Velarion Records

Psychiatric hospital · Marion, Virginia · 109 beds · CMS certification number 494029

Department of Behavioral Health and Development Services

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended June 30, 2025, as submitted, stamped by CMS December 5, 2025. Eleven years on file, every one shown below.

Fiscal 2025 at a glance

Net patient revenue
$14.5M
$14,495,960 · G-3 line 3
Operating expenses
$72.3M
$72,276,011 · G-3 line 4
Result from patient care
−$57.8M
−$57,780,051 · G-3 line 5
Margin on patient care
−398.6%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue rose from $6.7M in its first year on file (2015) to $14.5M in 2025.
  • Its result from patient care: −$49.1M (2023), −$50.5M (2024), −$57.8M (2025).
  • 2 of the 5 psychiatric hospital peers below with a margin on file also report a loss on patient care for fiscal year 2025.

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

Eleven years of filings

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

Net patient revenueOperating expenses
2015
settled
$6.7M
$37.5M
2016
settled
$7.7M
$43.1M
2017
settled
$7.4M
$30.2M
2018
settled
$6.1M
$44.8M
2019
settled
$8.5M
$45.9M
2020
settled
$9.3M
$48.8M
2021
settled
$11.6M
$47.8M
2022
settled
$9.8M
$53.3M
2023
settled
$10.5M
$59.7M
2024
settled
$11.7M
$62.2M
2025
as submitted
$14.5M
$72.3M

Beside its peers

Psychiatric hospitals in Virginia with 100 to 199 beds, each on fiscal year 2025.

HospitalBedsNet patient revenueOperating expensesMargin
Department of Behavioral Health and Development Services109$14,495,960$72,276,011−398.6%
Commonwealth of Virginia Catawba Hospital, Catawba132$8,484,444$43,991,293−418.5%
Dominion Hospital, Falls Church116$44,543,930$31,223,88229.9%
Poplar Springs Hospital, Petersburg144$45,353,941$39,815,06812.2%
Virginia Beach Psychiatric Center, Virginia Beach100$24,119,167$23,997,0230.5%
Commonwealth of Virginia Western State Hospital, Staunton112$7,459,541$110,496,948−1381.3%

Patients and payers

Discharges
873
S-3 line 14, col 15
Inpatient days
28,825
S-3 line 14, col 8
Beds in use, on an average day
79.2
days ÷ days in year
Occupancy
72.5%
days ÷ bed days
Medicare share of days
5.6%
S-3 cols 6 ÷ 8

Who owns it

Indirect owner: COMMONWEALTH OF VIRGINIA

Related organizations on its own cost report: DEPT BHDS (100%), state gov; STATE AGENCIES (100%), state gov.

Other hospitals with the same owner: Northern Virginia Mental Health Institute (VA), Commonwealth of Virginia Western State Hospital (VA).

Type of control on its cost report: governmental, state.

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 HOSP10FY2024.ZIP, form CMS-2552-10, filed under CMS certification number 494029. 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 December 5, 2025.