Short-term acute care hospital · Spirit Lake, Iowa · 44 beds · CMS certification number 160124
Lakes Regional Healthcare
Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended June 30, 2025, as submitted, stamped by CMS December 10, 2025. 29 years on file, every one shown below.
Fiscal 2025 at a glance
What stands out
- Net patient revenue rose from $13.5M in its first year on file (1997) to $68.8M in 2025.
- Its result from patient care: −$3.3M (2023), $968K (2024), $132K (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 13.2% of its inpatient days and Medicare for 47.5%.
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.
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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 |
|---|---|---|---|---|
| Lakes Regional Healthcare | 44 | $68,833,914 | $68,701,568 | 0.2% |
| Grinnell Regional Medical Center, Grinnell | 21 | $70,354,800 | $76,046,863 | −8.1% |
| Mercyone Cedar Falls Medical Center, Cedar Falls | 35 | $43,240,727 | $38,274,959 | 11.5% |
| Mercyone Newton Medical Center, Newton | 48 | $30,858,814 | $33,099,976 | −7.3% |
| Spencer Municipal Hospital, Spencer | 49 | $128,489,098 | $126,956,968 | 1.2% |
| Trinity Regional Medical Center, Fort Dodge | 49 | $193,932,852 | $199,858,427 | −3.1% |
Patients and payers
- Discharges
- 1,014S-3 line 14, col 15
- Inpatient days
- 3,646S-3 line 14, col 8
- Beds in use, on an average day
- 10.0days ÷ days in year
- Occupancy
- 22.7%days ÷ bed days
- Medicare share of days
- 47.5%S-3 cols 6 ÷ 8
- Medicaid share of days
- 13.2%S-3 cols 7 ÷ 8
Who owns it
Related organizations on its own cost report: AVERA MCKENNAN, health system.
Type of control on its cost report: governmental, county.
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Figures: CMS Healthcare Cost Report Information System, file HOSP10FY2024.ZIP, form CMS-2552-10, filed under CMS certification number 160124. 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 10, 2025.