Velarion Records

Critical access hospital · Madison, Georgia · 25 beds · CMS certification number 111304

Morgan Medical Center

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended June 30, 2025, as submitted, stamped by CMS December 4, 2025. 26 years on file, every one shown below. Also on the 340B covered-entity register.

Fiscal 2025 at a glance

Net patient revenue
$38.1M
$38,118,066 · G-3 line 3
Operating expenses
$42.9M
$42,936,525 · G-3 line 4
Result from patient care
−$4.8M
−$4,818,459 · G-3 line 5
Margin on patient care
−12.6%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue rose from $3.7M in its first year on file (2000) to $38.1M in 2025.
  • Its result from patient care: −$1.2M (2023), −$515K (2024), −$4.8M (2025).
  • 2 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 0.1% of its inpatient days and Medicare for 38.7%.

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

26 years of filings

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

Net patient revenueOperating expenses
2000
settled
$3.7M
$4.2M
2001
settled
$7.2M
$8.3M
2002
settled
$8.1M
$9.0M
2003
settled
$9.9M
$10.1M
2004
settled
$8.4M
$8.9M
2005
settled
$10.0M
$10.2M
2006
settled
$9.8M
$10.3M
2007
settled
$9.6M
$11.0M
2008
settled
$11.3M
$11.7M
2009
settled
$11.9M
$12.8M
2010
reopened
$12.0M
$14.0M
2011
settled
$12.9M
$14.1M
2012
settled
$12.6M
$13.6M
2013
settled
$11.8M
$13.7M
2014
reopened
$12.6M
$13.8M
2015
reopened
$13.6M
$13.8M
2016
settled
$13.4M
$13.9M
2017
settled
$13.8M
$14.0M
2018
reopened
$14.9M
$16.8M
2019
settled
$16.6M
$19.3M
2020
settled
$21.1M
$23.4M
2021
settled
$22.3M
$26.7M
2022
settled
$24.6M
$30.5M
2023
settled with audit
$35.5M
$36.8M
2024
settled with audit
$38.4M
$38.9M
2025
as submitted
$38.1M
$42.9M

Beside its peers

Critical access hospitals in Georgia with 25 to 49 beds, each on fiscal year 2025.

HospitalBedsNet patient revenueOperating expensesMargin
Morgan Medical Center25$38,118,066$42,936,525−12.6%
Atrium Health Navicent Peach, Byron25$45,833,365$40,425,77111.8%
Bleckley Memorial Hosp, Cochran25$13,130,415$12,999,9071.0%
Effingham Health System, Springfield25$67,600,393$84,899,451−25.6%
Miller County Hospital, Colquitt25$79,862,805$86,681,202−8.5%
Optim Medical Center - Screven, Sylvania25$17,412,853$16,294,7796.4%

Patients and payers

Discharges
150
S-3 line 14, col 15
Inpatient days
5,583
S-3 line 14, col 8
Beds in use, on an average day
15.3
days ÷ days in year
Occupancy
61.2%
days ÷ bed days
Medicare share of days
38.7%
S-3 cols 6 ÷ 8
Medicaid share of days
0.1%
S-3 cols 7 ÷ 8

Who owns it

Type of control on its cost report: governmental, county.

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Figures: CMS Healthcare Cost Report Information System, file HOSP10FY2024.ZIP, form CMS-2552-10, filed under CMS certification number 111304. 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 December 4, 2025.