Critical access hospital · Elbow Lake, Minnesota · 10 beds · CMS certification number 241379
Lake Region Healthcare
Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended September 30, 2025, as submitted, stamped by CMS March 17, 2026. Twenty years on file, every one shown below. Also on the 340B covered-entity register.
Fiscal 2025 at a glance
What stands out
- Net patient revenue rose from $6.2M in its first year on file (2006) to $21.8M in 2025.
- Its result from patient care: −$2.3M (2023), −$233K (2024), −$528K (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.
Every statement is drawn from figures on this page; nothing is estimated.
Twenty years of filings
Net patient revenue against operating expenses, each year as filed.
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as submitted
Beside its peers
Critical access hospitals in Minnesota with under 25 beds, each on fiscal year 2025.
| Hospital | Beds | Net patient revenue | Operating expenses | Margin |
|---|---|---|---|---|
| Lake Region Healthcare | 10 | $21,827,502 | $22,355,769 | −2.4% |
| Centracare - Benson, Benson | 11 | $22,370,394 | $21,209,397 | 5.2% |
| Mayo Clinic Health System-Waseca, Waseca | 12 | $33,338,990 | $30,091,027 | 9.7% |
| Minnesota Valley Health Center, Le Sueur | 9 | $13,286,427 | $12,852,292 | 3.3% |
| Warren Community Hospital, Warren | 12 | $16,280,854 | $18,938,535 | −16.3% |
| Essentia Health Sandstone, Sandstone | 9 | $24,150,635 | $25,532,604 | −5.7% |
Patients and payers
- Discharges
- 54S-3 line 14, col 15
- Inpatient days
- 666S-3 line 14, col 8
- Beds in use, on an average day
- 1.8days ÷ days in year
- Occupancy
- 18.3%days ÷ bed days
- Medicare share of days
- 41.7%S-3 cols 6 ÷ 8
Who owns it
Related organizations on its own cost report: CMDI (0%), mri; LAKE REGION HC (100%), home office.
Type of control on its cost report: voluntary nonprofit, other.
Community benefit, as filed
From IRS Form 990 Schedule H, Part I, filed by PRAIRIE RIDGE HOSPITAL AND HEALTH (employer identification number 411763968) 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) | $2,389,445 | IRS Form 990 Schedule H, Part I, <TotalCommunityBenefitsGrp><NetCommunityBenefitExpnsAmt> |
| Financial assistance at cost (line 7a) | $52,000 | IRS Form 990 Schedule H, Part I, <FinancialAssistanceAtCostTyp><NetCommunityBenefitExpnsAmt> |
| Medicaid (line 7b) | $1,393,688 | IRS Form 990 Schedule H, Part I, <UnreimbursedMedicaidGrp><NetCommunityBenefitExpnsAmt> |
| Financial assistance and means-tested government programs (line 7d) | $1,445,688 | IRS Form 990 Schedule H, Part I, <TotalFinancialAssistanceTyp><NetCommunityBenefitExpnsAmt> |
| Other benefits (line 7j) | $943,757 | IRS Form 990 Schedule H, Part I, <TotalOtherBenefitsGrp><NetCommunityBenefitExpnsAmt> |
| Total, fraction of total expense (line 7k, column f) | 0.1202 | IRS Form 990 Schedule H, Part I, <TotalCommunityBenefitsGrp><TotalExpensePct> |
E-file object id 202422279349302307. The IRS archive it was read from.
Executive and director compensation, as filed
From IRS Form 990 Part VII, Section A, filed by PRAIRIE RIDGE HOSPITAL AND HEALTH (employer identification number 411763968) 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 |
|---|---|---|---|---|---|
| CAMIE PATTERSON | CFO | Officer | $0 | $531,347 | $17,526 |
| CRYSTAL ADAMS | DIRECTOR | Trustee/director | $660 | $0 | $0 |
| DANIELLE LESMEISTER | ADMINISTRATOR OF PATIENT CARE | Officer | $0 | $164,448 | $15,630 |
| DUSTIN SPERR | CHAIR | Trustee/director | $660 | $0 | $0 |
| JAY MCNAMAR | CHAIR | Trustee/director, Officer | $660 | $0 | $0 |
| JAY THOMPSON | PHARMACY MANAGER | Highest-compensated employee | $143,256 | $0 | $0 |
| JEANNE ENNEN | DIRECTOR | Trustee/director | $660 | $0 | $0 |
| JEFF DREIER | DIRECTOR | Trustee/director | $660 | $0 | $0 |
| KENT MATTSON | CEO | Officer | $0 | $510,000 | $139,482 |
| LARRY GOETZINGER | DIRECTOR | Trustee/director | $770 | $0 | $0 |
| MICHELLE WENDT | REGISTERED NURSE | Highest-compensated employee | $102,277 | $0 | $0 |
| RICHARD LAMBERT | VICE CHAIR/SECRETARY | Trustee/director | $660 | $0 | $0 |
| SARA ANDERSON | REGISTERED NURSE | Highest-compensated employee | $101,207 | $0 | $0 |
E-file object id 202422279349302307. 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 241379. 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 17, 2026.