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Children's hospital · Detroit, Michigan · 245 beds · CMS certification number 233300

Children's Hospital of Michigan

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended December 31, 2025, as submitted, stamped by CMS June 22, 2026. 30 years on file, every one shown below.

Fiscal 2025 at a glance

Net patient revenue
$636.5M
$636,510,623 · G-3 line 3
Operating expenses
$462.1M
$462,060,343 · G-3 line 4
Result from patient care
$174.5M
$174,450,280 · G-3 line 5
Margin on patient care
27.4%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue rose from $183.8M in its first year on file (1996) to $636.5M in 2025.
  • Its result from patient care: $16.0M (2023), $167.4M (2024), $174.5M (2025).
  • 4 of the 5 children's hospital peers below with a margin on file also report a gain on patient care for fiscal year 2025.
  • Medicaid paid for 11.3% of its inpatient days and Medicare for 0.6%.
  • TENET HEALTHCARE CORPORATION 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
reopened
$183.8M
$185.7M
1997
reopened
$172.7M
$177.9M
1998
reopened
$184.5M
$176.7M
1999
reopened
$166.4M
$178.7M
2000
settled
$189.8M
$198.9M
2001
settled
$212.1M
$207.8M
2002
reopened
$223.9M
$224.2M
2003
reopened
$235.9M
$230.1M
2004
settled
$248.8M
$251.1M
2005
reopened
$276.0M
$270.9M
2006
settled
$287.9M
$280.6M
2007
reopened
$302.6M
$299.3M
2008
reopened
$324.5M
$317.3M
2009
settled
$333.8M
$346.6M
2010
settled
$346.4M
$342.0M
2011
settled
$347.7M
$327.9M
2012
settled
$356.2M
$347.3M
2013
settled
$328.8M
$350.3M
2014
reopened
$312.4M
$347.4M
2015
reopened
$334.3M
$347.6M
2016
reopened
$363.8M
$363.3M
2017
reopened
$376.7M
$371.4M
2018
settled
$399.7M
$365.6M
2019
settled
$413.0M
$373.6M
2020
settled
$333.8M
$369.6M
2021
settled
$432.4M
$391.9M
2022
settled
$393.0M
$394.3M
2023
as submitted
$433.4M
$417.4M
2024
as submitted
$609.3M
$441.9M
2025
as submitted
$636.5M
$462.1M

Beside its peers

Hospitals of the same type (children's hospital), nearest in size, from Michigan first; each on fiscal year 2025.

HospitalBedsNet patient revenueOperating expensesMargin
Children's Hospital of Michigan245$636,510,623$462,060,34327.4%
Children's Nebraska, Omaha (NE)225$1,036,090,761$752,329,94127.4%
Driscoll Childrens Hospital, Corpus Christi (TX)243$975,265,105$723,850,25425.8%
Johns Hopkins All Children's Hospital, St. Petersburg (FL)259$821,711,577$833,181,733−1.4%
Kapiolani Medical Center for Women & Children, Honolulu (HI)253$451,050,641$439,180,9872.6%
University of South Alabama, Mobile (AL)245$306,572,609$293,860,4104.2%

Patients and payers

Discharges
8,960
S-3 line 14, col 15
Inpatient days
53,588
S-3 line 14, col 8
Beds in use, on an average day
147.2
days ÷ days in year
Occupancy
60.0%
days ÷ bed days
Medicare share of days
0.6%
S-3 cols 6 ÷ 8
Medicaid share of days
11.3%
S-3 cols 7 ÷ 8

Who owns it

  • TENET HEALTHCARE CORPORATION100%
  • VANGUARD HEALTH FINANCIAL COMPANY LLC100%
  • VANGUARD HEALTH HOLDING COMPANY I LLC100%
  • VANGUARD HEALTH HOLDING COMPANY II LLC100%
  • VANGUARD HEALTH MANAGEMENT INC100%
  • VANGUARD HEALTH SYSTEMS INC100%
  • VHS OF MICHIGAN INC100%
  • MORGAN STANLEY DEAN WITTER CAPITAL8%

Indirect owner: MORGAN STANLEY DEAN WITTER CAPITAL

Related organizations on its own cost report: TENET HEALTHCARE CORPORATION, parent company; CONIFER, credit and collection; GLOBAL BUSINESS CENTER, accounting support; DMC CORP, healthcare; PHYSICIAN SERVICES - TPR, physician services.

Other hospitals with the same owner: St. Mary's Hospital (AZ), St. Joseph's Hospital (AZ), Abrazo Central Campus (AZ), Abrazo Scottsdale Campus (AZ), Abrazo Arrowhead Campus (AZ), Arizona Spine and Joint Hospital (AZ), Abrazo West Campus (AZ), Arizona Specialty Hospital (AZ), HCH Tucson Holdings (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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Figures: CMS Healthcare Cost Report Information System, file HOSP10FY2025.ZIP, form CMS-2552-10, filed under CMS certification number 233300. 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 June 22, 2026.