Velarion Records

Critical access hospital · Platteville, Wisconsin · 25 beds · CMS certification number 521354

Southwest Health Center

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended June 30, 2025, as submitted, stamped by CMS December 10, 2025. Twenty years on file, every one shown below. Also on the 340B covered-entity register.

Fiscal 2025 at a glance

Net patient revenue
$138.5M
$138,534,979 · G-3 line 3
Operating expenses
$113.8M
$113,763,722 · G-3 line 4
Result from patient care
$24.8M
$24,771,257 · G-3 line 5
Margin on patient care
17.9%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue rose from $15.8M in its first year on file (2006) to $138.5M in 2025.
  • Its result from patient care: $8.7M (2023), $8.0M (2024), $24.8M (2025).
  • 4 of the 5 critical access hospital peers below with a margin on file also report a gain on patient care for fiscal year 2025.
  • Medicaid paid for 2.3% of its inpatient days and Medicare for 37.6%.

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

Twenty years of filings

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

Net patient revenueOperating expenses
2006
settled
$15.8M
$17.0M
2007
settled
$24.4M
$26.4M
2008
settled
$25.3M
$28.0M
2009
settled
$27.6M
$30.0M
2010
settled
$29.2M
$31.0M
2011
as submitted
$31.3M
$31.5M
2012
as submitted
$32.6M
$32.8M
2013
settled
$32.3M
$33.6M
2014
settled
$35.6M
$37.4M
2015
settled with audit
$45.7M
$43.9M
2016
settled
$55.3M
$52.4M
2017
settled
$59.8M
$58.1M
2018
reopened
$66.2M
$63.7M
2019
settled
$73.7M
$70.0M
2020
settled
$71.5M
$71.5M
2021
settled
$75.4M
$74.4M
2022
settled
$88.0M
$82.4M
2023
settled
$103.7M
$95.0M
2024
as submitted
$110.0M
$101.9M
2025
as submitted
$138.5M
$113.8M

Beside its peers

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

HospitalBedsNet patient revenueOperating expensesMargin
Southwest Health Center25$138,534,979$113,763,72217.9%
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
708
S-3 line 14, col 15
Inpatient days
3,009
S-3 line 14, col 8
Beds in use, on an average day
8.3
days ÷ days in year
Occupancy
33.0%
days ÷ bed days
Medicare share of days
37.6%
S-3 cols 6 ÷ 8
Medicaid share of days
2.3%
S-3 cols 7 ÷ 8

Who owns it

Related organizations on its own cost report: SENIOR VILLAGE OF PLATTEV, senior care health center.

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

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Figures: CMS Healthcare Cost Report Information System, file HOSP10FY2024.ZIP, form CMS-2552-10, filed under CMS certification number 521354. Patients and payers: worksheet S-3 Part I of the same filing.

How this page was built: the CMS Medicare cost report, file HOSP10FY2024.ZIP, read December 10, 2025.