Velarion Records

Short-term acute care hospital · Crown Point, Indiana · 18 beds · CMS certification number 150166

Pinnacle Hospital

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

Fiscal 2025 at a glance

Net patient revenue
$39.7M
$39,727,390 · G-3 line 3
Operating expenses
$43.9M
$43,883,635 · G-3 line 4
Result from patient care
−$4.2M
−$4,156,245 · G-3 line 5
Margin on patient care
−10.5%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue rose from $11.9M in its first year on file (2007) to $39.7M in 2025.
  • Its result from patient care: −$2.5M (2023), −$4.0M (2024), −$4.2M (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 1.8% of its inpatient days and Medicare for 43.1%.

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

Nineteen years of filings

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

Net patient revenueOperating expenses
2007
settled
$11.9M
$11.9M
2008
settled
$19.1M
$22.7M
2009
reopened
$12.7M
$16.7M
2010
reopened
$22.6M
$20.5M
2011
reopened
$28.2M
$25.3M
2012
reopened
$27.0M
$27.8M
2013
reopened
$30.2M
$29.2M
2014
settled
$25.9M
$26.0M
2015
settled
$32.3M
$31.6M
2016
settled
$45.9M
$37.9M
2017
settled
$55.9M
$49.7M
2018
settled
$53.3M
$46.5M
2019
settled
$55.7M
$48.7M
2020
settled
$49.2M
$47.0M
2021
settled
$54.7M
$52.5M
2022
settled
$57.3M
$56.3M
2023
settled
$51.3M
$53.7M
2024
settled
$39.7M
$43.7M
2025
as submitted
$39.7M
$43.9M

Beside its peers

Hospitals of the same type (short-term acute care hospital), nearest in size, from Indiana first; each on fiscal year 2025.

HospitalBedsNet patient revenueOperating expensesMargin
Pinnacle Hospital18$39,727,390$43,883,635−10.5%
Franciscan Health Crawfordsville, Crawfordsville29$60,665,563$60,430,2280.4%
Physicians Medical Center, New Albany10$59,937,925$51,956,00013.3%
Northwest Health-Starke, Knox14$17,897,743$19,803,013−10.7%
Uchicago Medicine Northwest Indiana, Crown Point8$31,695,095$46,254,225−45.9%
Unity Physicians Hospital, Mishawaka29$116,387,161$114,322,9071.8%

Patients and payers

Discharges
482
S-3 line 14, col 15
Inpatient days
1,118
S-3 line 14, col 8
Beds in use, on an average day
3.1
days ÷ days in year
Occupancy
17.0%
days ÷ bed days
Medicare share of days
43.1%
S-3 cols 6 ÷ 8
Medicaid share of days
1.8%
S-3 cols 7 ÷ 8

Who owns it

Indirect owners: BRENT A JACOBUS; ERIC J LEESTMA; LONNIE R AILES; PINNACLE HEALTHCARE LLC; RAMESH P KANURU; WILLIAM PIERCE

Related organizations on its own cost report: MRA (100%), health care.

Type of control on its cost report: proprietary, partnership.

Owners of 5% or more, from CMS’s hospital ownership file (Medicare enrollment, October 1, 2026).

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More short-term acute care hospitals in Indiana

Figures: CMS Healthcare Cost Report Information System, file HOSP10FY2025.ZIP, form CMS-2552-10, filed under CMS certification number 150166. Patients and payers: worksheet S-3 Part I of the same filing. Ownership: CMS Hospital All Owners and Hospital Enrollments.

How this page was built: the CMS Medicare cost report, file HOSP10FY2025.ZIP, read June 16, 2026.