86.2%
Summits Oaks Hospital, Summit124$32,883,142$38,057,211−15.7%
Trenton Psychiatric Hospital, W. Trenton400$2,651,352$117,359,266−4326.4%

Patients and payers

Discharges
148
S-3 line 14, col 15
Inpatient days
57,112
S-3 line 14, col 8
Beds in use, on an average day
156.9
days ÷ days in year
Occupancy
86.9%
days ÷ bed days
Medicaid share of days
1.7%
S-3 cols 7 ÷ 8

Who owns it

Type of control on its cost report: governmental, city-county.

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Figures: CMS Healthcare Cost Report Information System, file HOSP10FY2025.ZIP, form CMS-2552-10, filed under CMS certification number 314020. 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 August 20, 2026.