Short-term acute care hospital · Waconia, Minnesota · 128 beds · CMS certification number 240056
Ridgeview Medical Center
Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended December 31, 2025, as submitted, stamped by CMS June 8, 2026. 30 years on file, every one shown below.
Fiscal 2025 at a glance
What stands out
- Net patient revenue rose from $42.8M in its first year on file (1996) to $394.2M in 2025.
- Its result from patient care: −$39.0M (2023), −$41.1M (2024), −$38.2M (2025).
- 2 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 4.1% of its inpatient days and Medicare for 31.3%.
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.
reopened
reopened
reopened
settled
settled
settled
settled
settled
settled
settled
settled
settled
reopened
reopened
reopened
reopened
reopened
reopened
settled
settled
settled
settled
settled
settled
settled
settled
settled
settled
settled
as submitted
Beside its peers
Short-term acute care hospitals in Minnesota with 100 to 199 beds, each on fiscal year 2025.
| Hospital | Beds | Net patient revenue | Operating expenses | Margin |
|---|---|---|---|---|
| Ridgeview Medical Center | 128 | $394,162,720 | $432,348,880 | −9.7% |
| Fairview Ridges Hospital, Burnsville | 172 | $350,838,802 | $324,807,471 | 7.4% |
| Maple Grove Hospital, Maple Grove | 148 | $287,337,841 | $255,592,337 | 11.1% |
| Mayo Clinic Health System-Mankato, Mankato | 166 | $601,883,063 | $638,581,960 | −6.1% |
| Essentia Health Duluth, Duluth | 123 | $591,354,666 | $654,834,195 | −10.7% |
| Essentia Health - St. Josephs Medical Center, Brainerd | 113 | $334,435,985 | $326,226,941 | 2.5% |
Patients and payers
- Discharges
- 4,980S-3 line 14, col 15
- Inpatient days
- 25,026S-3 line 14, col 8
- Beds in use, on an average day
- 68.8days ÷ days in year
- Occupancy
- 53.6%days ÷ bed days
- Medicare share of days
- 31.3%S-3 cols 6 ÷ 8
- Medicaid share of days
- 4.1%S-3 cols 7 ÷ 8
Who owns it
Related organizations on its own cost report: CARDIO JV (50%), cadiology; SIBLEY (100%), hosp; MN VALLEY (100%), hosp.
Type of control on its cost report: voluntary nonprofit, other.
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.
Figures: CMS Healthcare Cost Report Information System, file HOSP10FY2025.ZIP, form CMS-2552-10, filed under CMS certification number 240056. Patients and payers: worksheet S-3 Part I of the same filing.
How this page was built: the CMS Medicare cost report, file HOSP10FY2025.ZIP, read June 8, 2026.