Velarion Records

Rehabilitation hospital · Chicago, Illinois · 225 beds · CMS certification number 143026

Shirley Ryan Abilitylab

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended August 31, 2025, as submitted, stamped by CMS February 4, 2026. 29 years on file, every one shown below.

Fiscal 2025 at a glance

Net patient revenue
$347.6M
$347,649,420 · G-3 line 3
Operating expenses
$454.7M
$454,714,999 · G-3 line 4
Result from patient care
−$107.1M
−$107,065,579 · G-3 line 5
Margin on patient care
−30.8%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue rose from $56.4M in its first year on file (1997) to $347.6M in 2025.
  • Its result from patient care: −$92.8M (2023), −$100.0M (2024), −$107.1M (2025).
  • 2 of the 5 rehabilitation hospital peers below with a margin on file also report a loss on patient care for fiscal year 2025.
  • Medicaid paid for 2.8% of its inpatient days and Medicare for 23.9%.

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
reopened
$56.4M
$69.2M
1998
reopened
$54.8M
$71.1M
1999
settled
$54.8M
$77.9M
2000
settled
$68.1M
$81.6M
2001
reopened
$74.4M
$91.5M
2002
reopened
not filed
$107.9M
2003
reopened
not filed
$127.4M
2004
reopened
$93.0M
$115.5M
2005
reopened
$98.7M
$124.8M
2006
reopened
$106.5M
$152.2M
2007
reopened
$125.7M
$157.3M
2008
settled
$132.3M
$166.4M
2009
reopened
$143.9M
$177.7M
2010
settled
$146.8M
$185.9M
2011
settled
$155.4M
$192.6M
2012
settled
$163.5M
$203.3M
2013
settled
$173.8M
$215.9M
2014
reopened
$181.9M
$222.8M
2015
reopened
$189.9M
$227.1M
2016
reopened
$195.1M
$238.4M
2017
reopened
$204.5M
$277.6M
2018
reopened
$240.2M
$311.7M
2019
reopened
$256.4M
$326.6M
2020
reopened
$250.0M
$330.5M
2021
settled
$264.3M
$345.2M
2022
settled
$282.4M
$369.4M
2023
as submitted
$304.8M
$397.6M
2024
as submitted
$332.4M
$432.4M
2025
as submitted
$347.6M
$454.7M

Beside its peers

Hospitals of the same type (rehabilitation hospital), nearest in size, from Illinois first; each on fiscal year 2025.

HospitalBedsNet patient revenueOperating expensesMargin
Shirley Ryan Abilitylab225$347,649,420$454,714,999−30.8%
Encompass Health Rehabilitation Institute of Libertyville, Libertyville60$26,958,766$24,046,34410.8%
Northwestern Medicine Marianjoy Rehabilitation Hospital, Wheaton125$106,002,768$108,033,487−1.9%
Schwab Rehabilitation Hospital and Care Network, Chicago54$50,271,833$50,569,736−0.6%
The Rehabilitation Institute of Southern Illinois, Shiloh40$23,401,910$19,899,47815.0%
Van Matre Encompass Health Rehabilitation Institute, Rockford65$34,818,739$30,583,93812.2%

Patients and payers

Discharges
3,724
S-3 line 14, col 15
Inpatient days
80,048
S-3 line 14, col 8
Beds in use, on an average day
219.9
days ÷ days in year
Occupancy
97.5%
days ÷ bed days
Medicare share of days
23.9%
S-3 cols 6 ÷ 8
Medicaid share of days
2.8%
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 143026. 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 February 4, 2026.