Velarion Records

Short-term acute care hospital · Sheboygan, Wisconsin · 47 beds · CMS certification number 520044

St. Nicholas Hospital

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended June 30, 2025, as submitted, stamped by CMS September 28, 2026. 29 years on file, every one shown below.

Fiscal 2025 at a glance

Net patient revenue
$114.3M
$114,340,793 · G-3 line 3
Operating expenses
$121.1M
$121,089,662 · G-3 line 4
Result from patient care
−$6.7M
−$6,748,869 · G-3 line 5
Margin on patient care
−5.9%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue rose from $33.2M in its first year on file (1997) to $114.3M in 2025.
  • Its result from patient care: −$9.2M (2023), −$10.4M (2024), −$6.7M (2025).
  • 3 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 6.2% of its inpatient days and Medicare for 23.7%.

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
$33.2M
$30.6M
1998
reopened
$33.8M
$32.2M
1999
settled
$33.4M
$32.6M
2000
settled
$35.1M
$34.3M
2001
reopened
$38.1M
$36.9M
2002
reopened
$40.0M
$40.1M
2003
settled
$43.6M
$43.9M
2004
reopened
$47.4M
$48.1M
2005
settled
$59.2M
$54.9M
2006
settled
$63.5M
$59.8M
2007
reopened
$59.5M
$59.6M
2008
settled
$64.7M
$62.2M
2009
settled
$59.2M
$67.4M
2010
settled
$64.2M
$71.7M
2011
reopened
$64.6M
$75.2M
2012
reopened
$59.7M
$66.5M
2013
reopened
$64.7M
$66.7M
2014
reopened
$70.9M
$73.4M
2015
reopened
$76.1M
$72.6M
2016
settled
$81.6M
$84.8M
2017
settled
$110.2M
$106.0M
2018
settled
$111.1M
$106.5M
2019
settled
$118.6M
$121.5M
2020
settled
$108.6M
$115.3M
2021
settled
$111.4M
$115.1M
2022
settled
$116.2M
$122.9M
2023
settled
$114.7M
$123.9M
2024
settled
$113.6M
$124.0M
2025
as submitted
$114.3M
$121.1M

Beside its peers

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

HospitalBedsNet patient revenueOperating expensesMargin
St. Nicholas Hospital47$114,340,793$121,089,662−5.9%
Aspirus Rhinelander Hospital, Rhinelander42$245,381,098$324,541,166−32.3%
Marshfield Medical Center - Beaver Dam, Beaver Dam43$89,867,812$107,886,770−20.1%
Fort Healthcare, Fort Atkinson49$145,360,071$159,521,334−9.7%
Aurora Medical Center Burlington, Burlington43$139,660,338$115,033,07617.6%
SSM Health St. Clare Hospital Baraboo, Baraboo43$85,293,004$65,150,24823.6%

Patients and payers

Discharges
1,500
S-3 line 14, col 15
Inpatient days
5,202
S-3 line 14, col 8
Beds in use, on an average day
14.3
days ÷ days in year
Occupancy
30.3%
days ÷ bed days
Medicare share of days
23.7%
S-3 cols 6 ÷ 8
Medicaid share of days
6.2%
S-3 cols 7 ÷ 8

Who owns it

Related organizations on its own cost report: SHEB AMBULANCE (50%), ambulance servi.

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

Follow this hospital, free

We send this record now and tell you when it files again.

More short-term acute care hospitals in Wisconsin

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 520044. 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.