Children's hospital · Boston, Massachusetts · 473 beds · CMS certification number 223302
Boston Childrens Hospital
Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended September 30, 2025, as submitted, stamped by CMS February 26, 2026. 30 years on file, every one shown below. Also on the 340B covered-entity register.
Fiscal 2025 at a glance
What stands out
- Net patient revenue rose from $240.0M in its first year on file (1996) to $2.3B in 2025.
- Its result from patient care: −$549.3M (2023), −$558.8M (2024), −$530.6M (2025).
- 2 of the 5 children's hospital peers below with a margin on file also report a loss on patient care for fiscal year 2025.
- Medicaid paid for 50.2% of its inpatient days and Medicare for 0.6%.
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.
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Beside its peers
Hospitals of the same type (children's hospital), nearest in size, from Massachusetts first; each on fiscal year 2025.
| Hospital | Beds | Net patient revenue | Operating expenses | Margin |
|---|---|---|---|---|
| Boston Childrens Hospital | 473 | $2,321,231,420 | $2,851,848,579 | −22.9% |
| Children's Hospital Colorado, Aurora (CO) | 486 | $1,812,066,823 | $1,876,657,094 | −3.6% |
| Cook Children's Medical Center, Fort Worth (TX) | 452 | $2,088,394,363 | $1,746,063,314 | 16.4% |
| Franciscan Children's, Brighton | 112 | $79,080,180 | $101,426,000 | −28.3% |
| Phoenix Children's Hospital, Phoenix (AZ) | 498 | $1,718,255,976 | $1,680,293,608 | 2.2% |
| St. Louis Childrens Hospital, St. Louis (MO) | 467 | $1,050,594,948 | $916,259,647 | 12.8% |
Patients and payers
- Discharges
- 15,187S-3 line 14, col 15
- Inpatient days
- 138,125S-3 line 14, col 8
- Beds in use, on an average day
- 379.5days ÷ days in year
- Occupancy
- 80.0%days ÷ bed days
- Medicare share of days
- 0.6%S-3 cols 6 ÷ 8
- Medicaid share of days
- 50.2%S-3 cols 7 ÷ 8
Who owns it
Type of control on its cost report: voluntary nonprofit, other.
Community benefit, as filed
From IRS Form 990 Schedule H, Part I, filed by Children's Hospital Corporation (employer identification number 042774441) for tax year 2022. The return lists this hospital as its one hospital facility.
| Figure | As filed | Where it comes from |
|---|---|---|
| Total community benefit expense (line 7k) | $423,323,873 | IRS Form 990 Schedule H, Part I, <TotalCommunityBenefitsGrp><NetCommunityBenefitExpnsAmt> |
| Financial assistance at cost (line 7a) | $17,153,580 | IRS Form 990 Schedule H, Part I, <FinancialAssistanceAtCostTyp><NetCommunityBenefitExpnsAmt> |
| Medicaid (line 7b) | $280,481,056 | IRS Form 990 Schedule H, Part I, <UnreimbursedMedicaidGrp><NetCommunityBenefitExpnsAmt> |
| Financial assistance and means-tested government programs (line 7d) | $297,634,636 | IRS Form 990 Schedule H, Part I, <TotalFinancialAssistanceTyp><NetCommunityBenefitExpnsAmt> |
| Other benefits (line 7j) | $125,689,237 | IRS Form 990 Schedule H, Part I, <TotalOtherBenefitsGrp><NetCommunityBenefitExpnsAmt> |
| Total, fraction of total expense (line 7k, column f) | 0.1495 | IRS Form 990 Schedule H, Part I, <TotalCommunityBenefitsGrp><TotalExpensePct> |
E-file object id 202422289349303527. The IRS archive it was read from.
Executive and director compensation, as filed
From IRS Form 990 Part VII, Section A, filed by Children's Hospital Corporation (employer identification number 042774441) for tax year 2022. The return lists this hospital as its one hospital facility.
