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Short-term acute care hospital · Dakota Dunes, South Dakota · 38 beds · CMS certification number 430089

Dunes Surgical Hospital

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
$111.8M
$111,761,350 · G-3 line 3
Operating expenses
$70.9M
$70,899,029 · G-3 line 4
Result from patient care
$40.9M
$40,862,321 · G-3 line 5
Margin on patient care
36.6%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue rose from $4.6M in its first year on file (1996) to $111.8M in 2025.
  • Its result from patient care: $39.0M (2023), $36.4M (2024), $40.9M (2025).
  • 2 of the 5 short-term acute care hospital peers below with a margin on file also report a gain on patient care for fiscal year 2025.
  • MERCY/USP HEALTH VENTURES LLC holds 52% 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
settled
$4.6M
$4.2M
1997
settled
$4.7M
$4.4M
1998
settled
$4.9M
$4.6M
1999
settled
$5.7M
$5.0M
2000
reopened
$7.1M
$5.6M
2001
settled
$8.7M
$6.2M
2002
settled
$10.5M
$7.0M
2003
settled
$14.7M
$9.1M
2004
settled
$16.7M
$10.0M
2005
settled
$21.3M
$14.2M
2006
settled
$28.3M
$18.8M
2007
settled
$38.2M
$22.7M
2008
settled
$45.1M
$26.2M
2009
settled
$52.8M
$31.5M
2010
settled
$49.7M
$30.6M
2011
settled
$62.5M
$34.7M
2012
settled
$62.7M
$36.8M
2013
settled
$64.3M
$40.5M
2014
settled
$71.3M
$43.0M
2015
settled
$77.7M
$44.8M
2016
settled
$84.4M
$48.3M
2017
settled
$83.5M
$51.5M
2018
settled
$93.0M
$54.8M
2019
settled
$99.1M
$58.2M
2020
settled
$94.7M
$56.9M
2021
settled
$103.9M
$65.5M
2022
settled
$105.7M
$63.2M
2023
settled
$102.7M
$63.7M
2024
settled
$104.7M
$68.3M
2025
as submitted
$111.8M
$70.9M

Beside its peers

Short-term acute care hospitals in South Dakota with 25 to 49 beds, each on fiscal year 2025.

HospitalBedsNet patient revenueOperating expensesMargin
Dunes Surgical Hospital38$111,761,350$70,899,02936.6%
Avera Sacred Heart Hospital, Yankton42$138,043,706$139,326,524−0.9%
Avera St. Marys Hospital, Pierre36$124,560,403$133,793,024−7.4%
Brookings Health System, Brookings49$89,417,282$78,525,28012.2%
Sanford Aberdeen Medical Center, Aberdeen48$80,331,738$90,806,237−13.0%
Sioux Falls Specialty Hospital, Sioux Falls33$154,738,180$116,675,08124.6%

Patients and payers

Discharges
420
S-3 line 14, col 15
Inpatient days
1,215
S-3 line 14, col 8
Beds in use, on an average day
3.3
days ÷ days in year
Occupancy
8.8%
days ÷ bed days
Medicare share of days
46.3%
S-3 cols 6 ÷ 8

Who owns it

  • MERCY/USP HEALTH VENTURES LLC52%
  • SSC PHYSICIAN INVESTORS, LLC48%

Indirect owners: HCN SURGERY CENTER HOLDINGS INC; HOUSTON NORTHWEST PARTNERS LTD; TENET HEALTHCARE CORPORATION; UNITED SURGICAL PARTNERS HOLDINGS INC; UNITED SURGICAL PARTNERS INTERNATIONAL INC; USP DOMESTIC HOLDINGS INC; USP SIOUXLAND INC; USPI GROUP HOLDINGS INC; USPI HOLDING COMPANY INC; USPI HOLDINGS INC; VHS SAN ANTONIO PARTNERS LLC

Related organizations on its own cost report: MERCY/USP, healthcare; SSC PHYSICIANS, physicians.

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, partnership.

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 430089. 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.