Velarion Records

Psychiatric hospital · Black Mountain, North Carolina · 80 beds · CMS certification number 344023

JFK Adatc

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended June 30, 2025, reopened, stamped by CMS June 11, 2026. 29 years on file, every one shown below.

Fiscal 2025 at a glance

Net patient revenue
$42.0M
$42,032,829 · G-3 line 3
Operating expenses
$34.7M
$34,697,918 · G-3 line 4
Result from patient care
$7.3M
$7,334,911 · G-3 line 5
Margin on patient care
17.4%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue rose from $22K in its first year on file (1997) to $42.0M in 2025.
  • Its result from patient care: $3.8M (2023), $1.3M (2024), $7.3M (2025).
  • None of the 5 psychiatric hospital peers below with a margin on file reports a gain on patient care for fiscal year 2025.
  • Medicaid paid for 56.7% of its inpatient days and Medicare for 2.0%.
  • JULIAN F KEITH ALCOHOL AND DRUG ABUSE TREATMENT CENTER holds 100% of it, on its Medicare enrollment.

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

29 years of filings

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

Net patient revenueOperating expenses
1997
settled
$22K
$1.4M
1998
settled
$1.1M
$6.6M
1999
settled
$188K
$6.9M
2000
settled
$217K
$13.8M
2001
settled
$388K
$13.7M
2002
settled
$330K
$14.2M
2003
settled
$345K
$13.7M
2004
settled
$1.5M
$12.0M
2005
settled
$1.1M
$12.9M
2006
settled
$999K
$9.3M
2007
settled
$1.2M
$10.1M
2008
settled
$1.1M
$11.2M
2009
settled
$1.1M
$13.8M
2010
settled
$10.5M
$23.7M
2011
settled
$1.1M
$15.1M
2012
settled
$1.7M
$15.6M
2013
settled
$1.4M
$15.4M
2014
settled
$10.4M
$24.1M
2015
settled
$1.8M
$15.8M
2016
settled
$15.1M
$16.5M
2017
settled
$14.7M
$17.0M
2018
settled
$14.4M
$17.4M
2019
settled
$24.9M
$18.3M
2020
settled
$14.1M
$20.1M
2021
settled
$15.8M
$20.9M
2022
settled
$25.1M
$29.5M
2023
settled
$34.4M
$30.6M
2024
settled
$36.3M
$35.0M
2025
reopened
$42.0M
$34.7M

Beside its peers

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

HospitalBedsNet patient revenueOperating expensesMargin
JFK Adatc80$42,032,829$34,697,91817.4%
Brynn Marr Hospital, Jacksonville84$22,507,356$24,860,988−10.5%
Raleigh Oaks Behavioral Health, Leland116$24,516,904$26,796,515−9.3%
Carolina Dunes Behavioral Health, Leland108$18,646,302$20,875,806−12.0%
Triangle Springs, Raleigh77$14,085,122$26,186,928−85.9%
Walter B Jones Center Lakeside Psychiatric Hospital, Greenville51$1,299,401$15,162,993−1066.9%

Patients and payers

Discharges
1,461
S-3 line 14, col 15
Inpatient days
13,991
S-3 line 14, col 8
Beds in use, on an average day
38.4
days ÷ days in year
Occupancy
47.9%
days ÷ bed days
Medicare share of days
2.0%
S-3 cols 6 ÷ 8
Medicaid share of days
56.7%
S-3 cols 7 ÷ 8

Who owns it

  • JULIAN F KEITH ALCOHOL AND DRUG ABUSE TREATMENT CENTER100%

Related organizations on its own cost report: JULIAN F KEITH ADATC.

Type of control on its cost report: governmental, state.

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 North Carolina

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 HOSP10FY2024.ZIP, form CMS-2552-10, filed under CMS certification number 344023. 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 June 11, 2026.