﻿<?xml version="1.0" encoding="utf-8"?>
<Return xmlns="http://www.irs.gov/efile" xsi:schemaLocation="http://www.irs.gov/efile" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" returnVersion="2009v1.7">
  <ReturnHeader binaryAttachmentCount="0">
    <Timestamp>2011-09-13T10:01:24-05:00</Timestamp>
    <TaxPeriodEndDate>2010-10-31</TaxPeriodEndDate>
    <PreparerFirm>
      <PreparerFirmBusinessName>
        <BusinessNameLine1>BKD LLP</BusinessNameLine1>
      </PreparerFirmBusinessName>
      <PreparerFirmUSAddress>
        <AddressLine1>111 South Tejon Suite 800</AddressLine1>
        <City>Colorado Springs</City>
        <State>CO</State>
        <ZIPCode>809039848</ZIPCode>
      </PreparerFirmUSAddress>
    </PreparerFirm>
    <ReturnType>990</ReturnType>
    <TaxPeriodBeginDate>2009-11-01</TaxPeriodBeginDate>
    <Filer>
      <EIN>840563230</EIN>
      <Name>
        <BusinessNameLine1>Vail Clinic Inc</BusinessNameLine1>
      </Name>
      <NameControl>VAIL</NameControl>
      <Phone>9707772810</Phone>
      <USAddress>
        <AddressLine1>PO Box 40000</AddressLine1>
        <City>Vail</City>
        <State>CO</State>
        <ZIPCode>81658</ZIPCode>
      </USAddress>
    </Filer>
    <Officer>
      <Name>Charles Crevling</Name>
      <Title>CFO</Title>
      <DateSigned>2011-09-15</DateSigned>
      <AuthorizeThirdParty>true</AuthorizeThirdParty>
    </Officer>
    <Preparer>
      <Name>Rita F Worster CPA</Name>
      <Phone>7194714290</Phone>
    </Preparer>
    <TaxYear>2009</TaxYear>
    <BuildTS>2016-03-07 17:11:31Z</BuildTS>
  </ReturnHeader>
  <ReturnData documentCount="14">
    <IRS990 documentId="IRS990" referenceDocumentId="IRS990ScheduleO">
      <DoingBusinessAs>
        <BusinessNameLine1>Vail Valley Medical Center</BusinessNameLine1>
      </DoingBusinessAs>
      <NameOfPrincipalOfficerPerson>Charles Crevling</NameOfPrincipalOfficerPerson>
      <AddressPrincipalOfficerUS>
        <AddressLine1>PO BOX 40000</AddressLine1>
        <City>Vail</City>
        <State>CO</State>
        <ZIPCode>81658</ZIPCode>
      </AddressPrincipalOfficerUS>
      <GrossReceipts>215963888</GrossReceipts>
      <GroupReturnForAffiliates>false</GroupReturnForAffiliates>
      <Organization501c typeOf501cOrganization="3">X</Organization501c>
      <WebSite>www.vvmc.com</WebSite>
      <TypeOfOrganizationCorporation>X</TypeOfOrganizationCorporation>
      <YearFormation>1965</YearFormation>
      <StateLegalDomicile>CO</StateLegalDomicile>
      <ActivityOrMissionDescription>VVMC provides charity care, unreimbursed medicaid and other government programs, community health improvement svcs, health care, professional edu., subsidized health services, health care research, and grants.</ActivityOrMissionDescription>
      <NbrVotingMembersGoverningBody>8</NbrVotingMembersGoverningBody>
      <NbrIndependentVotingMembers>7</NbrIndependentVotingMembers>
      <TotalNbrEmployees>972</TotalNbrEmployees>
      <TotalNbrVolunteers>187</TotalNbrVolunteers>
      <TotalGrossUBI>4034889</TotalGrossUBI>
      <NetUnrelatedBusinessTxblIncome>-319853</NetUnrelatedBusinessTxblIncome>
      <ContributionsGrantsPriorYear>2714336</ContributionsGrantsPriorYear>
      <ContributionsGrantsCurrentYear>7605519</ContributionsGrantsCurrentYear>
      <ProgramServiceRevenuePriorYear>165260496</ProgramServiceRevenuePriorYear>
      <ProgramServiceRevenueCY>180134440</ProgramServiceRevenueCY>
      <InvestmentIncomePriorYear>693361</InvestmentIncomePriorYear>
      <InvestmentIncomeCurrentYear>-214629</InvestmentIncomeCurrentYear>
      <OtherRevenuePriorYear>-3838357</OtherRevenuePriorYear>
      <OtherRevenueCurrentYear>415723</OtherRevenueCurrentYear>
      <TotalRevenuePriorYear>164829836</TotalRevenuePriorYear>
      <TotalRevenueCurrentYear>187941053</TotalRevenueCurrentYear>
      <GrantsAndSimilarAmntsPriorYear>7798108</GrantsAndSimilarAmntsPriorYear>
      <GrantsAndSimilarAmntsCY>5760315</GrantsAndSimilarAmntsCY>
      <BenefitsPaidToMembersPriorYear>0</BenefitsPaidToMembersPriorYear>
      <BenefitsPaidToMembersCY>0</BenefitsPaidToMembersCY>
      <SalariesEtcPriorYear>51459329</SalariesEtcPriorYear>
      <SalariesEtcCurrentYear>52033481</SalariesEtcCurrentYear>
      <TotalProfFundrsngExpPriorYear>0</TotalProfFundrsngExpPriorYear>
      <TotalProfFundrsngExpCY>0</TotalProfFundrsngExpCY>
      <TotalFundrsngExpCurrentYear>1287355</TotalFundrsngExpCurrentYear>
      <OtherExpensePriorYear>87250691</OtherExpensePriorYear>
      <OtherExpensesCurrentYear>93035778</OtherExpensesCurrentYear>
      <TotalExpensesPriorYear>146508128</TotalExpensesPriorYear>
      <TotalExpensesCurrentYear>150829574</TotalExpensesCurrentYear>
      <RevenuesLessExpensesPriorYear>18321708</RevenuesLessExpensesPriorYear>
      <RevenuesLessExpensesCY>37111479</RevenuesLessExpensesCY>
      <TotalAssetsBOY>195401289</TotalAssetsBOY>
      <TotalAssetsEOY>225969753</TotalAssetsEOY>
      <TotalLiabilitiesBOY>67696871</TotalLiabilitiesBOY>
      <TotalLiabilitiesEOY>62656455</TotalLiabilitiesEOY>
      <NetAssetsOrFundBalancesBOY>127704418</NetAssetsOrFundBalancesBOY>
      <NetAssetsOrFundBalancesEOY>163313298</NetAssetsOrFundBalancesEOY>
      <MissionDescription>VAIL VALLEY MEDICAL CENTER WILL PROVIDE SUPERIOR HEALTH SERVICES WITH COMPASSION AND EXCEPTIONAL OUTCOMES. WE PROVIDE SUPERIOR HEALTH SERVICES ALIGNED TO THE NEEDS OF EAGLE COUNTY RESIDENTS AND VISITORS, WORLD RENOWNED ORTHOPEDIC SERVICES, REGIONAL CANCER SERVICES AND EMERGENCY SERVICES. WE INTEGRATE AND ALIGN SERVICE OFFERINGS WITH OUR PHYSICIAN PARTNERS TO MAXIMIZE FLEXIBILITY AND RESPONSIVENESS TO PATIENT NEEDS INCLUDING PREVENTIVE HEALTH SERVICES AND CONTINUOUS QUALITY IMPROVEMENT THROUGH INVESTMENT IN TECHNOLOGY, FACILITIES AND STAFF DEVELOPMENT.</MissionDescription>
      <SignificantNewProgramServices>false</SignificantNewProgramServices>
      <SignificantChange>false</SignificantChange>
      <Expense>118895997</Expense>
      <Grants>5760315</Grants>
      <Revenue>175738186</Revenue>
      <Description>Provide inpatient and outpatient health care services throughout the mountain communities we serve. Total Inpatient admissions: 3,042; Total Inpatient days: 6,912; Total Adjusted Patient Days (IP and OP): 18,242; Total Emergency Room/Urgent Care visits: 21,518; Total Surgeries: 3,905.</Description>
      <TotalProgramServiceExpense>118895997</TotalProgramServiceExpense>
      <DescribedIn501C3 referenceDocumentId="IRS990ScheduleA">true</DescribedIn501C3>
      <ScheduleBRequired referenceDocumentId="IRS990ScheduleB">true</ScheduleBRequired>
      <PoliticalActivities referenceDocumentId="IRS990ScheduleC">false</PoliticalActivities>
      <LobbyingActivities referenceDocumentId="IRS990ScheduleC">true</LobbyingActivities>
      <DonorAdvisedFunds referenceDocumentId="IRS990ScheduleD">false</DonorAdvisedFunds>
      <ConservationEasements referenceDocumentId="IRS990ScheduleD">false</ConservationEasements>
      <CollectionsOfArt referenceDocumentId="IRS990ScheduleD">false</CollectionsOfArt>
      <CreditCounseling referenceDocumentId="IRS990ScheduleD">false</CreditCounseling>
      <TermOrPermanentEndowments referenceDocumentId="IRS990ScheduleD">true</TermOrPermanentEndowments>
      <BalanceSheetAmountsReported referenceDocumentId="IRS990ScheduleD">true</BalanceSheetAmountsReported>
      <IndependentAuditFinancialStmt referenceDocumentId="IRS990ScheduleD">false</IndependentAuditFinancialStmt>
      <ConsolidatedAuditFinancialStmt referenceDocumentId="IRS990ScheduleD">true</ConsolidatedAuditFinancialStmt>
      <School>false</School>
      <ForeignOffice>false</ForeignOffice>
      <ForeignActivities referenceDocumentId="IRS990ScheduleF">true</ForeignActivities>
      <MoreThan5000KToOrganizations referenceDocumentId="IRS990ScheduleF">false</MoreThan5000KToOrganizations>
      <MoreThan5000KToIndividuals referenceDocumentId="IRS990ScheduleF">false</MoreThan5000KToIndividuals>
      <ProfessionalFundraising referenceDocumentId="IRS990ScheduleG">false</ProfessionalFundraising>
      <FundraisingActivities referenceDocumentId="IRS990ScheduleG">true</FundraisingActivities>
      <Gaming referenceDocumentId="IRS990ScheduleG">false</Gaming>
      <Hospital referenceDocumentId="IRS990ScheduleH">true</Hospital>
      <GrantsToOrganizations referenceDocumentId="IRS990ScheduleI">true</GrantsToOrganizations>
      <GrantsToIndividuals referenceDocumentId="IRS990ScheduleI">false</GrantsToIndividuals>
      <ScheduleJRequired referenceDocumentId="IRS990ScheduleJ">true</ScheduleJRequired>
      <TaxExemptBonds referenceDocumentId="IRS990ScheduleK">true</TaxExemptBonds>
      <InvestTaxExemptBonds>false</InvestTaxExemptBonds>
      <EscrowAccount>false</EscrowAccount>
      <OnBehalfOfIssuer>false</OnBehalfOfIssuer>
      <ExcessBenefitTransaction referenceDocumentId="IRS990ScheduleL">false</ExcessBenefitTransaction>
      <PriorExcessBenefitTransaction referenceDocumentId="IRS990ScheduleL">false</PriorExcessBenefitTransaction>
      <LoanToOfficerOrDQP referenceDocumentId="IRS990ScheduleL">true</LoanToOfficerOrDQP>
      <GrantToRelatedPerson referenceDocumentId="IRS990ScheduleL">false</GrantToRelatedPerson>
      <BsnssRltnshpWithOrganization referenceDocumentId="IRS990ScheduleL">true</BsnssRltnshpWithOrganization>
      <BsnssRltnshpThruFamilyMember referenceDocumentId="IRS990ScheduleL">false</BsnssRltnshpThruFamilyMember>
      <OfficerEntityWithBsnssRltnshp referenceDocumentId="IRS990ScheduleL">false</OfficerEntityWithBsnssRltnshp>
      <DeductibleNonCashContributions>false</DeductibleNonCashContributions>
      <DeductibleContributionsOfArt>false</DeductibleContributionsOfArt>
      <Terminated>false</Terminated>
      <PartialLiquidation>false</PartialLiquidation>
      <DisregardedEntity referenceDocumentId="IRS990ScheduleR">false</DisregardedEntity>
      <RelatedEntity referenceDocumentId="IRS990ScheduleR">true</RelatedEntity>
      <RelatedOrgControlledEntity referenceDocumentId="IRS990ScheduleR">true</RelatedOrgControlledEntity>
      <TransfersToExemptNonChrtblOrg referenceDocumentId="IRS990ScheduleR">false</TransfersToExemptNonChrtblOrg>
      <ActivitiesConductedPartnership referenceDocumentId="IRS990ScheduleR">false</ActivitiesConductedPartnership>
      <ScheduleORequired>true</ScheduleORequired>
      <NumberFormsTransmittedWith1096>186</NumberFormsTransmittedWith1096>
      <NumberW2GIncluded>0</NumberW2GIncluded>
      <ComplianceWithBackupWitholding>true</ComplianceWithBackupWitholding>
      <NumberOfEmployees>972</NumberOfEmployees>
      <EmploymentTaxReturnsFiled>true</EmploymentTaxReturnsFiled>
      <UnrelatedBusinessIncome>true</UnrelatedBusinessIncome>
      <Form990-TFiled>true</Form990-TFiled>
      <ForeignFinancialAccount>false</ForeignFinancialAccount>
      <ProhibitedTaxShelterTrans>false</ProhibitedTaxShelterTrans>
      <TaxablePartyNotification>false</TaxablePartyNotification>
      <NonDeductibleContributions>false</NonDeductibleContributions>
      <QuidProQuoContributions>true</QuidProQuoContributions>
      <QuidProQuoDisclosure>false</QuidProQuoDisclosure>
      <Form8282PropertyDisposedOf>false</Form8282PropertyDisposedOf>
      <FundsToPayPremiums>false</FundsToPayPremiums>
      <PremiumsPaid>false</PremiumsPaid>
      <NbrVotingGoverningBodyMembers>8</NbrVotingGoverningBodyMembers>
      <NumberIndependentVotingMembers>7</NumberIndependentVotingMembers>
      <FamilyOrBusinessRelationship>false</FamilyOrBusinessRelationship>
      <DelegationOfManagementDuties>false</DelegationOfManagementDuties>
      <ChangesToOrganizingDocs>true</ChangesToOrganizingDocs>
      <MaterialDiversionOrMisuse>false</MaterialDiversionOrMisuse>
      <MembersOrStockholders>true</MembersOrStockholders>
      <ElectionOfBoardMembers>true</ElectionOfBoardMembers>
      <DecisionsSubjectToApproval>false</DecisionsSubjectToApproval>
