Critical access hospital · Franklin, Kentucky · 25 beds · CMS certification number 181318
The Medical Center at Franklin
Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended March 31, 2026, as submitted, stamped by CMS September 10, 2026. 23 years on file, every one shown below. Also on the 340B covered-entity register.
Fiscal 2026 at a glance
What stands out
- Net patient revenue rose from $5.1M in its first year on file (2004) to $53.4M in 2026.
- Its result from patient care: $9.2M (2024), $9.2M (2025), $16.8M (2026).
- 4 of the 5 critical access hospital peers below with a margin on file also report a gain on patient care for fiscal year 2026.
- Medicaid paid for 14.2% of its inpatient days and Medicare for 26.8%.
- COMMONWEALTH HEALTH CORPORATION, INC. holds 100% of it, on its Medicare enrollment.
Every statement is drawn from figures on this page; nothing is estimated.
23 years of filings
Net patient revenue against operating expenses, each year as filed.
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Beside its peers
Hospitals of the same type (critical access hospital), nearest in size, from Kentucky first; each on fiscal year 2026.
| Hospital | Beds | Net patient revenue | Operating expenses | Margin |
|---|---|---|---|---|
| The Medical Center at Franklin | 25 | $53,436,654 | $36,668,999 | 31.4% |
| Centerpoint Health - Versailles, Versailles | 25 | $32,411,922 | $28,668,481 | 11.6% |
| Chicot Memorial Medical Center, Lake Village (AR) | 25 | $15,205,743 | $20,279,909 | −33.4% |
| The Medical Center at Caverna, Horse Cave | 25 | $26,224,702 | $24,365,859 | 7.1% |
| The Medical Center at Scottsville, Scottsville | 25 | $47,258,407 | $40,057,478 | 15.2% |
| The Medical Center at Albany, Albany | 25 | $23,503,078 | $21,317,123 | 9.3% |
Patients and payers
- Discharges
- 87S-3 line 14, col 15
- Inpatient days
- 6,658S-3 line 14, col 8
- Beds in use, on an average day
- 18.3days ÷ days in year
- Occupancy
- 73.0%days ÷ bed days
- Medicare share of days
- 26.8%S-3 cols 6 ÷ 8
- Medicaid share of days
- 14.2%S-3 cols 7 ÷ 8
Who owns it
- COMMONWEALTH HEALTH CORPORATION, INC.100%
Related organizations on its own cost report: MED CENTER HEAL, home office; TMC, hospital.
Other hospitals with the same owner: The Medical Center (KY), The Medical Center at Russellville (KY), The Medical Center at Caverna (KY), The Medical Center at Scottsville (KY), The Medical Center at Albany (KY).
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).
Community benefit, as filed
From IRS Form 990 Schedule H, Part I, filed by THE MEDICAL CENTER AT FRANKLIN INC (employer identification number 611362001) for tax year 2022. The return lists this hospital as its one hospital facility.
| Figure | As filed | Where it comes from |
|---|---|---|
| Total community benefit expense (line 7k) | $545,021 | IRS Form 990 Schedule H, Part I, <TotalCommunityBenefitsGrp><NetCommunityBenefitExpnsAmt> |
| Financial assistance at cost (line 7a) | $390,395 | IRS Form 990 Schedule H, Part I, <FinancialAssistanceAtCostTyp><NetCommunityBenefitExpnsAmt> |
| Financial assistance and means-tested government programs (line 7d) | $390,395 | IRS Form 990 Schedule H, Part I, <TotalFinancialAssistanceTyp><NetCommunityBenefitExpnsAmt> |
| Other benefits (line 7j) | $154,626 | IRS Form 990 Schedule H, Part I, <TotalOtherBenefitsGrp><NetCommunityBenefitExpnsAmt> |
| Total, fraction of total expense (line 7k, column f) | 0.0196 | IRS Form 990 Schedule H, Part I, <TotalCommunityBenefitsGrp><TotalExpensePct> |
E-file object id 202440459349300129. The IRS archive it was read from.
Executive and director compensation, as filed
From IRS Form 990 Part VII, Section A, filed by THE MEDICAL CENTER AT FRANKLIN INC (employer identification number 611362001) for tax year 2022. 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 |
|---|---|---|---|---|---|
| DR BRAD MORRIS | DIRECTOR | Trustee/director | $0 | $664,689 | $29,291 |
| MR BRAD ODIL | DIRECTOR | Trustee/director | $0 | $0 | $0 |
| MR COREY O'NAN | PHARMACY MANAGER | Highest-compensated employee | $145,458 | $0 | $24,980 |
| MR DAVID GRAY | EXECUTIVE VICE PRESIDENT | Officer | $0 | $385,152 | $43,999 |
| MR ERIC HAGAN | VP OF RURAL HOSPITALS | Key employee | $29,605 | $266,447 | $19,958 |
| MR GARY BROADY | VICE CHAIR | Trustee/director, Officer | $0 | $0 | $0 |
| MR MICHAEL STEVE THURMOND | DIRECTOR | Trustee/director | $0 | $0 | $0 |
| MR RATSAMY NAMVONG | CERT. RESPIRATORY THERAPIST | Highest-compensated employee | $112,199 | $0 | $17,298 |
| MR TOMMY HOLDERFIELD | CHAIR | Trustee/director, Officer | $0 | $0 | $0 |
| MR WADE STONE | EXECUTIVE VICE PRESIDENT | Officer | $0 | $501,132 | $20,005 |
| MS ANNETTE RUNYON | VICE PRESIDENT/ADMINISTRATOR | Highest-compensated employee | $187,032 | $0 | $5,046 |
| MS BEVERLY BOREN | SECRETARY | Trustee/director, Officer | $0 | $0 | $0 |
| MS BRANDICE JERNIGAN | DIRECTOR OF PATIENT CARE SRVS | Highest-compensated employee | $129,671 | $0 | $18,358 |
| MS CHERI NATCHER | DIRECTOR | Trustee/director | $0 | $0 | $0 |
| MS CONNIE D SMITH | PRESIDENT & CEO | Trustee/director, Officer | $0 | $1,285,993 | $20,191 |
| MS KATRINA WOOD | VP/CHIEF NURSING OFFICER | Officer | $0 | $219,378 | $35,340 |
| MS MICHELE W LAWLESS | EXECUTIVE VICE PRESIDENT & CFO | Officer | $0 | $421,749 | $3,491 |
| MS MONICA BLAIR | APRN | Highest-compensated employee | $119,119 | $0 | $13,721 |
E-file object id 202440459349300129. 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 181318. 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 September 10, 2026.