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Short-term acute care hospital · Watervliet, Michigan · 26 beds · CMS certification number 230078

Corewell Health Watervliet Hospital

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended June 30, 2025, as submitted, stamped by CMS December 11, 2025. 30 years on file, every one shown below.

Fiscal 2025 at a glance

Net patient revenue
$52.0M
$51,956,623 · G-3 line 3
Operating expenses
$51.7M
$51,667,540 · G-3 line 4
Result from patient care
$289K
$289,083 · G-3 line 5
Margin on patient care
0.6%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue rose from $14.6M in its first year on file (1996) to $52.0M in 2025.
  • Its result from patient care: $960K (2023), $6.5M (2024), $289K (2025).
  • 1 of the 5 short-term acute care hospital peers below with a margin on file also reports a gain on patient care for fiscal year 2025.

Every statement is drawn from figures on this page; nothing is estimated.

30 years of filings

Net patient revenue against operating expenses, each year as filed.

Net patient revenueOperating expenses
1996
reopened
$14.6M
$14.4M
1997
settled
$15.9M
$15.8M
1998
settled
$17.5M
$17.6M
1999
settled
$19.4M
$19.3M
2000
settled
$19.9M
$20.5M
2001
settled
$20.9M
$21.3M
2002
settled
$24.9M
$24.7M
2003
settled
$27.0M
$27.5M
2004
reopened
$24.8M
$26.7M
2005
reopened
$25.3M
$26.9M
2006
reopened
$25.8M
$26.4M
2007
settled
$28.3M
$26.6M
2008
reopened
$27.9M
$28.3M
2009
reopened
$28.2M
$29.4M
2010
reopened
$30.4M
$29.3M
2011
reopened
$28.8M
$26.0M
2012
settled
$27.0M
$25.7M
2013
reopened
$27.6M
$26.5M
2014
reopened
$35.9M
$33.9M
2015
reopened
$35.6M
$35.6M
2016
reopened
$34.7M
$36.8M
2017
settled
$37.9M
$38.5M
2018
settled
$41.2M
$40.3M
2019
settled
$52.6M
$49.9M
2020
settled
$38.6M
$38.9M
2021
settled
$46.8M
$42.5M
2022
settled
$49.7M
$45.1M
2023
settled
$23.7M
$22.8M
2024
settled
$53.9M
$47.4M
2025
as submitted
$52.0M
$51.7M

Beside its peers

Short-term acute care hospitals in Michigan with 25 to 49 beds, each on fiscal year 2025.

HospitalBedsNet patient revenueOperating expensesMargin
Corewell Health Watervliet Hospital26$51,956,623$51,667,5400.6%
Corewell Health Ludington Hospital, Ludington39$132,316,323$125,144,3125.4%
Mymichigan Medical Center Alma, Alma38$136,551,627$149,409,143−9.4%
Up Health System Portage, Hancock36$91,061,993$99,110,721−8.8%
Straith Hospital for Special Surgery, Southfield34$13,462,247$14,841,432−10.2%
Trinity Health Grand Haven Hospital, Grand Haven36$51,871,409$55,996,019−8.0%

Patients and payers

Discharges
16
S-3 line 14, col 15
Inpatient days
17
S-3 line 14, col 8
Beds in use, on an average day
0.0
days ÷ days in year
Occupancy
0.2%
days ÷ bed days
Medicare share of days
35.3%
S-3 cols 6 ÷ 8

Who owns it

Related organizations on its own cost report: COREWELL HEALTH (100%), healthcare; COREWELL HEALTH (100%), healthcare.

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 230078. 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 11, 2025.