Velarion Records

Critical access hospital · Ishpeming, Michigan · 25 beds · CMS certification number 231321

Up Health System Bell

Latest filing: fiscal year ended June 30, 2025, as submitted, stamped by CMS December 11, 2025. 21 years on file, all shown below.

Enrolled with Medicare by Acquisition Bell Hospital.

Fiscal 2025 at a glance

Net patient revenue $68.5M $68,461,529 · G-3 line 3
Operating expenses $64.3M $64,278,949 · G-3 line 4
Result from patient care $4.2M $4,182,580 · G-3 line 5
Margin on patient care 6.1% line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue rose from $18.8M in its first year on file (2005) to $68.5M in 2025.
  • Its result from patient care: $1.9M (2023), $3.9M (2024), $4.2M (2025).
  • None of the 5 critical access hospital peers below with a margin on file reports a gain on patient care for fiscal year 2025.
  • Medicaid paid for 1.3% of its inpatient days and Medicare for 19.2%.
  • DSB ACQUISITION LLC holds 100% of it, on its Medicare enrollment.

How these statements are drawn

21 years of filings

Net patient revenueOperating expenses

2005 settled margin 6.9% $18.8M $17.5M

2006 settled margin 7.3% $27.3M $25.4M

2007 settled margin 8.5% $32.1M $29.4M

2008 reopened margin 12.9% $37.7M $32.8M

2009 settled margin 4.0% $42.3M $40.7M

2010 settled margin −5.2% $39.1M $41.1M

2011 settled with audit margin −0.4% $40.9M $41.1M

2012 settled margin −5.5% $42.4M $44.8M

2013 settled margin 0.5% $39.8M $39.5M

2014 settled margin −5.9% $25.1M $26.6M

2015 settled margin 5.5% $45.8M $43.3M

2016 settled margin 4.7% $46.9M $44.7M

2017 settled margin 2.6% $45.2M $44.0M

2018 settled margin 3.4% $45.3M $43.8M

2019 settled margin 2.0% $46.9M $46.0M

2020 settled margin −2.0% $44.6M $45.5M

2021 settled margin 5.4% $50.4M $47.7M

2022 settled margin 2.5% $51.6M $50.4M

2023 settled margin 3.5% $55.4M $53.5M

2024 settled margin 6.1% $63.3M $59.4M

2025 as submitted margin 6.1% $68.5M $64.3M

Beside its peers

Critical access hospitals in Michigan with 25 to 49 beds, fiscal year 2025.

Hospital Beds Net patient revenue Operating expenses Margin

Up Health System Bell 25 $68,461,529 $64,278,949 6.1%

Ascension Borgess Lee Hospital, Dowagiac 25 $15,926,668 $17,898,575 −12.4%

Helen Newberry Joy Hospital & Healthcare Center, Newberry 25 $39,937,840 $43,005,038 −7.7%

McKenzie Health System, Sandusy 25 $32,931,672 $34,391,995 −4.4%

Mymichigan Medical Center Standish, Standish 25 $25,898,893 $26,537,237 −2.5%

Scheurer Health - Pigeon, Pigeon 25 $67,021,252 $73,901,821 −10.3%

Patients and payers

  • Discharges 646 S-3 line 14, col 15
  • Inpatient days 2,532 S-3 line 14, col 8
  • Beds in use, on an average day 7.0 days ÷ days in year
  • Occupancy 27.8% days ÷ bed days
  • Medicare share of days 19.2% S-3 cols 6 ÷ 8
  • Medicaid share of days 1.3% S-3 cols 7 ÷ 8

Who owns it

  • DSB ACQUISITION LLC100%
  • HISTORIC LIFEPOINT HOSPITALS LLC100%
  • LEGACY LIFEPOINT HEALTH LLC100%
  • LIFEPOINT HEALTH INC100%
  • LIFEPOINT HOLDINGS 2 LLC100%
  • LIFEPOINT HOSPITALS HOLDINGS LLC100%

Related organizations on its own cost report: LIFEPOINT, hosp management; HPG (5%), group purch.

Other hospitals with the same owner: Copper Springs East- Gilbert (AZ), El Dorado Springs (AZ), Dignity Health East Valley Rehabilitation Hospital (AZ), Dignity Health East Valley Rehabilitation Hospital-Gilbert (AZ), North Alabama Medical Center (AL), Shoals Hospital (AL), and 3 more.

Control: proprietary, corporation.

Follow Up Health System Bell, free

More critical access hospitals in Michigan

File HOSP10FY2024.ZIP, form CMS-2552-10, CMS certification number 231321. Owners of 5% or more: CMS Hospital All Owners and Hospital Enrollments, Medicare enrollment October 1, 2026.

How this page was built: the CMS Medicare cost report, file HOSP10FY2024.ZIP, read December 11, 2025.

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