a product by 3G Healthcare Real EstateExclusively SNF sell-side advisors
Medicare cost reports · Montana

Montana nursing home cost reports

43 Montana nursing homes filed a full-year Medicare cost report for fiscal years ending between June 2024 and December 2025, according to CMS's Healthcare Cost Report Information System (HCRIS) as of October 2026. The median building reported $371 of patient revenue and $394 of operating expense per patient day, and a net margin of 4.9%. 14 of the 41 that reported a margin were losing money.

Selling a building in Montana? Read our guide to selling a nursing home in Montana ›

43
full-year cost reports filed
4.9%
median net margin
$371
median patient revenue per day
34%
reported a loss

Montana, from CMS's Healthcare Cost Report Information System (HCRIS) as of October 2026.

What the middle building reported

Montana against the country, line by line

Fiscal years ending between June 2024 and December 2025. Source: CMS's Healthcare Cost Report Information System (HCRIS).

LineMontana medianMiddle halfU.S. medianFilings
OccupancyPatient days as a share of available bed days, both off Worksheet S-3 Part I.69.2%56.1% to 77.2%84.2%31
Medicare share of daysTraditional Medicare days as a share of all patient days, off Worksheet S-3 Part I.8.3%3.8% to 15.0%7.7%43
Medicaid share of daysMedicaid days as a share of all patient days, off Worksheet S-3 Part I.63.2%54.8% to 73.0%66.3%38
Patient revenue per patient dayNet patient revenue off Worksheet G-3, divided by patient days off Worksheet S-3 Part I. Blended across every payer.$371$333 to $422$37341
Operating expense per patient dayTotal operating expense off Worksheet G-3, divided by patient days. Net income also counts income and expense outside patient care, such as investment income, rentals and donations, which is why it is not patient revenue minus this line.$394$338 to $560$37242
Net income per patient dayNet income off Worksheet G-3, divided by patient days.$17−$22 to $47$1443
Net marginNet income off Worksheet G-3 over net patient revenue off the same worksheet.4.9%-4.6% to 11.2%3.7%41

Each figure is the middle Montana building on that line, from its own most recent full-year filing. A line resting on fewer than 20 filings shows no figure. No building’s own numbers are on this page; open a building below for its filing.

Every Montana nursing home with a cost report on file, A to Z (43)
About this data
How many nursing homes in Montana file a cost report?
43 filed a full-year Medicare cost report for fiscal years ending between June 2024 and December 2025, according to CMS's Healthcare Cost Report Information System (HCRIS) as of October 2026.
What is the average profit margin of a Montana nursing home?
The median Montana nursing home reported a net margin of 4.9% on its most recent full-year Medicare cost report.
Where can I find a Montana nursing home's cost report?
Open the building on SNFRadar: its page carries its own most recent filing against the Montana median on every line, from the same CMS data.
Source: CMS's Healthcare Cost Report Information System (HCRIS).
Published by 3G Healthcare Real Estate, skilled nursing advisors. Authors: Stan Klos III, Founder · Christian Patrick, President.