      <MinutesOfGoverningBody>true</MinutesOfGoverningBody>
      <MinutesOfCommittees>true</MinutesOfCommittees>
      <OfficerMailingAddress>false</OfficerMailingAddress>
      <LocalChapters>false</LocalChapters>
      <Form990ProvidedToGoverningBody>true</Form990ProvidedToGoverningBody>
      <ConflictOfInterestPolicy>true</ConflictOfInterestPolicy>
      <AnnualDisclosureCoveredPersons>true</AnnualDisclosureCoveredPersons>
      <RegularMonitoringEnforcement>true</RegularMonitoringEnforcement>
      <WhistleblowerPolicy>true</WhistleblowerPolicy>
      <DocumentRetentionPolicy>true</DocumentRetentionPolicy>
      <CompensationProcessCEO>true</CompensationProcessCEO>
      <CompensationProcessOther>true</CompensationProcessOther>
      <InvestmentInJointVenture>true</InvestmentInJointVenture>
      <WrittenPolicyOrProcedure>true</WrittenPolicyOrProcedure>
      <UponRequest>X</UponRequest>
      <TheBooksAreInCareOf>
        <NamePerson>CHARLES CREVLING</NamePerson>
        <TelephoneNumber>9704797238</TelephoneNumber>
        <AddressUS>
          <AddressLine1>PO BOX 40000</AddressLine1>
          <City>Vail</City>
          <State>CO</State>
          <ZIPCode>81658</ZIPCode>
        </AddressUS>
      </TheBooksAreInCareOf>
      <Form990PartVIISectionA>
        <NamePerson>DORIS KIRCHNER</NamePerson>
        <Title>PRESIDENT, CEO &amp; BOARD MEMBER</Title>
        <AverageHoursPerWeek>40.0</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <Officer>X</Officer>
        <ReportableCompFromOrganization>405432</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>42363</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>RON DAVIS</NamePerson>
        <Title>CHAIRMAN OF THE BOARD</Title>
        <AverageHoursPerWeek>1.0</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <Officer>X</Officer>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>ANDY DALY</NamePerson>
        <Title>TREASURER AND BOARD MEMBER</Title>
        <AverageHoursPerWeek>1.0</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <Officer>X</Officer>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>CHARLIE L'ESPERANCE</NamePerson>
        <Title>BOARD MEMBER</Title>
        <AverageHoursPerWeek>1.0</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>CHUPA NELSON</NamePerson>
        <Title>BOARD MEMBER</Title>
        <AverageHoursPerWeek>1.0</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>WAYNE WENZEL</NamePerson>
        <Title>VICE CHAIR OF THE BOARD</Title>
        <AverageHoursPerWeek>1.0</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <Officer>X</Officer>
        <ReportableCompFromOrganization>1300</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>ART KELTON</NamePerson>
        <Title>BOARD MEMBER</Title>
        <AverageHoursPerWeek>1.0</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>JACK ECK</NamePerson>
        <Title>BOARD MEMBER</Title>
        <AverageHoursPerWeek>40.0</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>315181</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>44269</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>REG FRANCIOSE</NamePerson>
        <Title>BOARD MEMBER</Title>
        <AverageHoursPerWeek>1.0</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>DON MENGEDOTH</NamePerson>
        <Title>SECRETARY AND BOARD MEMBER</Title>
        <AverageHoursPerWeek>1.0</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <Officer>X</Officer>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>CHARLES CREVLING</NamePerson>
        <Title>CFO AND ASST. TREASURER</Title>
        <AverageHoursPerWeek>40.0</AverageHoursPerWeek>
        <Officer>X</Officer>
        <ReportableCompFromOrganization>362470</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>53334</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>KEVIN LAWLOR</NamePerson>
        <Title>GEN. COUNSEL &amp; ASST. SECRETARY</Title>
        <AverageHoursPerWeek>40.0</AverageHoursPerWeek>
        <Officer>X</Officer>
        <ReportableCompFromOrganization>263387</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>41959</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>TOMMY MARS</NamePerson>
        <Title>CHIEF OPERATING OFFICER</Title>
        <AverageHoursPerWeek>40.0</AverageHoursPerWeek>
        <Officer>X</Officer>
        <ReportableCompFromOrganization>230385</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>27826</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>DENISE TRIBA</NamePerson>
        <Title>SVP HUMAN RESOURCES</Title>
        <AverageHoursPerWeek>40.0</AverageHoursPerWeek>
        <KeyEmployee>X</KeyEmployee>
        <ReportableCompFromOrganization>258656</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>22064</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>STAN ANDERSON</NamePerson>
        <Title>VICE PRESIDENT FACILITIES</Title>
        <AverageHoursPerWeek>40.0</AverageHoursPerWeek>
        <KeyEmployee>X</KeyEmployee>
        <ReportableCompFromOrganization>247001</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>160258</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>CHRIS SMITH</NamePerson>
        <Title>CHIEF INFORMATION OFFICER</Title>
        <AverageHoursPerWeek>40.0</AverageHoursPerWeek>
        <KeyEmployee>X</KeyEmployee>
        <ReportableCompFromOrganization>280244</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>238249</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>PATRICIA HARDENBERGH MD</NamePerson>
        <Title>PHYSICIAN</Title>
        <AverageHoursPerWeek>40.0</AverageHoursPerWeek>
        <HighestCompensatedEmployee>X</HighestCompensatedEmployee>
        <ReportableCompFromOrganization>652104</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>47648</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>JEFFREY RESNICK MD</NamePerson>
        <Title>PHYSICIAN</Title>
        <AverageHoursPerWeek>40.0</AverageHoursPerWeek>
        <HighestCompensatedEmployee>X</HighestCompensatedEmployee>
        <ReportableCompFromOrganization>542901</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>68213</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>ALEXANDER URQUHART MD</NamePerson>
        <Title>PHYSICIAN</Title>
        <AverageHoursPerWeek>40.0</AverageHoursPerWeek>
        <HighestCompensatedEmployee>X</HighestCompensatedEmployee>
        <ReportableCompFromOrganization>529081</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>62332</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>LAWRENCE GAUL MD</NamePerson>
        <Title>PHYSICIAN</Title>
        <AverageHoursPerWeek>40.0</AverageHoursPerWeek>
        <HighestCompensatedEmployee>X</HighestCompensatedEmployee>
        <ReportableCompFromOrganization>430318</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>57837</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>GRANVILLE LLOYD MD</NamePerson>
        <Title>PHYSICIAN</Title>
        <AverageHoursPerWeek>40.0</AverageHoursPerWeek>
        <HighestCompensatedEmployee>X</HighestCompensatedEmployee>
        <ReportableCompFromOrganization>406530</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>37963</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>JOHN CASSIN</NamePerson>
        <Title>FORMER PRES, CEO &amp; BOARD MEMB.</Title>
        <AverageHoursPerWeek>0.0</AverageHoursPerWeek>
        <Former>X</Former>
        <ReportableCompFromOrganization>514556</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>35194</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>GREGORY REPETTI</NamePerson>
        <Title>FORMER PRES, CEO &amp; BOARD MEMB.</Title>
        <AverageHoursPerWeek>0.0</AverageHoursPerWeek>
        <Former>X</Former>
        <ReportableCompFromOrganization>431583</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>124800</OtherCompensation>
      </Form990PartVIISectionA>
      <TotalReportableCompFromOrg>5871129</TotalReportableCompFromOrg>
      <TotalReportableCompFrmRltdOrgs>0</TotalReportableCompFrmRltdOrgs>
      <TotalOtherCompensation>1064309</TotalOtherCompensation>
      <NumberIndividualsGT100K>92</NumberIndividualsGT100K>
      <FormersListed>true</FormersListed>
      <TotalCompGT150K>true</TotalCompGT150K>
      <CompensationFromOtherSources>false</CompensationFromOtherSources>
      <ContractorCompensation>
        <NameOfContractor>
          <NamePerson>HOWARD HEAD SPORTS MEDICINE</NamePerson>
        </NameOfContractor>
        <AddressOfContractor>
          <AddressUS>
            <AddressLine1>PO BOX 5693</AddressLine1>
            <City>VAIL</City>
            <State>CO</State>
            <ZIPCode>81658</ZIPCode>
          </AddressUS>
        </AddressOfContractor>
        <DescriptionOfServices>PHYSICAL THERAPY</DescriptionOfServices>
        <Compensation>7602338</Compensation>
      </ContractorCompensation>
      <ContractorCompensation>
        <NameOfContractor>
          <NamePerson>VAIL VALLEY EMERGENCY PHYSICIANS</NamePerson>
        </NameOfContractor>
        <AddressOfContractor>
          <AddressUS>
            <AddressLine1>27 MAIN STREET SUITE C301</AddressLine1>
            <City>EDWARDS</City>
            <State>CO</State>
            <ZIPCode>81632</ZIPCode>
          </AddressUS>
        </AddressOfContractor>
        <DescriptionOfServices>PHYSICIAN-EMERGENCY</DescriptionOfServices>
        <Compensation>4777061</Compensation>
      </ContractorCompensation>
      <ContractorCompensation>
        <NameOfContractor>
          <NamePerson>DIVERSIFIED RADIOLOGY OF COLORADO P</NamePerson>
        </NameOfContractor>
        <AddressOfContractor>
          <AddressUS>
            <AddressLine1>938 BANNOCK STREET SUITE 300</AddressLine1>
            <City>DENVER</City>
            <State>CO</State>
            <ZIPCode>80204</ZIPCode>
          </AddressUS>
        </AddressOfContractor>
        <DescriptionOfServices>PHYSICIAN-RADIOLOGY</DescriptionOfServices>
        <Compensation>2342217</Compensation>
      </ContractorCompensation>
      <ContractorCompensation>
        <NameOfContractor>
          <NamePerson>GE HEALTHCARE</NamePerson>
        </NameOfContractor>
        <AddressOfContractor>
          <AddressUS>
            <AddressLine1>PO BOX 843553</AddressLine1>
            <City>DALLAS</City>
            <State>TX</State>
            <ZIPCode>752843553</ZIPCode>
          </AddressUS>
        </AddressOfContractor>
        <DescriptionOfServices>REPAIR &amp; MAINTENANCE</DescriptionOfServices>
        <Compensation>2458858</Compensation>
      </ContractorCompensation>
      <ContractorCompensation>
        <NameOfContractor>
          <NamePerson>DENVER HEALTH AND HOSPITAL AUTHORIT</NamePerson>
        </NameOfContractor>
        <AddressOfContractor>
          <AddressUS>
            <AddressLine1>PO BOX 40411</AddressLine1>
            <City>DENVER</City>
            <State>CO</State>
            <ZIPCode>80204</ZIPCode>
          </AddressUS>
        </AddressOfContractor>
        <DescriptionOfServices>PHYSICIAN-TRAUMA</DescriptionOfServices>
        <Compensation>2526671</Compensation>
      </ContractorCompensation>
      <NumberOfContractorsGT100K>49</NumberOfContractorsGT100K>
      <FundraisingEvents>57790</FundraisingEvents>
      <RelatedOrganizations>6757890</RelatedOrganizations>
      <AllOtherContributions>789839</AllOtherContributions>
      <TotalContributions>7605519</TotalContributions>
      <ProgramServiceRevenue>
        <Description>RETAIL PHARMACY</Description>
        <BusinessCode>446110</BusinessCode>
        <TotalRevenueColumn>3711735</TotalRevenueColumn>
        <UnrelatedBusinessRevenue>3673983</UnrelatedBusinessRevenue>
        <ExclusionAmount>37752</ExclusionAmount>
      </ProgramServiceRevenue>
      <ProgramServiceRevenue>
        <Description>NET PATIENT SERVICE REVENUE</Description>
        <BusinessCode>900099</BusinessCode>
