Velarion Records

Critical access hospital · Crookston, Minnesota · 21 beds · CMS certification number 241320

Riverview Health

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended September 30, 2025, as submitted, stamped by CMS March 5, 2026. 24 years on file, every one shown below. Also on the 340B covered-entity register.

Fiscal 2025 at a glance

Net patient revenue
$64.3M
$64,329,882 · G-3 line 3
Operating expenses
$71.4M
$71,420,099 · G-3 line 4
Result from patient care
−$7.1M
−$7,090,217 · G-3 line 5
Margin on patient care
−11.0%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue rose from $15.2M in its first year on file (2002) to $64.3M in 2025.
  • Its result from patient care: −$8.6M (2023), −$9.2M (2024), −$7.1M (2025).
  • 3 of the 5 critical access hospital peers below with a margin on file also report a loss on patient care for fiscal year 2025.

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

24 years of filings

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

Net patient revenueOperating expenses
2002
settled with audit
$15.2M
$20.8M
2003
settled with audit
$27.0M
$28.1M
2004
settled with audit
$32.7M
$34.8M
2005
settled with audit
$34.6M
$36.1M
2006
settled with audit
$34.5M
$36.2M
2007
settled with audit
$38.6M
$38.5M
2008
settled
$43.2M
$43.7M
2009
settled
$46.3M
$46.4M
2010
settled with audit
$48.4M
$50.2M
2011
settled
$51.9M
$52.5M
2012
settled
$52.2M
$54.4M
2013
settled
$47.8M
$52.4M
2014
settled with audit
$45.3M
$48.2M
2015
settled
$49.1M
$48.6M
2016
settled
$54.2M
$52.5M
2017
settled with audit
$57.8M
$57.5M
2018
settled
$61.7M
$63.2M
2019
settled
$56.9M
$61.3M
2020
settled
$56.6M
$59.6M
2021
settled
$59.7M
$65.7M
2022
settled
$61.8M
$72.2M
2023
amended
$59.9M
$68.5M
2024
as submitted
$58.9M
$68.1M
2025
as submitted
$64.3M
$71.4M

Beside its peers

Critical access hospitals in Minnesota with under 25 beds, each on fiscal year 2025.

HospitalBedsNet patient revenueOperating expensesMargin
Riverview Health21$64,329,882$71,420,099−11.0%
Community Memorial Hospital, Cloquet22$93,975,780$94,412,652−0.5%
Hendricks Commmuity Hospital, Hendricks24$17,231,865$17,949,300−4.2%
Mayo Clinic Health System-New Prague, New Prague23$84,743,104$76,116,69410.2%
Murray County Memorial Hospital, Slayton21$17,189,216$18,919,709−10.1%
Ridgeview Sibley Medical Center, Arlington20$23,006,989$19,602,95214.8%

Patients and payers

Discharges
528
S-3 line 14, col 15
Inpatient days
1,835
S-3 line 14, col 8
Beds in use, on an average day
5.0
days ÷ days in year
Occupancy
23.9%
days ÷ bed days
Medicare share of days
37.1%
S-3 cols 6 ÷ 8

Who owns it

Related organizations on its own cost report: CMDI (0%), mri.

Type of control on its cost report: voluntary nonprofit, other.

Community benefit, as filed

From IRS Form 990 Schedule H, Part I, filed by RIVERVIEW HEALTHCARE ASSOCIATION (employer identification number 410724029) for tax year 2022. The return lists this hospital as its one hospital facility.

FigureAs filedWhere it comes from
Total community benefit expense (line 7k)$3,387,456IRS Form 990 Schedule H, Part I, <TotalCommunityBenefitsGrp><NetCommunityBenefitExpnsAmt>
Financial assistance at cost (line 7a)$244,419IRS Form 990 Schedule H, Part I, <FinancialAssistanceAtCostTyp><NetCommunityBenefitExpnsAmt>
Medicaid (line 7b)$2,779,338IRS Form 990 Schedule H, Part I, <UnreimbursedMedicaidGrp><NetCommunityBenefitExpnsAmt>
Financial assistance and means-tested government programs (line 7d)$3,023,757IRS Form 990 Schedule H, Part I, <TotalFinancialAssistanceTyp><NetCommunityBenefitExpnsAmt>
Other benefits (line 7j)$363,699IRS Form 990 Schedule H, Part I, <TotalOtherBenefitsGrp><NetCommunityBenefitExpnsAmt>
Total, fraction of total expense (line 7k, column f)0.0503IRS Form 990 Schedule H, Part I, <TotalCommunityBenefitsGrp><TotalExpensePct>

E-file object id 202442279349304154. The IRS archive it was read from.

Executive and director compensation, as filed

From IRS Form 990 Part VII, Section A, filed by RIVERVIEW HEALTHCARE ASSOCIATION (employer identification number 410724029) for tax year 2022. The return lists this hospital as its one hospital facility.

NameTitleRoleReportable comp, from this organizationReportable comp, from related organizationsOther compensation
APRIL GRUNHOVDCNO / VP OF PATIENT SERVICOfficer$196,864$0$40,078
BETTY ARVIDSONCFO / VP OF FINANCEOfficer$196,181$0$57,343
CARRIE MICHALSKIPRESIDENT & CEOOfficer$395,168$0$80,332
CHRIS BRUGGEMANCOO / VP OF OPERATIONSOfficer$177,308$0$68,746
DR BRETT VIBETOTRUSTEE/PHYSICIANTrustee/director$464,079$0$73,017
DR COLIN FENNELLPHYSICIANHighest-compensated employee$744,297$0$90,426
DR ERIK KANTENTRUSTEE/PHYSICIANTrustee/director$638,884$0$98,201
DR KARI WESSMANPHYSICIANHighest-compensated employee$567,906$0$70,697
DR MANEESH KANALPHYSICIANHighest-compensated employee$473,499$0$73,752
DR OLATUBOSUN FASHOROPHYSICIAN / CHIEF OF STAFFHighest-compensated employee$969,035$0$105,779
DR RAM PANERUPHYSICIANHighest-compensated employee$671,974$0$76,467
GARRET BOROWICZTRUSTEETrustee/director$0$0$0
GRANT GUNDERSONCHAIRTrustee/director, Officer$0$0$0
JEAN TATEVP OF HUMAN RESOURCESOfficer$162,821$0$73,998
KARI KOENIGSECRETARYTrustee/director, Officer$0$0$0
LANCE NORMANVP OF ANCILLARY SERVICESOfficer$186,483$0$53,415
LORI KELLERTRUSTEETrustee/director$0$0$0
REED ENGELSTADTRUSTEETrustee/director$0$0$0
STEPHANIE HARBOTTTREASURERTrustee/director, Officer$0$0$0
TIM BRINKMANVICE CHAIRTrustee/director, Officer$0$0$0

E-file object id 202442279349304154. 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 241320. 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 March 5, 2026.