Velarion Records

Short-term acute care hospital · Northfield, Minnesota · 33 beds · CMS certification number 240014

Northfield Hospital

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended December 31, 2025, as submitted, stamped by CMS June 25, 2026. 30 years on file, every one shown below.

Fiscal 2025 at a glance

Net patient revenue
$140.1M
$140,063,159 · G-3 line 3
Operating expenses
$145.4M
$145,359,982 · G-3 line 4
Result from patient care
−$5.3M
−$5,296,823 · G-3 line 5
Margin on patient care
−3.8%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue rose from $14.9M in its first year on file (1996) to $140.1M in 2025.
  • Its result from patient care: −$12.5M (2023), −$7.2M (2024), −$5.3M (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 2.8% of its inpatient days and Medicare for 23.2%.
  • CITY OF NORTHFIELD holds 100% of it, on its Medicare enrollment.

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

30 years of filings

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

Net patient revenueOperating expenses
1996
reopened
$14.9M
$13.9M
1997
reopened
$16.9M
$15.3M
1998
settled
$18.8M
$16.7M
1999
reopened
$20.9M
$18.3M
2000
settled
$23.6M
$20.5M
2001
settled
$26.1M
$22.4M
2002
settled
$29.3M
$29.3M
2003
settled
$31.5M
$29.6M
2004
settled
$35.2M
$34.1M
2005
settled
$39.4M
$38.6M
2006
settled
$45.3M
$45.1M
2007
settled
$50.7M
$52.5M
2008
reopened
$56.7M
$58.5M
2009
reopened
$58.5M
$59.5M
2010
reopened
$67.0M
$66.5M
2011
reopened
$73.9M
$69.1M
2012
reopened
$74.1M
$72.8M
2013
reopened
$77.8M
$79.5M
2014
settled
$87.7M
$85.4M
2015
settled
$91.6M
$89.5M
2016
settled
$103.4M
$99.9M
2017
settled
$107.2M
$107.0M
2018
settled
$110.0M
$109.1M
2019
settled
$110.6M
$111.6M
2020
settled
$100.0M
$106.6M
2021
settled
$118.7M
$121.9M
2022
settled
$121.8M
$132.1M
2023
settled
$132.3M
$144.8M
2024
as submitted
$133.3M
$140.6M
2025
as submitted
$140.1M
$145.4M

Beside its peers

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

HospitalBedsNet patient revenueOperating expensesMargin
Northfield Hospital33$140,063,159$145,359,982−3.8%
Allina Health Faribault Medical Center, Faribault31$64,167,128$67,498,029−5.2%
Cambridge Medical Center, Cambridge32$93,700,111$94,706,743−1.1%
Fairview Northland Hospital, Princeton34$100,891,147$98,190,9632.7%
Grand Itasca Clinic and Hospital, Grand Rapids34$147,100,610$154,400,702−5.0%
Essentia Health St. Mary's Detroit Lakes, Detroit Lakes36$188,337,761$179,605,3824.6%

Patients and payers

Discharges
1,732
S-3 line 14, col 15
Inpatient days
5,242
S-3 line 14, col 8
Beds in use, on an average day
14.4
days ÷ days in year
Occupancy
43.5%
days ÷ bed days
Medicare share of days
23.2%
S-3 cols 6 ÷ 8
Medicaid share of days
2.8%
S-3 cols 7 ÷ 8

Who owns it

  • CITY OF NORTHFIELD100%

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

Owners of 5% or more, from CMS’s hospital ownership file (Medicare enrollment, October 1, 2026).

Follow this hospital, free

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

More short-term acute care hospitals in Minnesota

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 HOSP10FY2025.ZIP, form CMS-2552-10, filed under CMS certification number 240014. 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 June 25, 2026.