        <TotalRevenueColumn>150253669</TotalRevenueColumn>
        <RelatedOrExemptFunctionIncome>150253669</RelatedOrExemptFunctionIncome>
      </ProgramServiceRevenue>
      <ProgramServiceRevenue>
        <Description>MEDICARE/MEDICAID</Description>
        <BusinessCode>900099</BusinessCode>
        <TotalRevenueColumn>14860253</TotalRevenueColumn>
        <RelatedOrExemptFunctionIncome>14860253</RelatedOrExemptFunctionIncome>
      </ProgramServiceRevenue>
      <ProgramServiceRevenue>
        <Description>EQUITY IN EARNINGS OF SUBSIDIARIES</Description>
        <BusinessCode>900099</BusinessCode>
        <TotalRevenueColumn>6404182</TotalRevenueColumn>
        <RelatedOrExemptFunctionIncome>6404182</RelatedOrExemptFunctionIncome>
      </ProgramServiceRevenue>
      <ProgramServiceRevenue>
        <Description>PROVIDER FEE INCOME</Description>
        <BusinessCode>900099</BusinessCode>
        <TotalRevenueColumn>2654951</TotalRevenueColumn>
        <RelatedOrExemptFunctionIncome>2654951</RelatedOrExemptFunctionIncome>
      </ProgramServiceRevenue>
      <TotalOthProgramServiceRevenue>
        <TotalRevenueColumn>2249650</TotalRevenueColumn>
        <RelatedOrExemptFunctionIncome>1565131</RelatedOrExemptFunctionIncome>
        <UnrelatedBusinessRevenue>114488</UnrelatedBusinessRevenue>
        <ExclusionAmount>570031</ExclusionAmount>
      </TotalOthProgramServiceRevenue>
      <TotalProgramServiceRevenue>180134440</TotalProgramServiceRevenue>
      <InvestmentIncome>
        <TotalRevenueColumn>1043526</TotalRevenueColumn>
        <ExclusionAmount>1043526</ExclusionAmount>
      </InvestmentIncome>
      <IncomeFromInvestBondProceeds>
        <TotalRevenueColumn>109983</TotalRevenueColumn>
        <ExclusionAmount>109983</ExclusionAmount>
      </IncomeFromInvestBondProceeds>
      <RoyaltiesRevenue>
        <TotalRevenueColumn>0</TotalRevenueColumn>
      </RoyaltiesRevenue>
      <GrossRents>
        <Real>3458660</Real>
      </GrossRents>
      <LessRentalExpenses>
        <Real>3035042</Real>
      </LessRentalExpenses>
      <RentalIncomeOrLoss>
        <Real>423618</Real>
      </RentalIncomeOrLoss>
      <NetRentalIncomeOrLoss>
        <TotalRevenueColumn>423618</TotalRevenueColumn>
        <UnrelatedBusinessRevenue>246418</UnrelatedBusinessRevenue>
        <ExclusionAmount>177200</ExclusionAmount>
      </NetRentalIncomeOrLoss>
      <GrossAmountSalesAssets>
        <Securities>23546700</Securities>
        <Other>59000</Other>
      </GrossAmountSalesAssets>
      <LessCostOthBasisSalesExpenses>
        <Securities>24756230</Securities>
        <Other>217608</Other>
      </LessCostOthBasisSalesExpenses>
      <GainOrLoss>
        <Securities>-1209530</Securities>
        <Other>-158608</Other>
      </GainOrLoss>
      <NetGainOrLossInvestments>
        <TotalRevenueColumn>-1368138</TotalRevenueColumn>
        <ExclusionAmount>-1368138</ExclusionAmount>
      </NetGainOrLossInvestments>
      <GrossIncomeFundraisingEvents>6060</GrossIncomeFundraisingEvents>
      <CntrbtnsRprtdFundraisingEvents>57790</CntrbtnsRprtdFundraisingEvents>
      <FundraisingDirectExpenses>13955</FundraisingDirectExpenses>
      <NetIncomeFromFundraisingEvents>
        <TotalRevenueColumn>-7895</TotalRevenueColumn>
        <ExclusionAmount>-7895</ExclusionAmount>
      </NetIncomeFromFundraisingEvents>
      <NetIncomeFromGaming>
        <TotalRevenueColumn>0</TotalRevenueColumn>
      </NetIncomeFromGaming>
      <NetIncomeOrLoss>
        <TotalRevenueColumn>0</TotalRevenueColumn>
      </NetIncomeOrLoss>
      <TotalOtherRevenue>0</TotalOtherRevenue>
      <TotalRevenue>
        <TotalRevenueColumn>187941053</TotalRevenueColumn>
        <RelatedOrExemptFunctionIncome>175738186</RelatedOrExemptFunctionIncome>
        <UnrelatedBusinessRevenue>4034889</UnrelatedBusinessRevenue>
        <ExclusionAmount>562459</ExclusionAmount>
      </TotalRevenue>
      <GrantsToDomesticOrgs>
        <Total>5758648</Total>
        <ProgramServices>5758648</ProgramServices>
      </GrantsToDomesticOrgs>
      <GrantsToDomesticIndividuals>
        <Total>1667</Total>
        <ProgramServices>1667</ProgramServices>
      </GrantsToDomesticIndividuals>
      <ForeignGrants>
        <Total>0</Total>
      </ForeignGrants>
      <BenefitsToMembers>
        <Total>0</Total>
      </BenefitsToMembers>
      <CompCurrentOfficersDirectors>
        <Total>1688281</Total>
        <ManagementAndGeneral>1688281</ManagementAndGeneral>
      </CompCurrentOfficersDirectors>
      <CompDisqualPersons>
        <Total>0</Total>
      </CompDisqualPersons>
      <OtherSalariesAndWages>
        <Total>40395246</Total>
        <ProgramServices>29879468</ProgramServices>
        <ManagementAndGeneral>9710654</ManagementAndGeneral>
        <Fundraising>805124</Fundraising>
      </OtherSalariesAndWages>
      <PensionPlanContributions>
        <Total>1714965</Total>
        <ProgramServices>1269340</ProgramServices>
        <ManagementAndGeneral>411998</ManagementAndGeneral>
        <Fundraising>33627</Fundraising>
      </PensionPlanContributions>
      <OtherEmployeeBenefits>
        <Total>4654995</Total>
        <ProgramServices>3446857</ProgramServices>
        <ManagementAndGeneral>1113337</ManagementAndGeneral>
        <Fundraising>94801</Fundraising>
      </OtherEmployeeBenefits>
      <PayrollTaxes>
        <Total>3579994</Total>
        <ProgramServices>2558977</ProgramServices>
        <ManagementAndGeneral>953224</ManagementAndGeneral>
        <Fundraising>67793</Fundraising>
      </PayrollTaxes>
      <FeesForServicesManagement>
        <Total>0</Total>
      </FeesForServicesManagement>
      <FeesForServicesLegal>
        <Total>424405</Total>
        <ManagementAndGeneral>424405</ManagementAndGeneral>
      </FeesForServicesLegal>
      <FeesForServicesAccounting>
        <Total>102095</Total>
        <ManagementAndGeneral>102095</ManagementAndGeneral>
      </FeesForServicesAccounting>
      <FeesForServicesLobbying>
        <Total>4616</Total>
        <ManagementAndGeneral>4616</ManagementAndGeneral>
      </FeesForServicesLobbying>
      <FeesForServicesProfFundraising>
        <Total>0</Total>
      </FeesForServicesProfFundraising>
      <FeesForServicesInvstMgmntFees>
        <Total>187025</Total>
        <ManagementAndGeneral>187025</ManagementAndGeneral>
      </FeesForServicesInvstMgmntFees>
      <FeesForServicesOther>
        <Total>32732435</Total>
        <ProgramServices>25210210</ProgramServices>
        <ManagementAndGeneral>7328713</ManagementAndGeneral>
        <Fundraising>193512</Fundraising>
      </FeesForServicesOther>
      <Advertising>
        <Total>972194</Total>
        <ProgramServices>70496</ProgramServices>
        <ManagementAndGeneral>881701</ManagementAndGeneral>
        <Fundraising>19997</Fundraising>
      </Advertising>
      <OfficeExpenses>
        <Total>3113473</Total>
        <ProgramServices>1823107</ProgramServices>
        <ManagementAndGeneral>1266248</ManagementAndGeneral>
        <Fundraising>24118</Fundraising>
      </OfficeExpenses>
      <InformationTechnology>
        <Total>241401</Total>
        <ProgramServices>79031</ProgramServices>
        <ManagementAndGeneral>145556</ManagementAndGeneral>
        <Fundraising>16814</Fundraising>
      </InformationTechnology>
      <Royalties>
        <Total>0</Total>
      </Royalties>
      <Occupancy>
        <Total>2593811</Total>
        <ProgramServices>1215204</ProgramServices>
        <ManagementAndGeneral>1378607</ManagementAndGeneral>
      </Occupancy>
      <Travel>
        <Total>212111</Total>
        <ProgramServices>106591</ProgramServices>
        <ManagementAndGeneral>96682</ManagementAndGeneral>
        <Fundraising>8838</Fundraising>
      </Travel>
      <TravelEntrtnmntPublicOfficials>
        <Total>0</Total>
      </TravelEntrtnmntPublicOfficials>
      <ConferencesMeetings>
        <Total>179853</Total>
        <ProgramServices>118667</ProgramServices>
        <ManagementAndGeneral>53401</ManagementAndGeneral>
        <Fundraising>7785</Fundraising>
      </ConferencesMeetings>
      <Interest>
        <Total>2477128</Total>
        <ProgramServices>2477128</ProgramServices>
      </Interest>
      <PaymentsToAffiliates>
        <Total>0</Total>
      </PaymentsToAffiliates>
      <DepreciationDepletion>
        <Total>9386600</Total>
        <ProgramServices>9192131</ProgramServices>
        <ManagementAndGeneral>194469</ManagementAndGeneral>
      </DepreciationDepletion>
      <Insurance>
        <Total>763786</Total>
        <ProgramServices>85839</ProgramServices>
        <ManagementAndGeneral>677947</ManagementAndGeneral>
      </Insurance>
      <OtherExpenses>
        <Description>BAD DEBT</Description>
        <Total>13213562</Total>
        <ProgramServices>13213562</ProgramServices>
        <ManagementAndGeneral>0</ManagementAndGeneral>
        <Fundraising>0</Fundraising>
      </OtherExpenses>
      <OtherExpenses>
        <Description>SUPPLIES</Description>
        <Total>22468318</Total>
        <ProgramServices>21935563</ProgramServices>
        <ManagementAndGeneral>521347</ManagementAndGeneral>
        <Fundraising>11408</Fundraising>
      </OtherExpenses>
      <OtherExpenses>
        <Description>REPAIRS &amp; MAINTENANCE</Description>
        <Total>3616821</Total>
        <ProgramServices>304754</ProgramServices>
        <ManagementAndGeneral>3312067</ManagementAndGeneral>
        <Fundraising>0</Fundraising>
      </OtherExpenses>
      <OtherExpenses>
        <Description>LICENSES &amp; DUES</Description>
        <Total>251324</Total>
        <ProgramServices>111925</ProgramServices>
        <ManagementAndGeneral>138227</ManagementAndGeneral>
        <Fundraising>1172</Fundraising>
      </OtherExpenses>
      <OtherExpenses>
        <Description>MISCELLANEOUS</Description>
        <Total>94820</Total>
        <ProgramServices>36832</ProgramServices>
        <ManagementAndGeneral>55622</ManagementAndGeneral>
        <Fundraising>2366</Fundraising>
      </OtherExpenses>
      <TotalFunctionalExpenses>
        <Total>150829574</Total>
        <ProgramServices>118895997</ProgramServices>
        <ManagementAndGeneral>30646222</ManagementAndGeneral>
        <Fundraising>1287355</Fundraising>
      </TotalFunctionalExpenses>
      <CashNonInterestBearing>
        <BOY>6304</BOY>
        <EOY>5989</EOY>
      </CashNonInterestBearing>
      <SavingsAndTempCashInvestments>
        <BOY>31617884</BOY>
        <EOY>27146406</EOY>
      </SavingsAndTempCashInvestments>
      <PledgesAndGrantsReceivable>
        <EOY>35000</EOY>
      </PledgesAndGrantsReceivable>
      <AccountsReceivable>
        <BOY>21497992</BOY>
        <EOY>22712804</EOY>
      </AccountsReceivable>
      <ReceivablesFromOfficersEtc>
        <BOY>718835</BOY>
        <EOY>450739</EOY>
      </ReceivablesFromOfficersEtc>
      <OtherNotesLoansReceivableNet>
        <BOY>498402</BOY>
        <EOY>630672</EOY>
      </OtherNotesLoansReceivableNet>
      <InventoriesForSaleOrUse>
        <BOY>5420880</BOY>
        <EOY>5964256</EOY>
      </InventoriesForSaleOrUse>
      <PrepaidExpensesDeferredCharges>
        <BOY>2152326</BOY>
        <EOY>1959484</EOY>
      </PrepaidExpensesDeferredCharges>
      <LandBuildingsEquipmentBasis>167168380</LandBuildingsEquipmentBasis>
      <LandBldgEquipmentAccumDeprec>80594162</LandBldgEquipmentAccumDeprec>
      <LandBuildingsEquipmentBasisNet>
        <BOY>86633481</BOY>
        <EOY>86574218</EOY>
      </LandBuildingsEquipmentBasisNet>
      <InvestmentsPubTradedSecurities>
        <BOY>4872263</BOY>
        <EOY>8463187</EOY>
      </InvestmentsPubTradedSecurities>
      <InvestmentsOtherSecurities>
        <BOY>20798170</BOY>
        <EOY>58582013</EOY>
      </InvestmentsOtherSecurities>
      <InvestmentsProgramRelated>
        <BOY>16582341</BOY>
        <EOY>10081417</EOY>
