Velarion Records

Short-term acute care hospital · Colorado Springs, Colorado · 484 beds · CMS certification number 060031

Penrose Hospital

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended June 30, 2025, as submitted, stamped by CMS December 10, 2025. 29 years on file, every one shown below. Also on the 340B covered-entity register.

Fiscal 2025 at a glance

Net patient revenue
$781.5M
$781,454,512 · G-3 line 3
Operating expenses
$841.7M
$841,732,354 · G-3 line 4
Result from patient care
−$60.3M
−$60,277,842 · G-3 line 5
Margin on patient care
−7.7%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue rose from $198.4M in its first year on file (1997) to $781.5M in 2025.
  • Its result from patient care: $1.2M (2023), $17.0M (2024), −$60.3M (2025).
  • 2 of the 5 short-term acute care hospital peers below with a margin on file also report a loss on patient care for fiscal year 2025.
  • Medicaid paid for 24.0% of its inpatient days and Medicare for 19.9%.
  • COMMONSPIRIT HEALTH holds 100% of it, on its Medicare enrollment.

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
$198.4M
$179.9M
1998
settled
$197.5M
$210.6M
1999
as submitted
$198.9M
$203.1M
2000
reopened
$234.0M
$199.6M
2001
reopened
$262.9M
$213.5M
2002
reopened
$282.5M
$252.4M
2003
reopened
$283.8M
$252.2M
2004
reopened
$292.1M
$246.6M
2005
reopened
$338.6M
$253.0M
2006
reopened
$296.5M
$269.0M
2007
reopened
$315.6M
$278.0M
2008
reopened
$313.5M
$291.0M
2009
reopened
$343.2M
$353.3M
2010
reopened
$372.9M
$381.1M
2011
reopened
$378.3M
$387.6M
2012
reopened
$366.8M
$413.2M
2013
reopened
$426.5M
$433.9M
2014
reopened
$478.1M
$484.0M
2015
reopened
$523.9M
$512.5M
2016
reopened
$588.0M
$573.5M
2017
reopened
$629.9M
$610.6M
2018
reopened
$639.2M
$609.6M
2019
settled with audit
$718.9M
$672.5M
2020
settled
$701.6M
$663.1M
2021
settled
$787.4M
$719.2M
2022
settled
$47.1M
$780.6M
2023
settled
$809.7M
$808.4M
2024
settled
$767.8M
$750.8M
2025
as submitted
$781.5M
$841.7M

Beside its peers

Hospitals of the same type (short-term acute care hospital), nearest in size, from Colorado first; each on fiscal year 2025.

HospitalBedsNet patient revenueOperating expensesMargin
Penrose Hospital484$781,454,512$841,732,354−7.7%
Denver Health Medical Center, Denver389$1,414,557,411$1,476,649,351−4.4%
Memorial Health System, Colorado Springs526$1,261,144,730$1,194,270,1755.3%
HCA Healthone Swedish Hospital, Englewood404$773,525,699$625,903,69719.1%
HCA Healthone Aurora Hospital, Aurora334$460,985,662$438,891,7334.8%
University of Colorado Hospital Anschutz Inpatient Pavilion, Aurora773$3,064,974,781$3,099,382,751−1.1%

Patients and payers

Discharges
23,651
S-3 line 14, col 15
Inpatient days
117,339
S-3 line 14, col 8
Beds in use, on an average day
322.4
days ÷ days in year
Occupancy
66.5%
days ÷ bed days
Medicare share of days
19.9%
S-3 cols 6 ÷ 8
Medicaid share of days
24.0%
S-3 cols 7 ÷ 8

Who owns it

  • COMMONSPIRIT HEALTH100%

Related organizations on its own cost report: CENTURA, home office; COMMONSPIRIT, healthcare.

Other hospitals with the same owner: Yavapai Regional Medical Center (AZ), St. Joseph's Hospital and Medical Center (AZ), Chandler Regional Medical Center (AZ), Mercy Gilbert Medical Center (AZ), Dignity Health Arizona General Hospital (AZ), Dignity Health Arizona General Hospital (AZ), CHI St. Vincent Infirmary (AR), CHI St. Vincent Hospital Hot Springs (AR), St. Vincent Medical Center North (AR), CHI St. Vincent Morrilton (AR).

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

Owners of 5% or more, from CMS’s hospital ownership file (Medicare enrollment, October 1, 2026).

Follow this hospital, free

We send this record now and tell you when it files again.

More short-term acute care hospitals in Colorado

From the publisher of Velarion Records

Velarion Intel

Independent Decision-Grade Intelligence

Compensation and corporate governance intelligence for advisors, investors and companies. Executive and board pay for public companies, benchmarked against peers.

See what Intel shows

Figures: CMS Healthcare Cost Report Information System, file HOSP10FY2024.ZIP, form CMS-2552-10, filed under CMS certification number 060031. 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 10, 2025.