Velarion Records

Psychiatric hospital · Providence, Rhode Island · 168 beds · CMS certification number 414000

Butler Hospital

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended September 30, 2025, as submitted, stamped by CMS March 5, 2026. 30 years on file, every one shown below.

Fiscal 2025 at a glance

Net patient revenue
$121.4M
$121,353,266 · G-3 line 3
Operating expenses
$215.7M
$215,749,417 · G-3 line 4
Result from patient care
−$94.4M
−$94,396,151 · G-3 line 5
Margin on patient care
−77.8%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue rose from $26.5M in its first year on file (1996) to $121.4M in 2025.
  • Its result from patient care: −$33.9M (2023), −$38.7M (2024), −$94.4M (2025).
  • 2 of the 5 psychiatric hospital peers below with a margin on file also report a loss on patient care for fiscal year 2025.
  • Medicaid paid for 1.3% of its inpatient days and Medicare for 10.2%.

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
$26.5M
$33.2M
1997
reopened
$29.0M
$37.4M
1998
reopened
$30.3M
$40.4M
1999
reopened
$31.7M
$44.1M
2000
reopened
$31.7M
$48.0M
2001
reopened
$28.6M
$43.1M
2002
reopened
$30.8M
$44.0M
2003
settled with audit
$33.2M
$48.1M
2004
settled with audit
$33.3M
$51.3M
2005
reopened
$38.2M
$57.6M
2006
settled with audit
$40.8M
$65.0M
2007
settled
$45.8M
$69.0M
2008
reopened
$49.9M
$76.3M
2009
settled
$57.7M
$85.8M
2010
settled
$63.7M
$92.3M
2011
settled
$64.3M
$94.7M
2012
settled
$63.5M
$94.3M
2013
settled
$64.2M
$97.2M
2014
settled
$74.0M
$106.8M
2015
settled
$74.4M
$111.3M
2016
reopened
$75.9M
$111.3M
2017
reopened
$71.9M
$107.0M
2018
reopened
$71.6M
$104.5M
2019
reopened
$78.6M
$110.1M
2020
reopened
$77.4M
$113.4M
2021
settled
$79.3M
$119.1M
2022
settled
$85.6M
$125.2M
2023
settled
$94.7M
$128.6M
2024
as submitted
$119.9M
$158.5M
2025
as submitted
$121.4M
$215.7M

Beside its peers

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

HospitalBedsNet patient revenueOperating expensesMargin
Butler Hospital168$121,353,266$215,749,417−77.8%
Central Florida Behavioral Hospital, Orlando (FL)174$54,419,201$49,145,9789.7%
Del Amo Behavioral Health System, Torrance (CA)166$65,087,023$50,096,61523.0%
Evansville State Hospital, Evansville (IN)168$7,187,068$34,064,409−374.0%
Fairmount Behavioral Health System, Philadelphia (PA)169$44,656,359$49,569,169−11.0%
Sierra Vista Hospital, Sacramento (CA)171$83,848,604$60,465,93327.9%

Patients and payers

Discharges
6,384
S-3 line 14, col 15
Inpatient days
50,990
S-3 line 14, col 8
Beds in use, on an average day
140.1
days ÷ days in year
Occupancy
83.2%
days ÷ bed days
Medicare share of days
10.2%
S-3 cols 6 ÷ 8
Medicaid share of days
1.3%
S-3 cols 7 ÷ 8

Who owns it

Related organizations on its own cost report: CARE NEW ENGLAN (100%), home office; CARE NEW ENGLAN (100%), cne netwk. hosp; CARE NEW ENGLAN (100%), cne netwk. hosp.

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 414000. 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 March 5, 2026.