      </InvestmentsProgramRelated>
      <OtherAssetsTotal>
        <BOY>4602411</BOY>
        <EOY>3363568</EOY>
      </OtherAssetsTotal>
      <TotalAssets>
        <BOY>195401289</BOY>
        <EOY>225969753</EOY>
      </TotalAssets>
      <AccountsPayableAccruedExpenses>
        <BOY>19526643</BOY>
        <EOY>17681470</EOY>
      </AccountsPayableAccruedExpenses>
      <TaxExemptBondLiabilities>
        <BOY>39945000</BOY>
        <EOY>38515000</EOY>
      </TaxExemptBondLiabilities>
      <MortNotesPyblSecuredInvestProp>
        <BOY>6870380</BOY>
        <EOY>6459985</EOY>
      </MortNotesPyblSecuredInvestProp>
      <OtherLiabilities>
        <BOY>1354848</BOY>
        <EOY>0</EOY>
      </OtherLiabilities>
      <TotalLiabilities>
        <BOY>67696871</BOY>
        <EOY>62656455</EOY>
      </TotalLiabilities>
      <FollowSFAS117>X</FollowSFAS117>
      <UnrestrictedNetAssets>
        <BOY>118206038</BOY>
        <EOY>155217382</EOY>
      </UnrestrictedNetAssets>
      <TemporarilyRestrictedNetAssets>
        <BOY>6683344</BOY>
        <EOY>5280880</EOY>
      </TemporarilyRestrictedNetAssets>
      <PermanentlyRestrictedNetAssets>
        <BOY>2815036</BOY>
        <EOY>2815036</EOY>
      </PermanentlyRestrictedNetAssets>
      <TotalNetAssetsFundBalances>
        <BOY>127704418</BOY>
        <EOY>163313298</EOY>
      </TotalNetAssetsFundBalances>
      <TotalLiabNetAssetsFundBalances>
        <BOY>195401289</BOY>
        <EOY>225969753</EOY>
      </TotalLiabNetAssetsFundBalances>
      <MethodOfAccountingAccrual>X</MethodOfAccountingAccrual>
      <AccountantCompileOrReview>false</AccountantCompileOrReview>
      <FSAudited>true</FSAudited>
      <AuditCommittee>true</AuditCommittee>
      <FinancialStatementConsolidated>X</FinancialStatementConsolidated>
      <FederalGrantAuditRequired>false</FederalGrantAuditRequired>
    </IRS990>
    <IRS990ScheduleA documentId="IRS990ScheduleA">
      <Hospital170b1Aiii>X</Hospital170b1Aiii>
    </IRS990ScheduleA>
    <IRS990ScheduleB documentId="IRS990ScheduleB">
      <ContributorInfo>
        <ContributorNumber>RESTRICTED</ContributorNumber>
        <ContributorNameBusiness>
          <BusinessNameLine1>RESTRICTED</BusinessNameLine1>
        </ContributorNameBusiness>
        <ContributorAddressUS>
          <AddressLine1>RESTRICTED</AddressLine1>
          <AddressLine2>RESTRICTED</AddressLine2>
          <City>RESTRICTED</City>
          <State>RESTRICTED</State>
          <ZIPCode>RESTRICTED</ZIPCode>
        </ContributorAddressUS>
        <AggregateContributions>RESTRICTED</AggregateContributions>
      </ContributorInfo>
    </IRS990ScheduleB>
    <IRS990ScheduleC documentId="IRS990ScheduleC">
      <TotalGrassrootsLobbying />
      <TotalDirectLobbying />
      <TotalLobbyingExpenditures />
      <OtherExemptPurposeExpenditures />
      <TotalExemptPurposeExpenditures />
      <LobbyingNontaxableAmount />
      <GrassrootsNontaxableAmount />
      <TotLobbyingGrassrootMinusNonTx />
      <TotLobbyExpendMnsLobbyingNontx />
      <Volunteers>false</Volunteers>
      <PaidStaffOrManagement>false</PaidStaffOrManagement>
      <MediaAdvertisements>false</MediaAdvertisements>
      <MailingsMembers>false</MailingsMembers>
      <PublicationsOrBroadcast>false</PublicationsOrBroadcast>
      <GrantsOtherOrganizations>false</GrantsOtherOrganizations>
      <DirectContactLegislators>false</DirectContactLegislators>
      <RalliesDemonstrations>false</RalliesDemonstrations>
      <OtherActivities>true</OtherActivities>
      <OtherActivitiesAmount>4616</OtherActivitiesAmount>
      <TotalLobbyingExpendituresIIB>4616</TotalLobbyingExpendituresIIB>
      <NotDescribedIn501c3>false</NotDescribedIn501c3>
      <Form990ScheduleCPartIV>
        <Identifier>Part II-B, Line 1i</Identifier>
        <ReturnReference>Description of Other Activities</ReturnReference>
        <Explanation>A portion of the dues Vail Valley Medical Center pays to the American Hospital Association and Colorado Hospital Association are for lobbying activities.</Explanation>
      </Form990ScheduleCPartIV>
    </IRS990ScheduleC>
    <IRS990ScheduleD documentId="IRS990ScheduleD">
      <ArtPublicExhibitionAmts />
      <HeldWorksOfArtAmts />
      <CurrentYear>
        <BeginningOfYearBalance>9500480</BeginningOfYearBalance>
        <Contributions>206504</Contributions>
        <InvestmentEarningsOrLosses>-644015</InvestmentEarningsOrLosses>
        <OtherExpenditures>967053</OtherExpenditures>
        <EndOfYearBalance>8095916</EndOfYearBalance>
      </CurrentYear>
      <CurrentYearMinus1Year>
        <BeginningOfYearBalance>9528653</BeginningOfYearBalance>
        <Contributions>892572</Contributions>
        <InvestmentEarningsOrLosses>-27491</InvestmentEarningsOrLosses>
        <OtherExpenditures>893254</OtherExpenditures>
        <EndOfYearBalance>9500480</EndOfYearBalance>
      </CurrentYearMinus1Year>
      <BoardDesignatedEOYBalance>0.00000</BoardDesignatedEOYBalance>
      <PermanentEndowmentEOYBalance>0.34770</PermanentEndowmentEOYBalance>
      <TermEndowmentEOYBalance>0.65230</TermEndowmentEOYBalance>
      <EndowmentsHeldByUnrelatedOrgs>false</EndowmentsHeldByUnrelatedOrgs>
      <EndowmentsHeldByRelatedOrgs>false</EndowmentsHeldByRelatedOrgs>
      <Land>
        <OtherCostOrOtherBasis>1911102</OtherCostOrOtherBasis>
        <BookValue>1911102</BookValue>
      </Land>
      <Buildings>
        <OtherCostOrOtherBasis>93053331</OtherCostOrOtherBasis>
        <Depreciation>33925728</Depreciation>
        <BookValue>59127603</BookValue>
      </Buildings>
      <LeaseholdImprovements>
        <OtherCostOrOtherBasis>245674</OtherCostOrOtherBasis>
        <Depreciation>109773</Depreciation>
        <BookValue>135901</BookValue>
      </LeaseholdImprovements>
      <Equipment>
        <OtherCostOrOtherBasis>65891089</OtherCostOrOtherBasis>
        <Depreciation>45137171</Depreciation>
        <BookValue>20753918</BookValue>
      </Equipment>
      <OtherLandBuildings>
        <OtherCostOrOtherBasis>6067184</OtherCostOrOtherBasis>
        <Depreciation>1421490</Depreciation>
        <BookValue>4645694</BookValue>
      </OtherLandBuildings>
      <TotalOfBookValueLandBuildings>86574218</TotalOfBookValueLandBuildings>
      <FinancialDerivatives />
      <CloselyHeldEquityInterests />
      <OtherSecurities>
        <Description>ALTERNATIVE INVESTMENTS</Description>
        <BookValue>58582013</BookValue>
        <MethodOfValuation>F</MethodOfValuation>
      </OtherSecurities>
      <TotalOfBookValueSecurities>58582013</TotalOfBookValueSecurities>
      <FederalIncomeTaxLiability>0</FederalIncomeTaxLiability>
      <TotalOfAmounts>0</TotalOfAmounts>
      <TotalRevenue>187941053</TotalRevenue>
      <TotalExpenses>150829574</TotalExpenses>
      <ExcessOrDeficitForYear>37111479</ExcessOrDeficitForYear>
      <NetUnrealizedGLOnInvestments>1711650</NetUnrealizedGLOnInvestments>
      <OtherAmount>-3214249</OtherAmount>
      <TotalAdjustments>-1502599</TotalAdjustments>
      <ExcessOrDeficitPerFS>35608880</ExcessOrDeficitPerFS>
      <TotRevenueEtcAuditedFinclStmt>189487451</TotRevenueEtcAuditedFinclStmt>
      <NetUnrealizedGainsInvestments>1711650</NetUnrealizedGainsInvestments>
      <OtherRevenues>5557859</OtherRevenues>
      <RevenueNotRptdF990>7269509</RevenueNotRptdF990>
      <RevenueSubtotal>182217942</RevenueSubtotal>
      <OtherRevenuesNotIncluded>5723111</OtherRevenuesNotIncluded>
      <RevenueNotRptdOnFinStmt>5723111</RevenueNotRptdOnFinStmt>
      <TotalRevenuePerForm990>187941053</TotalRevenuePerForm990>
      <TotExpensesEtcAuditedFinclStmt>153878571</TotExpensesEtcAuditedFinclStmt>
      <OtherExpensesIncluded>3048997</OtherExpensesIncluded>
      <ExpensesNotRptdF990>3048997</ExpensesNotRptdF990>
      <ExpensesSubtotal>150829574</ExpensesSubtotal>
      <TotalExpensesPerForm990>150829574</TotalExpensesPerForm990>
      <Form990ScheduleDPartXIV>
        <Identifier>Part V, Line 4</Identifier>
        <ReturnReference>Describe the Intended uses of the organization's endowment funds</ReturnReference>
        <Explanation>Temporarily restricted net assets are those whose use has been limited by donors to a specific time period or purpose. Permanently restricted net assets have been restricted by donors to be maintained in perpetuity. The endowments have been restricted for the following purposes: (1) For support of Jack's Place, a Cancer Caring House. (2) For support of the programs and capital projects of Vail Valley Medical Center.</Explanation>
      </Form990ScheduleDPartXIV>
      <Form990ScheduleDPartXIV>
        <Identifier>Part X, Line 2</Identifier>
        <ReturnReference>Uncertain Tax Positions</ReturnReference>
        <Explanation>Management has evaluated their income tax positions under the guidance included in ASC 740. Based on their review, management has not identified any material uncertain tax positions to be recorded or disclosed in the financial statements.</Explanation>
      </Form990ScheduleDPartXIV>
      <Form990ScheduleDPartXIV>
        <Identifier>Part XI, Line 8</Identifier>
        <ReturnReference>Other Changes to Net Assets</ReturnReference>
        <Explanation>Beneficial Interest in Supporting Organizations (93,972) Book/Tax and Timing Difference on Investment in Vail Valley Surgery Center, LLC 2,508,862 Transfer of Net Assets From VHS Foundation (5,629,139) Total Other Changes (3,214,249)</Explanation>
      </Form990ScheduleDPartXIV>
      <Form990ScheduleDPartXIV>
        <Identifier>Part XII, Line 2d</Identifier>
        <ReturnReference>Other Revenue on Books, Not on Return</ReturnReference>
        <Explanation>Book/Tax and Timing Difference on Investment in Vail Valley Surgery Center, LLC 2,508,862 Rental Expenses Reclassed From Expense and Netted Against Revenue 3,035,042 Special Event Expenses Reclassed From Expense and Netted Against Revenue 13,955 Total 5,557,859</Explanation>
      </Form990ScheduleDPartXIV>
      <Form990ScheduleDPartXIV>
        <Identifier>Part XII, Line 4b</Identifier>
        <ReturnReference>Other Revenue on Return, Not on Books</ReturnReference>
        <Explanation>Beneficial Interest in Supporting Organizations 93,972 Transfer of Net Assets From VHS Foundation 5,629,139 Total 5,723,111</Explanation>
      </Form990ScheduleDPartXIV>
      <Form990ScheduleDPartXIV>
        <Identifier>Part XIII, Line 2d</Identifier>
        <ReturnReference>Other Expense on Books, Not on Return</ReturnReference>
        <Explanation>Rental Expenses Reclassed From Expense and Netted Against Revenue 3,035,042 Special Event Expenses Reclassed From Expense and Netted Against Revenue 13,955 Total 3,048,997</Explanation>
      </Form990ScheduleDPartXIV>
    </IRS990ScheduleD>
    <IRS990ScheduleF documentId="IRS990ScheduleF">
      <AcctsActvsOutUSTable>
        <Region>Central America and the Caribbean</Region>
        <NumberOfOffices>0</NumberOfOffices>
        <NumberOfEmployees>0</NumberOfEmployees>
        <TypeOfActivitiesConducted>Investments</TypeOfActivitiesConducted>
      </AcctsActvsOutUSTable>
      <TotalNumberOfOffices>0</TotalNumberOfOffices>
      <TotalNumberOfEmployees>0</TotalNumberOfEmployees>
    </IRS990ScheduleF>
    <IRS990ScheduleG documentId="IRS990ScheduleG">
      <EventsInformation>
        <NameOfEvent1>DINNER DANCE</NameOfEvent1>
        <GrossReceiptsEvent1>28500</GrossReceiptsEvent1>
        <CharitableContributionsEvent1>28500</CharitableContributionsEvent1>
        <NonCashPrizesEvent1>400</NonCashPrizesEvent1>
        <EntertainmentEvent1>3565</EntertainmentEvent1>
        <OtherDirectExpensesEvent1>5436</OtherDirectExpensesEvent1>
        <NameOfEvent2>HIKE WINE DINE</NameOfEvent2>
        <GrossReceiptsEvent2>35350</GrossReceiptsEvent2>
        <CharitableContributionsEvent2>29290</CharitableContributionsEvent2>
        <GrossRevenueEvent2>6060</GrossRevenueEvent2>
