Velarion Records

Critical access hospital · Ennis, Montana · 10 beds · CMS certification number 271329

Madison Valley Medical Center

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended September 30, 2025, as submitted, stamped by CMS March 5, 2026. 23 years on file, every one shown below. Also on the 340B covered-entity register.

Fiscal 2025 at a glance

Net patient revenue
$14.4M
$14,448,921 · G-3 line 3
Operating expenses
$18.5M
$18,469,811 · G-3 line 4
Result from patient care
−$4.0M
−$4,020,890 · G-3 line 5
Margin on patient care
−27.8%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue rose from $1.6M in its first year on file (2003) to $14.4M in 2025.
  • Its result from patient care: −$2.5M (2023), −$3.3M (2024), −$4.0M (2025).
  • All 5 critical access hospital peers below with a margin on file also report a loss on patient care for fiscal year 2025.
  • Medicaid paid for 0.6% of its inpatient days and Medicare for 53.0%.

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

23 years of filings

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

Net patient revenueOperating expenses
2003
settled
$1.6M
$2.0M
2004
settled
$1.9M
$2.3M
2005
settled
$2.5M
$2.7M
2006
settled
$2.4M
$3.2M
2007
settled
$3.1M
$3.7M
2008
settled
$2.8M
$3.9M
2009
reopened
$3.6M
$5.2M
2010
settled
$4.0M
$6.0M
2011
reopened
$4.5M
$5.9M
2012
settled
$4.5M
$5.6M
2013
settled
$4.5M
$5.6M
2014
settled
$4.8M
$5.9M
2015
settled
$5.7M
$6.5M
2016
settled
$6.5M
$7.1M
2017
settled
$6.8M
$7.9M
2018
settled
$6.7M
$8.5M
2019
settled
$7.6M
$9.3M
2020
settled
$8.6M
$9.5M
2021
settled
$9.7M
$10.7M
2022
settled
$10.5M
$13.2M
2023
settled
$12.9M
$15.4M
2024
as submitted
$14.5M
$17.8M
2025
as submitted
$14.4M
$18.5M

Beside its peers

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

HospitalBedsNet patient revenueOperating expensesMargin
Madison Valley Medical Center10$14,448,921$18,469,811−27.8%
Beartooth Billings Clinic, Red Lodge10$21,240,951$22,069,912−3.9%
Big Sandy Medical Center, Big Sandy8$5,538,165$8,155,261−47.3%
Clark Fork Valley Hospital, Plains16$31,919,973$34,800,648−9.0%
Deer Lodge Medical Center, Deer Lodge16$25,708,689$26,005,690−1.2%
Stillwater Billings Clinic, Columbus16$14,894,359$15,150,311−1.7%

Patients and payers

Discharges
108
S-3 line 14, col 15
Inpatient days
1,140
S-3 line 14, col 8
Beds in use, on an average day
3.1
days ÷ days in year
Occupancy
31.2%
days ÷ bed days
Medicare share of days
53.0%
S-3 cols 6 ÷ 8
Medicaid share of days
0.6%
S-3 cols 7 ÷ 8

Who owns it

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

Community benefit, as filed

From IRS Form 990 Schedule H, Part I, filed by MADISON VALLEY HOSPITAL INC (employer identification number 810236460) 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)$1,575,403IRS Form 990 Schedule H, Part I, <TotalCommunityBenefitsGrp><NetCommunityBenefitExpnsAmt>
Financial assistance at cost (line 7a)$143,440IRS Form 990 Schedule H, Part I, <FinancialAssistanceAtCostTyp><NetCommunityBenefitExpnsAmt>
Medicaid (line 7b)$346,162IRS Form 990 Schedule H, Part I, <UnreimbursedMedicaidGrp><NetCommunityBenefitExpnsAmt>
Financial assistance and means-tested government programs (line 7d)$494,149IRS Form 990 Schedule H, Part I, <TotalFinancialAssistanceTyp><NetCommunityBenefitExpnsAmt>
Other benefits (line 7j)$1,081,254IRS Form 990 Schedule H, Part I, <TotalOtherBenefitsGrp><NetCommunityBenefitExpnsAmt>
Total, fraction of total expense (line 7k, column f)0.099IRS Form 990 Schedule H, Part I, <TotalCommunityBenefitsGrp><TotalExpensePct>

E-file object id 202432289349301523. The IRS archive it was read from.

Executive and director compensation, as filed

From IRS Form 990 Part VII, Section A, filed by MADISON VALLEY HOSPITAL INC (employer identification number 810236460) for tax year 2022. The return lists this hospital as its one hospital facility.

NameTitleRoleReportable comp, from this organizationReportable comp, from related organizationsOther compensation
ALICIA NICHOLSONCFOOfficer$99,419$0$8,975
ALLEN ROHRBACKCEOOfficer$223,177$0$11,553
BRYANT HARPSECRETARYTrustee/director, Officer$0$0$0
DOTTIE FOSSELFORMER CHAIRTrustee/director$0$0$0
JEFF MONTAGTRUSTEETrustee/director$0$0$0
JIM HAGEMANVICE CHAIRTrustee/director, Officer$0$0$0
KAREN MCMULLINTRUSTEETrustee/director$0$0$0
MARRY OLIVERCHAIRTrustee/director, Officer$0$0$0
MARTIN DEGROOTPAHighest-compensated employee$139,228$0$7,513
MAURA DAVENPORTMD, CHIEF OF STAFFHighest-compensated employee$249,587$0$11,529
RD MARKSMDHighest-compensated employee$154,542$0$11,350
SAMUEL RIORDANPHARMACISTHighest-compensated employee$120,939$0$6,039
SEAN SIMMONSPAHighest-compensated employee$116,925$0$39

E-file object id 202432289349301523. The IRS archive it was read from.

Follow this hospital, free

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

More critical access hospitals in Montana

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 271329. 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.