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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.

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%
Powers Health, 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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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.