| Name | Title | Role | Reportable comp, from this organization | Reportable comp, from related organizations | Other compensation |
|---|---|---|---|---|---|
| Alison Svizzero | Director, Investments | Highest-compensated employee | $857,945 | $0 | $23,418 |
| Alison Taunton-Rigby PhD | Director | Trustee/director | $0 | $0 | $0 |
| Allan Bufferd | Director | Trustee/director | $0 | $0 | $0 |
| August Cervini | SVP, Research Administration | Key employee | $541,091 | $0 | $46,172 |
| Bruce Balter | Asst Treasurer/Dir Corp Fin Svcs | Officer | $308,881 | $0 | $50,814 |
| Christine Grenache | Asst Sec/Exec Manager | Officer | $153,097 | $0 | $17,051 |
| Cynthia Haines | SVP, National & International | Highest-compensated employee | $824,277 | $0 | $52,214 |
| Daniel Nigrin MD | Former SVP & CIO | Former | $372,174 | $0 | $0 |
| Demosthenes Argys | EVP, Chief Administrative Officer | Key employee | $1,066,845 | $0 | $48,780 |
| Doug Vanderslice | EVP, CFO & Treasurer | Officer | $1,981,768 | $0 | $75,202 |
| Douglas Berthiaume | Director - Chairman | Trustee/director | $0 | $0 | $0 |
| Gary Loveman MD | Director | Trustee/director | $0 | $0 | $0 |
| Harvey Lodish PhD | Director | Trustee/director | $0 | $0 | $0 |
| Heather Nelson | SVP, Chief Information Officer | Key employee | $836,528 | $0 | $45,726 |
| Ivor Horn MD | Director | Trustee/director | $0 | $0 | $0 |
| Joseph Mitchell | EVP & President, Franciscan's | Key employee | $0 | $917,580 | $21,500 |
| Kathleen Regan | Director | Trustee/director | $0 | $0 | $0 |
| Kevin Churchwell MD | President & CEO | Trustee/director, Officer | $3,239,502 | $0 | $125,802 |
| Laura J Wood DNP MS RN | EVP, Chief Nursing Officer | Key employee | $979,803 | $0 | $67,559 |
| Lisa Hogarty | SVP, RE Planning and Develop | Key employee | $769,371 | $0 | $49,075 |
| Lisa Wieland | Director | Trustee/director | $0 | $0 | $0 |
| Lynn Susman | EVP, Chief Development Officer | Key employee | $841,364 | $0 | $60,504 |
| Marc B Wolpow | Director (thru 1/30/23) | Trustee/director | $0 | $0 | $0 |
| Martin Kelly | Director, Investments | Highest-compensated employee | $901,441 | $0 | $44,483 |
| Michael Gillespie | SVP, Clinical Services | Key employee | $635,382 | $0 | $48,689 |
| Michele Garvin Esq | EVP, General Counsel & Secretary | Officer | $1,698,464 | $0 | $45,408 |
| Nader Rifai PhD | Director, Lab Medicine | Highest-compensated employee | $703,171 | $0 | $47,979 |
| Nancy Andrews | EVP, Chief Scientific Officer | Key employee | $1,844,614 | $0 | $68,056 |
| Nirav Desai | Director, Investments | Highest-compensated employee | $832,477 | $0 | $41,173 |
| Patricia Hickey PhD MBA RN NEA-BC | SVP, Nursing/Patient Care | Key employee | $712,979 | $0 | $44,687 |
| Peter Laussen MD | EVP, Health Affairs | Key employee | $1,328,408 | $0 | $71,939 |
| Philip Rotner | Chief Investment Officer | Key employee | $1,872,096 | $0 | $63,954 |
| Ralph C Martin | Director | Trustee/director | $0 | $0 | $0 |
| Robert A Smith | Director - Vice Chair | Trustee/director | $0 | $0 | $0 |
| Robert Langer ScD | Director | Trustee/director | $0 | $0 | $0 |
| Sandra Fenwick | Former President & CEO | Former | $958,796 | $0 | $0 |
| Stephen Karp | Director | Trustee/director | $0 | $0 | $0 |
| Steven Krichmar | Director | Trustee/director | $0 | $0 | $0 |
| Steven Luber | SVP, Finance | Key employee | $588,349 | $0 | $10,437 |
| Ted Pappendick | Director | Trustee/director | $0 | $0 | $0 |
| Thomas Melendez | Director | Trustee/director | $0 | $0 | $0 |
| Vivian Lee MD | Director | Trustee/director | $0 | $0 | $0 |
| Winston Henderson | Director | Trustee/director | $0 | $0 | $0 |
E-file object id 202422289349303527. The IRS archive it was read from.
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Figures: CMS Healthcare Cost Report Information System, file HOSP10FY2025.ZIP, form CMS-2552-10, filed under CMS certification number 223302. Patients and payers: worksheet S-3 Part I of the same filing.
How this page was built: the CMS Medicare cost report, file HOSP10FY2025.ZIP, read February 26, 2026.