Velarion Records

Short-term acute care hospital · Rapid City, South Dakota · 416 beds · CMS certification number 430077

Monument Health Rapid City Hospital

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended June 30, 2025, as submitted, stamped by CMS December 12, 2025. 29 years on file, every one shown below. Also on the 340B covered-entity register.

Fiscal 2025 at a glance

Net patient revenue
$830.1M
$830,101,200 · G-3 line 3
Operating expenses
$959.2M
$959,218,702 · G-3 line 4
Result from patient care
−$129.1M
−$129,117,502 · G-3 line 5
Margin on patient care
−15.6%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue rose from $160.0M in its first year on file (1997) to $830.1M in 2025.
  • Its result from patient care: −$135.4M (2023), −$112.8M (2024), −$129.1M (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 25.5% of its inpatient days and Medicare for 32.3%.

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

29 years of filings

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

Net patient revenueOperating expenses
1997
settled
$160.0M
$152.2M
1998
reopened
$164.8M
$156.7M
1999
reopened
$168.3M
$162.0M
2000
reopened
$176.7M
$178.3M
2001
reopened
$196.1M
$195.2M
2002
reopened
$212.6M
$231.1M
2003
reopened
$238.7M
$253.0M
2004
reopened
$206.3M
$270.2M
2005
reopened
$196.4M
$262.8M
2006
reopened
$263.3M
$272.8M
2007
reopened
$279.0M
$295.6M
2008
reopened
$292.5M
$312.5M
2009
reopened
$320.8M
$308.1M
2010
reopened
$346.2M
$311.7M
2011
reopened
$374.6M
$344.2M
2012
reopened
$376.3M
$353.8M
2013
reopened
$409.2M
$374.4M
2014
settled with audit
$394.6M
$388.6M
2015
settled with audit
$437.5M
$413.5M
2016
reopened
$467.4M
$478.9M
2017
settled with audit
$479.7M
$527.3M
2018
settled
$514.1M
$548.6M
2019
settled
$573.5M
$532.6M
2020
settled
$626.6M
$602.1M
2021
as submitted
$727.9M
$785.5M
2022
as submitted
$725.2M
$812.0M
2023
as submitted
$707.5M
$842.8M
2024
as submitted
$784.2M
$897.0M
2025
as submitted
$830.1M
$959.2M

Beside its peers

Hospitals of the same type (short-term acute care hospital), nearest in size, from South Dakota first; each on fiscal year 2025.

HospitalBedsNet patient revenueOperating expensesMargin
Monument Health Rapid City Hospital416$830,101,200$959,218,702−15.6%
Avera Heart Hospital of South Dakota, Sioux Falls53$194,545,088$182,324,8456.3%
Avera McKennan Hospital and University Health Center, Sioux Falls563$1,708,179,427$1,838,210,780−7.6%
Avera St. Luke's, Aberdeen50$198,110,631$211,154,077−6.6%
Sanford Watertown Medical Center, Watertown81$162,395,283$168,480,440−3.8%
Sanford Usd Medical Center, Sioux Falls450$1,440,768,904$1,614,679,139−12.1%

Patients and payers

Discharges
19,140
S-3 line 14, col 15
Inpatient days
98,593
S-3 line 14, col 8
Beds in use, on an average day
270.9
days ÷ days in year
Occupancy
64.9%
days ÷ bed days
Medicare share of days
32.3%
S-3 cols 6 ÷ 8
Medicaid share of days
25.5%
S-3 cols 7 ÷ 8

Who owns it

Related organizations on its own cost report: 2 (100%), acute care.

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

Community benefit, as filed

Community benefit is filed on IRS Form 990 Schedule H by Monument Health Rapid City Hospital Inc (employer identification number 460319070) for tax year 2022, once for the 2 hospital facilities the return lists, this hospital among them. The return does not divide it among them.

Follow this hospital, free

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

More short-term acute care hospitals in South Dakota

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 HOSP10FY2024.ZIP, form CMS-2552-10, filed under CMS certification number 430077. Patients and payers: worksheet S-3 Part I of the same filing.

How this page was built: the CMS Medicare cost report, file HOSP10FY2024.ZIP, read December 12, 2025.