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Critical access hospital · Reed City, Michigan · 22 beds · CMS certification number 231323

Corewell Health Reed City Hospital

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended December 31, 2025, as submitted, stamped by CMS May 29, 2026. 21 years on file, every one shown below. Also on the 340B covered-entity register.

Fiscal 2025 at a glance

Net patient revenue
$91.0M
$91,028,999 · G-3 line 3
Operating expenses
$75.9M
$75,894,395 · G-3 line 4
Result from patient care
$15.1M
$15,134,604 · G-3 line 5
Margin on patient care
16.6%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue rose from $13.6M in its first year on file (2005) to $91.0M in 2025.
  • Its result from patient care: $11.4M (2023), $21.1M (2024), $15.1M (2025).
  • 4 of the 5 critical access hospital peers below with a margin on file also report a gain on patient care for fiscal year 2025.
  • Medicaid paid for 2.3% of its inpatient days and Medicare for 35.5%.

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
$13.6M
$13.4M
2006
reopened
$33.0M
$34.7M
2007
settled
$39.1M
$40.0M
2008
settled with audit
$41.6M
$41.7M
2009
settled with audit
$45.7M
$43.7M
2010
settled
$47.9M
$46.2M
2011
settled with audit
$49.4M
$47.6M
2012
settled
$53.6M
$51.5M
2013
settled
$53.3M
$49.3M
2014
settled
$57.6M
$52.0M
2015
reopened
$60.5M
$53.1M
2016
reopened
$67.5M
$56.2M
2017
reopened
$66.7M
$57.0M
2018
settled
$58.4M
$54.4M
2019
reopened
$67.5M
$57.4M
2020
settled
$72.9M
$61.3M
2021
settled
$78.9M
$60.4M
2022
settled
$77.1M
$60.7M
2023
settled
$79.1M
$67.8M
2024
settled
$92.7M
$71.7M
2025
as submitted
$91.0M
$75.9M

Beside its peers

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

HospitalBedsNet patient revenueOperating expensesMargin
Corewell Health Reed City Hospital22$91,028,999$75,894,39516.6%
Baraga County Memorial Hospital, Lanse24$32,011,867$34,462,835−7.7%
Bronson Lakeview Hospital, Paw Paw16$93,732,624$73,319,23521.8%
Eaton Rapids Medical Center, Eaton Rapids20$49,331,698$48,346,6822.0%
Trinity Health Shelby Hospital, Shelby24$48,179,736$40,225,50116.5%
University of Michigan Health-Sparrow Ionia, Ionia22$73,755,264$61,068,04317.2%

Patients and payers

Discharges
199
S-3 line 14, col 15
Inpatient days
515
S-3 line 14, col 8
Beds in use, on an average day
1.4
days ÷ days in year
Occupancy
6.4%
days ÷ bed days
Medicare share of days
35.5%
S-3 cols 6 ÷ 8
Medicaid share of days
2.3%
S-3 cols 7 ÷ 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 HOSP10FY2025.ZIP, form CMS-2552-10, filed under CMS certification number 231323. Patients and payers: worksheet S-3 Part I of the same filing.

How this page was built: the CMS Medicare cost report, file HOSP10FY2025.ZIP, read May 29, 2026.