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Short-term acute care hospital · Chicago, Illinois · 236 beds · CMS certification number 140018

Mount Sinai Hospital Medical Center

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended June 30, 2025, as submitted, stamped by CMS September 28, 2026. 29 years on file, every one shown below. Also on the 340B covered-entity register.

Fiscal 2025 at a glance

Net patient revenue
$253.7M
$253,715,378 · G-3 line 3
Operating expenses
$482.7M
$482,708,703 · G-3 line 4
Result from patient care
−$229.0M
−$228,993,325 · G-3 line 5
Margin on patient care
−90.3%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue rose from $157.3M in its first year on file (1997) to $253.7M in 2025.
  • Its result from patient care: −$82.5M (2023), −$123.5M (2024), −$229.0M (2025).
  • 3 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 11.1% of its inpatient days and Medicare for 6.6%.
  • SINAI HEALTH SYSTEM 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
$157.3M
$133.4M
1998
settled
$163.2M
$129.0M
1999
reopened
$167.7M
$145.1M
2000
settled
$178.2M
$153.1M
2001
settled
$193.9M
$160.4M
2002
reopened
$198.4M
$172.4M
2003
reopened
$197.0M
$177.9M
2004
reopened
$215.0M
$186.2M
2005
reopened
$240.9M
$193.4M
2006
reopened
$240.5M
$194.4M
2007
reopened
$290.0M
$227.0M
2008
reopened
$282.1M
$229.3M
2009
reopened
$287.6M
$238.6M
2010
reopened
$292.8M
$243.4M
2011
reopened
$289.5M
$251.1M
2012
reopened
$264.6M
$247.4M
2013
reopened
$265.6M
$248.7M
2014
reopened
$259.9M
$244.9M
2015
reopened
$293.4M
$265.1M
2016
reopened
$308.2M
$275.2M
2017
reopened
$301.4M
$287.5M
2018
reopened
$305.7M
$286.8M
2019
reopened
$328.9M
$261.7M
2020
reopened
$192.9M
$322.1M
2021
settled with audit
$317.7M
$356.3M
2022
settled
$338.9M
$406.0M
2023
settled
$346.3M
$428.8M
2024
as submitted
$346.3M
$469.7M
2025
as submitted
$253.7M
$482.7M

Beside its peers

Short-term acute care hospitals in Illinois with 200 to 399 beds, each on fiscal year 2025.

HospitalBedsNet patient revenueOperating expensesMargin
Mount Sinai Hospital Medical Center236$253,715,378$482,708,703−90.3%
Advocate Sherman Hospital, Elgin255$415,956,204$394,665,0905.1%
Presence Saint Joseph Hospital - Chicago, Chicago234$188,645,552$251,420,776−33.3%
Carle Health Methodist Hospital, Peoria235$514,938,827$646,741,057−25.6%
OSF Saint Anthony Medical Center, Rockford241$532,483,197$521,954,6062.0%
Trinity Rock Island, Rock Island249$374,420,193$403,571,379−7.8%

Patients and payers

Discharges
9,070
S-3 line 14, col 15
Inpatient days
53,474
S-3 line 14, col 8
Beds in use, on an average day
146.9
days ÷ days in year
Occupancy
62.2%
days ÷ bed days
Medicare share of days
6.6%
S-3 cols 6 ÷ 8
Medicaid share of days
11.1%
S-3 cols 7 ÷ 8

Who owns it

  • SINAI HEALTH SYSTEM100%

Related organizations on its own cost report: SINAI HLTH SYS (100%).

Other hospitals with the same owner: Holy Cross Hospital (IL), Schwab Rehabilitation Hospital and Care Network (IL).

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).

Community benefit, as filed

From IRS Form 990 Schedule H, Part I, filed by SCHWAB REHABILITATION HOSPITAL AND CARE (employer identification number 362179802) for tax year 2022. The return lists this hospital as its one hospital facility.

FigureAs filedWhere it comes from
Total community benefit expense (line 7k)$3,463,114IRS Form 990 Schedule H, Part I, <TotalCommunityBenefitsGrp><NetCommunityBenefitExpnsAmt>
Financial assistance at cost (line 7a)$966,687IRS Form 990 Schedule H, Part I, <FinancialAssistanceAtCostTyp><NetCommunityBenefitExpnsAmt>
Medicaid (line 7b)$0IRS Form 990 Schedule H, Part I, <UnreimbursedMedicaidGrp><NetCommunityBenefitExpnsAmt>
Financial assistance and means-tested government programs (line 7d)$1,135,579IRS Form 990 Schedule H, Part I, <TotalFinancialAssistanceTyp><NetCommunityBenefitExpnsAmt>
Other benefits (line 7j)$2,327,535IRS Form 990 Schedule H, Part I, <TotalOtherBenefitsGrp><NetCommunityBenefitExpnsAmt>
Total, fraction of total expense (line 7k, column f)0.0737IRS Form 990 Schedule H, Part I, <TotalCommunityBenefitsGrp><TotalExpensePct>

E-file object id 202401359349307805. The IRS archive it was read from.

