Velarion Records

Short-term acute care hospital · Chicago, Illinois · 930 beds · CMS certification number 140281

Northwestern Memorial Hospital

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended August 31, 2025, as submitted, stamped by CMS September 28, 2026. 29 years on file, every one shown below. Also on the 340B covered-entity register.

Fiscal 2025 at a glance

Net patient revenue
$2.8B
$2,815,366,982 · G-3 line 3
Operating expenses
$3.4B
$3,373,846,514 · G-3 line 4
Result from patient care
−$558.5M
−$558,479,532 · G-3 line 5
Margin on patient care
−19.8%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue rose from $414.8M in its first year on file (1997) to $2.8B in 2025.
  • Its result from patient care: −$437.5M (2023), −$411.9M (2024), −$558.5M (2025).
  • 4 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 4.6% of its inpatient days and Medicare for 20.8%.

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
reopened
$414.8M
$389.8M
1998
reopened
$431.5M
$421.7M
1999
reopened
$448.1M
$465.7M
2000
reopened
$535.2M
$537.4M
2001
reopened
$626.2M
$654.0M
2002
reopened
$687.8M
$707.9M
2003
reopened
$752.2M
$768.7M
2004
reopened
$829.2M
$829.4M
2005
reopened
$946.8M
$953.5M
2006
reopened
$981.2M
$969.1M
2007
reopened
$1.0B
$1.1B
2008
reopened
$1.1B
$1.2B
2009
reopened
$1.2B
$1.2B
2010
reopened
$1.2B
$1.3B
2011
reopened
$1.3B
$1.3B
2012
reopened
$1.2B
$1.3B
2013
reopened
$1.3B
$1.3B
2014
settled with audit
$1.3B
$1.4B
2015
reopened
$1.3B
$1.4B
2016
reopened
$1.5B
$1.5B
2017
reopened
$1.5B
$1.7B
2018
reopened
$1.7B
$1.9B
2019
reopened
$1.8B
$2.1B
2020
reopened
$1.8B
$2.2B
2021
reopened
$2.2B
$2.4B
2022
settled
$2.2B
$2.6B
2023
amended
$2.4B
$2.8B
2024
as submitted
$2.6B
$3.0B
2025
as submitted
$2.8B
$3.4B

Beside its peers

Short-term acute care hospitals in Illinois with 400 and over beds, each on fiscal year 2025.

HospitalBedsNet patient revenueOperating expensesMargin
Northwestern Memorial Hospital930$2,815,366,982$3,373,846,514−19.8%
Advocate Christ Medical Center, Oak Lawn727$1,230,493,686$1,648,761,732−34.0%
Endeavor Health Clinical Operations, Evanston691$1,723,045,261$2,043,870,814−18.6%
Rush University Medical Center, Chicago608$2,378,971,283$2,504,418,887−5.3%
Saint Francis Medical Center, Peoria642$1,781,684,185$1,506,944,82515.4%
Comer Childrens Hospital, Chicago737$2,814,616,480$3,366,935,583−19.6%

Patients and payers

Discharges
59,224
S-3 line 14, col 15
Inpatient days
312,374
S-3 line 14, col 8
Beds in use, on an average day
858.2
days ÷ days in year
Occupancy
92.1%
days ÷ bed days
Medicare share of days
20.8%
S-3 cols 6 ÷ 8
Medicaid share of days
4.6%
S-3 cols 7 ÷ 8

Who owns it

Related organizations on its own cost report: NM HEALTHCARE (100%), health care; NM LAKE FOREST (100%), health care; NM FOUNDATION (100%), health care; NM MEDICAL GROUP (100%), health care; NM MARIANJOY (100%), healthcare.

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 Illinois

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 140281. 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 September 28, 2026.