Velarion Records

Short-term acute care hospital · Appleton, Wisconsin · 131 beds · CMS certification number 520160

Thedacare Regional Medical Center - Appleton

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended June 30, 2024, as submitted, stamped by CMS December 4, 2024. 30 years on file, every one shown below.

Fiscal 2024 at a glance

Net patient revenue
$236.6M
$236,551,150 · G-3 line 3
Operating expenses
$202.4M
$202,412,842 · G-3 line 4
Result from patient care
$34.1M
$34,138,308 · G-3 line 5
Margin on patient care
14.4%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue rose from $80.2M in its first year on file (1996) to $489.3M in 2025.
  • Its result from patient care: $55.0M (2023), $34.1M (2024), $61.9M (2025).
  • 4 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 2024.
  • Medicaid paid for 4.1% of its inpatient days and Medicare for 16.4%.

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
$80.2M
$73.6M
1997
reopened
$82.1M
$75.0M
1998
reopened
$83.1M
$59.1M
1999
settled
$91.1M
$67.4M
2000
settled
$91.1M
$71.7M
2001
reopened
$118.0M
$84.4M
2002
settled
$126.0M
$92.1M
2003
settled
$135.7M
$95.8M
2004
settled
$147.9M
$128.7M
2005
reopened
$114.5M
$135.9M
2006
reopened
$124.1M
$141.7M
2007
settled
$134.3M
$154.4M
2008
settled
$180.1M
$166.7M
2009
settled
$209.3M
$167.5M
2010
settled
$194.8M
$168.1M
2011
reopened
$162.3M
$195.8M
2012
reopened
$222.3M
$192.4M
2013
reopened
$227.4M
$195.6M
2014
settled
$245.2M
$203.4M
2015
reopened
$257.6M
$218.2M
2016
reopened
$267.0M
$227.9M
2017
settled
$264.3M
$230.8M
2018
settled
$312.2M
$254.7M
2019
settled with audit
$318.8M
$250.2M
2020
settled
$309.4M
$271.1M
2021
settled
$348.0M
$305.6M
2022
as submitted
$352.3M
$327.6M
2023
amended
$425.3M
$370.3M
2024
as submitted
$236.6M
$202.4M
2025
as submitted
$489.3M
$427.5M

Beside its peers

Short-term acute care hospitals in Wisconsin with 100 to 199 beds, each on fiscal year 2024.

HospitalBedsNet patient revenueOperating expensesMargin
Thedacare Regional Medical Center - Appleton131$236,551,150$202,412,84214.4%
Aurora Medical Center Grafton, Grafton132$359,087,840$278,193,48322.5%
Aurora Medical Center Kenosha, Kenosha133$391,782,093$296,262,35024.4%
Aurora Medical Center Sheboygan County, Sheboygan123$264,091,080$218,597,13317.2%
Froedtert Menomonee Falls Hospital, Menomonee Falls127$265,639,587$281,226,062−5.9%
Thedacare Regional Medical Center-Neenah, Neenah148$147,231,414$128,257,45312.9%

Patients and payers

Discharges
5,143
S-3 line 14, col 15
Inpatient days
16,400
S-3 line 14, col 8
Beds in use, on an average day
90.6
days ÷ days in year
Occupancy
68.8%
days ÷ bed days
Medicare share of days
16.4%
S-3 cols 6 ÷ 8
Medicaid share of days
4.1%
S-3 cols 7 ÷ 8

Who owns it

Related organizations on its own cost report: THEDACARE (100%).

Type of control on its cost report: voluntary nonprofit, other.

Follow this hospital, free

We send this record now and tell you when it files again.

More short-term acute care hospitals in Wisconsin

From the publisher of Velarion Records

Velarion Intel

Independent Decision-Grade Intelligence

Compensation and corporate governance intelligence for advisors, investors and companies. Executive and board pay for public companies, benchmarked against peers.

See what Intel shows

Figures: CMS Healthcare Cost Report Information System, file HOSP10FY2024.ZIP, form CMS-2552-10, filed under CMS certification number 520160. 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 December 4, 2024.