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Short-term acute care hospital · Watseka, Illinois · 25 beds · CMS certification number 140167

Iroquois Memorial Hospital

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended July 16, 2023, settled, stamped by CMS January 26, 2026. 28 years on file, every one shown below.

Fiscal 2023 at a glance

Net patient revenue
$25.4M
$25,392,275 · G-3 line 3
Operating expenses
$29.1M
$29,050,249 · G-3 line 4
Result from patient care
−$3.7M
−$3,657,974 · G-3 line 5
Margin on patient care
−14.4%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue rose from $17.4M in its first year on file (1996) to $25.4M in 2023.
  • Its result from patient care: −$2.7M (2021), $4K (2022), −$3.7M (2023).
  • 4 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 2023.
  • Medicaid paid for 2.5% of its inpatient days and Medicare for 47.3%.

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

28 years of filings

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

Net patient revenueOperating expenses
1996
settled
$17.4M
$15.9M
1997
settled
$17.6M
$18.2M
1998
reopened
$19.7M
$20.1M
1999
reopened
$22.3M
$22.8M
2000
reopened
$23.7M
$23.2M
2001
reopened
$26.5M
$25.9M
2002
settled
$27.5M
$28.1M
2003
settled
$30.0M
$27.7M
2004
settled
$32.8M
$33.6M
2005
settled
$34.8M
$36.2M
2006
settled
$32.8M
$33.5M
2007
settled
$39.6M
$40.7M
2008
settled
$34.7M
$39.4M
2009
reopened
$36.0M
$39.8M
2010
reopened
$34.8M
$38.4M
2011
reopened
$37.0M
$38.6M
2012
reopened
$33.7M
$36.5M
2013
reopened
$33.6M
$38.2M
2014
settled
$32.3M
$35.6M
2015
settled
$33.7M
$37.6M
2016
settled with audit
$32.2M
$35.8M
2017
settled
$27.7M
$35.2M
2018
settled
$30.4M
$34.0M
2019
settled
$25.3M
$33.1M
2020
settled
$24.2M
$31.4M
2021
settled
$31.0M
$33.7M
2022
settled
$34.1M
$34.1M
2023
settled
$25.4M
$29.1M

Beside its peers

Short-term acute care hospitals in Illinois with 25 to 49 beds, each on fiscal year 2023.

HospitalBedsNet patient revenueOperating expensesMargin
Iroquois Memorial Hospital25$25,392,275$29,050,249−14.4%
HSHS Holy Family Hospital, Greenville28$24,965,923$28,978,941−16.1%
Harrisburg Medical Center, Harrisburg40$49,288,405$56,086,224−13.8%
HSHS Good Shepherd Hospital, Shelbybille30$16,797,040$19,007,721−13.2%
Carle Health Pekin Hospital, Pekin39$54,156,694$42,875,53520.8%
Provident Hospital of Cook County, Chicago34$34,494,124$85,219,482−147.1%

Patients and payers

Discharges
330
S-3 line 14, col 15
Inpatient days
774
S-3 line 14, col 8
Beds in use, on an average day
2.7
days ÷ days in year
Occupancy
10.7%
days ÷ bed days
Medicare share of days
47.3%
S-3 cols 6 ÷ 8
Medicaid share of days
2.5%
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 HOSP10FY2023.ZIP, form CMS-2552-10, filed under CMS certification number 140167. Patients and payers: worksheet S-3 Part I of the same filing.

How this page was built: the CMS Medicare cost report, file HOSP10FY2023.ZIP, read January 26, 2026.