Velarion Records

Short-term acute care hospital · Louisville, Kentucky · 473 beds · CMS certification number 180130

Baptist Health Louisville

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended August 31, 2025, as submitted, stamped by CMS February 5, 2026. 29 years on file, every one shown below.

Fiscal 2025 at a glance

Net patient revenue
$788.1M
$788,117,792 · G-3 line 3
Operating expenses
$898.9M
$898,902,985 · G-3 line 4
Result from patient care
−$110.8M
−$110,785,193 · G-3 line 5
Margin on patient care
−14.1%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue rose from $170.6M in its first year on file (1997) to $788.1M in 2025.
  • Its result from patient care: −$48.4M (2023), −$108.2M (2024), −$110.8M (2025).
  • 3 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 1.5% of its inpatient days and Medicare for 31.7%.

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
reopened
$170.6M
$154.5M
1998
reopened
$181.0M
$167.3M
1999
reopened
$184.0M
$172.1M
2000
reopened
$202.2M
$193.8M
2001
reopened
$215.6M
$207.2M
2002
reopened
$232.6M
$227.4M
2003
reopened
$241.9M
$236.9M
2004
reopened
$277.0M
$266.8M
2005
settled
$310.3M
$294.0M
2006
reopened
$320.7M
$307.5M
2007
settled
$339.5M
$329.3M
2008
reopened
$353.5M
$344.8M
2009
reopened
$382.6M
$376.8M
2010
reopened
$412.9M
$418.5M
2011
reopened
$448.0M
$442.9M
2012
reopened
$464.6M
$463.7M
2013
reopened
$467.3M
$477.8M
2014
settled
$473.6M
$464.0M
2015
reopened
$487.8M
$491.4M
2016
reopened
$527.3M
$495.4M
2017
reopened
$523.3M
$537.0M
2018
reopened
$529.6M
$482.6M
2019
reopened
$560.3M
$569.9M
2020
reopened
$552.0M
$602.0M
2021
reopened
$637.1M
$669.1M
2022
settled
$663.3M
$772.1M
2023
settled
$677.1M
$725.5M
2024
amended
$742.9M
$851.0M
2025
as submitted
$788.1M
$898.9M

Beside its peers

Short-term acute care hospitals in Kentucky with 400 and over beds, each on fiscal year 2025.

HospitalBedsNet patient revenueOperating expensesMargin
Baptist Health Louisville473$788,117,792$898,902,985−14.1%
Baptist Health Lexington, Lexington434$954,163,471$973,905,048−2.1%
Norton Hospitals, Louisville1,566$3,646,122,388$3,418,363,7906.3%
St. Elizabeth Edgewood, Edgewood470$1,291,837,373$1,242,735,9273.8%
University of Kentucky, Lexington1,067$2,460,590,016$3,126,017,421−27.0%
Uofl Health - Louisville, Louisville789$1,205,800,460$1,219,449,232−1.1%

Patients and payers

Discharges
24,126
S-3 line 14, col 15
Inpatient days
129,181
S-3 line 14, col 8
Beds in use, on an average day
354.9
days ÷ days in year
Occupancy
74.8%
days ÷ bed days
Medicare share of days
31.7%
S-3 cols 6 ÷ 8
Medicaid share of days
1.5%
S-3 cols 7 ÷ 8

Who owns it

Related organizations on its own cost report: BAPTIST HEALTHCARE SYSTEM (100%), home office.

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

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Figures: CMS Healthcare Cost Report Information System, file HOSP10FY2024.ZIP, form CMS-2552-10, filed under CMS certification number 180130. 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 February 5, 2026.