Velarion Records

Critical access hospital · Grantsburg, Wisconsin · 25 beds · CMS certification number 521331

Old National Bank

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended September 30, 2025, as submitted, stamped by CMS March 3, 2026. 22 years on file, every one shown below. Also on the 340B covered-entity register.

Fiscal 2025 at a glance

Net patient revenue
$24.0M
$23,979,088 · G-3 line 3
Operating expenses
$27.2M
$27,183,686 · G-3 line 4
Result from patient care
−$3.2M
−$3,204,598 · G-3 line 5
Margin on patient care
−13.4%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue rose from $12.7M in its first year on file (2004) to $24.0M in 2025.
  • Its result from patient care: $145K (2023), −$1.8M (2024), −$3.2M (2025).
  • 1 of the 5 critical access hospital peers below with a margin on file also reports a loss on patient care for fiscal year 2025.
  • Medicaid paid for 4.6% of its inpatient days and Medicare for 48.4%.

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
$12.7M
$11.8M
2005
settled
$13.8M
$12.5M
2006
settled
$14.8M
$13.6M
2007
settled
$15.4M
$14.3M
2008
settled
$16.8M
$16.4M
2009
settled
$18.4M
$18.6M
2010
settled
$19.6M
$19.3M
2011
settled
$20.0M
$19.6M
2012
settled
$20.2M
$19.4M
2013
reopened
$19.2M
$19.4M
2014
reopened
$19.7M
$19.5M
2015
reopened
$19.0M
$19.6M
2016
reopened
$19.5M
$19.4M
2017
settled
$19.9M
$19.6M
2018
settled
$20.7M
$20.1M
2019
reopened
$21.5M
$20.1M
2020
settled
$21.4M
$20.3M
2021
settled
$22.3M
$21.5M
2022
settled
$24.4M
$22.9M
2023
settled
$25.4M
$25.2M
2024
settled
$25.9M
$27.8M
2025
as submitted
$24.0M
$27.2M

Beside its peers

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

HospitalBedsNet patient revenueOperating expensesMargin
Old National Bank25$23,979,088$27,183,686−13.4%
Adventhealth Durand, Durand25$20,504,259$19,148,4426.6%
Amery Hospital & Clinic, Amery25$91,255,557$85,208,2766.6%
Aspirus Eagle River Hospital, Eagle River25$21,407,672$17,753,43117.1%
Gundersen Moundview Hospital and Clinics, Friendship25$25,938,508$26,843,965−3.5%
Gundersen St. Joseph's Hospital and Clinics, Hillsboro25$46,891,316$41,642,72111.2%

Patients and payers

Discharges
208
S-3 line 14, col 15
Inpatient days
1,092
S-3 line 14, col 8
Beds in use, on an average day
3.0
days ÷ days in year
Occupancy
12.0%
days ÷ bed days
Medicare share of days
48.4%
S-3 cols 6 ÷ 8
Medicaid share of days
4.6%
S-3 cols 7 ÷ 8

Who owns it

Related organizations on its own cost report: CMDI (100%).

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

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Figures: CMS Healthcare Cost Report Information System, file HOSP10FY2025.ZIP, form CMS-2552-10, filed under CMS certification number 521331. 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 3, 2026.