Velarion Records

Critical access hospital · St. Johnsbury, Vermont · 25 beds · CMS certification number 471303

NVRH

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended September 30, 2025, as submitted, stamped by CMS March 17, 2026. 22 years on file, every one shown below. Also on the 340B covered-entity register.

Fiscal 2025 at a glance

Net patient revenue
$125.7M
$125,703,837 · G-3 line 3
Operating expenses
$136.5M
$136,482,777 · G-3 line 4
Result from patient care
−$10.8M
−$10,778,940 · G-3 line 5
Margin on patient care
−8.6%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue rose from $8.5M in its first year on file (2004) to $125.7M in 2025.
  • Its result from patient care: −$8.9M (2023), −$6.7M (2024), −$10.8M (2025).
  • All 5 critical access hospital peers below with a margin on file also report a loss on patient care for fiscal year 2025.
  • Medicaid paid for 19.3% of its inpatient days and Medicare for 36.3%.

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

22 years of filings

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

Net patient revenueOperating expenses
2004
settled with audit
$8.5M
$8.3M
2005
reopened
$35.2M
$36.0M
2006
reopened
$39.0M
$39.9M
2007
reopened
$43.6M
$44.4M
2008
reopened
$47.5M
$50.1M
2009
settled
$52.0M
$52.3M
2010
reopened
$53.9M
$54.6M
2011
settled
$58.4M
$58.8M
2012
settled with audit
$60.8M
$61.5M
2013
reopened
$63.7M
$66.2M
2014
reopened
$64.8M
$69.9M
2015
settled with audit
$68.7M
$70.6M
2016
settled
$75.0M
$77.3M
2017
settled with audit
$80.2M
$82.5M
2018
settled
$81.5M
$86.1M
2019
settled
$88.0M
$92.2M
2020
settled
$88.4M
$94.9M
2021
settled with audit
$94.8M
$103.9M
2022
settled
$105.5M
$113.6M
2023
as submitted
$112.2M
$121.0M
2024
as submitted
$121.5M
$128.2M
2025
as submitted
$125.7M
$136.5M

Beside its peers

Critical access hospitals in Vermont with 25 to 49 beds, each on fiscal year 2025.

HospitalBedsNet patient revenueOperating expensesMargin
NVRH25$125,703,837$136,482,777−8.6%
Copley Hospital, Morrisville25$115,182,248$115,885,016−0.6%
Gifford Medical Center, Randolph25$58,546,944$81,705,942−39.6%
Mt. Ascutney Hospital and Health Center, Windsor25$68,525,000$75,265,465−9.8%
North Country Hospital & Health Center, Newport25$96,557,455$115,580,498−19.7%
Springfield Hospital, Springfield25$59,811,417$70,273,564−17.5%

Patients and payers

Discharges
1,390
S-3 line 14, col 15
Inpatient days
5,289
S-3 line 14, col 8
Beds in use, on an average day
14.5
days ÷ days in year
Occupancy
58.0%
days ÷ bed days
Medicare share of days
36.3%
S-3 cols 6 ÷ 8
Medicaid share of days
19.3%
S-3 cols 7 ÷ 8

Who owns it

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 471303. 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 17, 2026.