Velarion Records

Short-term acute care hospital · Saginaw, Michigan · 181 beds · CMS certification number 230077

N/A

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended June 30, 2025, amended, stamped by CMS May 6, 2026. 29 years on file, every one shown below. Also on the 340B covered-entity register.

Fiscal 2025 at a glance

Net patient revenue
$244.7M
$244,691,033 · G-3 line 3
Operating expenses
$324.9M
$324,892,160 · G-3 line 4
Result from patient care
−$80.2M
−$80,201,127 · G-3 line 5
Margin on patient care
−32.8%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue rose from $140.6M in its first year on file (1997) to $244.7M in 2025.
  • Its result from patient care: −$84.6M (2023), −$71.9M (2024), −$80.2M (2025).
  • All 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 4.5% of its inpatient days and Medicare for 21.0%.
  • MYMICHIGAN MEDICAL CENTER SAGINAW 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.

Net patient revenueOperating expenses
1997
reopened
$140.6M
$127.7M
1998
reopened
$155.0M
$143.5M
1999
reopened
$161.8M
$157.4M
2000
reopened
$169.3M
$173.9M
2001
reopened
$178.0M
$176.8M
2002
settled
$194.3M
$192.2M
2003
settled
$187.6M
$207.8M
2004
settled
$209.3M
$208.5M
2005
reopened
$224.1M
$222.7M
2006
reopened
$242.1M
$231.7M
2007
reopened
$254.6M
$245.6M
2008
reopened
$262.7M
$252.0M
2009
reopened
$248.1M
$259.8M
2010
reopened
$249.4M
$257.4M
2011
reopened
$249.0M
$250.2M
2012
reopened
$261.2M
$233.8M
2013
reopened
$231.0M
$249.0M
2014
reopened
$219.0M
$238.3M
2015
reopened
$223.9M
$246.9M
2016
reopened
$252.1M
$255.7M
2017
reopened
$244.9M
$266.2M
2018
reopened
$238.5M
$293.0M
2019
reopened
$244.3M
$283.9M
2020
reopened
$242.5M
$311.3M
2021
reopened
$285.5M
$345.7M
2022
reopened
$275.8M
$364.2M
2023
settled
$264.2M
$348.8M
2024
settled
$253.3M
$325.2M
2025
amended
$244.7M
$324.9M

Beside its peers

Short-term acute care hospitals in Michigan with 100 to 199 beds, each on fiscal year 2025.

HospitalBedsNet patient revenueOperating expensesMargin
N/A181$244,691,033$324,892,160−32.8%
Henry Ford Rochester Hospital, Rochester174$294,461,867$300,851,194−2.2%
Henry Ford West Bloomfield Hospital, West Bloomfield188$479,475,783$495,845,086−3.4%
Holland Hospital, Holland191$281,330,792$310,173,561−10.3%
Up Health System Marquette, Marquette163$399,952,150$422,957,790−5.8%
McLaren Greater Lansing, Lansing Mi 489100186$462,944,558$481,586,963−4.0%

Patients and payers

Discharges
5,088
S-3 line 14, col 15
Inpatient days
39,621
S-3 line 14, col 8
Beds in use, on an average day
108.8
days ÷ days in year
Occupancy
60.0%
days ÷ bed days
Medicare share of days
21.0%
S-3 cols 6 ÷ 8
Medicaid share of days
4.5%
S-3 cols 7 ÷ 8

Who owns it

  • MYMICHIGAN MEDICAL CENTER SAGINAW100%

Related organizations on its own cost report: MIDMICHIGAN HE (100%), midmichigan he; MIDMICHIGAN ME, midmichigan me.

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).

Community benefit, as filed

From IRS Form 990 Schedule H, Part I, filed by ASCENSION ST MARY'S HOSPITAL (employer identification number 380997730) for tax year 2022. The return lists this hospital as its one hospital facility.

FigureAs filedWhere it comes from
Total community benefit expense (line 7k)$20,103,403IRS Form 990 Schedule H, Part I, <TotalCommunityBenefitsGrp><NetCommunityBenefitExpnsAmt>
Financial assistance at cost (line 7a)$1,868,192IRS Form 990 Schedule H, Part I, <FinancialAssistanceAtCostTyp><NetCommunityBenefitExpnsAmt>
Medicaid (line 7b)$10,934,135IRS Form 990 Schedule H, Part I, <UnreimbursedMedicaidGrp><NetCommunityBenefitExpnsAmt>
Financial assistance and means-tested government programs (line 7d)$12,802,327IRS Form 990 Schedule H, Part I, <TotalFinancialAssistanceTyp><NetCommunityBenefitExpnsAmt>
Other benefits (line 7j)$7,301,076IRS Form 990 Schedule H, Part I, <TotalOtherBenefitsGrp><NetCommunityBenefitExpnsAmt>
Total, fraction of total expense (line 7k, column f)0.0574IRS Form 990 Schedule H, Part I, <TotalCommunityBenefitsGrp><TotalExpensePct>

E-file object id 202401329349300500. The IRS archive it was read from.

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Figures: CMS Healthcare Cost Report Information System, file HOSP10FY2024.ZIP, form CMS-2552-10, filed under CMS certification number 230077. 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 May 6, 2026.