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Short-term acute care hospital · Covington, Washington · 48 beds · CMS certification number 500154

Multicare Covington Medical Center

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended December 31, 2025, as submitted, stamped by CMS June 22, 2026. Eight years on file, every one shown below. Also on the 340B covered-entity register.

Fiscal 2025 at a glance

Net patient revenue
$136.2M
$136,187,397 · G-3 line 3
Operating expenses
$114.3M
$114,317,799 · G-3 line 4
Result from patient care
$21.9M
$21,869,598 · G-3 line 5
Margin on patient care
16.1%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue rose from $42.7M in its first year on file (2018) to $136.2M in 2025.
  • Its result from patient care: −$3.1M (2023), $3.8M (2024), $21.9M (2025).
  • 1 of the 5 short-term acute care hospital peers below with a margin on file also reports a gain on patient care for fiscal year 2025.
  • Medicaid paid for 2.3% of its inpatient days and Medicare for 23.1%.

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

Eight years of filings

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

Net patient revenueOperating expenses
2018
settled
$42.7M
$40.4M
2019
reopened
$83.1M
$64.4M
2020
settled
$76.8M
$74.6M
2021
settled
$90.2M
$84.8M
2022
settled
$97.2M
$99.3M
2023
settled
$93.4M
$96.4M
2024
as submitted
$114.9M
$111.1M
2025
as submitted
$136.2M
$114.3M

Beside its peers

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

HospitalBedsNet patient revenueOperating expensesMargin
Multicare Covington Medical Center48$136,187,397$114,317,79916.1%
Cascade Valley Hospital, Arlington48$120,769,840$76,538,18436.6%
Grays Harbor Community Hospital, Aberdeen49$114,236,804$121,992,932−6.8%
Island Hospital, Anacortes43$105,577,226$127,444,003−20.7%
Samaritan Hospital, Moses Lake47$178,889,635$195,496,501−9.3%
Astria Toppenish Hospital, Toppenish32$54,760,738$65,710,991−20.0%

Patients and payers

Discharges
3,130
S-3 line 14, col 15
Inpatient days
11,937
S-3 line 14, col 8
Beds in use, on an average day
32.8
days ÷ days in year
Occupancy
68.1%
days ÷ bed days
Medicare share of days
23.1%
S-3 cols 6 ÷ 8
Medicaid share of days
2.3%
S-3 cols 7 ÷ 8

Who owns it

Indirect owner: MULTICARE HEALTH SYSTEM

Related organizations on its own cost report: MHS (100%).

Other hospitals with the same owner: Multicare Auburn Medical Center (WA), Yakima Valley Memorial (WA), Multicare Deaconess Hospital (WA), Overlake Medical Center & Clinics (WA), Multicare Good Samaritan Hospital (WA), Multicare Valley Hospital (WA), Tacoma General/Allenmore Hospital (WA), Multicare Capital Medical Center (WA), Mary Bridge Children's Hospital (WA), West Seattle Psychiatric Hospital (WA), Wellfound Behavioral Health Hospital (WA).

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

Owners of 5% or more, from CMS’s hospital ownership file (Medicare enrollment, October 1, 2026).

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Figures: CMS Healthcare Cost Report Information System, file HOSP10FY2025.ZIP, form CMS-2552-10, filed under CMS certification number 500154. 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 22, 2026.