Executive and director compensation, as filed

From IRS Form 990 Part VII, Section A, filed by SCHWAB REHABILITATION HOSPITAL AND CARE (employer identification number 362179802) for tax year 2022. The return lists this hospital as its one hospital facility.

NameTitleRoleReportable comp, from this organizationReportable comp, from related organizationsOther compensation
ABRAHAM MORGANDIRECTORTrustee/director$0$0$0
AIRICA STEEDCHIEF OPERATING OFFICERKey employee$0$872,671$33,413
ALEJANDRA GARZADIRECTOR & VICE CHAIRTrustee/director$0$0$0
ALEX PISSIOSDIRECTOR - THRU OCT. 2022Trustee/director$0$0$0
ANNE DONNELLYDIRECTORTrustee/director$0$0$0
AVERY HART MDDIRECTORTrustee/director$0$0$0
BRET MAXWELLDIRECTORTrustee/director$0$0$0
BRIAN DOLANDIRECTOR & CHAIRMANTrustee/director, Officer$0$0$0
DAVID CAPONECFO, INTERIM - 01/2023 THRU 04/2023Officer$0$0$0
DAVID SMITHDIRECTORTrustee/director$0$0$0
DIMAS ORTEGACFO, INTERIM - BEG. JUNE 2022Officer$0$348,093$2,343
ELIZABETH CONNOLLYGENERAL COUNSELKey employee$0$511,878$3,284
FABIOLLA KOPPPHYSICIANHighest-compensated employee$228,002$0$22,142
FR WILLIAM GROGANDIRECTORTrustee/director$0$0$0
GARY KRUGELCFO - THRU APR. 2023Officer$0$724,824$28,156
JASON SPIGNERCHIEF HUMAN RESOURCES OFFICERKey employee$0$504,183$16,461
KAREN TEITELBAUMPRESIDENT & CEO - THRU DEC. 2022Former$0$1,323,282$15,823
KATYA NUQUESDIRECTORTrustee/director$0$0$0
KENNETH AVNERDIRECTOR & TREASURERTrustee/director, Officer$0$0$0
KENNETH SLAWKOWSKICHIEF INFORMATION OFFICERKey employee$0$312,702$22,354
KRISTINA DRABKINATTENDING PHYSICIANHighest-compensated employee$236,635$0$12,352
LEE MILLERDIRECTORTrustee/director$0$0$0
LESLIE DAVISDIRECTOR & SECRETARYTrustee/director, Officer$0$0$0
LESLIE MITCHEL-BONDDIRECTORTrustee/director$0$0$0
MARIKA GREIFFPHYSICIANHighest-compensated employee$242,445$0$20,934
MARY GOLLINGERSITE PRESIDENT - THRU OCT. 2021Former$186,379$0$0
MICHAEL J HAYESDIRECTORTrustee/director$0$0$0
MICHAEL R DAVENPORT MDDIRECTORTrustee/director$0$0$0
MICHELLE GITTLERCHIEF MEDICAL OFFICER SCHWABOfficer$398,682$0$32,912
NAKISHA HOBBSDIRECTORTrustee/director$0$0$0
NGOZI EZIKE MDPRESIDENT & CEO - BEG. JUNE 2022Trustee/director, Officer$0$489,834$675
NUPUR SAXENAPHYSICIANHighest-compensated employee$231,651$0$14,732
ONYINYECHI DANIELDIRECTORTrustee/director$0$0$0
RACHEL STERNBERGDIRECTORTrustee/director$0$0$0
RAYMOND LEEPHYSICIANHighest-compensated employee$229,878$0$34,728
ROBERT MARKINDIRECTORTrustee/director$0$0$0
ROXANNE J DECYKDIRECTORTrustee/director$0$0$0
STEPHEN A MORALESDIRECTORTrustee/director$0$0$0
VIVIAN FUNCHESDIRECTORTrustee/director$0$0$0
WAYNE M LERNERDIRECTORTrustee/director$0$0$0
WILBUR MILHOUSEDIRECTORTrustee/director$0$0$0
WILLIAM FOLEYCOO, INTERIM - 10/2022 TO 10/2023Key employee$0$0$0

E-file object id 202401359349307805. The IRS archive it was read from.

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Figures: CMS Healthcare Cost Report Information System, file HOSP10FY2024.ZIP, form CMS-2552-10, filed under CMS certification number 140018. 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 September 28, 2026.