Short-term acute care hospital · Cedar Rapids, Iowa · 216 beds · CMS certification number 160079
Mercy Medical Center
Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended June 30, 2025, as submitted, stamped by CMS December 5, 2025. 29 years on file, every one shown below. Also on the 340B covered-entity register.
Fiscal 2025 at a glance
What stands out
- Net patient revenue rose from $91.5M in its first year on file (1997) to $507.7M in 2025.
- Its result from patient care: −$51.4M (2023), −$60.3M (2024), −$10.9M (2025).
- 1 of the 5 short-term acute care hospital peers below with a margin on file also reports a loss on patient care for fiscal year 2025.
- Medicaid paid for 0.0% of its inpatient days and Medicare for 29.1%.
- MERCYCARE SERVICE CORPORATION holds 100% of it, on its Medicare enrollment.
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.
settled
settled
reopened
settled with audit
reopened
settled with audit
reopened
reopened
reopened
reopened
reopened
reopened
settled
reopened
reopened
reopened
reopened
reopened
settled
reopened
reopened
reopened
reopened
settled
settled
settled
settled
settled
as submitted
Beside its peers
Hospitals of the same type (short-term acute care hospital), nearest in size, from Iowa first; each on fiscal year 2025.
| Hospital | Beds | Net patient revenue | Operating expenses | Margin |
|---|---|---|---|---|
| Mercy Medical Center | 216 | $507,673,151 | $518,537,995 | −2.1% |
| Allen Hospital, Waterloo | 200 | $417,350,969 | $373,184,585 | 10.6% |
| Mercyone Genesis, Davenport | 308 | $495,121,236 | $463,837,421 | 6.3% |
| Mercyone North Iowa Medical Center, Mason City | 199 | $429,463,179 | $551,949,591 | −28.5% |
| St. Luke's Hospital, Cedar Rapids | 294 | $546,318,918 | $374,436,328 | 31.5% |
| St. Luke's Regional Medical Center, Sioux City | 245 | $311,404,440 | $286,851,369 | 7.9% |
Patients and payers
- Discharges
- 9,998S-3 line 14, col 15
- Inpatient days
- 41,796S-3 line 14, col 8
- Beds in use, on an average day
- 114.8days ÷ days in year
- Occupancy
- 53.0%days ÷ bed days
- Medicare share of days
- 29.1%S-3 cols 6 ÷ 8
- Medicaid share of days
- 0.0%S-3 cols 7 ÷ 8
Who owns it
- MERCYCARE SERVICE CORPORATION100%
Related organizations on its own cost report: MR ASSOCIATES (33%), mri services.
Type of control on its cost report: voluntary nonprofit, church.
Owners of 5% or more, from CMS’s hospital ownership file (Medicare enrollment, October 1, 2026).
Follow this hospital, free
We send this record now and tell you when it files again.
More short-term acute care hospitals in Iowa
From the publisher of Velarion Records
Velarion Intel
Independent Decision-Grade Intelligence
Compensation and corporate governance intelligence for advisors, investors and companies. Executive and board pay for public companies, benchmarked against peers.
Figures: CMS Healthcare Cost Report Information System, file HOSP10FY2024.ZIP, form CMS-2552-10, filed under CMS certification number 160079. 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 HOSP10FY2024.ZIP, read December 5, 2025.