Critical access hospital · New London, Wisconsin · 25 beds · CMS certification number 521326
Thedacare Medical Center - New London
Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended December 31, 2023, settled, stamped by CMS August 28, 2025. 23 years on file, every one shown below. Also on the 340B covered-entity register.
Fiscal 2023 at a glance
What stands out
- Net patient revenue rose from $19.1M in its first year on file (2003) to $37.9M in 2025.
- Its result from patient care: $4.8M (2023), $2.1M (2024), $3.7M (2025).
- All 5 critical access hospital peers below with a margin on file also report a gain on patient care for fiscal year 2023.
- Medicaid paid for 7.5% of its inpatient days and Medicare for 19.8%.
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.
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Beside its peers
Critical access hospitals in Wisconsin with 25 to 49 beds, each on fiscal year 2023.
| Hospital | Beds | Net patient revenue | Operating expenses | Margin |
|---|---|---|---|---|
| Thedacare Medical Center - New London | 25 | $38,188,761 | $33,384,670 | 12.6% |
| Adventhealth Durand, Durand | 25 | $18,048,837 | $17,443,680 | 3.4% |
| Amery Hospital & Clinic, Amery | 25 | $76,170,618 | $75,647,029 | 0.7% |
| Mayo Clinic Health System - Sparta, Sparta | 25 | $42,336,455 | $39,737,482 | 6.1% |
| Gundersen St. Joseph's Hospital and Clinics, Hillsboro | 25 | $28,482,635 | $25,931,588 | 9.0% |
| Thedacare Medical Center - Wild Rose, Wild Rose | 25 | $13,928,250 | $13,080,381 | 6.1% |
Patients and payers
- Discharges
- 605S-3 line 14, col 15
- Inpatient days
- 3,013S-3 line 14, col 8
- Beds in use, on an average day
- 8.3days ÷ days in year
- Occupancy
- 33.0%days ÷ bed days
- Medicare share of days
- 19.8%S-3 cols 6 ÷ 8
- Medicaid share of days
- 7.5%S-3 cols 7 ÷ 8
Who owns it
Related organizations on its own cost report: THEDACARE, management services.
Type of control on its cost report: voluntary nonprofit, other.
Community benefit, as filed
From IRS Form 990 Schedule H, Part I, filed by THEDACARE MEDICAL CENTER - NEW LONDON INC (employer identification number 390869788) for tax year 2023. The return lists this hospital as its one hospital facility.
| Figure | As filed | Where it comes from |
|---|---|---|
| Total community benefit expense (line 7k) | $2,062,571 | IRS Form 990 Schedule H, Part I, <TotalCommunityBenefitsGrp><NetCommunityBenefitExpnsAmt> |
| Financial assistance at cost (line 7a) | $295,162 | IRS Form 990 Schedule H, Part I, <FinancialAssistanceAtCostTyp><NetCommunityBenefitExpnsAmt> |
| Medicaid (line 7b) | $842,494 | IRS Form 990 Schedule H, Part I, <UnreimbursedMedicaidGrp><NetCommunityBenefitExpnsAmt> |
| Financial assistance and means-tested government programs (line 7d) | $1,137,656 | IRS Form 990 Schedule H, Part I, <TotalFinancialAssistanceTyp><NetCommunityBenefitExpnsAmt> |
| Other benefits (line 7j) | $924,915 | IRS Form 990 Schedule H, Part I, <TotalOtherBenefitsGrp><NetCommunityBenefitExpnsAmt> |
| Total, fraction of total expense (line 7k, column f) | 0.062 | IRS Form 990 Schedule H, Part I, <TotalCommunityBenefitsGrp><TotalExpensePct> |
E-file object id 202423189349309277. The IRS archive it was read from.
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Figures: CMS Healthcare Cost Report Information System, file HOSP10FY2023.ZIP, form CMS-2552-10, filed under CMS certification number 521326. Patients and payers: worksheet S-3 Part I of the same filing.
How this page was built: the CMS Medicare cost report, file HOSP10FY2023.ZIP, read August 28, 2025.