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Critical access hospital · Morrisville, Vermont · 25 beds · CMS certification number 471305

Copley Hospital

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended September 30, 2025, as submitted, stamped by CMS March 25, 2026. 21 years on file, every one shown below. Also on the 340B covered-entity register.

Fiscal 2025 at a glance

Net patient revenue
$115.2M
$115,182,248 · G-3 line 3
Operating expenses
$115.9M
$115,885,016 · G-3 line 4
Result from patient care
−$703K
−$702,768 · G-3 line 5
Margin on patient care
−0.6%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue rose from $12.3M in its first year on file (2005) to $115.2M in 2025.
  • Its result from patient care: −$3.6M (2023), −$821K (2024), −$703K (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 13.9% of its inpatient days and Medicare for 44.6%.

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

21 years of filings

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

Net patient revenueOperating expenses
2005
settled
$12.3M
$11.7M
2006
settled
$39.4M
$38.9M
2007
settled
$41.8M
$41.1M
2008
settled
$43.1M
$42.5M
2009
settled
$43.3M
$44.1M
2010
reopened
$46.6M
$46.3M
2011
settled
$49.2M
$49.1M
2012
reopened
$51.4M
$52.3M
2013
settled
$53.9M
$53.6M
2014
settled
$59.9M
$57.5M
2015
settled
$63.5M
$60.9M
2016
settled
$62.8M
$64.3M
2017
settled
$65.0M
$66.8M
2018
settled with audit
$66.2M
$69.7M
2019
settled
$67.0M
$70.3M
2020
settled with audit
$69.1M
$73.8M
2021
settled with audit
$84.8M
$88.2M
2022
as submitted
$91.4M
$95.3M
2023
as submitted
$96.2M
$99.8M
2024
as submitted
$103.4M
$104.3M
2025
as submitted
$115.2M
$115.9M

Beside its peers

Critical access hospitals in Vermont with 25 to 49 beds, each on fiscal year 2025.

HospitalBedsNet patient revenueOperating expensesMargin
Copley Hospital25$115,182,248$115,885,016−0.6%
Gifford Medical Center, Randolph25$58,546,944$81,705,942−39.6%
Mt. Ascutney Hospital and Health Center, Windsor25$68,525,000$75,265,465−9.8%
North Country Hospital & Health Center, Newport25$96,557,455$115,580,498−19.7%
NVRH, St. Johnsbury25$125,703,837$136,482,777−8.6%
Springfield Hospital, Springfield25$59,811,417$70,273,564−17.5%

Patients and payers

Discharges
1,079
S-3 line 14, col 15
Inpatient days
5,027
S-3 line 14, col 8
Beds in use, on an average day
13.8
days ÷ days in year
Occupancy
55.1%
days ÷ bed days
Medicare share of days
44.6%
S-3 cols 6 ÷ 8
Medicaid share of days
13.9%
S-3 cols 7 ÷ 8

Who owns it

Related organizations on its own cost report: HEALTH CTR BLDG, office space; COPLEY HLTH SYS, administration.

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

Community benefit, as filed

From IRS Form 990 Schedule H, Part I, filed by Copley Hospital Inc (employer identification number 030179423) 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)$9,002,962IRS Form 990 Schedule H, Part I, <TotalCommunityBenefitsGrp><NetCommunityBenefitExpnsAmt>
Financial assistance at cost (line 7a)$628,117IRS Form 990 Schedule H, Part I, <FinancialAssistanceAtCostTyp><NetCommunityBenefitExpnsAmt>
Medicaid (line 7b)$3,157,462IRS Form 990 Schedule H, Part I, <UnreimbursedMedicaidGrp><NetCommunityBenefitExpnsAmt>
Financial assistance and means-tested government programs (line 7d)$3,785,579IRS Form 990 Schedule H, Part I, <TotalFinancialAssistanceTyp><NetCommunityBenefitExpnsAmt>
Other benefits (line 7j)$5,217,383IRS Form 990 Schedule H, Part I, <TotalOtherBenefitsGrp><NetCommunityBenefitExpnsAmt>
Total, fraction of total expense (line 7k, column f)0.0902IRS Form 990 Schedule H, Part I, <TotalCommunityBenefitsGrp><TotalExpensePct>

E-file object id 202442259349302074. 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 471305. 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 25, 2026.