Velarion Records

Short-term acute care hospital · Colorado Springs, Colorado · 526 beds · CMS certification number 060022

Memorial Health System

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended June 30, 2025, as submitted, stamped by CMS December 9, 2025. 30 years on file, every one shown below. Also on the 340B covered-entity register.

Fiscal 2025 at a glance

Net patient revenue
$1.3B
$1,261,144,730 · G-3 line 3
Operating expenses
$1.2B
$1,194,270,175 · G-3 line 4
Result from patient care
$66.9M
$66,874,555 · G-3 line 5
Margin on patient care
5.3%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue rose from $165.5M in its first year on file (1996) to $1.3B in 2025.
  • Its result from patient care: $39.2M (2023), $46.4M (2024), $66.9M (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.
  • Medicaid paid for 22.6% of its inpatient days and Medicare for 20.4%.

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
$165.5M
$155.2M
1997
reopened
$182.0M
$169.5M
1998
reopened
$197.2M
$190.4M
1999
reopened
$217.8M
$218.1M
2000
reopened
$237.9M
$235.7M
2001
reopened
$271.2M
$266.7M
2002
reopened
$298.9M
$302.5M
2003
reopened
$340.8M
$320.7M
2004
reopened
$352.8M
$341.4M
2005
reopened
$422.6M
$414.6M
2006
reopened
$451.7M
$469.8M
2007
reopened
$560.2M
$557.3M
2008
settled with audit
$592.6M
$635.9M
2009
reopened
$582.3M
$579.8M
2010
reopened
$597.9M
$579.0M
2011
reopened
$590.1M
$613.5M
2012
reopened
$457.2M
$468.2M
2013
reopened
$413.2M
$450.0M
2014
reopened
$554.7M
$606.6M
2015
settled
$612.1M
$596.7M
2016
reopened
$693.8M
$671.0M
2017
reopened
$781.4M
$754.4M
2018
reopened
$893.2M
$863.1M
2019
reopened
$918.4M
$772.4M
2020
settled
$820.6M
$793.2M
2021
settled
$928.3M
$843.3M
2022
settled
$1.0B
$975.8M
2023
settled
$1.1B
$1.1B
2024
settled
$1.2B
$1.1B
2025
as submitted
$1.3B
$1.2B

Beside its peers

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

HospitalBedsNet patient revenueOperating expensesMargin
Memorial Health System526$1,261,144,730$1,194,270,1755.3%
Denver Health Medical Center, Denver389$1,414,557,411$1,476,649,351−4.4%
Penrose Hospital, Colorado Springs484$781,454,512$841,732,354−7.7%
HCA Healthone Swedish Hospital, Englewood404$773,525,699$625,903,69719.1%
HCA Healthone Aurora Hospital, Aurora334$460,985,662$438,891,7334.8%
University of Colorado Hospital Anschutz Inpatient Pavilion, Aurora773$3,064,974,781$3,099,382,751−1.1%

Patients and payers

Discharges
28,928
S-3 line 14, col 15
Inpatient days
132,954
S-3 line 14, col 8
Beds in use, on an average day
365.3
days ÷ days in year
Occupancy
69.4%
days ÷ bed days
Medicare share of days
20.4%
S-3 cols 6 ÷ 8
Medicaid share of days
22.6%
S-3 cols 7 ÷ 8

Who owns it

Related organizations on its own cost report: UCHEALTH, home office; UCHEALTH SOUTH, home office; UCH MEDICAL GRP, physician group.

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

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Figures: CMS Healthcare Cost Report Information System, file HOSP10FY2024.ZIP, form CMS-2552-10, filed under CMS certification number 060022. 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 9, 2025.