Stephens Memorial Hospital

What Stephens Memorial Hospital does

Stephens Memorial Hospital (SMH) is a 20-bed Critical Access Hospital operated by the Stephens Memorial Hospital District — a public hospital district organized under Texas law and governed by an elected Board of Directors. Founded in January 1951 in Breckenridge, Texas, SMH serves as the primary healthcare provider for Stephens County and surrounding rural communities. In July 2025 the hospital converted from Prospective Payment System status to Critical Access Hospital (CAH) designation, gaining access to cost-based Medicare reimbursement, the 340B Drug Pricing Program, and the TORCH Clinically Integrated Network.

The clinical footprint spans a co-located campus of five facilities: the main hospital with a 24/7 five-bed Level IV trauma-designated Emergency Department; Breckenridge Medical Center (a Rural Health Clinic offering appointments and 7-day walk-in care); the Therapy & Wellness Center (physical/occupational/speech therapy, cardiac and pulmonary rehab, with extended 5am–10pm access); and the Specialty Clinic (cardiology, hematology/oncology, podiatry, audiology, general surgery, gastroenterology). Core clinical technology includes 64-slice CT, MRI, 3D mammography (Aspire Cristalle), and a moderate-to-high complexity 24/7 laboratory. Ancillary programs include a Swing Bed skilled-nursing/rehabilitation service, athenahealth patient portal, ChartSpan Medicare care management, AblePay financial-assistance program, and the 340B program managed by PharmaCare Services with dispensing through W5 Pharmacy.

Revenue mechanics rely on fee-for-service patient care across Medicare, Medicaid, commercial, and self-pay payors, supplemented by 340B pharmacy spread and ancillary program income. GTM is community-led and locally embedded: marketing occurs through community events (blood drives, health fairs, galas, back-to-school bashes), organic social, and patient testimonials targeting residents of Stephens County. The facility is led by CEO Gena Speer, MSN, RN, with a 20+ person executive/clinical leadership team, and is not backed by private equity or venture capital — it is a community-owned political subdivision of the State of Texas.

Name

Stephens Memorial Hospital

Legal name

Stephens Memorial Hospital District

Website

https://smhtx.com

Company type

Private

Founded year

1951

Operating status

Operating

Headcount range

101–250 employees

Short description

Stephens Memorial Hospital is a 20-bed Critical Access Hospital and public hospital district in Breckenridge, Texas, serving Stephens County residents with 24/7 emergency care, diagnostic imaging, specialty clinics, rehabilitation, and rural primary and walk-in care since 1951.

Ownership category

akta.pro rank

Product category

Rural Acute Care Hospital Services

NAICS

General Medical and Surgical Hospitals (6221), Ambulatory Health Care Services (621), Offices of Physicians (except Mental Health Specialists) (621111), Other Outpatient Care Centers (62149)

SIC

Services-General Medical & Surgical Hospitals, Nec (8062), Services-Hospitals (8060), Services-Offices & Clinics Of Doctors Of Medicine (8011), Services-Specialty Outpatient Facilities, Nec (8093)

akta.pro primary industry

Critical Access & Rural Hospitals (HLAFAAAG)

Keywords

• Rural healthcare services
• Critical access hospital
• Emergency medical services
• Diagnostic imaging services
• Swing bed rehabilitation

Headquarters

HQ city

Tuscaloosa

HQ country

United States

HQ region

North America

Offices6 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Supply Chain, Marketing or Sales

Revenue model

1. Patient Care Services: Fee-for-service healthcare delivery including emergency services, inpatient care, outpatient services, diagnostic imaging, laboratory, and rehabilitation. Services provided to patients with Medicare, Medicaid, commercial insurance, and self-pay patients.
2. 340B Drug Program: As a Critical Access Hospital, SMH qualifies to purchase medications at discounted rates through the 340B Program. Partners with W5 Pharmacy to dispense medications. Managed by PharmaCare Services.
3. Swing Bed Program: Medicare-reimbursable skilled nursing and rehabilitation services following acute hospital stays. Covers first 20 days in full for qualifying patients; co-insurance required after 20th day up to 100 days.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels4 records

Core offering

Stephens Memorial Hospital District operates a 20-bed Critical Access Hospital delivering 24/7 emergency and trauma care, inpatient acute medical/surgical services, diagnostic imaging, laboratory, swing-bed skilled nursing, rehabilitation, respiratory therapy, and respiratory/cardiac/pulmonary rehabilitation through its main hospital and three co-located facilities in Breckenridge, Texas. The hospital also provides primary care, walk-in, and specialty clinic services (cardiology, hematology/oncology, podiatry, audiology, general surgery, gastroenterology), serving Medicare, Medicaid, commercial insurance, and self-pay patients in Stephens County and surrounding rural communities.

