Velarion Records

Short-term acute care hospital · Saginaw, Michigan · 464 beds · CMS certification number 230070

Covenant Medical Center

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended June 30, 2025, as submitted, stamped by CMS December 17, 2025. 29 years on file, every one shown below. Also on the 340B covered-entity register.

Fiscal 2025 at a glance

Net patient revenue
$796.9M
$796,939,421 · G-3 line 3
Operating expenses
$851.0M
$851,048,165 · G-3 line 4
Result from patient care
−$54.1M
−$54,108,744 · G-3 line 5
Margin on patient care
−6.8%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue rose from $138.0M in its first year on file (1997) to $796.9M in 2025.
  • Its result from patient care: −$71.6M (2023), −$43.2M (2024), −$54.1M (2025).
  • 4 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 4.9% of its inpatient days and Medicare for 18.9%.

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
$138.0M
$136.3M
1998
reopened
$148.3M
$153.9M
1999
reopened
$254.5M
$268.6M
2000
reopened
$283.7M
$288.9M
2001
settled with audit
$296.9M
$298.8M
2002
reopened
$313.5M
$321.2M
2003
reopened
$325.6M
$343.2M
2004
settled with audit
$345.9M
$346.4M
2005
settled with audit
$369.9M
$370.3M
2006
settled with audit
$391.5M
$395.0M
2007
settled with audit
$408.3M
$409.2M
2008
reopened
$429.3M
$441.4M
2009
reopened
$467.7M
$469.2M
2010
reopened
$481.5M
$480.5M
2011
reopened
$494.8M
$494.6M
2012
reopened
$477.7M
$488.3M
2013
reopened
$471.0M
$481.4M
2014
reopened
$492.6M
$499.7M
2015
reopened
$536.0M
$539.8M
2016
reopened
$579.6M
$573.5M
2017
reopened
$591.5M
$596.4M
2018
reopened
$618.7M
$628.9M
2019
reopened
$619.2M
$635.3M
2020
reopened
$600.9M
$648.2M
2021
settled with audit
$678.3M
$705.7M
2022
as submitted
$685.3M
$766.1M
2023
as submitted
$680.9M
$752.5M
2024
as submitted
$740.4M
$783.6M
2025
as submitted
$796.9M
$851.0M

Beside its peers

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

HospitalBedsNet patient revenueOperating expensesMargin
Covenant Medical Center464$796,939,421$851,048,165−6.8%
Henry Ford Health - St. John Hospital, Detroit524$1,079,536,119$1,087,122,176−0.7%
Bronson Methodist Hospital, Kalamazoo418$1,312,931,672$1,352,788,982−3.0%
Corewell Health Dearborn Hospital, Dearborn498$786,917,902$772,721,4641.8%
University of Michigan Health-Sparrow Lansing, Lansing454$1,256,386,642$1,333,869,278−6.2%
Trinity Health Ann Arbor Hospital, Ann Arbor479$1,173,128,843$1,180,902,887−0.7%

Patients and payers

Discharges
23,242
S-3 line 14, col 15
Inpatient days
123,344
S-3 line 14, col 8
Beds in use, on an average day
338.9
days ÷ days in year
Occupancy
72.8%
days ÷ bed days
Medicare share of days
18.9%
S-3 cols 6 ÷ 8
Medicaid share of days
4.9%
S-3 cols 7 ÷ 8

Who owns it

Related organizations on its own cost report: SYNERGY, medical education; HILLS & DALES, health facility; SCHEURER, health facility.

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

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Figures: CMS Healthcare Cost Report Information System, file HOSP10FY2024.ZIP, form CMS-2552-10, filed under CMS certification number 230070. 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 17, 2025.