Velarion Records

Short-term acute care hospital · Front Royal, Virginia · 36 beds · CMS certification number 490033

N/A

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended September 30, 2025, as submitted, stamped by CMS February 16, 2026. 30 years on file, every one shown below.

Fiscal 2025 at a glance

Net patient revenue
$120.0M
$119,993,493 · G-3 line 3
Operating expenses
$110.9M
$110,894,724 · G-3 line 4
Result from patient care
$9.1M
$9,098,769 · G-3 line 5
Margin on patient care
7.6%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue rose from $15.9M in its first year on file (1996) to $120.0M in 2025.
  • Its result from patient care: $4.3M (2023), $8.4M (2024), $9.1M (2025).
  • 4 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 1.9% of its inpatient days and Medicare for 36.3%.

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
settled with audit
$15.9M
$15.5M
1997
settled
$17.4M
$18.7M
1998
settled
$18.9M
$19.0M
1999
settled
$20.2M
$20.9M
2000
settled
$22.4M
$22.4M
2001
settled
$27.4M
$26.4M
2002
reopened
$33.6M
$32.1M
2003
settled
$37.4M
$37.0M
2004
reopened
$44.3M
$41.4M
2005
settled
$45.3M
$44.7M
2006
reopened
$52.8M
$52.1M
2007
reopened
$54.8M
$54.5M
2008
reopened
$53.8M
$57.1M
2009
reopened
$50.4M
$56.2M
2010
reopened
$52.6M
$58.1M
2011
reopened
$56.2M
$60.2M
2012
reopened
$59.9M
$63.9M
2013
reopened
$43.9M
$48.9M
2014
reopened
$55.5M
$64.6M
2015
reopened
$56.3M
$65.5M
2016
reopened
$57.8M
$67.2M
2017
settled
$62.0M
$70.2M
2018
settled
$64.1M
$73.6M
2019
settled
$74.1M
$80.0M
2020
settled
$76.5M
$82.6M
2021
settled
$88.2M
$97.9M
2022
as submitted
$97.7M
$103.9M
2023
as submitted
$106.9M
$102.6M
2024
as submitted
$112.5M
$104.1M
2025
as submitted
$120.0M
$110.9M

Beside its peers

Short-term acute care hospitals in Virginia with 25 to 49 beds, each on fiscal year 2025.

HospitalBedsNet patient revenueOperating expensesMargin
N/A36$119,993,493$110,894,7247.6%
Bedford Memorial Hospital, Bedford33$52,280,436$49,966,3354.4%
Bon Secours Southern Virginia Medical Center, Emporia39$31,917,536$32,452,182−1.7%
Carilion Franklin Memorial Hospital, Rocky Mount37$104,024,248$79,864,03723.2%
Riverside Doctors Hospital of Williamsburg, Williamsburg40$105,273,271$82,949,23121.2%
VCU Health Tappahannock Hospital, Tappahannock37$74,414,301$70,607,0135.1%

Patients and payers

Discharges
2,170
S-3 line 14, col 15
Inpatient days
5,953
S-3 line 14, col 8
Beds in use, on an average day
16.4
days ÷ days in year
Occupancy
45.3%
days ÷ bed days
Medicare share of days
36.3%
S-3 cols 6 ÷ 8
Medicaid share of days
1.9%
S-3 cols 7 ÷ 8

Who owns it

Indirect owner: VALLEY HEALTH SYSTEM

Related organizations on its own cost report: WARREN MEMORIAL (100%), healthcare.

Other hospitals with the same owner: Winchester Medical Center (VA), Page Memorial Hospital (VA), War Memorial Hospital (WV), Hampshire Memorial Hospital (WV).

Type of control on its cost report: voluntary nonprofit, other.

Owners of 5% or more, from CMS’s hospital ownership file (Medicare enrollment, October 1, 2026).

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Figures: CMS Healthcare Cost Report Information System, file HOSP10FY2025.ZIP, form CMS-2552-10, filed under CMS certification number 490033. 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 HOSP10FY2025.ZIP, read February 16, 2026.