Velarion Records

Short-term acute care hospital · Lebanon, Indiana · 50 beds · CMS certification number 150104

Witham Health Services

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended December 31, 2025, amended, stamped by CMS September 16, 2026. 30 years on file, every one shown below.

Fiscal 2025 at a glance

Net patient revenue
$184.9M
$184,854,599 · G-3 line 3
Operating expenses
$207.5M
$207,538,808 · G-3 line 4
Result from patient care
−$22.7M
−$22,684,209 · G-3 line 5
Margin on patient care
−12.3%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue rose from $17.3M in its first year on file (1996) to $184.9M in 2025.
  • Its result from patient care: −$15.4M (2023), −$20.2M (2024), −$22.7M (2025).
  • 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 2025.
  • Medicaid paid for 1.9% of its inpatient days and Medicare for 24.9%.

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
$17.3M
$18.2M
1997
reopened
$18.3M
$18.8M
1998
reopened
$24.2M
$21.8M
1999
settled
$25.9M
$23.4M
2000
settled
$30.1M
$27.8M
2001
settled
$35.6M
$32.3M
2002
settled
$32.0M
$35.1M
2003
settled
$45.0M
$40.9M
2004
settled
$47.1M
$42.7M
2005
reopened
$50.1M
$49.5M
2006
reopened
$61.6M
$51.5M
2007
reopened
$65.3M
$59.8M
2008
reopened
$75.6M
$68.4M
2009
reopened
$58.3M
$70.2M
2010
reopened
$54.3M
$80.5M
2011
reopened
$82.9M
$83.5M
2012
reopened
$114.6M
$88.7M
2013
reopened
$95.2M
$93.4M
2014
settled
$102.3M
$97.6M
2015
settled
$110.0M
$105.9M
2016
settled
$118.2M
$119.6M
2017
settled
$126.3M
$124.3M
2018
settled
$145.3M
$143.0M
2019
settled
$158.8M
$162.0M
2020
settled
$148.7M
$164.1M
2021
settled
$161.6M
$165.0M
2022
settled
$158.5M
$176.9M
2023
settled
$165.3M
$180.7M
2024
amended
$169.8M
$189.9M
2025
amended
$184.9M
$207.5M

Beside its peers

Short-term acute care hospitals in Indiana with 50 to 99 beds, each on fiscal year 2025.

HospitalBedsNet patient revenueOperating expensesMargin
Witham Health Services50$184,854,599$207,538,808−12.3%
Community Fairbanks Recovery Center, Indianapolis52$25,857,291$27,780,606−7.4%
Johnson Memorial Hospital, Franklin58$110,104,542$113,773,324−3.3%
Norton - Kings Daughters Health, Madison61$129,592,466$113,291,14712.6%
Parkview Dekalb Hospital, Auburn56$72,512,773$74,748,008−3.1%
St. Elizabeth Dearborn Hospital, Lawrenceburg58$92,833,155$104,321,494−12.4%

Patients and payers

Discharges
2,187
S-3 line 14, col 15
Inpatient days
8,611
S-3 line 14, col 8
Beds in use, on an average day
23.7
days ÷ days in year
Occupancy
47.2%
days ÷ bed days
Medicare share of days
24.9%
S-3 cols 6 ÷ 8
Medicaid share of days
1.9%
S-3 cols 7 ÷ 8

Who owns it

Type of control on its cost report: governmental, county.

Follow this hospital, free

We send this record now and tell you when it files again.

More short-term acute care hospitals in Indiana

From the publisher of Velarion Records

Velarion Intel

Independent Decision-Grade Intelligence

Compensation and corporate governance intelligence for advisors, investors and companies. Executive and board pay for public companies, benchmarked against peers.

See what Intel shows

Figures: CMS Healthcare Cost Report Information System, file HOSP10FY2025.ZIP, form CMS-2552-10, filed under CMS certification number 150104. 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 September 16, 2026.