Velarion Records

Short-term acute care hospital · Toledo, Ohio · 212 beds · CMS certification number 360048

University of Toledo Medical Center

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended June 30, 2025, as submitted, stamped by CMS August 26, 2026. 29 years on file, every one shown below. Also on the 340B covered-entity register.

Fiscal 2025 at a glance

Net patient revenue
$353.5M
$353,543,864 · G-3 line 3
Operating expenses
$506.9M
$506,900,487 · G-3 line 4
Result from patient care
−$153.4M
−$153,356,623 · G-3 line 5
Margin on patient care
−43.4%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue rose from $148.9M in its first year on file (1997) to $353.5M in 2025.
  • Its result from patient care: −$123.6M (2023), −$131.5M (2024), −$153.4M (2025).
  • 3 of the 5 short-term acute care hospital peers below with a margin on file also report a loss on patient care for fiscal year 2025.
  • Medicaid paid for 1.7% of its inpatient days and Medicare for 20.3%.

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

29 years of filings

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

Net patient revenueOperating expenses
1997
reopened
$148.9M
$150.5M
1998
reopened
$143.0M
$140.2M
1999
reopened
$142.8M
$151.0M
2000
reopened
$140.0M
$147.8M
2001
reopened
$149.7M
$167.9M
2002
reopened
$158.5M
$178.1M
2003
reopened
$169.7M
$181.4M
2004
reopened
$181.7M
$186.9M
2005
reopened
$191.0M
$191.1M
2006
reopened
$211.2M
$203.1M
2007
reopened
$229.2M
$221.5M
2008
reopened
$250.0M
$242.8M
2009
reopened
$246.9M
$259.5M
2010
reopened
$251.6M
$257.5M
2011
reopened
$255.7M
$237.3M
2012
reopened
$265.1M
$261.0M
2013
reopened
$261.9M
$276.6M
2014
reopened
$255.6M
$283.4M
2015
reopened
$289.1M
$310.3M
2016
reopened
$298.0M
$318.6M
2017
reopened
$315.9M
$312.2M
2018
reopened
$293.0M
$303.3M
2019
reopened
$285.4M
$303.9M
2020
reopened
$219.3M
$299.1M
2021
reopened
$374.4M
$320.1M
2022
settled with audit
$267.4M
$365.2M
2023
as submitted
$294.6M
$418.2M
2024
as submitted
$326.6M
$458.1M
2025
as submitted
$353.5M
$506.9M

Beside its peers

Short-term acute care hospitals in Ohio with 200 to 399 beds, each on fiscal year 2025.

HospitalBedsNet patient revenueOperating expensesMargin
University of Toledo Medical Center212$353,543,864$506,900,487−43.4%
Mercy Health - Springfield Regional Medical Center, Springfield200$322,868,443$335,370,330−3.9%
Lake Health, Concord237$329,757,097$402,161,025−22.0%
Licking Memorial Hospital, Newark219$400,544,476$331,497,60217.2%
MH St. Elizabeth Boardman Hospital, Youngstown230$326,142,729$276,880,36215.1%
Southwest General Health Center, Middleburg Heights221$418,820,934$442,937,113−5.8%

Patients and payers

Discharges
9,369
S-3 line 14, col 15
Inpatient days
46,798
S-3 line 14, col 8
Beds in use, on an average day
128.6
days ÷ days in year
Occupancy
60.5%
days ÷ bed days
Medicare share of days
20.3%
S-3 cols 6 ÷ 8
Medicaid share of days
1.7%
S-3 cols 7 ÷ 8

Who owns it

Related organizations on its own cost report: UNIV OF TOLEDO (100%).

Type of control on its cost report: governmental, state.

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Figures: CMS Healthcare Cost Report Information System, file HOSP10FY2024.ZIP, form CMS-2552-10, filed under CMS certification number 360048. Patients and payers: worksheet S-3 Part I of the same filing.

How this page was built: the CMS Medicare cost report, file HOSP10FY2024.ZIP, read August 26, 2026.