Velarion Records

Short-term acute care hospital · Great Falls, Montana · 312 beds · CMS certification number 270012

Benefis Hospitals

Latest filing: fiscal year ended December 31, 2025, as submitted, stamped by CMS July 14, 2026. 30 years on file, all shown below. Also on the 340B covered-entity register.

Fiscal 2025 at a glance

Net patient revenue $708.4M $708,397,564 · G-3 line 3
Operating expenses $744.2M $744,219,090 · G-3 line 4
Result from patient care −$35.8M −$35,821,526 · G-3 line 5
Margin on patient care −5.1% line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue rose from $67.7M in its first year on file (1996) to $708.4M in 2025.
  • Its result from patient care: −$36.8M (2023), −$64.5M (2024), −$35.8M (2025).
  • 4 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 25.6% of its inpatient days and Medicare for 32.9%.

How these statements are drawn

30 years of filings

Net patient revenueOperating expenses

1996 reopened margin 0.7% $67.7M $67.3M

1997 reopened margin −7.7% $118.6M $127.7M

1998 settled with audit margin −2.9% $126.6M $130.2M

1999 reopened margin −2.4% $129.0M $132.2M

2000 reopened margin −3.6% $132.3M $137.0M

2001 reopened margin −1.3% $143.2M $145.0M

2002 settled with audit margin −4.9% $155.7M $163.3M

2003 settled with audit margin 0.7% $165.3M $164.1M

2004 settled margin 1.8% $175.5M $172.2M

2005 reopened margin 1.6% $187.4M $184.4M

2006 reopened margin −0.3% $192.0M $192.6M

2007 settled margin 1.4% $200.8M $198.0M

2008 reopened margin 3.1% $228.4M $221.3M

2009 reopened margin 0.4% $251.7M $250.7M

2010 reopened margin −10.0% $303.3M $333.6M

2011 reopened margin −14.4% $320.0M $366.0M

2012 settled margin 0.1% $337.2M $336.8M

2013 reopened margin −4.4% $355.1M $370.7M

2014 reopened margin −4.1% $363.5M $378.5M

2015 settled with audit margin −1.6% $418.0M $424.7M

2016 settled margin −2.1% $392.3M $400.7M

2017 reopened margin −0.9% $420.8M $424.5M

2018 settled margin −1.2% $434.9M $440.0M

2019 settled margin 2.4% $479.6M $468.1M

2020 settled margin 3.6% $497.9M $479.9M

2021 settled margin 0.4% $555.3M $553.3M

2022 as submitted margin −5.3% $528.1M $556.2M

2023 as submitted margin −6.6% $558.2M $595.0M

2024 as submitted margin −10.3% $622.7M $687.1M

2025 as submitted margin −5.1% $708.4M $744.2M

Beside its peers

Nearest in size, Montana first, fiscal year 2025.

Hospital Beds Net patient revenue Operating expenses Margin

Benefis Hospitals 312 $708,397,564 $744,219,090 −5.1%

Billings Clinic Specialty Supplies and Services, Billings 326 $1,037,614,000 $1,173,686,525 −13.1%

Bozeman Health Deaconess Regional Medical Center, Bozeman 153 $558,090,411 $551,927,682 1.1%

Logan Health Medical Center, Kalispell 215 $661,278,545 $710,869,405 −7.5%

Providence St. Patrick Hospital, Missoula 198 $513,115,348 $531,715,621 −3.6%

Intermountain Health St. Vincent Regional Hospital, Billings 226 $577,208,398 $608,155,970 −5.4%

Patients and payers

  • Discharges 11,205 S-3 line 14, col 15
  • Inpatient days 49,804 S-3 line 14, col 8
  • Beds in use, on an average day 136.8 days ÷ days in year
  • Occupancy 43.7% days ÷ bed days
  • Medicare share of days 32.9% S-3 cols 6 ÷ 8
  • Medicaid share of days 25.6% S-3 cols 7 ÷ 8

Who owns it

Related organizations on its own cost report: SPECTRUM, spectrum; EMP HEALTH TRUS, emp health trus; SHARED SERVICES, shared services; TMC, tmc; PEAK, peak.

Control: voluntary nonprofit, other.

Follow Benefis Hospitals, free

More short-term acute care hospitals in Montana

File HOSP10FY2025.ZIP, form CMS-2552-10, CMS certification number 270012.

How this page was built: the CMS Medicare cost report, file HOSP10FY2025.ZIP, read July 14, 2026.

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