Velarion Records

Critical access hospital · Frankfort, Indiana · 12 beds · CMS certification number 151316

Iu Health Frankfort

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended December 31, 2025, as submitted, stamped by CMS June 3, 2026. 23 years on file, every one shown below. Also on the 340B covered-entity register.

Fiscal 2025 at a glance

Net patient revenue
$34.9M
$34,922,239 · G-3 line 3
Operating expenses
$32.0M
$32,035,285 · G-3 line 4
Result from patient care
$2.9M
$2,886,954 · G-3 line 5
Margin on patient care
8.3%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue rose from $8.8M in its first year on file (2003) to $34.9M in 2025.
  • Its result from patient care: −$3.4M (2023), −$30K (2024), $2.9M (2025).
  • 2 of the 5 critical access hospital peers below with a margin on file also report a gain on patient care for fiscal year 2025.
  • Medicaid paid for 1.4% of its inpatient days and Medicare for 29.1%.

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

23 years of filings

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

Net patient revenueOperating expenses
2003
settled
$8.8M
$9.1M
2004
reopened
$21.9M
$22.2M
2005
reopened
$23.5M
$22.1M
2006
settled
$26.1M
$22.9M
2007
reopened
$26.1M
$19.9M
2008
reopened
$29.7M
$22.2M
2009
settled
$28.1M
$21.9M
2010
settled
$28.7M
$22.4M
2011
settled
$32.3M
$21.9M
2012
reopened
$29.0M
$27.4M
2013
reopened
$26.8M
$23.5M
2014
settled
$29.3M
$22.5M
2015
settled
$24.2M
$21.2M
2016
settled
$22.0M
$20.1M
2017
settled
$21.1M
$21.4M
2018
reopened
$16.7M
$21.7M
2019
settled
$19.9M
$23.0M
2020
settled
$21.9M
$26.1M
2021
settled
$28.3M
$25.2M
2022
settled
$29.3M
$28.4M
2023
settled
$25.2M
$28.6M
2024
settled
$31.6M
$31.6M
2025
as submitted
$34.9M
$32.0M

Beside its peers

Critical access hospitals in Indiana with under 25 beds, each on fiscal year 2025.

HospitalBedsNet patient revenueOperating expensesMargin
Iu Health Frankfort12$34,922,239$32,035,2858.3%
Ascension St. Vincent Jennings, North Vernon17$23,028,530$20,733,95710.0%
Ascension St. Vincent Mercy, Elwood18$25,706,791$27,104,068−5.4%
Ascension St. Vincent Williamsport, Williamsport16$26,138,583$26,723,676−2.2%
Iu Health Jay, Portland19$48,175,262$48,913,323−1.5%
Parkview Wabash Hospital, Wabash18$88,329,896$72,563,16817.8%

Patients and payers

Discharges
227
S-3 line 14, col 15
Inpatient days
1,175
S-3 line 14, col 8
Beds in use, on an average day
3.2
days ÷ days in year
Occupancy
26.8%
days ÷ bed days
Medicare share of days
29.1%
S-3 cols 6 ÷ 8
Medicaid share of days
1.4%
S-3 cols 7 ÷ 8

Who owns it

Related organizations on its own cost report: IU HEALTH (100%); IUH ARNETT (1%).

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

Community benefit, as filed

From IRS Form 990 Schedule H, Part I, filed by Indiana University Health Frankfort Inc (employer identification number 815174295) for tax year 2023. The return lists this hospital as its one hospital facility.

FigureAs filedWhere it comes from
Total community benefit expense (line 7k)$4,932,684IRS Form 990 Schedule H, Part I, <TotalCommunityBenefitsGrp><NetCommunityBenefitExpnsAmt>
Financial assistance at cost (line 7a)$628,490IRS Form 990 Schedule H, Part I, <FinancialAssistanceAtCostTyp><NetCommunityBenefitExpnsAmt>
Medicaid (line 7b)$3,877,897IRS Form 990 Schedule H, Part I, <UnreimbursedMedicaidGrp><NetCommunityBenefitExpnsAmt>
Financial assistance and means-tested government programs (line 7d)$4,506,387IRS Form 990 Schedule H, Part I, <TotalFinancialAssistanceTyp><NetCommunityBenefitExpnsAmt>
Other benefits (line 7j)$426,297IRS Form 990 Schedule H, Part I, <TotalOtherBenefitsGrp><NetCommunityBenefitExpnsAmt>
Total, fraction of total expense (line 7k, column f)0.1726IRS Form 990 Schedule H, Part I, <TotalCommunityBenefitsGrp><TotalExpensePct>

E-file object id 202413179349306511. The IRS archive it was read from.

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More critical access hospitals in Indiana

Figures: CMS Healthcare Cost Report Information System, file HOSP10FY2025.ZIP, form CMS-2552-10, filed under CMS certification number 151316. 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 3, 2026.