Critical access hospital · Cortez, Colorado · 20 beds · CMS certification number 061327
Southwest Memorial Hospital
Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended December 31, 2025, as submitted, stamped by CMS May 6, 2026. Eighteen 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 $14.6M in its first year on file (2008) to $72.9M in 2025.
- Its result from patient care: −$2.7M (2023), $959K (2024), −$7.6M (2025).
- 4 of the 5 critical access hospital peers below with a margin on file also report a loss on patient care for fiscal year 2025.
- Medicaid paid for 21.7% of its inpatient days and Medicare for 34.2%.
Every statement is drawn from figures on this page; nothing is estimated.
Eighteen years of filings
Net patient revenue against operating expenses, each year as filed.
settled
settled with audit
settled
reopened
reopened
reopened
settled
settled with audit
settled with audit
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settled with audit
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amended
as submitted
Beside its peers
Critical access hospitals in Colorado with under 25 beds, each on fiscal year 2025.
| Hospital | Beds | Net patient revenue | Operating expenses | Margin |
|---|---|---|---|---|
| Southwest Memorial Hospital | 20 | $72,906,102 | $80,467,272 | −10.4% |
| Arkansas Valley Regional Medical Center, La Junta | 20 | $41,712,893 | $46,517,346 | −11.5% |
| Uchealth, Estes Park | 23 | $56,841,975 | $60,818,464 | −7.0% |
| Gunnison Valley Hospital, Gunnison | 20 | $96,737,166 | $96,962,912 | −0.2% |
| Prowers Medical Center, Lamar | 20 | $50,853,829 | $50,494,715 | 0.7% |
| Spanish Peaks Regional Health Center, Walsenburg | 20 | $35,825,218 | $42,827,175 | −19.5% |
Patients and payers
- Discharges
- 856S-3 line 14, col 15
- Inpatient days
- 4,010S-3 line 14, col 8
- Beds in use, on an average day
- 11.0days ÷ days in year
- Occupancy
- 54.9%days ÷ bed days
- Medicare share of days
- 34.2%S-3 cols 6 ÷ 8
- Medicaid share of days
- 21.7%S-3 cols 7 ÷ 8
Who owns it
Indirect owner: SOUTHWEST HEALTH SYSTEM INC
Type of control on its cost report: governmental, hospital district.
Owners of 5% or more, from CMS’s hospital ownership file (Medicare enrollment, October 1, 2026).
Community benefit, as filed
From IRS Form 990 Schedule H, Part I, filed by SOUTHWEST HEALTH SYSTEM INC (employer identification number 841337350) for tax year 2023. The return lists this hospital as its one hospital facility.
| Figure | As filed | Where it comes from |
|---|---|---|
| Total community benefit expense (line 7k) | $2,537,379 | IRS Form 990 Schedule H, Part I, <TotalCommunityBenefitsGrp><NetCommunityBenefitExpnsAmt> |
| Financial assistance at cost (line 7a) | $2,481,006 | IRS Form 990 Schedule H, Part I, <FinancialAssistanceAtCostTyp><NetCommunityBenefitExpnsAmt> |
| Medicaid (line 7b) | $0 | IRS Form 990 Schedule H, Part I, <UnreimbursedMedicaidGrp><NetCommunityBenefitExpnsAmt> |
| Financial assistance and means-tested government programs (line 7d) | $2,481,006 | IRS Form 990 Schedule H, Part I, <TotalFinancialAssistanceTyp><NetCommunityBenefitExpnsAmt> |
| Other benefits (line 7j) | $56,373 | IRS Form 990 Schedule H, Part I, <TotalOtherBenefitsGrp><NetCommunityBenefitExpnsAmt> |
| Total, fraction of total expense (line 7k, column f) | 0.0321 | IRS Form 990 Schedule H, Part I, <TotalCommunityBenefitsGrp><TotalExpensePct> |
E-file object id 202433179349300548. The IRS archive it was read from.
Executive and director compensation, as filed
From IRS Form 990 Part VII, Section A, filed by SOUTHWEST HEALTH SYSTEM INC (employer identification number 841337350) for tax year 2023. 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 |
|---|---|---|---|---|---|
| BRADEN JONES | CLINIC PHYSICIAN | Highest-compensated employee | $1,086,281 | $0 | $55,435 |
| CHARLES KRUPA | CIO | Officer | $194,022 | $0 | $34,954 |
| DAN VALVERDE | BOARD MEMBER | Trustee/director | $0 | $0 | $0 |
| ERIN SCHMITT | CLINIC PHYSICIAN | Highest-compensated employee | $444,729 | $0 | $67,695 |
| JEANIE GENTRY | CEO (END 02/23) | Officer | $0 | $0 | $0 |
| JOEL BAGLEY | CLINIC PHYSICIAN | Highest-compensated employee | $441,123 | $0 | $65,055 |
| JOSEPH THEINE | CEO (BEG 07/23) | Officer | $0 | $0 | $0 |
| JULIE LEONARD | CFO (END 05/23) | Officer | $0 | $0 | $0 |
| KENTON ASCHE | HOSPITAL PHYSICIAN | Highest-compensated employee | $413,231 | $0 | $58,773 |
| KEVIN MATTESON MD | CHIEF OF STAFF | Officer | $516,833 | $0 | $60,944 |
| LISA GATES | CNO | Officer | $0 | $0 | $0 |
| RANDY DAVIDSON | HOSPITAL PHYSICIAN | Highest-compensated employee | $429,016 | $0 | $53,253 |
| SEAN KILLOY | SECRETARY/TREASURER | Trustee/director, Officer | $0 | $0 | $0 |
| SHELLE DIEHM | INTERIM CFO (BEG 05/23) | Officer | $0 | $0 | $0 |
| SHIRLEY JONES | CHAIR | Trustee/director, Officer | $0 | $0 | $0 |
| SUSAN HODGDON | VICE-CHAIR | Trustee/director, Officer | $0 | $0 | $0 |
| TRAVIS PARKER | CHIEF HR OFFICER | Key employee | $153,520 | $0 | $32,561 |
E-file object id 202433179349300548. 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 061327. 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 May 6, 2026.