Velarion Records

Short-term acute care hospital · Olympia, Washington · 85 beds · CMS certification number 500139

Multicare Capital Medical Center

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended December 31, 2025, as submitted, stamped by CMS June 8, 2026. 29 years on file, every one shown below. Also on the 340B covered-entity register.

Fiscal 2025 at a glance

Net patient revenue
$222.1M
$222,060,069 · G-3 line 3
Operating expenses
$227.3M
$227,267,266 · G-3 line 4
Result from patient care
−$5.2M
−$5,207,197 · G-3 line 5
Margin on patient care
−2.3%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue rose from $40.5M in its first year on file (1997) to $222.1M in 2025.
  • Its result from patient care: −$24.7M (2023), −$12.5M (2024), −$5.2M (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 9.3% of its inpatient days and Medicare for 29.8%.
  • MULTICARE HEALTH SYSTEM holds 100% of it, on its Medicare enrollment.

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
settled with audit
$40.5M
$37.6M
1998
settled
$51.8M
$48.5M
1999
as submitted
$46.8M
$46.9M
2000
as submitted
$48.7M
$48.9M
2001
as submitted
$50.8M
$52.7M
2002
settled
$55.0M
$56.4M
2003
settled
$61.1M
$58.2M
2004
settled
$65.7M
$63.6M
2005
reopened
$58.9M
$61.5M
2006
settled
$59.6M
$61.6M
2007
reopened
$62.7M
$63.9M
2008
settled
$67.1M
$67.3M
2009
reopened
$73.3M
$70.7M
2010
reopened
$85.1M
$80.7M
2011
reopened
$91.8M
$85.5M
2012
reopened
$96.0M
$89.7M
2013
reopened
$97.2M
$92.8M
2014
reopened
$108.2M
$98.6M
2015
reopened
$114.2M
$102.9M
2016
settled
$119.3M
$109.3M
2017
settled
$117.9M
$113.6M
2018
settled
$122.0M
$125.3M
2019
settled
$128.8M
$132.3M
2020
settled
$121.7M
$131.3M
2021
settled
$93.4M
$116.8M
2022
settled
$123.5M
$150.8M
2023
settled
$135.5M
$160.2M
2024
as submitted
$198.5M
$211.0M
2025
as submitted
$222.1M
$227.3M

Beside its peers

Hospitals of the same type (short-term acute care hospital), nearest in size, from Washington first; each on fiscal year 2025.

HospitalBedsNet patient revenueOperating expensesMargin
Multicare Capital Medical Center85$222,060,069$227,267,266−2.3%
Grays Harbor Community Hospital, Aberdeen49$114,236,804$121,992,932−6.8%
Multicare Auburn Medical Center, Auburn91$262,168,165$282,364,775−7.7%
Olympic Medical Center, Port Angeles78$280,767,558$314,792,393−12.1%
Providence St. Mary Medical Center, Walla Walla86$272,811,379$272,196,2970.2%
St. Clare Hospital, Lakewood106$192,895,950$191,891,6860.5%

Patients and payers

Discharges
4,883
S-3 line 14, col 15
Inpatient days
17,449
S-3 line 14, col 8
Beds in use, on an average day
47.9
days ÷ days in year
Occupancy
56.2%
days ÷ bed days
Medicare share of days
29.8%
S-3 cols 6 ÷ 8
Medicaid share of days
9.3%
S-3 cols 7 ÷ 8

Who owns it

  • MULTICARE HEALTH SYSTEM100%

Related organizations on its own cost report: LIFEPOINTHEALTH, hospital mgmt.

Other hospitals with the same owner: Mary Bridge Children's Hospital (WA), Wellfound Behavioral Health Hospital (WA), West Seattle Psychiatric Hospital (WA), Tacoma General/Allenmore Hospital (WA), Multicare Good Samaritan Hospital (WA), Overlake Medical Center & Clinics (WA), Multicare Deaconess Hospital (WA), Yakima Valley Memorial (WA), Multicare Valley Hospital (WA), Multicare Auburn Medical Center (WA), Multicare Covington Medical Center (WA).

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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More short-term acute care hospitals in Washington

Figures: CMS Healthcare Cost Report Information System, file HOSP10FY2025.ZIP, form CMS-2552-10, filed under CMS certification number 500139. 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 8, 2026.