        <FoodAndBeverageEvent2>2400</FoodAndBeverageEvent2>
        <OtherDirectExpensesEvent2>2154</OtherDirectExpensesEvent2>
        <TotalNumberOfOtherEvents>0</TotalNumberOfOtherEvents>
        <GrossReceiptsTotal>63850</GrossReceiptsTotal>
        <CharitableContributionsTotal>57790</CharitableContributionsTotal>
        <GrossRevenueTotalEvents>6060</GrossRevenueTotalEvents>
        <NonCashPrizesTotalEvents>400</NonCashPrizesTotalEvents>
        <FoodAndBeverageTotalEvents>2400</FoodAndBeverageTotalEvents>
        <EntertainmentTotalEvents>3565</EntertainmentTotalEvents>
        <OtherDirectExpensesTotalEvents>7590</OtherDirectExpensesTotalEvents>
        <DirectExpenseSummaryEvents>13955</DirectExpenseSummaryEvents>
        <NetIncomeSummary>-7895</NetIncomeSummary>
      </EventsInformation>
    </IRS990ScheduleG>
    <IRS990ScheduleH documentId="IRS990ScheduleH">
      <CharityCarePolicy>true</CharityCarePolicy>
      <WrittenPolicy>true</WrittenPolicy>
      <FPGReferenceFreeCare>true</FPGReferenceFreeCare>
      <Pcent200>X</Pcent200>
      <FPGReferenceDiscountedCare>true</FPGReferenceDiscountedCare>
      <Pcent200D>X</Pcent200D>
      <FreeDiscCareMedicallyIndigent>false</FreeDiscCareMedicallyIndigent>
      <AmountsBudgetedForCharityCare>true</AmountsBudgetedForCharityCare>
      <ExpensesExceededBudget>false</ExpensesExceededBudget>
      <AnnualCommunityBenefitReport>true</AnnualCommunityBenefitReport>
      <ReportPublicallyAvailable>true</ReportPublicallyAvailable>
      <CharityCareAtCost>
        <TotalCommunityBenefitExpense>969200</TotalCommunityBenefitExpense>
        <NetCommunityBenefitExpense>969200</NetCommunityBenefitExpense>
        <PercentOfTotalExpense>0.00670</PercentOfTotalExpense>
      </CharityCareAtCost>
      <UnreimbursedMedicaid>
        <TotalCommunityBenefitExpense>8403173</TotalCommunityBenefitExpense>
        <DirectOffsettingRevenue>3886669</DirectOffsettingRevenue>
        <NetCommunityBenefitExpense>4516504</NetCommunityBenefitExpense>
        <PercentOfTotalExpense>0.03110</PercentOfTotalExpense>
      </UnreimbursedMedicaid>
      <TotalCharityCare>
        <TotalCommunityBenefitExpense>9372373</TotalCommunityBenefitExpense>
        <DirectOffsettingRevenue>3886669</DirectOffsettingRevenue>
        <NetCommunityBenefitExpense>5485704</NetCommunityBenefitExpense>
        <PercentOfTotalExpense>0.03780</PercentOfTotalExpense>
      </TotalCharityCare>
      <CommunityHealthServices>
        <TotalCommunityBenefitExpense>126667</TotalCommunityBenefitExpense>
        <NetCommunityBenefitExpense>126667</NetCommunityBenefitExpense>
        <PercentOfTotalExpense>0.00090</PercentOfTotalExpense>
      </CommunityHealthServices>
      <HealthProfessionsEducation>
        <TotalCommunityBenefitExpense>233039</TotalCommunityBenefitExpense>
        <NetCommunityBenefitExpense>233039</NetCommunityBenefitExpense>
        <PercentOfTotalExpense>0.00160</PercentOfTotalExpense>
      </HealthProfessionsEducation>
      <CashAndInKindContributions>
        <TotalCommunityBenefitExpense>5776139</TotalCommunityBenefitExpense>
        <NetCommunityBenefitExpense>5776139</NetCommunityBenefitExpense>
        <PercentOfTotalExpense>0.03980</PercentOfTotalExpense>
      </CashAndInKindContributions>
      <TotalOtherBenefits>
        <TotalCommunityBenefitExpense>6135845</TotalCommunityBenefitExpense>
        <NetCommunityBenefitExpense>6135845</NetCommunityBenefitExpense>
        <PercentOfTotalExpense>0.04230</PercentOfTotalExpense>
      </TotalOtherBenefits>
      <TotalCommunityBenefits>
        <TotalCommunityBenefitExpense>15508218</TotalCommunityBenefitExpense>
        <DirectOffsettingRevenue>3886669</DirectOffsettingRevenue>
        <NetCommunityBenefitExpense>11621549</NetCommunityBenefitExpense>
        <PercentOfTotalExpense>0.08010</PercentOfTotalExpense>
      </TotalCommunityBenefits>
      <BadDebtExpenseReported>true</BadDebtExpenseReported>
      <BadDebtExpenseAmount>7266953</BadDebtExpenseAmount>
      <AmountReimbursedByMedicare>12525099</AmountReimbursedByMedicare>
      <CostOfCareReimbursedByMedicare>23370640</CostOfCareReimbursedByMedicare>
      <MedicareSurplusOrShortfall>-10845541</MedicareSurplusOrShortfall>
      <CostingMethodologyUsed>
        <CostToChargeRatio>X</CostToChargeRatio>
      </CostingMethodologyUsed>
      <WrittenDebtCollectionPolicy>true</WrittenDebtCollectionPolicy>
      <ProvisionForCharityCare>true</ProvisionForCharityCare>
      <Form990ScheduleHPartIV>
        <NameOfEntity>
          <BusinessNameLine1>Vail Valley Surgery</BusinessNameLine1>
        </NameOfEntity>
        <DescriptionEntPrimaryActivity>Ambulatory Surgery Center</DescriptionEntPrimaryActivity>
        <OrganizationProfitOrOwnership>0.50175</OrganizationProfitOrOwnership>
        <OfficersEtcProfitOrOwnership>0.00000</OfficersEtcProfitOrOwnership>
        <PhysicansProfitOrOwnership>0.49825</PhysicansProfitOrOwnership>
      </Form990ScheduleHPartIV>
      <Form990ScheduleHPartV>
        <Name>
          <BusinessNameLine1>Vail Clinic Inc dba Vail Valley Medical</BusinessNameLine1>
        </Name>
        <Address>
          <AddressLine1>PO Box 40000</AddressLine1>
          <City>Vail</City>
          <State>CO</State>
          <ZIPCode>81658</ZIPCode>
        </Address>
        <LicensedHospital>X</LicensedHospital>
        <GeneralMedicalAndSurgical>X</GeneralMedicalAndSurgical>
        <Er24Hours>X</Er24Hours>
      </Form990ScheduleHPartV>
      <Form990ScheduleHPartV>
        <Name>
          <BusinessNameLine1>Avon Urgent Care</BusinessNameLine1>
        </Name>
        <Address>
          <AddressLine1>PO Box 40000</AddressLine1>
          <City>Vail</City>
          <State>CO</State>
          <ZIPCode>81658</ZIPCode>
        </Address>
        <Other>Community Clinic and Emergency Center</Other>
      </Form990ScheduleHPartV>
      <Form990ScheduleHPartV>
        <Name>
          <BusinessNameLine1>Vail Valley Home Health Care</BusinessNameLine1>
        </Name>
        <Address>
          <AddressLine1>PO Box 40000</AddressLine1>
          <City>Vail</City>
          <State>CO</State>
          <ZIPCode>81658</ZIPCode>
        </Address>
        <Other>Home Health Facility</Other>
      </Form990ScheduleHPartV>
      <Form990ScheduleHPartV>
        <Name>
          <BusinessNameLine1>Vail Valley Home Health &amp; Mntn Hospice</BusinessNameLine1>
        </Name>
        <Address>
          <AddressLine1>PO Box 40000</AddressLine1>
          <City>Vail</City>
          <State>CO</State>
          <ZIPCode>81658</ZIPCode>
        </Address>
        <Other>Hospice Facility</Other>
      </Form990ScheduleHPartV>
      <Form990ScheduleHPartV>
        <Name>
          <BusinessNameLine1>Vail Valley Surgery Center</BusinessNameLine1>
        </Name>
        <Address>
          <AddressLine1>PO Box 1270</AddressLine1>
          <City>Vail</City>
          <State>CO</State>
          <ZIPCode>81658</ZIPCode>
        </Address>
        <Other>Ambulatory Surgery Center</Other>
      </Form990ScheduleHPartV>
      <Form990ScheduleHPartV>
        <Name>
          <BusinessNameLine1>EagleCare Medical Clinic</BusinessNameLine1>
        </Name>
        <Address>
          <AddressLine1>PO Box 40000</AddressLine1>
          <City>Vail</City>
          <State>CO</State>
          <ZIPCode>81658</ZIPCode>
        </Address>
        <Other>Community Clinic</Other>
      </Form990ScheduleHPartV>
      <Form990ScheduleHPartV>
        <Name>
          <BusinessNameLine1>Gypsum Urgent Emergency Care</BusinessNameLine1>
        </Name>
        <Address>
          <AddressLine1>PO Box 40000</AddressLine1>
          <City>Vail</City>
          <State>CO</State>
          <ZIPCode>81658</ZIPCode>
        </Address>
        <ErOther>X</ErOther>
        <Other>Community Clinic &amp; Emergency Center</Other>
      </Form990ScheduleHPartV>
      <Form990ScheduleHPartV>
        <Name>
          <BusinessNameLine1>Beaver Creek Medical Center</BusinessNameLine1>
        </Name>
        <Address>
          <AddressLine1>PO Box 40000</AddressLine1>
          <City>Vail</City>
          <State>CO</State>
          <ZIPCode>81658</ZIPCode>
        </Address>
        <Other>Health Clinic for Beaver Creek Guests</Other>
      </Form990ScheduleHPartV>
      <Form990ScheduleHPartV>
        <Name>
          <BusinessNameLine1>Edwards Medical Center</BusinessNameLine1>
        </Name>
        <Address>
          <AddressLine1>PO Box 40000</AddressLine1>
          <City>Vail</City>
          <State>CO</State>
          <ZIPCode>81658</ZIPCode>
        </Address>
        <Other>Urology, Medical Clinic, &amp; Plastic Surgery</Other>
      </Form990ScheduleHPartV>
      <Form990ScheduleHPartV>
        <Name>
          <BusinessNameLine1>Shaw Pavilion (Edwards)</BusinessNameLine1>
        </Name>
        <Address>
          <AddressLine1>PO Box 40000</AddressLine1>
          <City>Vail</City>
          <State>CO</State>
          <ZIPCode>81658</ZIPCode>
        </Address>
        <Other>Cancer Center &amp; Physician Offices</Other>
      </Form990ScheduleHPartV>
      <Form990ScheduleHPartV>
        <Name>
          <BusinessNameLine1>Howard Head Physical Therapy</BusinessNameLine1>
        </Name>
        <Address>
          <AddressLine1>PO Box 40000</AddressLine1>
          <City>Vail</City>
          <State>CO</State>
          <ZIPCode>81658</ZIPCode>
        </Address>
        <Other>Physical Therapy</Other>
      </Form990ScheduleHPartV>
      <Form990ScheduleHPartVI>
        <CostingMethodUsed>The organization used a cost-to charge ratio for lines 7a and 7b. The cost-to-charge ratio was derived from Worksheet 2, Ratio of Patient Care Cost-to-Charges. The information for lines 7e through 7i was derived from information in the general ledger and other financial data related specifically to the various types of community benefits.</CostingMethodUsed>
        <PercentOfTotalExpenseExpln>Total bad debt expense removed from the denominator prior to the percentage calculation = $13,330,561</PercentOfTotalExpenseExpln>
        <BadDebtFootnote>The Organization reports patient accounts receivable for services rendered at net realizable amounts from third-party payors, patients, and others. The Organization provides an allowance for doubtful accounts based upon a review of outstanding receivables, historical collection information, and existing economic conditions. As a service to the patient, the Organization bills third-party payors directly and bills the patient when the patient's liability is determined. Accounts are considered delinquent and subsequently written off as bad debts based on individual credit evaluation and specific circumstances of the account. The bad debt expense reported on Part III line 2 was computed based on applying a cost-to-charge ratio to the total amount of bad debt expense reported on the audited financial statements. Added to this amount was the organization's share of their joint venture's bad debt expense, which was also multiplied by a cost-to-charge ratio. A number of patients are truly unable to pay their out-of-pocket liability but do not complete the process required to apply for financial assistance under the hospital's charity care policy. These patients would qualify for charity care if they completed the paperwork, so the bad debt expense associated with treating them should be treated as community benefit.</BadDebtFootnote>
