Short-term acute care hospital · Freeport, Illinois · 100 beds · CMS certification number 140160
Mercyhealth FHN Hospital
Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended December 31, 2025, as submitted, stamped by CMS June 11, 2026. 30 years on file, every one shown below.
Fiscal 2025 at a glance
What stands out
- Net patient revenue rose from $45.2M in its first year on file (1996) to $153.8M in 2025.
- Its result from patient care: $8.8M (2023), $9.6M (2024), −$9.7M (2025).
- All 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 15.1% of its inpatient days and Medicare for 25.7%.
- MERCY HEALTH CORPORATION holds 100% of it, on its Medicare enrollment.
Every statement is drawn from figures on this page; nothing is estimated.
30 years of filings
Net patient revenue against operating expenses, each year as filed.
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Beside its peers
Short-term acute care hospitals in Illinois with 100 to 199 beds, each on fiscal year 2025.
| Hospital | Beds | Net patient revenue | Operating expenses | Margin |
|---|---|---|---|---|
| Mercyhealth FHN Hospital | 100 | $153,778,607 | $163,468,971 | −6.3% |
| OSF Sacred Heart Medical Center, Danville | 100 | $102,722,699 | $116,134,767 | −13.1% |
| Saint Anthony Hospital, Chicago | 109 | $145,899,451 | $151,449,314 | −3.8% |
| Saint Joseph Hospital - Elgin, Elgin | 112 | $86,539,205 | $115,031,603 | −32.9% |
| Sarah Bush Lincoln Health Center, Mattoon | 100 | $638,082,021 | $646,368,307 | −1.3% |
| HSHS, Decatur | 103 | $119,073,000 | $133,091,102 | −11.8% |
Patients and payers
- Discharges
- 3,366S-3 line 14, col 15
- Inpatient days
- 14,993S-3 line 14, col 8
- Beds in use, on an average day
- 41.2days ÷ days in year
- Occupancy
- 41.1%days ÷ bed days
- Medicare share of days
- 25.7%S-3 cols 6 ÷ 8
- Medicaid share of days
- 15.1%S-3 cols 7 ÷ 8
Who owns it
- MERCY HEALTH CORPORATION100%
Related organizations on its own cost report: FREEPORT MEMORI (100%), health care parent co.
Other hospitals with the same owner: Javon Bea Hospital (IL), Mercyhealth Hospital and Physician Clinic-Crystal Lake (IL), Mercy Harvard Hospital (IL), Van Matre Encompass Health Rehabilitation Institute (IL), Mercy Hospital Janesville (WI), Mercy Walworth Hospital & Medical Center (WI).
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 FREEPORT MEMORIAL HOSPITAL (employer identification number 362181997) for tax year 2023. The return lists this hospital as its one hospital facility.
| Figure | As filed | Where it comes from |
|---|---|---|
| Total community benefit expense (line 7k) | $10,855,543 | IRS Form 990 Schedule H, Part I, <TotalCommunityBenefitsGrp><NetCommunityBenefitExpnsAmt> |
| Financial assistance at cost (line 7a) | $403,639 | IRS Form 990 Schedule H, Part I, <FinancialAssistanceAtCostTyp><NetCommunityBenefitExpnsAmt> |
| Medicaid (line 7b) | $9,732,303 | IRS Form 990 Schedule H, Part I, <UnreimbursedMedicaidGrp><NetCommunityBenefitExpnsAmt> |
| Financial assistance and means-tested government programs (line 7d) | $10,135,942 | IRS Form 990 Schedule H, Part I, <TotalFinancialAssistanceTyp><NetCommunityBenefitExpnsAmt> |
| Other benefits (line 7j) | $719,601 | IRS Form 990 Schedule H, Part I, <TotalOtherBenefitsGrp><NetCommunityBenefitExpnsAmt> |
| Total, fraction of total expense (line 7k, column f) | 0.0703 | IRS Form 990 Schedule H, Part I, <TotalCommunityBenefitsGrp><TotalExpensePct> |
E-file object id 202423259349301117. The IRS archive it was read from.
Executive and director compensation, as filed
From IRS Form 990 Part VII, Section A, filed by FREEPORT MEMORIAL HOSPITAL (employer identification number 362181997) for tax year 2023. The return lists this hospital as its one hospital facility.
| Name | Title | Role | Reportable comp, from this organization | Reportable comp, from related organizations | Other compensation |
|---|---|---|---|---|---|
| AMY BAKER | BOARD MEMBER | Trustee/director | $0 | $0 | $0 |
| ARSHAD SHAIKH MD | PHYSICIAN | Highest-compensated employee | $696,233 | $0 | $31,828 |
| BETH KALNINS MD | MEDICAL STAFF | Trustee/director | $272,722 | $0 | $27,649 |
| BRUCE BALDWIN | BOARD MEMBER | Trustee/director | $0 | $0 | $0 |
| CLARENCE PARKS MD | PRESIDENT MEDICAL STAFF | Key employee | $509,041 | $0 | $20,230 |
| DAN SCHMITT | BOARD MEMBER | Trustee/director | $0 | $0 | $0 |
| DANIEL LEE MD | PHYSICIAN | Highest-compensated employee | $278,250 | $0 | $44,331 |
| GARY QUINN | BOARD MEMBER | Trustee/director | $0 | $0 | $0 |
| GLENDA KOELLER | BOARD MEMBER | Trustee/director | $0 | $0 | $0 |
| HEATHER MCPHERSON | VICE CHAIRMAN | Trustee/director | $0 | $0 | $0 |
| IRENA MARKOVIC MD | PHYSICIAN | Highest-compensated employee | $343,054 | $0 | $30,986 |
| KARENMARIE MEYER MD | PHYSICIAN | Highest-compensated employee | $360,890 | $0 | $14,936 |
| KATHRYN J MARTINEZ | VP OF PATIENT SERVICE | Key employee | $263,293 | $0 | $35,121 |
| LEONARD CARTER | CHIEF HUMAN RESOURCES OFFICER | Officer | $148,628 | $91,089 | $38,838 |
| MARK S GRIDLEY | PRESIDENT/CEO | Officer | $455,110 | $278,939 | $64,203 |
| MARK WRIGHT | TREASURER | Trustee/director | $0 | $0 | $0 |
| MICHAEL C CLARK | EXECUTIVE VP/CFO | Officer | $218,321 | $133,810 | $60,154 |
| NEAL RICHARDSON | CHAIRMAN | Trustee/director | $0 | $0 | $0 |
| REBECCA PEDERSEN MD | CHIEF QUALITY OFFICER | Key employee | $0 | $394,511 | $36,663 |
| RICH CHANG | SECRETARY | Trustee/director | $0 | $0 | $0 |
| ROBERT GELLER MD | HEAD OF INFECTIOUS DISEASES | Key employee | $0 | $224,442 | $27,962 |
| SHOKRY TAWFIK MD | BOARD MEMBER | Trustee/director | $0 | $0 | $0 |
| TIMOTHY JESSEN MD | CHAIR PHYSICIAN COUNCIL | Key employee | $0 | $297,480 | $38,969 |
| ZACHARY FULTON | PHYSICIAN | Highest-compensated employee | $284,529 | $0 | $57,368 |
E-file object id 202423259349301117. The IRS archive it was read from.
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Figures: CMS Healthcare Cost Report Information System, file HOSP10FY2025.ZIP, form CMS-2552-10, filed under CMS certification number 140160. 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 HOSP10FY2025.ZIP, read June 11, 2026.