Velarion Records

Critical access hospital · Madison, West Virginia · 25 beds · CMS certification number 511313

Boone Memorial Hospital

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended June 30, 2025, as submitted, stamped by CMS December 9, 2025. 22 years on file, every one shown below. Also on the 340B covered-entity register.

Fiscal 2025 at a glance

Net patient revenue
$71.9M
$71,851,715 · G-3 line 3
Operating expenses
$96.2M
$96,165,298 · G-3 line 4
Result from patient care
−$24.3M
−$24,313,583 · G-3 line 5
Margin on patient care
−33.8%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue rose from $4.3M in its first year on file (2004) to $71.9M in 2025.
  • Its result from patient care: −$7.4M (2023), −$13.9M (2024), −$24.3M (2025).
  • 2 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 0.4% of its inpatient days and Medicare for 52.9%.
  • BOONE MEMORIAL HOSPITAL INC holds 100% of it, on its Medicare enrollment.

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

22 years of filings

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

Net patient revenueOperating expenses
2004
reopened
$4.3M
$5.0M
2005
reopened
$13.4M
$13.5M
2006
reopened
$17.3M
$13.4M
2007
reopened
$18.3M
$14.5M
2008
settled
$19.5M
$15.7M
2009
settled
$21.9M
$16.7M
2010
settled with audit
$22.8M
$16.9M
2011
settled
$19.9M
$18.6M
2012
settled
$22.0M
$19.2M
2013
settled
$19.6M
$20.7M
2014
settled
$21.9M
$23.1M
2015
settled with audit
$23.4M
$24.2M
2016
settled
$27.0M
$26.0M
2017
settled with audit
$30.1M
$32.8M
2018
settled
$32.8M
$35.6M
2019
settled
$39.7M
$41.1M
2020
settled
$39.4M
$45.9M
2021
as submitted
$43.7M
$53.5M
2022
as submitted
$55.9M
$64.4M
2023
as submitted
$61.8M
$69.2M
2024
as submitted
$69.7M
$83.6M
2025
as submitted
$71.9M
$96.2M

Beside its peers

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

HospitalBedsNet patient revenueOperating expensesMargin
Boone Memorial Hospital25$71,851,715$96,165,298−33.8%
Braxton County Memorial Hospital, Gassaway25$37,722,986$33,187,44912.0%
Grafton City Hospital, Grafton25$15,512,356$17,820,719−14.9%
Minnie Hamilton Health System, Grantsville25$29,094,805$31,655,817−8.8%
Roane General Hospital, Spencer25$69,629,924$65,511,9235.9%
Vandalia Health Webster Memorial Hospital, Webster Springs25$26,853,780$25,388,5415.5%

Patients and payers

Discharges
580
S-3 line 14, col 15
Inpatient days
5,733
S-3 line 14, col 8
Beds in use, on an average day
15.8
days ÷ days in year
Occupancy
62.8%
days ÷ bed days
Medicare share of days
52.9%
S-3 cols 6 ÷ 8
Medicaid share of days
0.4%
S-3 cols 7 ÷ 8

Who owns it

  • BOONE MEMORIAL HOSPITAL INC100%

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

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 BOONE MEMORIAL HOSPITAL INC (employer identification number 550477361) 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)$1,416,076IRS Form 990 Schedule H, Part I, <TotalCommunityBenefitsGrp><NetCommunityBenefitExpnsAmt>
Financial assistance at cost (line 7a)$117,206IRS Form 990 Schedule H, Part I, <FinancialAssistanceAtCostTyp><NetCommunityBenefitExpnsAmt>
Medicaid (line 7b)$1,179,502IRS Form 990 Schedule H, Part I, <UnreimbursedMedicaidGrp><NetCommunityBenefitExpnsAmt>
Financial assistance and means-tested government programs (line 7d)$1,296,708IRS Form 990 Schedule H, Part I, <TotalFinancialAssistanceTyp><NetCommunityBenefitExpnsAmt>
Other benefits (line 7j)$119,368IRS Form 990 Schedule H, Part I, <TotalOtherBenefitsGrp><NetCommunityBenefitExpnsAmt>
Total, fraction of total expense (line 7k, column f)0.0205IRS Form 990 Schedule H, Part I, <TotalCommunityBenefitsGrp><TotalExpensePct>

E-file object id 202431369349302213. The IRS archive it was read from.

Executive and director compensation, as filed

From IRS Form 990 Part VII, Section A, filed by BOONE MEMORIAL HOSPITAL INC (employer identification number 550477361) for tax year 2022. The return lists this hospital as its one hospital facility.

NameTitleRoleReportable comp, from this organizationReportable comp, from related organizationsOther compensation
ANGELA CHRISTIANCHIEF OPERATING OFFICEROfficer$202,676$0$183,146
CASEY SHAUN HAGERDOCTORHighest-compensated employee$623,272$0$23,000
CHAD HOVISCHIEF FINANCIAL OFFICEROfficer$144,032$0$8,188
CHARLES D CRIGGERDOCTORHighest-compensated employee$443,342$0$2,500
DOUGLAS COLE MALCOLMCHIEF FINANCIAL OFFICEROfficer$67,352$0$2,715
JAMES GORESECRETARYTrustee/director$0$0$0
JAMES HENSLEYVICE PRESIDENTTrustee/director$0$0$0
JOHN REGERBOARD MEMBERTrustee/director$0$0$0
MICHAEL BLEDSOEDOCTORHighest-compensated employee$481,419$0$20,492
NADA WOODIEBOARD MEMBERTrustee/director$0$0$0
ROBERT BROWNPRESIDENTTrustee/director$0$0$0
SHANE EDWARD COOKDOCTORHighest-compensated employee$589,265$0$22,700
SHAWN MILLERBOARD MEMBERTrustee/director$0$0$0
SUSAN MCCORYBOARD MEMBERTrustee/director$0$0$0
THOMAS BIASBOARD MEMBERTrustee/director$0$0$0
THOMAS CORTELLESIDOCTORHighest-compensated employee$475,640$0$29,250
VIRGIL UNDERWOODCHIEF EXECUTIVE OFFICEROfficer$304,307$0$409,600
WYATT SCAGGSBOARD MEMBERTrustee/director$0$0$0

E-file object id 202431369349302213. The IRS archive it was read from.

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Figures: CMS Healthcare Cost Report Information System, file HOSP10FY2024.ZIP, form CMS-2552-10, filed under CMS certification number 511313. 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 HOSP10FY2024.ZIP, read December 9, 2025.