Velarion Records

Critical access hospital · Columbus, Montana · 16 beds · CMS certification number 271330

Stillwater Billings Clinic

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended December 31, 2025, as submitted, stamped by CMS July 14, 2026. 23 years on file, every one shown below. Also on the 340B covered-entity register.

Fiscal 2025 at a glance

Net patient revenue
$14.9M
$14,894,359 · G-3 line 3
Operating expenses
$15.2M
$15,150,311 · G-3 line 4
Result from patient care
−$256K
−$255,952 · G-3 line 5
Margin on patient care
−1.7%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue rose from $3.1M in its first year on file (2003) to $14.9M in 2025.
  • Its result from patient care: −$976K (2023), $385K (2024), −$256K (2025).
  • 4 of the 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 0.9% of its inpatient days and Medicare for 52.8%.
  • BILLINGS CLINIC SPECIALTY SUPPLIES AND SERVICES, LLC holds 100% of it, on its Medicare enrollment.

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
$3.1M
$3.6M
2004
settled
$3.2M
$3.6M
2005
settled
$3.2M
$3.9M
2006
settled
$3.4M
$4.1M
2007
settled
$3.5M
$4.3M
2008
settled
$3.8M
$4.2M
2009
settled
$3.8M
$4.4M
2010
settled
$4.2M
$4.4M
2011
settled
$4.3M
$4.8M
2012
reopened
$4.2M
$5.4M
2013
settled
$5.5M
$5.8M
2014
reopened
$7.1M
$8.0M
2015
settled
$8.3M
$8.1M
2016
settled
$9.1M
$9.0M
2017
settled
$9.3M
$10.1M
2018
settled
$11.1M
$11.3M
2019
settled
$11.2M
$11.2M
2020
settled
$11.3M
$12.8M
2021
settled
$12.2M
$13.2M
2022
as submitted
$14.3M
$15.0M
2023
as submitted
$12.9M
$13.8M
2024
as submitted
$15.1M
$14.8M
2025
as submitted
$14.9M
$15.2M

Beside its peers

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

HospitalBedsNet patient revenueOperating expensesMargin
Stillwater Billings Clinic16$14,894,359$15,150,311−1.7%
Barrett Hospital & Healthcare, Dillon18$48,521,137$48,185,1860.7%
Big Horn Hospital, Hardin18$16,756,576$17,460,606−4.2%
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%
Sheridan Memorial Hospital Association Hospital, Plentywood19$19,443,647$21,267,305−9.4%

Patients and payers

Discharges
160
S-3 line 14, col 15
Inpatient days
1,226
S-3 line 14, col 8
Beds in use, on an average day
3.4
days ÷ days in year
Occupancy
21.0%
days ÷ bed days
Medicare share of days
52.8%
S-3 cols 6 ÷ 8
Medicaid share of days
0.9%
S-3 cols 7 ÷ 8

Who owns it

  • BILLINGS CLINIC SPECIALTY SUPPLIES AND SERVICES, LLC100%
  • MTWY HEALTH100%

Related organizations on its own cost report: BILLINGS CLINIC (100%), home office.

Other hospitals with the same owner: Billings Clinic Specialty Supplies and Services (MT), RCHP Billings - Missoula (MT), Logan Health Medical Center (MT), Logan Health - Conrad (MT), Logan Health - Shelby (MT), Glendive Medical Center (MT), Billings Clinic Broadwater (MT), Logan Health - Chester (MT), Logan Health - Whitefish (MT), Logan Health - Cut Bank (MT), Rehabilitation Hospital of Montana (MT).

Type of control on its cost report: governmental, county.

Owners of 5% or more, from CMS’s hospital ownership file (Medicare enrollment, October 1, 2026).

Community benefit, as filed

From IRS Form 990 Schedule H, Part I, filed by Stillwater Hospital Association (employer identification number 810286525) for tax year 2023. The return lists this hospital as its one hospital facility.

FigureAs filedWhere it comes from
Total community benefit expense (line 7k)$221,950IRS Form 990 Schedule H, Part I, <TotalCommunityBenefitsGrp><NetCommunityBenefitExpnsAmt>
Financial assistance at cost (line 7a)$214,407IRS Form 990 Schedule H, Part I, <FinancialAssistanceAtCostTyp><NetCommunityBenefitExpnsAmt>
Medicaid (line 7b)$3,843IRS Form 990 Schedule H, Part I, <UnreimbursedMedicaidGrp><NetCommunityBenefitExpnsAmt>
Financial assistance and means-tested government programs (line 7d)$218,250IRS Form 990 Schedule H, Part I, <TotalFinancialAssistanceTyp><NetCommunityBenefitExpnsAmt>
Other benefits (line 7j)$3,700IRS Form 990 Schedule H, Part I, <TotalOtherBenefitsGrp><NetCommunityBenefitExpnsAmt>
Total, fraction of total expense (line 7k, column f)0.0331IRS Form 990 Schedule H, Part I, <TotalCommunityBenefitsGrp><TotalExpensePct>

E-file object id 202433209349308518. The IRS archive it was read from.

Executive and director compensation, as filed

From IRS Form 990 Part VII, Section A, filed by STILLWATER HOSPITAL ASSOCIATION (employer identification number 810286525) for tax year 2022. The return lists this hospital as its one hospital facility.

NameTitleRoleReportable comp, from this organizationReportable comp, from related organizationsOther compensation
Ann DaveyDirectorTrustee/director$0$0$0
Bharat AcharyaVice PresidentTrustee/director, Officer$0$0$0
Dr Cody WhitePHYSICIANHighest-compensated employee$304,906$0$50,986
Dr Dan VesbachDirectorTrustee/director$0$0$0
Dr David KaneDIRECTOR/PHYSICIANTrustee/director$0$198,193$45,859
Edwin SheilsPHYSICIAN ASSISTANTHighest-compensated employee$175,396$0$42,502
Jessica CozzensDirectorTrustee/director$0$354,206$56,809
Justin OttSECRETARY/TREASURERTrustee/director, Officer$0$208,022$57,113
Locke MurphyNurse PractitionerHighest-compensated employee$155,955$0$41,479
Luke KoboldCEOKey employee$177,069$0$45,770
Marlene DeisDirectorTrustee/director$0$0$0
Matthew WallerDirectorTrustee/director$0$177,647$55,216
Richard KleePhysicianHighest-compensated employee$339,512$0$45,651
Tom ChamberlainPresidentTrustee/director, Officer$0$0$0
Wade SeePhysicianHighest-compensated employee$362,796$0$32,965

E-file object id 202401359349308750. 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 271330. Patients and payers: worksheet S-3 Part I of the same filing. Ownership: CMS Hospital All Owners and Hospital Enrollments.

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