Velarion Records

Short-term acute care hospital · Indianapolis, Indiana · 1,293 beds · CMS certification number 150056

Indiana University Health

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended December 31, 2025, as submitted, stamped by CMS June 5, 2026. 30 years on file, every one shown below.

Fiscal 2025 at a glance

Net patient revenue
$4.4B
$4,430,052,423 · G-3 line 3
Operating expenses
$5.9B
$5,895,266,530 · G-3 line 4
Result from patient care
−$1.5B
−$1,465,214,107 · G-3 line 5
Margin on patient care
−33.1%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue rose from $376.3M in its first year on file (1996) to $4.4B in 2025.
  • Its result from patient care: −$1.3B (2023), −$1.4B (2024), −$1.5B (2025).
  • 2 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 2025.
  • Medicaid paid for 9.0% of its inpatient days and Medicare for 13.8%.

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
$376.3M
$352.0M
1997
reopened
$746.3M
$750.8M
1998
reopened
$798.1M
$822.1M
1999
reopened
$1.2B
$875.2M
2000
reopened
$889.1M
$909.6M
2001
reopened
$934.6M
$1.0B
2002
reopened
$1.1B
$1.1B
2003
reopened
$1.3B
$1.3B
2004
reopened
$1.4B
$1.4B
2005
reopened
$1.5B
$1.4B
2006
reopened
$1.6B
$1.5B
2007
reopened
$1.8B
$2.1B
2008
reopened
$2.0B
$2.0B
2009
reopened
$1.9B
$2.0B
2010
reopened
$2.0B
$2.3B
2011
reopened
$2.1B
$2.3B
2012
reopened
$2.4B
$2.4B
2013
reopened
$2.1B
$2.3B
2014
reopened
$2.3B
$2.3B
2015
reopened
$2.5B
$2.9B
2016
reopened
$2.6B
$3.2B
2017
reopened
$2.6B
$3.2B
2018
reopened
$2.9B
$3.5B
2019
reopened
$3.0B
$3.7B
2020
reopened
$3.1B
$3.9B
2021
settled with audit
$3.4B
$5.1B
2022
as submitted
$3.6B
$5.0B
2023
as submitted
$3.9B
$5.2B
2024
as submitted
$4.2B
$5.7B
2025
as submitted
$4.4B
$5.9B

Beside its peers

Short-term acute care hospitals in Indiana with 400 and over beds, each on fiscal year 2025.

HospitalBedsNet patient revenueOperating expensesMargin
Indiana University Health1,293$4,430,052,423$5,895,266,530−33.1%
Ascension St. Vincent Hospital, Indianapolis745$1,526,699,561$1,457,626,8554.5%
Community Hospital, Munster405$674,858,402$626,282,3097.2%
Deaconess Hospital, Evansville545$1,389,335,755$1,464,913,798−5.4%
Memorial Hospital of South Bend, South Bend402$716,006,000$670,649,8476.3%
Parkview Regional Medical Center, Fort Wayne635$1,920,438,115$2,164,475,577−12.7%

Patients and payers

Discharges
47,159
S-3 line 14, col 15
Inpatient days
346,398
S-3 line 14, col 8
Beds in use, on an average day
951.6
days ÷ days in year
Occupancy
73.4%
days ÷ bed days
Medicare share of days
13.8%
S-3 cols 6 ÷ 8
Medicaid share of days
9.0%
S-3 cols 7 ÷ 8

Who owns it

Related organizations on its own cost report: IU HEALTH, home office.

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

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Figures: CMS Healthcare Cost Report Information System, file HOSP10FY2025.ZIP, form CMS-2552-10, filed under CMS certification number 150056. 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 June 5, 2026.