Velarion Records

Rehabilitation hospital · Grand Rapids, Michigan · 167 beds · CMS certification number 233026

Mary Free Bed Rehabilitation Hospital

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended March 31, 2026, as submitted, stamped by CMS September 28, 2026. 30 years on file, every one shown below.

Fiscal 2026 at a glance

Net patient revenue
$210.4M
$210,431,189 · G-3 line 3
Operating expenses
$245.9M
$245,930,812 · G-3 line 4
Result from patient care
−$35.5M
−$35,499,623 · G-3 line 5
Margin on patient care
−16.9%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue rose from $20.3M in its first year on file (1997) to $210.4M in 2026.
  • Its result from patient care: −$9.5M (2024), −$38.9M (2025), −$35.5M (2026).
  • 2 of the 5 rehabilitation hospital peers below with a margin on file also report a loss on patient care for fiscal year 2026.
  • Medicaid paid for 2.9% of its inpatient days and Medicare for 14.2%.
  • MARY FREE BED GUILD OF GRAND RAPIDS 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
1997
reopened
$20.3M
$22.2M
1998
reopened
$20.0M
$20.9M
1999
reopened
$22.1M
$22.2M
2000
settled
$25.0M
$25.0M
2001
settled
$25.1M
$30.1M
2002
reopened
$26.4M
$32.0M
2003
reopened
$27.4M
$26.7M
2004
reopened
$28.1M
$28.5M
2005
settled
$29.3M
$29.1M
2006
reopened
$30.9M
$30.6M
2007
reopened
$30.6M
$30.7M
2008
settled
$32.9M
$33.3M
2009
reopened
$32.0M
$33.8M
2010
reopened
$36.5M
$36.7M
2011
reopened
$35.7M
$35.8M
2012
settled
$42.4M
$41.3M
2013
reopened
$48.5M
$47.9M
2014
settled
$53.6M
$53.5M
2015
settled
$53.6M
$56.9M
2016
settled
$70.9M
$69.8M
2017
settled
$80.9M
$80.4M
2018
reopened
$101.5M
$97.0M
2019
reopened
$102.0M
$97.0M
2020
reopened
$100.4M
$98.8M
2021
settled
$108.3M
$122.3M
2022
settled
$107.4M
$135.1M
2023
settled
$110.4M
$114.2M
2024
settled
$102.2M
$111.6M
2025
as submitted
$187.2M
$226.1M
2026
as submitted
$210.4M
$245.9M

Beside its peers

Hospitals of the same type (rehabilitation hospital), nearest in size, from Michigan first; each on fiscal year 2026.

HospitalBedsNet patient revenueOperating expensesMargin
Mary Free Bed Rehabilitation Hospital167$210,431,189$245,930,812−16.9%
Encompass Health Rehabilitation Hospital of San Antonio, San Antonio (TX)108$29,069,567$32,665,631−12.4%
Encompass Health Rehabilitation Hospital of North Alabama, Huntsville (AL)85$46,069,583$41,253,31210.4%
Encompass Health Rehabilitation Hospital of Fort Smith, Fort Smith (AR)80$35,740,686$28,781,15819.5%
The Rehabilitation Institute of St. Louis, an Affiliation of BJC Healt, St Louis (MO)176$89,225,943$83,441,6776.5%
Vanderbilt Stallworth Rehabilitation Hospital, Nashville (TN)80$25,986,726$27,397,062−5.4%

Patients and payers

Discharges
3,213
S-3 line 14, col 15
Inpatient days
47,570
S-3 line 14, col 8
Beds in use, on an average day
130.7
days ÷ days in year
Occupancy
87.9%
days ÷ bed days
Medicare share of days
14.2%
S-3 cols 6 ÷ 8
Medicaid share of days
2.9%
S-3 cols 7 ÷ 8

Who owns it

  • MARY FREE BED GUILD OF GRAND RAPIDS MICHIGAN100%

Related organizations on its own cost report: MARY FREE BED BRACE & COR, othotics and prosthetics.

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 HOSP10FY2025.ZIP, form CMS-2552-10, filed under CMS certification number 233026. 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 HOSP10FY2025.ZIP, read September 28, 2026.