Velarion Records

Psychiatric hospital · Towson, Maryland · 354 beds · CMS certification number 214000

Sheppard Pratt Hospital and Sheppard and Enoch and Pratt Hospital

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended June 30, 2025, as submitted, stamped by CMS November 17, 2025. 29 years on file, every one shown below.

Fiscal 2025 at a glance

Net patient revenue
$185.2M
$185,249,332 · G-3 line 3
Operating expenses
$310.2M
$310,197,576 · G-3 line 4
Result from patient care
−$124.9M
−$124,948,244 · G-3 line 5
Margin on patient care
−67.5%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue rose from $34.5M in its first year on file (1997) to $185.2M in 2025.
  • Its result from patient care: −$105.5M (2023), −$109.3M (2024), −$124.9M (2025).
  • All 5 psychiatric hospital peers below with a margin on file also report a loss on patient care for fiscal year 2025.
  • Medicaid paid for 48.9% of its inpatient days and Medicare for 11.1%.

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
settled
$34.5M
$54.4M
1998
reopened
$33.8M
$64.1M
1999
settled
$43.9M
$89.0M
2000
settled
$43.7M
$86.7M
2001
settled with audit
$39.3M
$96.9M
2002
reopened
$35.8M
$81.7M
2003
reopened
$47.0M
$99.2M
2004
settled
$47.3M
$104.4M
2005
settled with audit
$55.8M
$114.1M
2006
reopened
$76.3M
$142.0M
2007
reopened
$83.7M
$152.0M
2008
reopened
$90.9M
$160.8M
2009
reopened
$94.0M
$169.8M
2010
settled
$96.7M
$174.8M
2011
settled
$104.3M
$180.6M
2012
settled
$89.7M
$191.2M
2013
settled
$112.9M
$191.2M
2014
settled
$115.5M
$198.3M
2015
settled
$120.9M
$205.8M
2016
settled
$126.3M
$213.5M
2017
settled
$132.5M
$221.6M
2018
settled
$136.2M
$234.1M
2019
settled with audit
$139.2M
$239.6M
2020
settled
$133.5M
$232.8M
2021
settled
$130.8M
$210.5M
2022
settled
$139.2M
$254.7M
2023
settled
$170.0M
$275.5M
2024
settled
$178.9M
$288.1M
2025
as submitted
$185.2M
$310.2M

Beside its peers

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

HospitalBedsNet patient revenueOperating expensesMargin
Sheppard Pratt Hospital and Sheppard and Enoch and Pratt Hospital354$185,249,332$310,197,576−67.5%
Brook Lane Health Services, Hagerstown65$26,679,818$28,612,684−7.2%
Anne Arundel Mental Health Hospital, Annapolis16$7,726,412$8,743,328−13.2%
North Texas State Hospital - Wichita Falls Campus, Wichita Falls (TX)365$108,469,042$198,419,501−82.9%
Southeast Missouri Mental Health Center, Farmington (MO)348$62,134,832$113,165,617−82.1%
Um Upper Chesapeake Behavioral Health Pavilion at Aberdeen, Aberdeen33$20,148,077$24,579,488−22.0%

Patients and payers

Discharges
7,511
S-3 line 14, col 15
Inpatient days
106,318
S-3 line 14, col 8
Beds in use, on an average day
292.1
days ÷ days in year
Occupancy
82.3%
days ÷ bed days
Medicare share of days
11.1%
S-3 cols 6 ÷ 8
Medicaid share of days
48.9%
S-3 cols 7 ÷ 8

Who owns it

Related organizations on its own cost report: SHEPPARD PRATT HEALTH SYSTEM, health system; SHEPPARD & ENOCH PRATT HOSPITAL, health system; SPPA, physicians; INVESTMENT INC, investment comp; MOSAIC, resident/vocati.

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

Follow this hospital, free

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More psychiatric hospitals in Maryland

Figures: CMS Healthcare Cost Report Information System, file HOSP10FY2024.ZIP, form CMS-2552-10, filed under CMS certification number 214000. 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 November 17, 2025.