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Short-term acute care hospital · Saint Albans, Vermont · 53 beds · CMS certification number 470024

Northwestern Medical Center

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended September 30, 2025, as submitted, stamped by CMS March 16, 2026. 30 years on file, every one shown below. Also on the 340B covered-entity register.

Fiscal 2025 at a glance

Net patient revenue
$128.1M
$128,072,627 · G-3 line 3
Operating expenses
$148.1M
$148,133,484 · G-3 line 4
Result from patient care
−$20.1M
−$20,060,857 · G-3 line 5
Margin on patient care
−15.7%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue rose from $24.0M in its first year on file (1996) to $128.1M in 2025.
  • Its result from patient care: −$34.4M (2023), −$27.2M (2024), −$20.1M (2025).
  • All 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 17.5% of its inpatient days and Medicare for 38.9%.

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

30 years of filings

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

Net patient revenueOperating expenses
1996
reopened
$24.0M
$22.6M
1997
settled with audit
$26.0M
$23.3M
1998
settled with audit
$26.4M
$23.4M
1999
reopened
$29.3M
$25.6M
2000
settled
$30.0M
$28.5M
2001
settled
$32.4M
$31.0M
2002
reopened
$37.1M
$35.0M
2003
settled
$39.4M
$37.3M
2004
settled
$42.8M
$40.9M
2005
settled
$44.5M
$43.6M
2006
settled
$43.0M
$45.6M
2007
reopened
$54.5M
$53.7M
2008
reopened
$58.3M
$58.4M
2009
reopened
$67.3M
$65.3M
2010
reopened
$73.7M
$68.4M
2011
reopened
$75.8M
$70.7M
2012
reopened
$87.1M
$80.8M
2013
reopened
$89.3M
$85.9M
2014
settled
$91.2M
$87.9M
2015
settled
$97.9M
$93.5M
2016
settled with audit
$103.0M
$105.4M
2017
settled
$94.5M
$107.7M
2018
settled
$88.7M
$113.6M
2019
settled
$88.1M
$119.7M
2020
settled
$76.9M
$119.4M
2021
settled
$97.7M
$122.8M
2022
settled
$93.4M
$126.8M
2023
settled
$97.1M
$131.5M
2024
as submitted
$109.1M
$136.3M
2025
as submitted
$128.1M
$148.1M

Beside its peers

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

HospitalBedsNet patient revenueOperating expensesMargin
Northwestern Medical Center53$128,072,627$148,133,484−15.7%
Brattleboro Memorial Hospital, Brattleboro47$95,808,984$127,382,814−33.0%
Central Vermont Medical Center, Barre68$236,457,358$332,183,878−40.5%
Rutland Regional Medical Center, Rutland134$356,306,516$360,860,970−1.3%
Southwestern Vermont Medical Center, Bennington66$178,537,892$227,470,562−27.4%
University of Vermont Medical Center, Burlington469$1,430,994,658$2,447,753,147−71.0%

Patients and payers

Discharges
2,441
S-3 line 14, col 15
Inpatient days
9,568
S-3 line 14, col 8
Beds in use, on an average day
26.3
days ÷ days in year
Occupancy
49.5%
days ÷ bed days
Medicare share of days
38.9%
S-3 cols 6 ÷ 8
Medicaid share of days
17.5%
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 Northwestern Medical Center (employer identification number 030266986) 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)$13,894,770IRS Form 990 Schedule H, Part I, <TotalCommunityBenefitsGrp><NetCommunityBenefitExpnsAmt>
Financial assistance at cost (line 7a)$692,556IRS Form 990 Schedule H, Part I, <FinancialAssistanceAtCostTyp><NetCommunityBenefitExpnsAmt>
Medicaid (line 7b)$12,587,037IRS Form 990 Schedule H, Part I, <UnreimbursedMedicaidGrp><NetCommunityBenefitExpnsAmt>
Financial assistance and means-tested government programs (line 7d)$13,279,593IRS Form 990 Schedule H, Part I, <TotalFinancialAssistanceTyp><NetCommunityBenefitExpnsAmt>
Other benefits (line 7j)$615,177IRS Form 990 Schedule H, Part I, <TotalOtherBenefitsGrp><NetCommunityBenefitExpnsAmt>
Total, fraction of total expense (line 7k, column f)0.1057IRS Form 990 Schedule H, Part I, <TotalCommunityBenefitsGrp><TotalExpensePct>

E-file object id 202422119349300867. The IRS archive it was read from.

Executive and director compensation, as filed

From IRS Form 990 Part VII, Section A, filed by Northwestern Medical Center (employer identification number 030266986) for tax year 2022. The return lists this hospital as its one hospital facility.

NameTitleRoleReportable comp, from this organizationReportable comp, from related organizationsOther compensation
Barbara ToofVice PresidentTrustee/director, Officer$0$0$0
Coleen CondonMemberTrustee/director$0$0$0
Corey ParentSecretaryTrustee/director, Officer$0$0$0
Dawn BugbeeTreasurerTrustee/director, Officer$0$0$0
Dean FrenchFormer CEOFormer$385,370$0$24,181
Dr Donny KhelaMemberTrustee/director$0$0$0
Dr Gregory Brophey MDOphthalmologistHighest-compensated employee$565,880$0$29,930
Dr John MinadeoChief Medical & Quality OfKey employee$423,351$0$35,554
Dr Kahren K Aydinyan MDPhysicianHighest-compensated employee$505,834$0$25,886
Dr Lawrence Sullivan MDOB Physician / Former MemberHighest-compensated employee$647,230$0$41,793
Dr Meredith RobertsMemberTrustee/director$0$0$0
Dr Nathan Mauser MDOrthopedic PhysicianHighest-compensated employee$542,812$0$26,003
Dr Robert Beattie MDOrthopedic PhysicianHighest-compensated employee$612,098$0$36,985
Erin CreleyMemberTrustee/director$0$0$0
Jake HolzscheiterPast PresidentTrustee/director, Officer$0$0$0
John CasavantPresidentTrustee/director, Officer$0$0$0
Jonathan BillingsCOO/Past Interim CEOOfficer$259,879$0$27,022
Karyn RocheleauMemberTrustee/director$0$0$0
Matthew HabedankMemberTrustee/director$0$0$0
Nick HaddenMemberTrustee/director$0$0$0
Peter WrightCEOOfficer$0$0$0
Stephanie BreaultCFOOfficer$248,619$0$35,955

E-file object id 202422119349300867. 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 470024. 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 16, 2026.