Velarion Records

Short-term acute care hospital · Richmond, Virginia · 865 beds · CMS certification number 490032

Virginia Commonwealth University Health System Authority

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended June 30, 2025, as submitted, stamped by CMS December 3, 2025. 29 years on file, every one shown below. Also on the 340B covered-entity register.

Fiscal 2025 at a glance

Net patient revenue
$2.8B
$2,770,645,397 · G-3 line 3
Operating expenses
$2.7B
$2,695,056,252 · G-3 line 4
Result from patient care
$75.6M
$75,589,145 · G-3 line 5
Margin on patient care
2.7%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue rose from $435.5M in its first year on file (1997) to $2.8B in 2025.
  • Its result from patient care: $6.1M (2023), $197.0M (2024), $75.6M (2025).
  • 3 of the 5 short-term acute care hospital peers below with a margin on file also report a gain on patient care for fiscal year 2025.
  • Medicaid paid for 4.8% of its inpatient days and Medicare for 17.1%.

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
reopened
$435.5M
$425.6M
1998
reopened
$432.7M
$436.2M
1999
reopened
$432.4M
$467.4M
2000
reopened
$434.1M
$419.6M
2001
reopened
$469.6M
$447.7M
2002
reopened
$491.1M
$465.9M
2003
reopened
$526.2M
$511.0M
2004
reopened
$553.0M
$536.4M
2005
reopened
$644.6M
$600.2M
2006
reopened
$679.5M
$656.4M
2007
reopened
$753.9M
$697.7M
2008
reopened
$861.1M
$770.7M
2009
reopened
$906.2M
$824.4M
2010
reopened
$933.4M
$865.3M
2011
reopened
$939.4M
$918.2M
2012
reopened
$1.1B
$985.7M
2013
reopened
$1.2B
$1.0B
2014
settled with audit
$1.3B
$1.1B
2015
reopened
$1.9B
$1.2B
2016
settled
$1.7B
$1.3B
2017
reopened
$1.6B
$1.4B
2018
settled
$1.7B
$1.5B
2019
as submitted
$1.7B
$1.6B
2020
as submitted
$1.6B
$1.9B
2021
amended
$1.8B
$1.8B
2022
amended
$2.0B
$2.1B
2023
amended
$2.3B
$2.3B
2024
amended
$2.6B
$2.4B
2025
as submitted
$2.8B
$2.7B

Beside its peers

Short-term acute care hospitals in Virginia with 400 and over beds, each on fiscal year 2025.

HospitalBedsNet patient revenueOperating expensesMargin
Virginia Commonwealth University Health System Authority865$2,770,645,397$2,695,056,2522.7%
Carilion Roanoke Memorial Hospital, Roanoke635$1,998,387,108$2,062,274,408−3.2%
CJW Medical Center, Richmond598$1,174,187,227$804,272,87531.5%
Henrico Doctors' Hospital, Richmond686$842,343,222$545,111,81735.3%
Inova Fairfax Hospital, Falls Church949$3,438,937,267$2,705,982,02521.3%
UVA Health Sciences Center, Charlottesville646$2,893,272,413$3,002,840,339−3.8%

Patients and payers

Discharges
41,852
S-3 line 14, col 15
Inpatient days
247,208
S-3 line 14, col 8
Beds in use, on an average day
679.1
days ÷ days in year
Occupancy
78.3%
days ÷ bed days
Medicare share of days
17.1%
S-3 cols 6 ÷ 8
Medicaid share of days
4.8%
S-3 cols 7 ÷ 8

Who owns it

Related organizations on its own cost report: VCU (100%), home office.

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

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Figures: CMS Healthcare Cost Report Information System, file HOSP10FY2024.ZIP, form CMS-2552-10, filed under CMS certification number 490032. Patients and payers: worksheet S-3 Part I of the same filing.

How this page was built: the CMS Medicare cost report, file HOSP10FY2024.ZIP, read December 3, 2025.