Velarion Records

Psychiatric hospital · Kirkland, Washington · 221 beds · CMS certification number 504002

Fairfax Hospital

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended August 31, 2025, as submitted, stamped by CMS February 3, 2026. 30 years on file, every one shown below.

Fiscal 2025 at a glance

Net patient revenue
$112.6M
$112,565,762 · G-3 line 3
Operating expenses
$76.4M
$76,366,202 · G-3 line 4
Result from patient care
$36.2M
$36,199,560 · G-3 line 5
Margin on patient care
32.2%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue rose from $8.9M in its first year on file (1996) to $112.6M in 2025.
  • Its result from patient care: $2.6M (2023), $20.1M (2024), $36.2M (2025).
  • 4 of the 5 psychiatric hospital peers below with a margin on file also report a gain on patient care for fiscal year 2025.
  • Medicaid paid for 8.2% of its inpatient days and Medicare for 13.0%.
  • BEHAVIORAL HEALTHCARE LLC holds 100% of it, on its Medicare enrollment.

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
$8.9M
$8.0M
1997
settled
$7.9M
$6.9M
1998
settled
$11.8M
$9.4M
1999
settled
$10.2M
$10.1M
2000
settled
$11.2M
$9.4M
2001
settled
$12.5M
$10.6M
2002
reopened
$13.4M
$11.6M
2003
reopened
$13.4M
$12.0M
2004
reopened
$12.3M
$13.1M
2005
settled
$13.7M
$12.6M
2006
settled
$14.2M
$13.8M
2007
settled
$17.6M
$15.7M
2008
settled
$21.0M
$17.5M
2009
settled
$20.9M
$18.9M
2010
settled
$23.3M
$19.4M
2011
settled
$25.6M
$23.7M
2012
settled
$28.6M
$23.3M
2013
settled
$30.7M
$23.2M
2014
settled
$35.9M
$29.5M
2015
settled
$51.9M
$43.6M
2016
settled
$51.0M
$48.8M
2017
settled
$59.2M
$55.2M
2018
settled
$66.9M
$56.0M
2019
settled
$72.4M
$58.1M
2020
settled
$65.5M
$57.4M
2021
settled
$62.8M
$58.5M
2022
settled
$62.4M
$62.1M
2023
settled
$68.3M
$65.7M
2024
settled
$89.9M
$69.9M
2025
as submitted
$112.6M
$76.4M

Beside its peers

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

HospitalBedsNet patient revenueOperating expensesMargin
Fairfax Hospital221$112,565,762$76,366,20232.2%
Eastern State Hospital, Medical Lake375$185,190,109$189,722,547−2.5%
Inland Northwest Behavioral Health, Spokane100$52,181,304$33,706,57835.4%
Smokey Point Behavioral Hospital, Marysville145$44,113,807$38,368,89113.0%
South Sound Behavioral Hospital, Lacey138$46,583,786$40,108,04913.9%
Wellfound Behavioral Health Hospital, Tacoma120$66,032,454$56,483,81614.5%

Patients and payers

Discharges
4,602
S-3 line 14, col 15
Inpatient days
60,501
S-3 line 14, col 8
Beds in use, on an average day
166.2
days ÷ days in year
Occupancy
75.0%
days ÷ bed days
Medicare share of days
13.0%
S-3 cols 6 ÷ 8
Medicaid share of days
8.2%
S-3 cols 7 ÷ 8

Who owns it

  • BEHAVIORAL HEALTHCARE LLC100%
  • BHC HOLDINGS INC100%
  • PSYCHIATRIC SOLUTIONS, INC.100%
  • UNIVERSAL HEALTH SERVICES INC100%
  • ALAN B MILLER87%

Related organizations on its own cost report: UNIVERSAL HEALT, hospital.

Other hospitals with the same owner: Hill Crest Behavioral Health Services (AL), Laurel Oaks Behavioral Health Center (AL), North Star Hospital (AK), Valley Hospital (AZ), Palo Verde Behavioral Health (AZ), Quail Run Behavioral Health (AZ), Via Linda Behavioral Hospital (AZ), The Bridgeway (AR), Rivendell Behavioral Health Services of Arkansas (AR), Pinnacle Pointe Behavioral Health System (AR), Springwoods Behavioral Health (AR), Palmdale Regional Medical Center (CA).

Type of control on its cost report: proprietary, corporation.

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

Follow this hospital, free

We send this record now and tell you when it files again.

More psychiatric hospitals in Washington

From the publisher of Velarion Records

Velarion Intel

Independent Decision-Grade Intelligence

Compensation and corporate governance intelligence for advisors, investors and companies. Executive and board pay for public companies, benchmarked against peers.

See what Intel shows

Figures: CMS Healthcare Cost Report Information System, file HOSP10FY2024.ZIP, form CMS-2552-10, filed under CMS certification number 504002. 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 HOSP10FY2024.ZIP, read February 3, 2026.