Velarion Records

Short-term acute care hospital · Michigan City, Indiana · 142 beds · CMS certification number 150015

Franciscan Health Michigan City

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended December 31, 2025, as submitted, stamped by CMS June 15, 2026. 30 years on file, every one shown below. Also on the 340B covered-entity register.

Fiscal 2025 at a glance

Net patient revenue
$415.2M
$415,218,974 · G-3 line 3
Operating expenses
$376.0M
$375,984,937 · G-3 line 4
Result from patient care
$39.2M
$39,234,037 · G-3 line 5
Margin on patient care
9.4%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue rose from $50.9M in its first year on file (1996) to $415.2M in 2025.
  • Its result from patient care: $17.7M (2023), $38.8M (2024), $39.2M (2025).
  • 3 of the 5 short-term acute care hospital peers below with a margin on file also report a gain on patient care for fiscal year 2025.
  • Medicaid paid for 1.9% of its inpatient days and Medicare for 31.0%.
  • FRANCISCAN ALLIANCE INC 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.

Net patient revenueOperating expenses
1996
settled
$50.9M
$48.7M
1997
reopened
$63.1M
$55.7M
1998
reopened
$75.9M
$65.4M
1999
reopened
$67.4M
$66.5M
2000
reopened
$73.0M
$70.4M
2001
settled
$78.4M
$75.1M
2002
settled
$86.4M
$85.2M
2003
reopened
$101.7M
$94.1M
2004
reopened
$91.5M
$107.4M
2005
reopened
$110.4M
$114.9M
2006
reopened
$128.6M
$141.8M
2007
reopened
$134.1M
$143.1M
2008
reopened
$125.5M
$123.7M
2009
reopened
$126.2M
$127.1M
2010
reopened
$129.9M
$130.2M
2011
reopened
$139.3M
$140.1M
2012
settled
$153.1M
$148.5M
2013
reopened
$154.9M
$153.1M
2014
reopened
$158.4M
$149.3M
2015
reopened
$168.4M
$150.0M
2016
settled
$175.0M
$168.2M
2017
settled
$181.6M
$170.6M
2018
settled
$200.0M
$198.7M
2019
settled
$241.1M
$206.1M
2020
settled
$235.4M
$213.9M
2021
settled
$281.1M
$227.9M
2022
settled
$276.7M
$259.8M
2023
settled
$350.4M
$332.8M
2024
settled
$394.6M
$355.8M
2025
as submitted
$415.2M
$376.0M

Beside its peers

Short-term acute care hospitals in Indiana with 100 to 199 beds, each on fiscal year 2025.

HospitalBedsNet patient revenueOperating expensesMargin
Franciscan Health Michigan City142$415,218,974$375,984,9379.4%
Ascension St. Vincent Anderson, Anderson136$190,608,248$198,373,775−4.1%
Norton Clark Hospital, Jeffersonville153$176,518,793$219,232,412−24.2%
Iu Health North Hospital, Carmel153$482,068,395$375,389,41622.1%
Iu Health West Hospital, Avon168$368,128,496$317,455,33913.8%
Terre Haute Regional, Terre Haute141$98,028,333$69,457,81729.1%

Patients and payers

Discharges
7,113
S-3 line 14, col 15
Inpatient days
33,041
S-3 line 14, col 8
Beds in use, on an average day
90.8
days ÷ days in year
Occupancy
64.2%
days ÷ bed days
Medicare share of days
31.0%
S-3 cols 6 ÷ 8
Medicaid share of days
1.9%
S-3 cols 7 ÷ 8

Who owns it

  • FRANCISCAN ALLIANCE INC100%

Other hospitals with the same owner: Franciscan Health Crawfordsville (IN), Franciscan Health Mooresville (IN), Franciscan Health Dyer (IN), Franciscan Health Lafayette (IN), Franciscan Health Crown Point (IN), Franciscan Health Indianapolis (IN), Franciscan Healthcare-Munster (IN), Franciscan Health Rensselaer (IN).

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

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

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Figures: CMS Healthcare Cost Report Information System, file HOSP10FY2025.ZIP, form CMS-2552-10, filed under CMS certification number 150015. 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 15, 2026.