Velarion Records

Short-term acute care hospital · Iowa City, Iowa · 174 beds · CMS certification number 160029

University of Iowa Health Care Medical Center Downtown

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended June 30, 2024, settled, stamped by CMS May 7, 2026. 29 years on file, every one shown below.

Fiscal 2024 at a glance

Net patient revenue
$56.5M
$56,484,491 · G-3 line 3
Operating expenses
$84.9M
$84,882,184 · G-3 line 4
Result from patient care
−$28.4M
−$28,397,693 · G-3 line 5
Margin on patient care
−50.3%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue rose from $71.5M in its first year on file (1997) to $148.8M in 2025.
  • Its result from patient care: −$40.7M (2023), −$28.4M (2024), −$41.1M (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 2024.
  • Medicaid paid for 0.8% of its inpatient days and Medicare for 38.6%.

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

29 years of filings

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

Net patient revenueOperating expenses
1997
settled
$71.5M
$66.1M
1998
reopened
$74.8M
$70.3M
1999
settled with audit
$75.5M
$72.8M
2000
reopened
$81.4M
$83.3M
2001
settled
$87.6M
$87.2M
2002
settled with audit
$96.8M
$95.6M
2003
settled
$103.6M
$105.9M
2004
settled
$112.1M
$112.8M
2005
settled
$118.1M
$118.2M
2006
settled
$127.0M
$126.5M
2007
reopened
$137.0M
$132.8M
2008
settled
$134.5M
$134.7M
2009
settled
$137.2M
$142.2M
2010
reopened
$133.5M
$144.6M
2011
reopened
$133.3M
$142.5M
2012
reopened
$140.4M
$149.2M
2013
reopened
$128.2M
$145.0M
2014
reopened
$129.9M
$142.9M
2015
reopened
$136.1M
$147.0M
2016
settled
$132.3M
$153.3M
2017
settled
$129.3M
$159.8M
2018
settled
$145.8M
$148.5M
2019
settled
$132.3M
$153.9M
2020
settled
$146.0M
$168.7M
2021
settled
$147.5M
$168.9M
2022
settled
$146.8M
$183.3M
2023
settled
$144.6M
$185.2M
2024
settled
$56.5M
$84.9M
2025
as submitted
$148.8M
$189.9M

Beside its peers

Short-term acute care hospitals in Iowa with 100 to 199 beds, each on fiscal year 2024.

HospitalBedsNet patient revenueOperating expensesMargin
University of Iowa Health Care Medical Center Downtown174$56,484,491$84,882,184−50.3%
Allen Hospital, Waterloo188$378,033,375$332,999,17111.9%
Mary Greeley Medical Center, Ames150$244,640,831$243,920,9860.3%
Mercyone North Iowa Medical Center, Mason City199$436,866,984$518,137,826−18.6%
Southeast Iowa Regional Medical Center, West Burlington174$360,528,109$401,983,256−11.5%
St. Luke's Regional Medical Center, Sioux City179$237,962,495$204,730,53614.0%

Patients and payers

Discharges
1,869
S-3 line 14, col 15
Inpatient days
7,528
S-3 line 14, col 8
Beds in use, on an average day
49.9
days ÷ days in year
Occupancy
28.5%
days ÷ bed days
Medicare share of days
38.6%
S-3 cols 6 ÷ 8
Medicaid share of days
0.8%
S-3 cols 7 ÷ 8

Who owns it

Related organizations on its own cost report: UNIV OF IOWA (100%), state u of iowa.

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

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Figures: CMS Healthcare Cost Report Information System, file HOSP10FY2024.ZIP, form CMS-2552-10, filed under CMS certification number 160029. 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 May 7, 2026.