Velarion Records

Critical access hospital · Geneseo, Illinois · 23 beds · CMS certification number 141319

Ovation Healthcare

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended May 31, 2025, as submitted, stamped by CMS November 6, 2025. 23 years on file, every one shown below. Also on the 340B covered-entity register.

Fiscal 2025 at a glance

Net patient revenue
$58.6M
$58,573,076 · G-3 line 3
Operating expenses
$59.9M
$59,882,198 · G-3 line 4
Result from patient care
−$1.3M
−$1,309,122 · G-3 line 5
Margin on patient care
−2.2%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue rose from $15.5M in its first year on file (2003) to $58.6M in 2025.
  • Its result from patient care: $1.5M (2023), $567K (2024), −$1.3M (2025).
  • 2 of the 5 critical access hospital peers below with a margin on file also report a loss on patient care for fiscal year 2025.
  • Medicaid paid for 0.4% of its inpatient days and Medicare for 48.9%.

Every statement is drawn from figures on this page; nothing is estimated.

23 years of filings

Net patient revenue against operating expenses, each year as filed.

Net patient revenueOperating expenses
2003
settled
$15.5M
$16.4M
2004
settled
$16.9M
$18.1M
2005
settled
$17.7M
$19.2M
2006
settled
$20.6M
$22.4M
2007
settled
$22.8M
$23.1M
2008
settled
$25.6M
$26.0M
2009
settled with audit
$26.6M
$26.4M
2010
reopened
$27.3M
$28.0M
2011
settled
$28.6M
$29.6M
2012
settled with audit
$31.9M
$31.0M
2013
settled
$31.9M
$33.9M
2014
settled
$34.5M
$33.5M
2015
settled
$36.2M
$34.7M
2016
settled
$36.2M
$39.5M
2017
settled
$37.7M
$38.3M
2018
settled
$43.5M
$43.9M
2019
settled with audit
$47.7M
$46.7M
2020
settled
$47.2M
$48.7M
2021
settled
$57.4M
$55.3M
2022
settled
$57.3M
$54.9M
2023
settled
$54.5M
$53.0M
2024
as submitted
$56.5M
$55.9M
2025
as submitted
$58.6M
$59.9M

Beside its peers

Critical access hospitals in Illinois with under 25 beds, each on fiscal year 2025.

HospitalBedsNet patient revenueOperating expensesMargin
Ovation Healthcare23$58,573,076$59,882,198−2.2%
Mercyone Genesis, Aledo22$17,812,610$19,252,440−8.1%
Carle Hoopeston Regional Health Center, Hoopseton22$77,581,443$85,674,711−10.4%
Sarah D. Culbertson Memorial Hospital, Rushville22$31,858,573$29,947,8026.0%
Northwestern Medicine Valley West Hospital, Sandwich21$68,952,758$50,883,75526.2%
Washington County Hospital District, Nashville22$18,473,690$17,188,5057.0%

Patients and payers

Discharges
332
S-3 line 14, col 15
Inpatient days
2,062
S-3 line 14, col 8
Beds in use, on an average day
5.7
days ÷ days in year
Occupancy
24.6%
days ÷ bed days
Medicare share of days
48.9%
S-3 cols 6 ÷ 8
Medicaid share of days
0.4%
S-3 cols 7 ÷ 8

Who owns it

Type of control on its cost report: governmental, hospital district.

Follow this hospital, free

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More critical access hospitals in Illinois

Figures: CMS Healthcare Cost Report Information System, file HOSP10FY2024.ZIP, form CMS-2552-10, filed under CMS certification number 141319. 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 November 6, 2025.