Velarion Records

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

Up Health System Bell

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended June 30, 2025, as submitted, stamped by CMS December 11, 2025. 21 years on file, every one shown below.

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.

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

21 years of filings

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

Net patient revenueOperating expenses
2005
settled
$18.8M
$17.5M
2006
settled
$27.3M
$25.4M
2007
settled
$32.1M
$29.4M
2008
reopened
$37.7M
$32.8M
2009
settled
$42.3M
$40.7M
2010
settled
$39.1M
$41.1M
2011
settled with audit
$40.9M
$41.1M
2012
settled
$42.4M
$44.8M
2013
settled
$39.8M
$39.5M
2014
settled
$25.1M
$26.6M
2015
settled
$45.8M
$43.3M
2016
settled
$46.9M
$44.7M
2017
settled
$45.2M
$44.0M
2018
settled
$45.3M
$43.8M
2019
settled
$46.9M
$46.0M
2020
settled
$44.6M
$45.5M
2021
settled
$50.4M
$47.7M
2022
settled
$51.6M
$50.4M
2023
settled
$55.4M
$53.5M
2024
settled
$63.3M
$59.4M
2025
as submitted
$68.5M
$64.3M

Beside its peers

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

HospitalBedsNet patient revenueOperating expensesMargin
Up Health System Bell25$68,461,529$64,278,9496.1%
Beacon Dowagiac, Dowagiac25$15,926,668$17,898,575−12.4%
Helen Newberry Joy Hospital & Healthcare Center, Newberry25$39,937,840$43,005,038−7.7%
McKenzie Health System, Sandusy25$32,931,672$34,391,995−4.4%
Mymichigan Medical Center Standish, Standish25$25,898,893$26,537,237−2.5%
Scheurer Health - Pigeon, Pigeon25$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 (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), Havasu Regional Medical Center (AZ), Canyon Vista Medical Center (AZ), Valley View Medical Center (AZ).

Type of control on its cost report: proprietary, corporation.

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

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More critical access hospitals in Michigan

Figures: CMS Healthcare Cost Report Information System, file HOSP10FY2024.ZIP, form CMS-2552-10, filed under CMS certification number 231321. 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.