Velarion Records

Children's hospital · San Diego, California · 401 beds · CMS certification number 053303

Rady Children's Hospital San Diego

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended June 30, 2025, as submitted, stamped by CMS December 15, 2025. 29 years on file, every one shown below. Also on the 340B covered-entity register.

Fiscal 2025 at a glance

Net patient revenue
$1.7B
$1,738,310,754 · G-3 line 3
Operating expenses
$1.7B
$1,742,140,157 · G-3 line 4
Result from patient care
−$3.8M
−$3,829,403 · G-3 line 5
Margin on patient care
−0.2%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue rose from $235.1M in its first year on file (2003) to $1.7B in 2025.
  • Its result from patient care: $269.8M (2023), $17.1M (2024), −$3.8M (2025).
  • All 5 children's hospital peers below with a margin on file also report a loss on patient care for fiscal year 2025.
  • Medicaid paid for 40.0% of its inpatient days and Medicare for 0.1%.

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 with audit
not filed
not filed
1998
as submitted
not filed
not filed
1999
as submitted
not filed
not filed
2000
settled
not filed
not filed
2001
settled
not filed
not filed
2002
settled
not filed
not filed
2003
settled
$235.1M
$341.5M
2004
reopened
$226.5M
$325.6M
2005
reopened
$245.0M
$349.2M
2006
reopened
$274.4M
$357.2M
2007
reopened
$325.3M
$400.9M
2008
reopened
$367.3M
$441.2M
2009
reopened
$377.4M
$454.6M
2010
reopened
$402.5M
$569.8M
2011
reopened
$426.7M
$651.9M
2012
reopened
$443.8M
$650.0M
2013
reopened
$478.9M
$700.1M
2014
reopened
$499.2M
$754.4M
2015
reopened
$522.0M
$867.1M
2016
reopened
$557.3M
$938.2M
2017
settled
$645.3M
$1.0B
2018
reopened
$792.5M
$1.2B
2019
reopened
$819.5M
$1.2B
2020
settled
$1.1B
$1.2B
2021
as submitted
$1.2B
$1.2B
2022
as submitted
$1.5B
$1.4B
2023
as submitted
$1.8B
$1.6B
2024
as submitted
$1.6B
$1.6B
2025
as submitted
$1.7B
$1.7B

Beside its peers

Hospitals of the same type (children's hospital), nearest in size, from California first; each on fiscal year 2025.

HospitalBedsNet patient revenueOperating expensesMargin
Rady Children's Hospital San Diego401$1,738,310,754$1,742,140,157−0.2%
Children's Hospital Los Angeles, Los Angeles386$1,429,610,869$1,932,775,218−35.2%
Rady Children's Hospital Orange County, Orange386$1,373,123,733$1,460,913,735−6.4%
Lucile Packard Children's Hospital Stanford, Palo Alto394$2,702,356,263$2,757,289,337−2.0%
Memorialcare Miller Children's & Women's Hospital Long Beach, Long Beach357$470,574,531$619,930,837−31.7%
Valley Childrens Hospital, Madera358$919,460,586$949,424,953−3.3%

Patients and payers

Discharges
19,055
S-3 line 14, col 15
Inpatient days
102,203
S-3 line 14, col 8
Beds in use, on an average day
280.8
days ÷ days in year
Occupancy
69.8%
days ÷ bed days
Medicare share of days
0.1%
S-3 cols 6 ÷ 8
Medicaid share of days
40.0%
S-3 cols 7 ÷ 8

Who owns it

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

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Figures: CMS Healthcare Cost Report Information System, file HOSP10FY2024.ZIP, form CMS-2552-10, filed under CMS certification number 053303. 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 December 15, 2025.