Velarion Records

Short-term acute care hospital · Mishawaka, Indiana · 29 beds · CMS certification number 150177

Unity Physicians Hospital

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended December 31, 2025, as submitted, stamped by CMS June 12, 2026. Sixteen years on file, every one shown below.

Enrolled with Medicare by United Surgeons.

Fiscal 2025 at a glance

Net patient revenue
$116.4M
$116,387,161 · G-3 line 3
Operating expenses
$114.3M
$114,322,907 · G-3 line 4
Result from patient care
$2.1M
$2,064,254 · G-3 line 5
Margin on patient care
1.8%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue rose from $29.7M in its first year on file (2010) to $116.4M in 2025.
  • Its result from patient care: $1.8M (2023), −$11K (2024), $2.1M (2025).
  • 3 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 0.1% of its inpatient days and Medicare for 57.7%.
  • PHYSICIANS ASC MANAGEMENT LLC holds 88% of it, on its Medicare enrollment.

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

Sixteen years of filings

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

Net patient revenueOperating expenses
2010
settled
$29.7M
$24.6M
2011
reopened
$28.6M
$25.5M
2012
reopened
$33.0M
$33.0M
2013
reopened
$46.3M
$38.8M
2014
settled
$31.0M
$38.5M
2015
settled
$46.0M
$45.9M
2016
settled
$40.6M
$40.9M
2017
settled
$37.4M
$40.7M
2018
settled
$40.6M
$38.7M
2019
settled
$23.3M
$34.2M
2020
settled
$28.6M
$40.3M
2021
settled
$40.7M
$45.1M
2022
settled
$42.1M
$44.8M
2023
settled
$66.2M
$64.4M
2024
settled
$85.3M
$85.3M
2025
as submitted
$116.4M
$114.3M

Beside its peers

Short-term acute care hospitals in Indiana with 25 to 49 beds, each on fiscal year 2025.

HospitalBedsNet patient revenueOperating expensesMargin
Unity Physicians Hospital29$116,387,161$114,322,9071.8%
Parkview Noble Hospital, Kendallville31$82,941,576$73,298,03611.6%
Franciscan Health Crawfordsville, Crawfordsville29$60,665,563$60,430,2280.4%
Orthoindy Hospital, Indianapolis34$246,484,439$176,600,85528.3%
Monroe Hospital, Bloomington32$30,893,436$42,713,948−38.3%
Saint Joseph Regional Medical Center - Plymouth, Plymouth30$53,117,780$55,145,592−3.8%

Patients and payers

Discharges
328
S-3 line 14, col 15
Inpatient days
740
S-3 line 14, col 8
Beds in use, on an average day
2.0
days ÷ days in year
Occupancy
7.0%
days ÷ bed days
Medicare share of days
57.7%
S-3 cols 6 ÷ 8
Medicaid share of days
0.1%
S-3 cols 7 ÷ 8

Who owns it

  • PHYSICIANS ASC MANAGEMENT LLC88%

Related organizations on its own cost report: UNITY HEALTH TE (48%), revenue cycle; GRAHAM ALLEN (48%), revenue cycle; SOUTH BEND ORTH (48%), revenue cycle; SOUTH BEND ORTH (48%), physicial thera.

Type of control on its cost report: proprietary, 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 Indiana

Figures: CMS Healthcare Cost Report Information System, file HOSP10FY2025.ZIP, form CMS-2552-10, filed under CMS certification number 150177. 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 12, 2026.

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