Product overview

Stephens Memorial Hospital operates as a single unified healthcare delivery system consisting of a 20-bed Critical Access Hospital (Stephens Memorial Hospital) as the core facility, supplemented by four satellite locations: Breckenridge Medical Center (Rural Health Clinic with walk-in services), SMH Therapy & Wellness Center (rehabilitation and fitness), and SMH Specialty Clinic (specialty care in cardiology, oncology, podiatry, audiology, general surgery, and gastroenterology). The hospital offers integrated clinical services including emergency/trauma care, diagnostic imaging, laboratory, rehabilitation, respiratory, and acute care. Patient-facing digital tools include the athenahealth patient portal, ChartSpan care management program for Medicare patients, and AblePay health savings program. The Swing Bed program provides skilled nursing and rehabilitation within the hospital setting. All facilities are located within the Stephens Memorial Hospital District campus in Breckenridge, Texas.

Differentiator

Problem solved

Functional benefit

Products and services

• Stephens Memorial Hospital (Main 20-bed Critical Access Hospital) 20-bed Critical Access Hospital providing 24/7 emergency, acute care, diagnostic imaging, laboratory, and respiratory services to residents of Breckenridge and Stephens County, Texas. Opened in 1951 as the most complete and experienced healthcare center in the area.
• Breckenridge Medical Center (Walk-In Clinic and Rural Health Clinic) Rural Health Clinic providing primary care appointments Monday-Friday 8am-5pm and a 7-day-a-week Walk-In Clinic (8am-5pm) for minor health issues including sore throat, colds, allergies, UTI, sprains, minor cuts, scrapes, burns, and fever.
• SMH Therapy & Wellness Center Rehabilitation and fitness facility providing outpatient physical therapy, occupational therapy, speech therapy, cardiac and pulmonary rehabilitation, plus membership-based gym access from 5am-10pm with after-hours key card entry.
• SMH Specialty Clinic Specialty care clinic providing local appointments in Cardiology, Hematology/Oncology, Podiatry, Audiology, General Surgery, and Gastroenterology for patients who would otherwise need to travel for specialty care.
• Swing Bed / Skilled Nursing Program Inpatient post-acute care program providing skilled nursing, physical therapy, occupational therapy, speech therapy, respiratory therapy, IV therapy, and nutritional services to patients needing additional healing time after acute hospital stay before returning home. Medicare-reimbursable; covers first 20 days in full for qualifying patients.
• Emergency & Trauma Services Five-bed Level IV designated trauma center providing 24/7 emergency care with on-site CT imaging, x-ray, laboratory testing, respiratory therapy, and point-of-care diagnostics, with EMS coordination and helicopter pad for higher-acuity transfers.
• Diagnostic Imaging Services Advanced imaging services including X-Ray, 64-slice CT, MRI, Mammography (with 3D Aspire Cristalle), Bone Density, and Ultrasound, performed by ARRT-certified technologists. Mammography holds American College of Radiology three-year accreditation.
• Laboratory Services Moderate-to-high complexity laboratory staffed 24/7 providing chemistry, hematology, coagulation, diabetic testing, thyroid testing, immunology, blood typing, and crossmatch services for transfusion support.
• Rehabilitation Services Inpatient and outpatient rehabilitation including physical therapy, occupational therapy, speech therapy, and cardiac/pulmonary rehabilitation delivered through the Wellness Center by licensed therapists.
• Respiratory Services Pulmonary care for patients with breathing difficulties from COPD, congestive heart failure, arrhythmias, allergic reactions, or asthma, including oxygen therapy, breathing treatments, and tracheotomy care.
• Acute Care & Med Surg Medical/Surgical department providing acute medical or surgical services with a multidisciplinary team approach including nurses, physicians, and therapists across the 20-bed inpatient setting.
• ChartSpan Care Management Program Medicare care management program providing 24/7 care line access to clinicians, customized care plans, appointment scheduling assistance, prescription support, and community resource connections (including transportation assistance) for Medicare patients between office visits.
• AblePay Health Savings Program No-cost financial program helping patients save up to 13% on out-of-pocket medical expenses (copays, deductibles, coinsurance) through negotiated provider rates, with flexible payment terms, savings or 0% interest, no credit checks required, and automatic acceptance for all SMH and Breckenridge Medical Center patients.
• Price Transparency Shoppable Services Tool Online shoppable services and machine-readable file of standard hospital charges for healthcare price transparency, accessible via SlicedHealth at smhtx.slicedhealth.io.

