Velarion Records

Short-term acute care hospital · Richmond, Indiana · 207 beds · CMS certification number 150048

Reid Health

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended December 31, 2025, as submitted, stamped by CMS May 6, 2026. 30 years on file, every one shown below. Also on the 340B covered-entity register.

Fiscal 2025 at a glance

Net patient revenue
$559.3M
$559,327,679 · G-3 line 3
Operating expenses
$490.0M
$490,030,797 · G-3 line 4
Result from patient care
$69.3M
$69,296,882 · G-3 line 5
Margin on patient care
12.4%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue rose from $87.3M in its first year on file (1996) to $559.3M in 2025.
  • Its result from patient care: $141.5M (2023), $32.9M (2024), $69.3M (2025).
  • All 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 3.3% of its inpatient days and Medicare for 33.4%.

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
reopened
$87.3M
$76.0M
1997
reopened
$103.6M
$85.8M
1998
reopened
$99.3M
$90.6M
1999
reopened
$107.5M
$101.3M
2000
settled
$118.8M
$106.7M
2001
reopened
$128.9M
$122.1M
2002
settled
$133.9M
$126.8M
2003
settled
$146.1M
$124.5M
2004
reopened
$173.5M
$141.6M
2005
reopened
$196.2M
$157.8M
2006
reopened
$207.9M
$177.3M
2007
reopened
$229.1M
$202.5M
2008
reopened
$241.2M
$233.5M
2009
reopened
$276.4M
$274.2M
2010
reopened
$273.4M
$283.0M
2011
reopened
$288.6M
$269.7M
2012
reopened
$342.2M
$356.6M
2013
reopened
$327.5M
$356.7M
2014
reopened
$359.7M
$373.9M
2015
reopened
$375.3M
$401.9M
2016
reopened
$390.4M
$414.2M
2017
reopened
$414.7M
$430.0M
2018
reopened
$432.2M
$475.2M
2019
reopened
$420.4M
$281.3M
2020
settled with audit
$442.9M
$314.4M
2021
settled with audit
$507.6M
$354.4M
2022
as submitted
$487.2M
$359.9M
2023
amended
$490.3M
$348.8M
2024
as submitted
$523.7M
$490.8M
2025
as submitted
$559.3M
$490.0M

Beside its peers

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

HospitalBedsNet patient revenueOperating expensesMargin
Reid Health207$559,327,679$490,030,79712.4%
Columbus Regional Hospital, Columbus208$443,524,006$403,039,7159.1%
Elkhart General Hospital, Elkhart222$382,023,000$345,157,3289.7%
Northwest Health-Porter, Valparaiso201$367,885,195$351,622,6894.4%
Saint Joseph Regional Medical Center, Mishawaka253$409,459,714$398,488,9832.7%
Union Hospital, Terre Haute266$749,315,259$688,347,0298.1%

Patients and payers

Discharges
12,329
S-3 line 14, col 15
Inpatient days
44,877
S-3 line 14, col 8
Beds in use, on an average day
123.3
days ÷ days in year
Occupancy
59.4%
days ÷ bed days
Medicare share of days
33.4%
S-3 cols 6 ÷ 8
Medicaid share of days
3.3%
S-3 cols 7 ÷ 8

Who owns it

Related organizations on its own cost report: REID O/P SURGER (55%); REID HOME OFFIC, home office.

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

Community benefit, as filed

From IRS Form 990 Schedule H, Part I, filed by Reid Hospital & Health Care Services Inc (employer identification number 350892672) for tax year 2023. The return lists this hospital as its one hospital facility.

FigureAs filedWhere it comes from
Total community benefit expense (line 7k)$32,785,055IRS Form 990 Schedule H, Part I, <TotalCommunityBenefitsGrp><NetCommunityBenefitExpnsAmt>
Financial assistance at cost (line 7a)$28,763,683IRS Form 990 Schedule H, Part I, <FinancialAssistanceAtCostTyp><NetCommunityBenefitExpnsAmt>
Medicaid (line 7b)$467,323IRS Form 990 Schedule H, Part I, <UnreimbursedMedicaidGrp><NetCommunityBenefitExpnsAmt>
Financial assistance and means-tested government programs (line 7d)$29,231,006IRS Form 990 Schedule H, Part I, <TotalFinancialAssistanceTyp><NetCommunityBenefitExpnsAmt>
Other benefits (line 7j)$3,554,049IRS Form 990 Schedule H, Part I, <TotalOtherBenefitsGrp><NetCommunityBenefitExpnsAmt>
Total, fraction of total expense (line 7k, column f)0.0626IRS Form 990 Schedule H, Part I, <TotalCommunityBenefitsGrp><TotalExpensePct>

E-file object id 202413209349324166. 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 150048. Patients and payers: worksheet S-3 Part I of the same filing.

How this page was built: the CMS Medicare cost report, file HOSP10FY2025.ZIP, read May 6, 2026.