Velarion Records

Rehabilitation hospital · Johnstown, Colorado · 40 beds · CMS certification number 063033

Northern Colorado Rehabilitation Hospital

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended December 31, 2025, as submitted, stamped by CMS June 25, 2026. 21 years on file, every one shown below.

Fiscal 2025 at a glance

Net patient revenue
$25.8M
$25,760,726 · G-3 line 3
Operating expenses
$20.5M
$20,481,193 · G-3 line 4
Result from patient care
$5.3M
$5,279,533 · G-3 line 5
Margin on patient care
20.5%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue rose from $1.3M in its first year on file (2005) to $25.8M in 2025.
  • Its result from patient care: $5.0M (2023), $5.2M (2024), $5.3M (2025).
  • 3 of the 5 rehabilitation hospital peers below with a margin on file also report a gain on patient care for fiscal year 2025.
  • Medicaid paid for 5.9% of its inpatient days and Medicare for 58.0%.
  • EPOCH ACQUISITION INC holds 100% of it, on its Medicare enrollment.

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

21 years of filings

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

Net patient revenueOperating expenses
2005
settled
$1.3M
$2.9M
2006
settled
$10.2M
$10.7M
2007
settled with audit
$13.2M
$12.7M
2008
settled
$13.8M
$13.0M
2009
settled
$12.6M
$12.9M
2010
settled
$14.9M
$13.6M
2011
settled
$16.5M
$14.7M
2012
settled
$16.2M
$16.1M
2013
settled
$16.4M
$16.0M
2014
settled
$17.3M
$16.3M
2015
settled
$17.8M
$16.4M
2016
settled
$18.1M
$16.5M
2017
settled
$18.2M
$16.5M
2018
settled
$19.0M
$16.5M
2019
settled
$19.0M
$16.5M
2020
settled
$19.9M
$16.6M
2021
settled
$20.2M
$16.1M
2022
settled
$21.3M
$18.2M
2023
settled
$24.4M
$19.4M
2024
as submitted
$24.8M
$19.6M
2025
as submitted
$25.8M
$20.5M

Beside its peers

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

HospitalBedsNet patient revenueOperating expensesMargin
Northern Colorado Rehabilitation Hospital40$25,760,726$20,481,19320.5%
Denver Regional Rehabilitation Hospital, Thorton31$14,992,367$14,211,8005.2%
Reunion Rehabilitation Hospital Denver, Denver40$19,589,468$20,821,017−6.3%
Pam Rehabilitation Hospital of Greeley, Greeley42$24,362,267$25,191,847−3.4%
Inverness Rehabilitation Hospital, Englewood40$20,833,350$19,099,2648.3%
HCA Healthone Spalding Rehabilitation, Aurora58$21,051,477$19,202,2838.8%

Patients and payers

Discharges
963
S-3 line 14, col 15
Inpatient days
14,023
S-3 line 14, col 8
Beds in use, on an average day
38.5
days ÷ days in year
Occupancy
96.0%
days ÷ bed days
Medicare share of days
58.0%
S-3 cols 6 ÷ 8
Medicaid share of days
5.9%
S-3 cols 7 ÷ 8

Who owns it

  • EPOCH ACQUISITION INC100%
  • EPOCH MIDCO, INC100%
  • EPOCH PARENT HOLDINGS LLC100%
  • EPOCH PARENT INC100%
  • ERNEST HEALTH HOLDINGS LLC100%
  • ERNEST HEALTH, INC100%
  • ONE EQUITY PARTNERS VII LP58%
  • ONE EQUITY PARTNERS VII-A LP30%
  • ONE EQUITY PARTNERS VII-B LP12%

Related organizations on its own cost report: ERNEST HEALTH, home office; NCLTAH, ltac hospital.

Other hospitals with the same owner: Mountain Valley Regional Rehabilitation Hospital (AZ), Rehabilitation Hospital of Northern Arizona (AZ), Phoenix Regional Rehabilitation Hospital (AZ), Rehabilitation Hospital Peoria (AZ), Rehabilitation Hospital of Southern California (CA), Central California Rehabilitation Hospital (CA), Sacramento Rehabilitation Hospital (CA), Stockton Regional Rehabilitation Hospital (CA), Northern Colorado Long Term Acute Hospital (CO), Denver Regional Rehabilitation Hospital (CO), Inverness Rehabilitation Hospital (CO).

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).

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Figures: CMS Healthcare Cost Report Information System, file HOSP10FY2025.ZIP, form CMS-2552-10, filed under CMS certification number 063033. 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 June 25, 2026.