Named customers3 records

Segments3 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration5 records

Feature4 records

Partnerships

Seven partnerships are on record, tiered core.

• Solaris HealthcareGTM or Marketing Partner · 25 July 2025Community event partner at 4th Annual Back to School Bash, providing snow cones to students receiving school supply donations.
• Moncrief Cancer InstitutecoreStrategic or Co-development Partner · 7 July 2025Partnership to provide FREE mammograms to residents of Stephens County and surrounding area. Free screening mammograms available every third Tuesday of the month for females aged 40-74. Funded by Texas Health and Human Services Commission and CPRIT.
• Carter BloodCarecoreStrategic or Co-development Partner · 1 July 2025Blood drive partnership with Carter BloodCare for local blood donations. Blood donated stays in the 57 North, Central and East Texas counties served by Carter BloodCare, including Stephens County. Each unit of donated whole blood can save three lives.
• W5 PharmacycoreTechnology or Integration · 1 July 2025Partnership for 340B drug pricing program. W5 Pharmacy dispenses medications based on prescriptions from SMH contractor or employee providers, enabling discounted medications for patients.
• PharmaCare ServicescoreTechnology or Integration · 1 July 2025Company managing the 340B prescription program including software, inventory management, and program management. SMH pays per prescription and per transaction.
• Texas Organization of Rural and Community Hospitals (TORCH)coreStrategic or Co-development Partner · 1 July 2025TORCH Clinically Integrated Network membership enabling group negotiation on payer contracts for value-based purchasing. $100 annual membership. About 37 hospitals and 70 clinics currently in the network.
• ChartSpancoreTechnology or IntegrationCare management program for Medicare patients providing 24/7 care line, customized care plans, appointment assistance, prescription help, and connections to community resources like transportation assistance.

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• LifePoint Health: Operates a national network of community hospitals and rural healthcare facilities, including critical access hospitals. Directly comparable to SMH in serving non-urban markets with integrated acute, outpatient, and post-acute service lines under community-based governance models.
• Quorum Health: Owns and operates a portfolio of small, rural, and community hospitals across non-urban America. Highly comparable scale and service mix to SMH, including critical access hospital operations and integrated clinic services in underserved counties.
• Ardent Health Partners: Operates acute care hospitals and ambulatory services in mid-sized and growing markets, including community hospital settings. Comparable to SMH in operating non-urban acute care facilities alongside outpatient and specialty service lines.

Broad incumbents

• Community Health Systems: One of the largest operators of general acute care hospitals in the United States, with significant rural and non-urban exposure. Comparable to SMH in delivering acute, emergency, and outpatient services in community settings, but at vastly larger scale.
• HCA Healthcare: Largest for-profit hospital operator in the U.S., with broad portfolio spanning general acute care, specialty, and emergency services. Overlaps with SMH in core emergency, imaging, and acute care delivery but operates at significantly greater scale and across urban and tertiary markets.
• Tenet Healthcare: Operates general acute care hospitals and ambulatory surgery centers across the U.S. Comparable to SMH in core acute care and outpatient service delivery, with broader ambulatory and surgical footprint.
• Universal Health Services: Operates acute care hospitals and behavioral health facilities nationwide. Comparable to SMH in acute and emergency service delivery, though UHS's portfolio is materially weighted to behavioral health and urban/suburban markets.

Emerging players

• Encompass Health: Operates inpatient rehabilitation hospitals and provides home health and hospice services. Comparable to SMH in the post-acute swing bed and rehabilitation service line, though Encompass specializes in IRF-level care rather than critical access hospital delivery.
• Surgery Partners: Operates ambulatory surgical facilities and short-stay surgical hospitals. Partial overlap with SMH in outpatient procedure delivery (endoscopy, general surgery) but focused on higher-acuity ambulatory surgical economics rather than full-line community acute care.

Others

• Acadia Healthcare: Operates a network of behavioral health facilities and treatment centers. Adjacent to SMH's broader healthcare delivery mission but focused on psychiatric and substance abuse specialty rather than general acute or critical access hospital services.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/StephensMemorialHospital

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Stephens Memorial Hospital