Velarion Records

Rehabilitation hospital · Charlotte, North Carolina · 150 beds · CMS certification number 343026

Carolinas Rehabilitation

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended December 31, 2025, amended, stamped by CMS July 20, 2026. 29 years on file, every one shown below.

Fiscal 2025 at a glance

Net patient revenue
$129.3M
$129,292,000 · G-3 line 3
Operating expenses
$131.9M
$131,887,747 · G-3 line 4
Result from patient care
−$2.6M
−$2,595,747 · G-3 line 5
Margin on patient care
−2.0%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue rose from $29.8M in its first year on file (1997) to $129.3M in 2025.
  • Its result from patient care: −$14.6M (2023), −$14.4M (2024), −$2.6M (2025).
  • 1 of the 5 rehabilitation hospital peers below with a margin on file also reports a loss on patient care for fiscal year 2025.
  • Medicaid paid for 1.6% of its inpatient days and Medicare for 28.2%.

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
$29.8M
$32.0M
1998
settled
$29.8M
$30.0M
1999
settled
$27.6M
$29.2M
2000
settled
$25.5M
$27.7M
2001
settled
$25.2M
$30.4M
2002
settled
$29.1M
$31.7M
2003
reopened
$35.6M
$33.3M
2004
reopened
$34.8M
$33.9M
2005
reopened
$36.3M
$36.9M
2006
reopened
$59.4M
$46.2M
2007
reopened
$60.7M
$51.1M
2008
reopened
$62.5M
$60.4M
2009
reopened
$73.9M
$66.2M
2010
settled
$73.8M
$70.3M
2011
reopened
$73.1M
$68.2M
2012
settled
$78.8M
$74.2M
2013
reopened
$81.2M
$80.1M
2014
reopened
$82.2M
$80.1M
2015
reopened
$85.6M
$83.4M
2016
reopened
$85.9M
$84.2M
2017
reopened
$88.4M
$86.2M
2018
reopened
$88.5M
$87.7M
2019
settled
$89.6M
$98.1M
2020
settled
$90.8M
$92.8M
2021
settled
$100.0M
$103.6M
2022
settled
$103.3M
$111.5M
2023
settled
$113.7M
$128.3M
2024
as submitted
$122.8M
$137.3M
2025
amended
$129.3M
$131.9M

Beside its peers

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

HospitalBedsNet patient revenueOperating expensesMargin
Carolinas Rehabilitation150$129,292,000$131,887,747−2.0%
Acute Rehabilitation Hospital of Plano, Plano (TX)149$13,708,760$13,122,6694.3%
Pam Rehabilitation Hospital of Clear Lake, Webster (TX)151$85,442,586$66,766,67521.9%
Burke Rehabilitation Hospital, White Plains (NY)150$138,649,493$150,038,000−8.2%
Novant Health Rehabilitation Hospital, an Affiliate of Encompass Healt, Winston Salem68$38,518,515$28,127,24327.0%
Peak Rehabilitation Hospital, Apex52$13,407,890$13,250,5581.2%

Patients and payers

Discharges
3,764
S-3 line 14, col 15
Inpatient days
45,979
S-3 line 14, col 8
Beds in use, on an average day
126.3
days ÷ days in year
Occupancy
84.0%
days ÷ bed days
Medicare share of days
28.2%
S-3 cols 6 ÷ 8
Medicaid share of days
1.6%
S-3 cols 7 ÷ 8

Who owns it

Related organizations on its own cost report: ATRIUM HEALTH (100%).

Type of control on its cost report: governmental, hospital district.

Follow this hospital, free

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More rehabilitation hospitals in North Carolina

Figures: CMS Healthcare Cost Report Information System, file HOSP10FY2025.ZIP, form CMS-2552-10, filed under CMS certification number 343026. Patients and payers: worksheet S-3 Part I of the same filing.

How this page was built: the CMS Medicare cost report, file HOSP10FY2025.ZIP, read July 20, 2026.