Velarion Records

Short-term acute care hospital · Carmel, Indiana · 124 beds · CMS certification number 150157

Ascension St. Vincent Carmel

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended June 30, 2025, as submitted, stamped by CMS December 3, 2025. 22 years on file, every one shown below.

Enrolled with Medicare by St. Vincent Carmel Hospital.

Fiscal 2025 at a glance

Net patient revenue
$285.6M
$285,627,035 · G-3 line 3
Operating expenses
$192.7M
$192,701,545 · G-3 line 4
Result from patient care
$92.9M
$92,925,490 · G-3 line 5
Margin on patient care
32.5%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue rose from $28.2M in its first year on file (2004) to $285.6M in 2025.
  • Its result from patient care: $102.8M (2023), $88.1M (2024), $92.9M (2025).
  • 2 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 2.9% of its inpatient days and Medicare for 17.4%.

Every statement is drawn from figures on this page; nothing is estimated.

22 years of filings

Net patient revenue against operating expenses, each year as filed.

Net patient revenueOperating expenses
2004
settled
$28.2M
$40.6M
2005
settled
$131.7M
$93.3M
2006
reopened
$151.1M
$112.2M
2007
reopened
$190.3M
$125.5M
2008
settled
$185.6M
$134.9M
2009
settled
$191.1M
$199.0M
2010
reopened
$184.2M
$139.8M
2011
reopened
$173.4M
$139.6M
2012
reopened
$172.6M
$136.9M
2013
reopened
$182.4M
$142.9M
2014
reopened
$177.5M
$120.7M
2015
reopened
$189.5M
$131.3M
2016
settled
$214.3M
$133.7M
2017
settled
$218.9M
$130.8M
2018
settled
$218.1M
$153.6M
2019
settled
$228.0M
$136.4M
2020
settled
$222.1M
$140.5M
2021
settled
$248.0M
$141.5M
2022
settled
$249.5M
$167.3M
2023
settled
$268.5M
$165.7M
2024
settled
$271.7M
$183.6M
2025
as submitted
$285.6M
$192.7M

Beside its peers

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

HospitalBedsNet patient revenueOperating expensesMargin
Ascension St. Vincent Carmel124$285,627,035$192,701,54532.5%
Community Hospital of Anderson and Madison County, Anderson117$258,323,204$240,195,2577.0%
Community Howard Regional Health, Kokomo111$248,052,372$220,325,68711.2%
Hendricks Regional Health, Danville130$516,897,198$532,061,682−2.9%
Riverview Health, Noblesville130$300,911,259$353,645,733−17.5%
St. Catherine Hospital, East Chicago128$166,750,844$188,942,556−13.3%

Patients and payers

Discharges
6,504
S-3 line 14, col 15
Inpatient days
23,557
S-3 line 14, col 8
Beds in use, on an average day
64.7
days ÷ days in year
Occupancy
52.0%
days ÷ bed days
Medicare share of days
17.4%
S-3 cols 6 ÷ 8
Medicaid share of days
2.9%
S-3 cols 7 ÷ 8

Who owns it

Related organizations on its own cost report: ST. VINCENT HEA (100%), home office; ASCENSION HEALT (100%), home office.

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

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More short-term acute care hospitals in Indiana

Figures: CMS Healthcare Cost Report Information System, file HOSP10FY2024.ZIP, form CMS-2552-10, filed under CMS certification number 150157. 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 December 3, 2025.

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