Velarion Records

Critical access hospital · Luray, Virginia · 25 beds · CMS certification number 491307

Page Memorial Hospital

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended December 31, 2025, as submitted, stamped by CMS May 28, 2026. Twenty years on file, every one shown below. Also on the 340B covered-entity register.

Fiscal 2025 at a glance

Net patient revenue
$55.0M
$54,972,144 · G-3 line 3
Operating expenses
$47.1M
$47,097,855 · G-3 line 4
Result from patient care
$7.9M
$7,874,289 · G-3 line 5
Margin on patient care
14.3%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue rose from $15.4M in its first year on file (2006) to $55.0M in 2025.
  • Its result from patient care: $4.4M (2023), −$1.9M (2024), $7.9M (2025).
  • 3 of the 5 critical access hospital peers below with a margin on file also report a gain on patient care for fiscal year 2025.
  • Medicaid paid for 0.2% of its inpatient days and Medicare for 49.3%.
  • VALLEY HEALTH SYSTEM holds 100% of it, on its Medicare enrollment.

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

Twenty years of filings

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

Net patient revenueOperating expenses
2006
settled
$15.4M
$15.9M
2007
settled
$15.9M
$16.3M
2008
settled
$16.6M
$17.6M
2009
settled
$17.8M
$18.3M
2010
settled
$19.8M
$20.0M
2011
settled
$19.7M
$20.6M
2012
settled with audit
$20.3M
$23.0M
2013
settled
$18.7M
$23.6M
2014
settled
$21.1M
$26.0M
2015
settled
$23.1M
$27.8M
2016
reopened
$26.2M
$30.2M
2017
reopened
$26.4M
$32.2M
2018
settled
$31.7M
$33.8M
2019
settled
$32.8M
$34.8M
2020
amended
$33.9M
$35.4M
2021
amended
$40.4M
$40.1M
2022
as submitted
$43.7M
$43.1M
2023
as submitted
$48.6M
$44.2M
2024
as submitted
$48.3M
$50.2M
2025
as submitted
$55.0M
$47.1M

Beside its peers

Hospitals of the same type (critical access hospital), nearest in size, from Virginia first; each on fiscal year 2025.

HospitalBedsNet patient revenueOperating expensesMargin
Page Memorial Hospital25$54,972,144$47,097,85514.3%
Bath Community Hospital, Hot Springs14$19,237,384$30,504,211−58.6%
Carilion Clinic, Pearisburg25$108,831,545$105,086,9893.4%
Carilion Rockbridge Community Hospital, Lexington25$83,289,907$69,132,99517.0%
Rappahannock General Hospital, Kilmarnock25$58,160,792$59,886,553−3.0%
Shenandoah Memorial Hospital, Woodstock25$102,283,413$88,760,40513.2%

Patients and payers

Discharges
790
S-3 line 14, col 15
Inpatient days
4,471
S-3 line 14, col 8
Beds in use, on an average day
12.3
days ÷ days in year
Occupancy
49.0%
days ÷ bed days
Medicare share of days
49.3%
S-3 cols 6 ÷ 8
Medicaid share of days
0.2%
S-3 cols 7 ÷ 8

Who owns it

  • VALLEY HEALTH SYSTEM100%

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

Other hospitals with the same owner: Winchester Medical Center (VA), N/A (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 491307. 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 May 28, 2026.