Velarion Records

Short-term acute care hospital · Traverse City, Michigan · 400 beds · CMS certification number 230097

Munson Medical Center

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended June 30, 2025, as submitted, stamped by CMS December 12, 2025. 29 years on file, every one shown below.

Fiscal 2025 at a glance

Net patient revenue
$765.7M
$765,744,447 · G-3 line 3
Operating expenses
$766.5M
$766,483,734 · G-3 line 4
Result from patient care
−$739K
−$739,287 · G-3 line 5
Margin on patient care
−0.1%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue rose from $168.0M in its first year on file (1997) to $765.7M in 2025.
  • Its result from patient care: −$49.6M (2023), −$13.5M (2024), −$739K (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 23.9%.

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
settled with audit
$168.0M
$160.5M
1998
settled with audit
$174.5M
$165.1M
1999
reopened
$187.8M
$181.9M
2000
settled with audit
$208.4M
$200.1M
2001
settled
$222.5M
$222.7M
2002
settled
$245.1M
$241.5M
2003
settled
$263.0M
$263.1M
2004
settled
$281.8M
$285.3M
2005
reopened
$293.7M
$293.9M
2006
settled
$321.0M
$317.0M
2007
reopened
$343.4M
$334.6M
2008
settled
$372.5M
$367.4M
2009
settled
$394.2M
$382.4M
2010
reopened
$427.3M
$411.3M
2011
reopened
$445.8M
$435.1M
2012
reopened
$460.1M
$451.4M
2013
reopened
$461.8M
$465.5M
2014
reopened
$480.0M
$473.4M
2015
settled
$509.2M
$474.0M
2016
reopened
$533.1M
$506.3M
2017
reopened
$576.5M
$545.8M
2018
reopened
$591.1M
$567.0M
2019
reopened
$620.1M
$596.5M
2020
reopened
$608.1M
$620.1M
2021
settled
$669.5M
$644.8M
2022
settled with audit
$688.5M
$712.4M
2023
settled
$710.9M
$760.5M
2024
settled
$799.0M
$812.5M
2025
as submitted
$765.7M
$766.5M

Beside its peers

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

HospitalBedsNet patient revenueOperating expensesMargin
Munson Medical Center400$765,744,447$766,483,734−0.1%
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%
Covenant Medical Center, Saginaw464$796,939,421$851,048,165−6.8%
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
21,968
S-3 line 14, col 15
Inpatient days
96,656
S-3 line 14, col 8
Beds in use, on an average day
265.5
days ÷ days in year
Occupancy
66.1%
days ÷ bed days
Medicare share of days
23.9%
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: MUNSON HEALTHCARE (0%), home office.

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

Follow this hospital, free

We send this record now and tell you when it files again.

More short-term acute care hospitals in Michigan

From the publisher of Velarion Records

Velarion Intel

Independent Decision-Grade Intelligence

Compensation and corporate governance intelligence for advisors, investors and companies. Executive and board pay for public companies, benchmarked against peers.

See what Intel shows

Figures: CMS Healthcare Cost Report Information System, file HOSP10FY2024.ZIP, form CMS-2552-10, filed under CMS certification number 230097. 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 12, 2025.