Hospital · Short-term acute hospital
Who owns Ascension Sacred Heart Bay?
615 N Bonita Ave · Panama City, FL · 32401
Overview
Beds149
Discharges9,492cost report 2025
Occupancy83%inpatient days ÷ bed days
Employees (FTE)768
Ascension Sacred Heart Bay is a short-term acute hospital in Panama City, Florida, operated by Ascension. Bay County has 5 hospitals, 5 nursing homes and 10 urgent care centers.
Ownership
Ascension Sacred Heart Bay is operated by Ascension.
- Operator
- Ascension
- Owner group
- Ascension
- Ownership type
- Private Nonprofit
- Sources
- irs_schedule_h · 202506
- Company website · 2026-10-25
Ownership history
Every dated change of operator and owner for Ascension Sacred Heart Bay, with the source for each.
Full ownership tree of Ascension
Every entity between this facility and its ultimate owner, with ownership percentages and dates.
Finances
From the hospital's Medicare cost report, fiscal year ending 2025.
| Net patient revenue | $241.8M |
| Operating expenses | $248.2M |
| Net income | −$4.6M |
| Net income as a share of net patient revenue | -1.9% |
| Uncompensated care cost | $23.3M |
| Charity care cost | $19.1M |
| Medicaid net revenue | $7.8M |
| Medicare disproportionate share percentage | 5.0% |
Payer mix by inpatient days (2025)
- Commercial and other 67.2%
- Medicare 30.4%
- Medicaid 2.5%
Services
Top inpatient services, Medicare (2024)
| Service | Discharges | Average total payment |
|---|---|---|
| Septicemia or severe sepsis without MV >96 hours with MCC · 871 | 267 | $15K |
| Heart failure and shock with MCC · 291 | 162 | $10K |
| Simple pneumonia and pleurisy with MCC · 193 | 69 | $10K |
| Acute myocardial infarction, discharged alive with MCC · 280 | 55 | $12K |
| Hip and femur procedures except major joint with CC · 481 | 53 | $15K |
Top outpatient services, Medicare (2024)
| Service | Services |
|---|---|
| Level 1 Endovascular Procedures · 5191 | 352 |
| Comprehensive Observation Services · 8011 | 223 |
| Level 3 Electrophysiologic Procedures · 5213 | 142 |
| Level 3 Endovascular Procedures · 5193 | 106 |
| Level 2 Excision/ Biopsy/ Incision and Drainage · 5072 | 96 |
Medicare fee-for-service only. Small counts are suppressed by CMS.
Location and market
- Address
- 615 N Bonita Ave · Panama City, FL · 32401
- County
- Bay County
- State
- Florida
Hospitals in the county5
Nursing homes5
Urgent care centers10
Nearby hospitals
| Name | City | Distance |
|---|---|---|
| Select Specialty Hospital - Panama City | Panama City | 0.0 mi |
| Emerald Coast Behavioral Hospital | Panama City | 1.8 mi |
| Encompass Health Rehabilitation Hospital Of Panama | Panama City | 2.0 mi |
| Hca Florida Gulf Coast Hospital | Panama City | 2.4 mi |
Sources and identifiers
- Operator: irs_schedule_h · Company website
- Finances and payer mix: CMS hospital cost reports (HCRIS), fiscal year 2025
- Services: CMS Medicare inpatient and outpatient utilization
- Ownership type and beds: CMS Provider of Services file
- Location: CMS and Census Bureau geography
- CMS certification number
- 100026
- NPI
- 1720078041
- Last confirmed
- 2026-10-23
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