Velarion Records

Short-term acute care hospital · Concord, Ohio · 237 beds · CMS certification number 360098

Lake Health

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended December 31, 2025, as submitted, stamped by CMS July 14, 2026. 30 years on file, every one shown below.

Fiscal 2025 at a glance

Net patient revenue
$329.8M
$329,757,097 · G-3 line 3
Operating expenses
$402.2M
$402,161,025 · G-3 line 4
Result from patient care
−$72.4M
−$72,403,928 · G-3 line 5
Margin on patient care
−22.0%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue rose from $123.9M in its first year on file (1996) to $329.8M in 2025.
  • Its result from patient care: −$118.9M (2023), −$107.8M (2024), −$72.4M (2025).
  • 1 of the 5 short-term acute care hospital peers below with a margin on file also reports a loss on patient care for fiscal year 2025.
  • Medicaid paid for 1.7% of its inpatient days and Medicare for 28.8%.
  • UNIVERSITY HOSPITALS HEALTH SYSTEM INC 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
$123.9M
$121.5M
1997
reopened
$133.7M
$131.4M
1998
settled
$140.8M
$139.3M
1999
settled with audit
$139.5M
$142.4M
2000
settled
$135.2M
$146.0M
2001
settled
$159.2M
$160.2M
2002
settled
$179.5M
$179.0M
2003
settled
$196.5M
$195.4M
2004
settled
$210.6M
$207.2M
2005
reopened
$234.0M
$226.5M
2006
reopened
$241.6M
$237.7M
2007
reopened
$255.1M
$256.0M
2008
settled
$278.4M
$275.0M
2009
reopened
$299.6M
$299.6M
2010
reopened
$322.3M
$320.8M
2011
reopened
$309.0M
$303.5M
2012
reopened
$315.0M
$316.2M
2013
reopened
$299.1M
$308.5M
2014
settled with audit
$313.8M
$315.4M
2015
settled
$324.4M
$329.4M
2016
reopened
$321.3M
$355.6M
2017
reopened
$338.3M
$361.3M
2018
reopened
$348.8M
$372.2M
2019
reopened
$348.5M
$374.2M
2020
reopened
$314.2M
$367.4M
2021
reopened
$350.6M
$397.4M
2022
settled
$342.4M
$407.9M
2023
as submitted
$309.4M
$428.3M
2024
as submitted
$302.0M
$409.8M
2025
as submitted
$329.8M
$402.2M

Beside its peers

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

HospitalBedsNet patient revenueOperating expensesMargin
Lake Health237$329,757,097$402,161,025−22.0%
Adena Regional Medical Center, Chillicothe237$529,019,821$523,379,9351.1%
Atrium Medical Center, Franklin244$283,901,247$254,320,66110.4%
Kettering Health Dayton, Dayton240$797,011,782$840,832,398−5.5%
Ohiohealth Mansfield Hospital, Mansfield240$421,037,254$417,490,2340.8%
MH St. Elizabeth Boardman Hospital, Youngstown230$326,142,729$276,880,36215.1%

Patients and payers

Discharges
9,407
S-3 line 14, col 15
Inpatient days
42,189
S-3 line 14, col 8
Beds in use, on an average day
115.9
days ÷ days in year
Occupancy
48.8%
days ÷ bed days
Medicare share of days
28.8%
S-3 cols 6 ÷ 8
Medicaid share of days
1.7%
S-3 cols 7 ÷ 8

Who owns it

  • UNIVERSITY HOSPITALS HEALTH SYSTEM INC100%

Related organizations on its own cost report: UHHS, healthcare.

Other hospitals with the same owner: University Hospitals Samaritan Medical Center (OH), University Hospitals Parma Medical Center (OH), Uh Regional Hospitals (OH), University Hospitals Portage Medical Center (OH), Uh St. John Medical Center (OH), Uh Cleveland Medical Center (OH), University Hospitals Elyria Medical Center (OH), Uh Ahuja Medical Center, Ahuja Medical Center (OH), Lake Health Beachwood Medical Center (OH), Uh Geneva Medical Center (OH), University Hospitals Conneaut Medical Center (OH), University Hospitals Avon Rehabilitation Hospital (OH).

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 360098. 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 July 14, 2026.