        <ShortfallAsCommunityBenefit>IRS Revenue Ruling 69-545, which established the community benefit standard for nonprofit hospitals, states that if a hospital serves patients with government health benefits, including Medicare, then this is an indication that the hospital operates to promote the health of the community. This implies that treating Medicare patients is a community benefit. Our community includes patients covered by Medicare. We should get credit for the reimbursement shortfall that results from serving this segment of our community. The Medicare allowable cost computation includes the costs for both the medical center as well as the medical center's applicable share of their joint venture's costs. The medical center's Medicare allowable cost is derived from the Medicare cost report. The joint venture's Medicare allowable cost is computed using a cost-to-charge ratio. The Medicare cost computed for the joint venture is $612,355. The remaining 22,758,285 of allowable cost is from the medical center's Medicare cost report.</ShortfallAsCommunityBenefit>
        <DebtCollectionPolicy>Self pay patients are screened by VVMC's financial counselor to see if they qualify for financial assistance. If a patient qualifies for financial assistance, their account balance is adjusted accordingly. If there is a balance after the adjustment, the account follows the normal debt collection practice.</DebtCollectionPolicy>
        <NeedsAssessment>We look at the population and benchmark productivity data to determine the demand in our primary service area by physician specialty. Then we look at market data to determine the current number of providers in our primary service area. If we identify a shortage of providers then we work to hire providers in our practices to meet the identified need.</NeedsAssessment>
        <PatientEducationAssistance>Contact information for our financial counselor is provided on both our billing statements and on our website. Additionally, patients contacting the Hospital through Customer Service or Patient Accounting are directed to the financial counselor for assistance.</PatientEducationAssistance>
        <CommunityInformation>Our primary service area is in Eagle County and the surrounding four county region in the rural mountains of Colorado. Many patients drive up to 70 - 80 miles to access our services. We have several clinics located throughout our Primary Service Area providing Urgent Care, Emergency Services, and Physical Rehab to make our services more accessible. We also get roughly 10-15% of our business from out-of-state tourists, and 8-10% of our business from Colorado Front Range residents visiting our resort community.</CommunityInformation>
        <OtherInformation>Information important to describing how the organization furthers its exempt purpose by promoting the health of the community: We provide several free &amp; low cost general health screenings, cardiac screenings, and cancer screenings to the community. We also provide free education in schools and community meetings for a variety of topics including: Head and spinal cord injury prevention programs, Helmet Safety, Car Seat Safety, Diabetes, Heart Health, and Nutrition. We participate in Community Coalition Building meetings in town halls and county meetings. We contribute to Disaster Preparedness planning and training with law enforcement, fire departments, county health officials, schools, and other health care providers in the community. We also participate in County Flu Coalition planning. We provide on-the-job training for Nursing, ADN, EMT, and Paramedic Students from Colorado Mountain College in our facilities. We also offer a safe drug disposal program. We recognize cancer survivors at our local county rodeo. We offer Fit for Survival, an exercise program for cancer patients. We have a team of nutrition experts who help the community protect itself against cancer through its presence at local health fairs, publishing nutrition articles in the local paper, and offering monthly cooking classes, cancer support programs,and groups. Jack's Place is our cancer caring house that allows convenient and comfortable accommodations for cancer patients, caregivers, and family members free of charge. Yoga and tai chi classes are also offered at Jack's Place. The Arts in Healing Program provides regular musical performances, visual art exhibits and workshops, and performances to enhance the overall healthcare environment for our patients, visitors and staff. We also participate in Pet Partners, a therapy animal program. We offer childbirth and lactation classes to the community. Surplus funds are used to invest in community needs - recently a new Urgent/Emergent Care facility in Gypsum was opened and construction was started on a new ambulatory surgery center in Edwards, as well as investment in new medical equipment. We donated $300,000 to fund orthopedic research, donated over $50,000 to treat US Ski Team sports injuries, and partially funded the salaries and other expenses of local school athletic trainers to promote local athlete development. States with which the organization filed a community benefit report: A community benefit report is filed in Colorado.</OtherInformation>
      </Form990ScheduleHPartVI>
    </IRS990ScheduleH>
    <IRS990ScheduleI documentId="IRS990ScheduleI">
      <RecordsMaintained>true</RecordsMaintained>
      <RecipientTable>
        <RecipientNameBusiness>
          <BusinessNameLine1>STEADMAN PHILLIPON RESEARCH FOUNDATION</BusinessNameLine1>
        </RecipientNameBusiness>
        <AddressUS>
          <AddressLine1>181 W MEADOW DR STE 1000</AddressLine1>
          <City>VAIL</City>
          <State>CO</State>
          <ZIPCode>81657</ZIPCode>
        </AddressUS>
        <EINOfRecipient>880245022</EINOfRecipient>
        <IRCSection>501(C)(3)</IRCSection>
        <AmountOfCashGrant>300000</AmountOfCashGrant>
        <PurposeOfGrant>MEDICAL RESEARCH</PurposeOfGrant>
      </RecipientTable>
      <RecipientTable>
        <RecipientNameBusiness>
          <BusinessNameLine1>REHAB &amp; PERF AT VAIL LLC-HOWARD HEAD SPORTS MED</BusinessNameLine1>
        </RecipientNameBusiness>
        <AddressUS>
          <AddressLine1>PO Box 5693</AddressLine1>
          <City>VAIL</City>
          <State>CO</State>
          <ZIPCode>81658</ZIPCode>
        </AddressUS>
        <EINOfRecipient>201909902</EINOfRecipient>
        <AmountOfCashGrant>53333</AmountOfCashGrant>
        <PurposeOfGrant>PHYSICAL THERAPY US SKI TEAM</PurposeOfGrant>
      </RecipientTable>
      <RecipientTable>
        <RecipientNameBusiness>
          <BusinessNameLine1>STEADMAN PHILLIPON RESEARCH FOUNDATION</BusinessNameLine1>
        </RecipientNameBusiness>
        <AddressUS>
          <AddressLine1>181 W MEADOW DR STE 1000</AddressLine1>
          <City>VAIL</City>
          <State>CO</State>
          <ZIPCode>81657</ZIPCode>
        </AddressUS>
        <EINOfRecipient>880245022</EINOfRecipient>
        <IRCSection>501(C)(3)</IRCSection>
        <AmountOfCashGrant>35000</AmountOfCashGrant>
        <PurposeOfGrant>GOLF SPONSORSHIP</PurposeOfGrant>
      </RecipientTable>
      <RecipientTable>
        <RecipientNameBusiness>
          <BusinessNameLine1>SUSAN G KOMEN FOR THE CURE-ASPEN AFFILIATE</BusinessNameLine1>
        </RecipientNameBusiness>
        <AddressUS>
          <AddressLine1>PO BOX 4810</AddressLine1>
          <City>ASPEN</City>
          <State>CO</State>
          <ZIPCode>81612</ZIPCode>
        </AddressUS>
        <EINOfRecipient>841160739</EINOfRecipient>
        <IRCSection>501(C)(3)</IRCSection>
        <AmountOfCashGrant>20000</AmountOfCashGrant>
        <PurposeOfGrant>CANCER SPONSORSHIP</PurposeOfGrant>
      </RecipientTable>
      <RecipientTable>
        <RecipientNameBusiness>
          <BusinessNameLine1>COLORADO WEST REGIONAL MENTAL HEALTH</BusinessNameLine1>
        </RecipientNameBusiness>
        <AddressUS>
          <AddressLine1>PO BOX 40</AddressLine1>
          <City>GLENWOOD SPGS</City>
          <State>CO</State>
          <ZIPCode>81602</ZIPCode>
        </AddressUS>
        <EINOfRecipient>840625890</EINOfRecipient>
        <IRCSection>501(C)(3)</IRCSection>
        <AmountOfCashGrant>5481</AmountOfCashGrant>
        <PurposeOfGrant>EAGLE COUNTY SOCIAL DETOXIFICATION PROGRAM SUPPORT</PurposeOfGrant>
      </RecipientTable>
      <RecipientTable>
        <RecipientNameBusiness>
          <BusinessNameLine1>EAGLE COUNTY AMBULANCE DISTRCT</BusinessNameLine1>
        </RecipientNameBusiness>
        <AddressUS>
          <AddressLine1>PO BOX 990</AddressLine1>
          <City>EDWARDS</City>
          <State>CO</State>
          <ZIPCode>81632</ZIPCode>
        </AddressUS>
        <EINOfRecipient>846000762</EINOfRecipient>
        <IRCSection>GOVERNMENT</IRCSection>
        <AmountOfCashGrant>15000</AmountOfCashGrant>
        <PurposeOfGrant>LAST CALL DONATION</PurposeOfGrant>
      </RecipientTable>
      <RecipientTable>
        <RecipientNameBusiness>
          <BusinessNameLine1>VVMC DIVERSIFIED SERVICES</BusinessNameLine1>
        </RecipientNameBusiness>
        <AddressUS>
          <AddressLine1>PO BOX 40000</AddressLine1>
          <City>VAIL</City>
          <State>CO</State>
          <ZIPCode>81658</ZIPCode>
        </AddressUS>
        <EINOfRecipient>261167922</EINOfRecipient>
        <IRCSection>501(C)(3)</IRCSection>
        <AmountOfCashGrant>5300000</AmountOfCashGrant>
        <PurposeOfGrant>SUPPORT PROGRAMS</PurposeOfGrant>
      </RecipientTable>
      <TotalNbrOf501C3AndGovtGrants>5</TotalNbrOf501C3AndGovtGrants>
      <TotalNbrOfOtherOrganizations>1</TotalNbrOfOtherOrganizations>
      <Form990ScheduleIPartIV>
        <Identifier>PART I, QUESTION 2</Identifier>
        <ReturnReference>PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS TO U.S.</ReturnReference>
        <Explanation>DIRECTORS AND OFFICERS REGULARLY MEET WITH GRANT RECIPIENTS TO INSPECT AND MONITOR ACTIVITIES AND USAGE OF FUNDS.</Explanation>
      </Form990ScheduleIPartIV>
    </IRS990ScheduleI>
    <IRS990ScheduleJ documentId="IRS990ScheduleJ">
      <IdemnificationGrossUpPayments>X</IdemnificationGrossUpPayments>
      <WrittenPolicyReTAndEExpenses>true</WrittenPolicyReTAndEExpenses>
      <SubstantiationRequired>true</SubstantiationRequired>
      <CompensationCommittee>X</CompensationCommittee>
      <IndependentConsultant>X</IndependentConsultant>
      <WrittenEmploymentContract>X</WrittenEmploymentContract>
      <CompensationSurvey>X</CompensationSurvey>
      <BoardOrCommitteeApproval>X</BoardOrCommitteeApproval>
      <SeverancePayment>true</SeverancePayment>
      <SupplementalNonqualRetirePlan>true</SupplementalNonqualRetirePlan>
      <EquityBasedCompArrangement>false</EquityBasedCompArrangement>
      <CompBasedOnRevenueOfFilingOrg>false</CompBasedOnRevenueOfFilingOrg>
      <CompBasedOnRevenueRelatedOrgs>false</CompBasedOnRevenueRelatedOrgs>
      <CompBasedNetEarningsFilingOrg>false</CompBasedNetEarningsFilingOrg>
      <CompBasedNetEarningsRelateOrgs>false</CompBasedNetEarningsRelateOrgs>
      <AnyNonFixedPayments>true</AnyNonFixedPayments>
      <InitialContractException>false</InitialContractException>
      <Form990ScheduleJPartII>
        <NamePerson>DORIS KIRCHNER</NamePerson>
        <BaseCompensationFilingOrg>342029</BaseCompensationFilingOrg>
        <CompBasedOnRelatedOrgs>0</CompBasedOnRelatedOrgs>
        <BonusFilingOrg>61201</BonusFilingOrg>
        <BonusRelatedOrgs>0</BonusRelatedOrgs>
        <OtherCompensationFilingOrg>2202</OtherCompensationFilingOrg>
        <OtherCompensationRelatedOrgs>0</OtherCompensationRelatedOrgs>
        <DeferredCompFilingOrg>24474</DeferredCompFilingOrg>
        <DeferredCompRelatedOrgs>0</DeferredCompRelatedOrgs>
        <NontaxableBenefitsFilingOrg>17888</NontaxableBenefitsFilingOrg>
        <NontaxableBenefitsRelatedOrgs>0</NontaxableBenefitsRelatedOrgs>
        <TotalCompensationFilingOrg>447794</TotalCompensationFilingOrg>
        <TotalCompensationRelatedOrgs>0</TotalCompensationRelatedOrgs>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartII>
        <NamePerson>CHARLES CREVLING</NamePerson>
        <BaseCompensationFilingOrg>261654</BaseCompensationFilingOrg>
