Velarion Records

Short-term acute care hospital · Carson City, Michigan · 48 beds · CMS certification number 230208

University of Michigan Health-Sparrow

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
$55.8M
$55,819,703 · G-3 line 3
Operating expenses
$55.5M
$55,514,418 · G-3 line 4
Result from patient care
$305K
$305,285 · G-3 line 5
Margin on patient care
0.5%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue rose from $24.4M in its first year on file (1996) to $55.8M in 2025.
  • Its result from patient care: −$3.4M (2023), −$1.5M (2024), $305K (2025).
  • 2 of the 5 short-term acute care hospital peers below with a margin on file also report a gain on patient care for fiscal year 2025.
  • Medicaid paid for 4.6% of its inpatient days and Medicare for 26.9%.
  • REGENTS OF THE UNIVERSITY OF MICHIGAN holds 100% of it, on its Medicare enrollment.

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
settled
$24.4M
$25.9M
1997
reopened
$25.9M
$26.5M
1998
reopened
$26.3M
$28.1M
1999
settled
$27.6M
$29.4M
2000
reopened
$29.4M
$31.3M
2001
reopened
$32.9M
$33.7M
2002
reopened
$34.4M
$34.0M
2003
reopened
$36.8M
$37.1M
2004
settled
$38.2M
$38.6M
2005
reopened
$40.6M
$41.5M
2006
reopened
$41.4M
$44.4M
2007
reopened
$45.9M
$48.0M
2008
reopened
$47.8M
$49.0M
2009
reopened
$54.4M
$55.9M
2010
reopened
$54.2M
$56.3M
2011
reopened
$53.3M
$58.2M
2012
reopened
$56.3M
$61.8M
2013
reopened
$57.7M
$62.3M
2014
reopened
$54.3M
$56.8M
2015
reopened
$54.1M
$58.3M
2016
reopened
$56.1M
$62.2M
2017
settled
$48.8M
$60.0M
2018
settled
$36.8M
$55.3M
2019
settled
$42.9M
$52.2M
2020
settled
$40.3M
$49.8M
2021
settled
$46.2M
$50.3M
2022
settled
$43.8M
$51.0M
2023
settled
$22.0M
$25.4M
2024
settled
$50.6M
$52.1M
2025
as submitted
$55.8M
$55.5M

Beside its peers

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

HospitalBedsNet patient revenueOperating expensesMargin
University of Michigan Health-Sparrow48$55,819,703$55,514,4180.5%
Dickinson County Healthcare System, Iron Mountain49$132,214,526$170,417,461−28.9%
McLaren Central Michigan, Mt Pleasant49$143,524,357$180,257,371−25.6%
Munson Healthcare Cadillac, Cadillac49$224,239,719$204,070,6849.0%
Mymichigan Medical Center Tawas, Tawas47$52,168,432$53,430,322−2.4%
Three Rivers Health, Three Rivers48$73,049,131$70,212,6983.9%

Patients and payers

Discharges
543
S-3 line 14, col 15
Inpatient days
1,620
S-3 line 14, col 8
Beds in use, on an average day
4.5
days ÷ days in year
Occupancy
9.3%
days ÷ bed days
Medicare share of days
26.9%
S-3 cols 6 ÷ 8
Medicaid share of days
4.6%
S-3 cols 7 ÷ 8

Who owns it

  • REGENTS OF THE UNIVERSITY OF MICHIGAN100%
  • SPARROW HEALTH SYSTEM100%
  • UM HEALTH100%

Related organizations on its own cost report: SPARROW HEALTH (100%), home office.

Other hospitals with the same owner: University of Michigan Health-Sparrow Lansing (MI), University of Michigan Health - West (MI), Chelsea Hospital (MI), University of Michigan Health-Sparrow Clinton (MI), University of Michigan Health-Sparrow Eaton (MI), University of Michigan Health-Sparrow Ionia (MI), University of Michigan Health-Sparrow Specialty Hospital (MI).

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

Owners of 5% or more, from CMS’s hospital ownership file (Medicare enrollment, October 1, 2026).

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Figures: CMS Healthcare Cost Report Information System, file HOSP10FY2024.ZIP, form CMS-2552-10, filed under CMS certification number 230208. 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 December 11, 2025.