        <CompBasedOnRelatedOrgs>0</CompBasedOnRelatedOrgs>
        <BonusFilingOrg>75000</BonusFilingOrg>
        <BonusRelatedOrgs>0</BonusRelatedOrgs>
        <OtherCompensationFilingOrg>25815</OtherCompensationFilingOrg>
        <OtherCompensationRelatedOrgs>0</OtherCompensationRelatedOrgs>
        <DeferredCompFilingOrg>32784</DeferredCompFilingOrg>
        <DeferredCompRelatedOrgs>0</DeferredCompRelatedOrgs>
        <NontaxableBenefitsFilingOrg>20550</NontaxableBenefitsFilingOrg>
        <NontaxableBenefitsRelatedOrgs>0</NontaxableBenefitsRelatedOrgs>
        <TotalCompensationFilingOrg>415804</TotalCompensationFilingOrg>
        <TotalCompensationRelatedOrgs>0</TotalCompensationRelatedOrgs>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartII>
        <NamePerson>DENISE TRIBA</NamePerson>
        <BaseCompensationFilingOrg>215381</BaseCompensationFilingOrg>
        <CompBasedOnRelatedOrgs>0</CompBasedOnRelatedOrgs>
        <BonusFilingOrg>42194</BonusFilingOrg>
        <BonusRelatedOrgs>0</BonusRelatedOrgs>
        <OtherCompensationFilingOrg>1082</OtherCompensationFilingOrg>
        <OtherCompensationRelatedOrgs>0</OtherCompensationRelatedOrgs>
        <DeferredCompFilingOrg>7033</DeferredCompFilingOrg>
        <DeferredCompRelatedOrgs>0</DeferredCompRelatedOrgs>
        <NontaxableBenefitsFilingOrg>15031</NontaxableBenefitsFilingOrg>
        <NontaxableBenefitsRelatedOrgs>0</NontaxableBenefitsRelatedOrgs>
        <TotalCompensationFilingOrg>280720</TotalCompensationFilingOrg>
        <TotalCompensationRelatedOrgs>0</TotalCompensationRelatedOrgs>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartII>
        <NamePerson>JOHN CASSIN</NamePerson>
        <BaseCompensationFilingOrg>254035</BaseCompensationFilingOrg>
        <CompBasedOnRelatedOrgs>0</CompBasedOnRelatedOrgs>
        <BonusFilingOrg>0</BonusFilingOrg>
        <BonusRelatedOrgs>0</BonusRelatedOrgs>
        <OtherCompensationFilingOrg>260521</OtherCompensationFilingOrg>
        <OtherCompensationRelatedOrgs>0</OtherCompensationRelatedOrgs>
        <DeferredCompFilingOrg>22595</DeferredCompFilingOrg>
        <DeferredCompRelatedOrgs>0</DeferredCompRelatedOrgs>
        <NontaxableBenefitsFilingOrg>12599</NontaxableBenefitsFilingOrg>
        <NontaxableBenefitsRelatedOrgs>0</NontaxableBenefitsRelatedOrgs>
        <TotalCompensationFilingOrg>549750</TotalCompensationFilingOrg>
        <TotalCompensationRelatedOrgs>0</TotalCompensationRelatedOrgs>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartII>
        <NamePerson>KEVIN LAWLOR</NamePerson>
        <BaseCompensationFilingOrg>193573</BaseCompensationFilingOrg>
        <CompBasedOnRelatedOrgs>0</CompBasedOnRelatedOrgs>
        <BonusFilingOrg>41159</BonusFilingOrg>
        <BonusRelatedOrgs>0</BonusRelatedOrgs>
        <OtherCompensationFilingOrg>28654</OtherCompensationFilingOrg>
        <OtherCompensationRelatedOrgs>0</OtherCompensationRelatedOrgs>
        <DeferredCompFilingOrg>14300</DeferredCompFilingOrg>
        <DeferredCompRelatedOrgs>0</DeferredCompRelatedOrgs>
        <NontaxableBenefitsFilingOrg>27659</NontaxableBenefitsFilingOrg>
        <NontaxableBenefitsRelatedOrgs>0</NontaxableBenefitsRelatedOrgs>
        <TotalCompensationFilingOrg>305346</TotalCompensationFilingOrg>
        <TotalCompensationRelatedOrgs>0</TotalCompensationRelatedOrgs>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartII>
        <NamePerson>STAN ANDERSON</NamePerson>
        <BaseCompensationFilingOrg>46280</BaseCompensationFilingOrg>
        <CompBasedOnRelatedOrgs>0</CompBasedOnRelatedOrgs>
        <BonusFilingOrg>0</BonusFilingOrg>
        <BonusRelatedOrgs>0</BonusRelatedOrgs>
        <OtherCompensationFilingOrg>200722</OtherCompensationFilingOrg>
        <OtherCompensationRelatedOrgs>0</OtherCompensationRelatedOrgs>
        <DeferredCompFilingOrg>155754</DeferredCompFilingOrg>
        <DeferredCompRelatedOrgs>0</DeferredCompRelatedOrgs>
        <NontaxableBenefitsFilingOrg>4504</NontaxableBenefitsFilingOrg>
        <NontaxableBenefitsRelatedOrgs>0</NontaxableBenefitsRelatedOrgs>
        <TotalCompensationFilingOrg>407259</TotalCompensationFilingOrg>
        <TotalCompensationRelatedOrgs>0</TotalCompensationRelatedOrgs>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartII>
        <NamePerson>CHRIS SMITH</NamePerson>
        <BaseCompensationFilingOrg>204391</BaseCompensationFilingOrg>
        <CompBasedOnRelatedOrgs>0</CompBasedOnRelatedOrgs>
        <BonusFilingOrg>0</BonusFilingOrg>
        <BonusRelatedOrgs>0</BonusRelatedOrgs>
        <OtherCompensationFilingOrg>75854</OtherCompensationFilingOrg>
        <OtherCompensationRelatedOrgs>0</OtherCompensationRelatedOrgs>
        <DeferredCompFilingOrg>219849</DeferredCompFilingOrg>
        <DeferredCompRelatedOrgs>0</DeferredCompRelatedOrgs>
        <NontaxableBenefitsFilingOrg>18400</NontaxableBenefitsFilingOrg>
        <NontaxableBenefitsRelatedOrgs>0</NontaxableBenefitsRelatedOrgs>
        <TotalCompensationFilingOrg>518493</TotalCompensationFilingOrg>
        <TotalCompensationRelatedOrgs>0</TotalCompensationRelatedOrgs>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartII>
        <NamePerson>GREGORY REPETTI</NamePerson>
        <BaseCompensationFilingOrg>0</BaseCompensationFilingOrg>
        <CompBasedOnRelatedOrgs>0</CompBasedOnRelatedOrgs>
        <BonusFilingOrg>0</BonusFilingOrg>
        <BonusRelatedOrgs>0</BonusRelatedOrgs>
        <OtherCompensationFilingOrg>431583</OtherCompensationFilingOrg>
        <OtherCompensationRelatedOrgs>0</OtherCompensationRelatedOrgs>
        <DeferredCompFilingOrg>124800</DeferredCompFilingOrg>
        <DeferredCompRelatedOrgs>0</DeferredCompRelatedOrgs>
        <NontaxableBenefitsFilingOrg>0</NontaxableBenefitsFilingOrg>
        <NontaxableBenefitsRelatedOrgs>0</NontaxableBenefitsRelatedOrgs>
        <TotalCompensationFilingOrg>556383</TotalCompensationFilingOrg>
        <TotalCompensationRelatedOrgs>0</TotalCompensationRelatedOrgs>
        <CompReportPrior990FilingOrg>343200</CompReportPrior990FilingOrg>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartII>
        <NamePerson>PATRICIA HARDENBERGH MD</NamePerson>
        <BaseCompensationFilingOrg>550144</BaseCompensationFilingOrg>
        <CompBasedOnRelatedOrgs>0</CompBasedOnRelatedOrgs>
        <BonusFilingOrg>99345</BonusFilingOrg>
        <BonusRelatedOrgs>0</BonusRelatedOrgs>
        <OtherCompensationFilingOrg>2615</OtherCompensationFilingOrg>
        <OtherCompensationRelatedOrgs>0</OtherCompensationRelatedOrgs>
        <DeferredCompFilingOrg>27719</DeferredCompFilingOrg>
        <DeferredCompRelatedOrgs>0</DeferredCompRelatedOrgs>
        <NontaxableBenefitsFilingOrg>19929</NontaxableBenefitsFilingOrg>
        <NontaxableBenefitsRelatedOrgs>0</NontaxableBenefitsRelatedOrgs>
        <TotalCompensationFilingOrg>699752</TotalCompensationFilingOrg>
        <TotalCompensationRelatedOrgs>0</TotalCompensationRelatedOrgs>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartII>
        <NamePerson>JEFFREY RESNICK MD</NamePerson>
        <BaseCompensationFilingOrg>520645</BaseCompensationFilingOrg>
        <CompBasedOnRelatedOrgs>0</CompBasedOnRelatedOrgs>
        <BonusFilingOrg>20000</BonusFilingOrg>
        <BonusRelatedOrgs>0</BonusRelatedOrgs>
        <OtherCompensationFilingOrg>2256</OtherCompensationFilingOrg>
        <OtherCompensationRelatedOrgs>0</OtherCompensationRelatedOrgs>
        <DeferredCompFilingOrg>53650</DeferredCompFilingOrg>
        <DeferredCompRelatedOrgs>0</DeferredCompRelatedOrgs>
        <NontaxableBenefitsFilingOrg>14563</NontaxableBenefitsFilingOrg>
        <NontaxableBenefitsRelatedOrgs>0</NontaxableBenefitsRelatedOrgs>
        <TotalCompensationFilingOrg>611114</TotalCompensationFilingOrg>
        <TotalCompensationRelatedOrgs>0</TotalCompensationRelatedOrgs>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartII>
        <NamePerson>ALEXANDER URQUHART MD</NamePerson>
        <BaseCompensationFilingOrg>450405</BaseCompensationFilingOrg>
        <CompBasedOnRelatedOrgs>0</CompBasedOnRelatedOrgs>
        <BonusFilingOrg>40000</BonusFilingOrg>
        <BonusRelatedOrgs>0</BonusRelatedOrgs>
        <OtherCompensationFilingOrg>38676</OtherCompensationFilingOrg>
        <OtherCompensationRelatedOrgs>0</OtherCompensationRelatedOrgs>
        <DeferredCompFilingOrg>36442</DeferredCompFilingOrg>
        <DeferredCompRelatedOrgs>0</DeferredCompRelatedOrgs>
        <NontaxableBenefitsFilingOrg>25890</NontaxableBenefitsFilingOrg>
        <NontaxableBenefitsRelatedOrgs>0</NontaxableBenefitsRelatedOrgs>
        <TotalCompensationFilingOrg>591413</TotalCompensationFilingOrg>
        <TotalCompensationRelatedOrgs>0</TotalCompensationRelatedOrgs>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartII>
        <NamePerson>LAWRENCE GAUL MD</NamePerson>
        <BaseCompensationFilingOrg>401285</BaseCompensationFilingOrg>
        <CompBasedOnRelatedOrgs>0</CompBasedOnRelatedOrgs>
        <BonusFilingOrg>27700</BonusFilingOrg>
        <BonusRelatedOrgs>0</BonusRelatedOrgs>
        <OtherCompensationFilingOrg>1333</OtherCompensationFilingOrg>
        <OtherCompensationRelatedOrgs>0</OtherCompensationRelatedOrgs>
        <DeferredCompFilingOrg>38689</DeferredCompFilingOrg>
        <DeferredCompRelatedOrgs>0</DeferredCompRelatedOrgs>
        <NontaxableBenefitsFilingOrg>19148</NontaxableBenefitsFilingOrg>
        <NontaxableBenefitsRelatedOrgs>0</NontaxableBenefitsRelatedOrgs>
        <TotalCompensationFilingOrg>488155</TotalCompensationFilingOrg>
        <TotalCompensationRelatedOrgs>0</TotalCompensationRelatedOrgs>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartII>
        <NamePerson>GRANVILLE LLOYD MD</NamePerson>
        <BaseCompensationFilingOrg>230227</BaseCompensationFilingOrg>
        <CompBasedOnRelatedOrgs>0</CompBasedOnRelatedOrgs>
        <BonusFilingOrg>132670</BonusFilingOrg>
        <BonusRelatedOrgs>0</BonusRelatedOrgs>
        <OtherCompensationFilingOrg>43632</OtherCompensationFilingOrg>
        <OtherCompensationRelatedOrgs>0</OtherCompensationRelatedOrgs>
        <DeferredCompFilingOrg>29793</DeferredCompFilingOrg>
        <DeferredCompRelatedOrgs>0</DeferredCompRelatedOrgs>
        <NontaxableBenefitsFilingOrg>8170</NontaxableBenefitsFilingOrg>
        <NontaxableBenefitsRelatedOrgs>0</NontaxableBenefitsRelatedOrgs>
        <TotalCompensationFilingOrg>444493</TotalCompensationFilingOrg>
        <TotalCompensationRelatedOrgs>0</TotalCompensationRelatedOrgs>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartII>
        <NamePerson>TOMMY MARS</NamePerson>
        <BaseCompensationFilingOrg>190404</BaseCompensationFilingOrg>
        <CompBasedOnRelatedOrgs>0</CompBasedOnRelatedOrgs>
        <BonusFilingOrg>38500</BonusFilingOrg>
        <BonusRelatedOrgs>0</BonusRelatedOrgs>
        <OtherCompensationFilingOrg>1481</OtherCompensationFilingOrg>
        <OtherCompensationRelatedOrgs>0</OtherCompensationRelatedOrgs>
        <DeferredCompFilingOrg>7736</DeferredCompFilingOrg>
        <DeferredCompRelatedOrgs>0</DeferredCompRelatedOrgs>
        <NontaxableBenefitsFilingOrg>20090</NontaxableBenefitsFilingOrg>
        <NontaxableBenefitsRelatedOrgs>0</NontaxableBenefitsRelatedOrgs>
        <TotalCompensationFilingOrg>258211</TotalCompensationFilingOrg>
        <TotalCompensationRelatedOrgs>0</TotalCompensationRelatedOrgs>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartII>
        <NamePerson>JACK ECK</NamePerson>
        <BaseCompensationFilingOrg>310347</BaseCompensationFilingOrg>
        <CompBasedOnRelatedOrgs>0</CompBasedOnRelatedOrgs>
        <BonusFilingOrg>0</BonusFilingOrg>
        <BonusRelatedOrgs>0</BonusRelatedOrgs>
        <OtherCompensationFilingOrg>4835</OtherCompensationFilingOrg>
        <OtherCompensationRelatedOrgs>0</OtherCompensationRelatedOrgs>
        <DeferredCompFilingOrg>26386</DeferredCompFilingOrg>
        <DeferredCompRelatedOrgs>0</DeferredCompRelatedOrgs>
        <NontaxableBenefitsFilingOrg>17882</NontaxableBenefitsFilingOrg>
        <NontaxableBenefitsRelatedOrgs>0</NontaxableBenefitsRelatedOrgs>
        <TotalCompensationFilingOrg>359449</TotalCompensationFilingOrg>
        <TotalCompensationRelatedOrgs>0</TotalCompensationRelatedOrgs>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartIII>
        <Identifier>INFORMATION REGARDING BENEFITS PROVIDED</Identifier>
        <ReturnReference>PART I, QUESTION 1A</ReturnReference>
        <Explanation>TAX INDEMNIFICATION AND GROSS UP PAYMENTS INCLUDED ON W-2'S AS TAXABLE COMPENSATION: KEVIN LAWLOR, ALEXANDER URQUHART, GRANVILLE LLOYD, CHARLES CREVLING.</Explanation>
      </Form990ScheduleJPartIII>
      <Form990ScheduleJPartIII>
        <Identifier>NAMES, AMOUNTS, AND DETAILS OF ARRANGEMENTS</Identifier>
        <ReturnReference>PART 1, QUESTION 4</ReturnReference>
        <Explanation>JOHN CASSIN SEVERANCE $218,905 GREG REPETTI SEVERANCE $421,200 STAN ANDERSON SEVERANCE $181,675 CHRIS SMITH SEVERANCE $46,892 DORIS KIRCHNER SERP 457(F) $0 JOHN CASSIN SERP 457(F) - TERMINATED PRIOR TO THE FIRST SERP FUNDING DATE OF AUGUST 1, 2009.</Explanation>
      </Form990ScheduleJPartIII>
      <Form990ScheduleJPartIII>
        <Identifier>NON-FIXED PAYMENTS- OFFICERS, DIRECTORS, OR HIGHEST COMPENSATED EMPLOYEES</Identifier>
        <ReturnReference>PART 1 QUESTION 7</ReturnReference>
        <Explanation>INCENTIVE BONUSES ARE CALCULATED AS A PERCENT OF BASE COMPENSATION. THE DETERMINATION OF WHETHER OR NOT A PAYOUT IS MADE IS BASED ON COMPANY FINANCIAL PERFORMANCE AND ON INDIVIDUAL PERFORMANCE REVIEWS CONDUCTED BY THE CEO AND THE COMPENSATION COMMITTEE. PHYSICIAN PRODUCTIVITY BONUSES ARE PAID BASED ON RELATIVE VALUE UNITS (RVU'S) WHICH ARE AN INDICATION OF THE EMPLOYEE'S PRODUCTIVITY OR LEVEL OF EFFORT.</Explanation>
      </Form990ScheduleJPartIII>
    </IRS990ScheduleJ>
    <IRS990ScheduleK documentId="IRS990ScheduleK">
      <Form990ScheduleKPartI>
        <IssuerName>
          <BusinessNameLine1>COLORADO HEALTH FACILITIES AUTHORITY</BusinessNameLine1>
        </IssuerName>
        <IssuerEIN>840752932</IssuerEIN>
        <CUSIPNumber>196474U73</CUSIPNumber>
        <DateIssued>2004-12-07</DateIssued>
        <IssuePrice>24931419</IssuePrice>
        <DescriptionOfPurpose>REFUND SERIES 1995A AND 1996 BONDS</DescriptionOfPurpose>
        <Defeased>false</Defeased>
        <OnBehalfOfIssuer>false</OnBehalfOfIssuer>
      </Form990ScheduleKPartI>
      <Form990ScheduleKPartII>
        <TotalProceeds>24931419</TotalProceeds>
        <AmountInReserveFund>2435377</AmountInReserveFund>
        <AmountDefeased>22124836</AmountDefeased>
        <IssuanceCostsFromProceeds>426380</IssuanceCostsFromProceeds>
        <YearOfSubstCompletion>2005</YearOfSubstCompletion>
        <CurrentRefunding>true</CurrentRefunding>
        <AdvanceRefunding>true</AdvanceRefunding>
        <FinalAllocationMade>true</FinalAllocationMade>
        <AdequateBooksAndRecdsMaintaind>true</AdequateBooksAndRecdsMaintaind>
      </Form990ScheduleKPartII>
      <Form990ScheduleKPartIV>
        <Form8038TFiled>false</Form8038TFiled>
        <VariableRateIssue>false</VariableRateIssue>
        <HedgeIdentifiedInBooksAndRecds>false</HedgeIdentifiedInBooksAndRecds>
        <GrossProceedsInvestedInGIC>false</GrossProceedsInvestedInGIC>
        <GrossProceedsInvested>false</GrossProceedsInvested>
        <ExceptionToRebate>false</ExceptionToRebate>
      </Form990ScheduleKPartIV>
    </IRS990ScheduleK>
    <IRS990ScheduleL documentId="IRS990ScheduleL">
      <LoanTable>
        <NamePerson>Charles Crevling</NamePerson>
        <PurposeOfLoan>Housing Loan</PurposeOfLoan>
        <LoanFromOrganization>X</LoanFromOrganization>
        <OriginalPrincipalAmount>389000</OriginalPrincipalAmount>
        <BalanceDue>389000</BalanceDue>
        <Default>false</Default>
        <ApprovedByBoard>false</ApprovedByBoard>
        <WrittenAgreement>true</WrittenAgreement>
      </LoanTable>
      <LoanTable>
        <NamePerson>Kevin Lawlor</NamePerson>
        <PurposeOfLoan>Housing Loan</PurposeOfLoan>
        <LoanFromOrganization>X</LoanFromOrganization>
        <OriginalPrincipalAmount>304835</OriginalPrincipalAmount>
        <BalanceDue>61739</BalanceDue>
        <Default>false</Default>
        <ApprovedByBoard>false</ApprovedByBoard>
        <WrittenAgreement>true</WrittenAgreement>
      </LoanTable>
      <TotalBalanceDue>450739</TotalBalanceDue>
    </IRS990ScheduleL>
    <IRS990ScheduleO documentId="IRS990ScheduleO">
      <GeneralExplanation>
        <Identifier>Part VI, Question 11A</Identifier>
        <ReturnReference>Describe process to review 990</ReturnReference>
        <Explanation>The form 990 is prepared by a third party. The 990 was reviewed by members of the Accounting Department, including the Chief Financial Officer, prior to its filing. The review included reading it for accuracy of disclosure and comparing the numbers to those in the audited financial statements. A copy of the form 990 is provided to the Board of Directors before filing with the IRS.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Part VI, Question 15a</Identifier>
        <ReturnReference>Describe process for determining compensation</ReturnReference>
        <Explanation>A formal external review is conducted every two years. Executive compensation was last formally reviewed in 2009 by Sullivan Cotter. This review evaluates total compensation of the executive against compensation data for the same or similar job by industry, revenue size and geographic location and other factors to ensure that the compensation paid is appropriate and reasonable. That information is then reviewed by the compensation committee and the Board of Directors. Internal reviews are performed as well at time of hire and on an ongoing basis using compensation surveys.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Part VI, Question 15b</Identifier>
        <ReturnReference>Describe process for determining compensation</ReturnReference>
        <Explanation>A formal external review is conducted every two years. Compensation for the CFO, COO and SVP-HR was last formally reviewed in 2009 by Sullivan Cotter. This review evaluates total compensation of the individual in a specific role against compensation data for the same or similar job by industry, revenue size and geographic location and other factors to ensure that the compensation paid is appropriate and reasonable. That information is then reviewed by the CEO. Internal reviews are performed as well at time of hire and on an ongoing basis using compensation surveys.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Part VI, Question 19</Identifier>
        <ReturnReference>Describe how documents are made available to the public</ReturnReference>
        <Explanation>The governing documents, conflict of interest policy, and financial statements are available for viewing by the public for valid business purposes.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Part VI, Question 12c</Identifier>
        <ReturnReference>Conflict of Interest Policy Monitoring</ReturnReference>
        <Explanation>Directors and Officers are covered by the conflict of interest policy. The accounting group that issues checks and prepares the financial statements would advise the Board of any apparent or clear conflict of interest. The Board authorizes, approves, or ratifies any conflict in regard to voting rights based on good faith and fairness to the organization. An interested person may make a presentation at the meeting considering the matter giving rise to the conflict, however, they must leave the meeting during the discussion of and the vote on the matter. A committee might be appointed to investigate alternatives to the proposed arrangement.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Part VI, Question 4</Identifier>
        <ReturnReference>Significant Changes to Organizational Documents</ReturnReference>
        <Explanation>The Vail Clinic, Inc. dba Vail Valley Medical Center bylaws were amended and restated as of November 1, 2009. Vail Health Services is the sole voting member, and Vail Clinic, Inc. has no other members. Vail Clinic, Inc. adopted and filed revised Articles of Incorporation that changed its State registration from Texas to Colorado.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Part VI, Question 6 &amp; 7a</Identifier>
        <ReturnReference>Members</ReturnReference>
        <Explanation>Vail Health Services, the sole member of Vail Clinic, Inc. dba Vail Valley Medical Center, can appoint board members.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Part VII</Identifier>
        <ReturnReference>Jack Eck's Hours and Compensation</ReturnReference>
        <Explanation>The compensation and hours reflected for Jack Eck are for physician services he is providing to Vail Clinic, Inc. dba Vail Valley Medical Center as an employee, not for his services as a board member.</Explanation>
      </GeneralExplanation>
    </IRS990ScheduleO>
    <IRS990ScheduleR documentId="IRS990ScheduleR">
      <Form990ScheduleRPartII>
        <NameOfDisregardedEntity>
          <BusinessNameLine1>VVMC Diversified Services</BusinessNameLine1>
        </NameOfDisregardedEntity>
        <AddressUS>
          <AddressLine1>PO Box 40000</AddressLine1>
          <City>Vail</City>
          <State>CO</State>
          <ZIPCode>81658</ZIPCode>
        </AddressUS>
        <EIN>261167922</EIN>
        <PrimaryActivities>Health Care</PrimaryActivities>
        <LegalDomicileState>CO</LegalDomicileState>
        <ExemptCodeSection>501(c)(3)</ExemptCodeSection>
        <PublicCharityStatus>Line 9</PublicCharityStatus>
        <DirectControllingEntityName>
          <BusinessNameLine1>NA</BusinessNameLine1>
        </DirectControllingEntityName>
      </Form990ScheduleRPartII>
      <Form990ScheduleRPartII>
        <NameOfDisregardedEntity>
          <BusinessNameLine1>Vail Health Services Foundation</BusinessNameLine1>
        </NameOfDisregardedEntity>
        <AddressUS>
          <AddressLine1>PO Box 40000</AddressLine1>
          <City>Vail</City>
          <State>CO</State>
          <ZIPCode>81658</ZIPCode>
        </AddressUS>
        <EIN>742505662</EIN>
        <PrimaryActivities>Support VVMC</PrimaryActivities>
        <LegalDomicileState>CO</LegalDomicileState>
        <ExemptCodeSection>501(c)(3)</ExemptCodeSection>
        <PublicCharityStatus>Ln11 Type I</PublicCharityStatus>
        <DirectControllingEntityName>
          <BusinessNameLine1>NA</BusinessNameLine1>
        </DirectControllingEntityName>
      </Form990ScheduleRPartII>
      <Form990ScheduleRPartII>
        <NameOfDisregardedEntity>
          <BusinessNameLine1>Shaw Outreach Team</BusinessNameLine1>
        </NameOfDisregardedEntity>
        <AddressUS>
          <AddressLine1>PO Box 40000</AddressLine1>
          <City>Vail</City>
          <State>CO</State>
          <ZIPCode>81658</ZIPCode>
        </AddressUS>
        <EIN>383710853</EIN>
        <PrimaryActivities>Fundraising</PrimaryActivities>
        <LegalDomicileState>CO</LegalDomicileState>
        <ExemptCodeSection>501(c)(3)</ExemptCodeSection>
        <PublicCharityStatus>11 Type III</PublicCharityStatus>
        <DirectControllingEntityName>
          <BusinessNameLine1>NA</BusinessNameLine1>
        </DirectControllingEntityName>
      </Form990ScheduleRPartII>
      <Form990ScheduleRPartII>
        <NameOfDisregardedEntity>
          <BusinessNameLine1>Volun Corps of the Vail Valley Med Ctr</BusinessNameLine1>
        </NameOfDisregardedEntity>
        <AddressUS>
          <AddressLine1>PO Box 40000</AddressLine1>
          <City>Vail</City>
          <State>CO</State>
          <ZIPCode>81658</ZIPCode>
        </AddressUS>
        <EIN>113730281</EIN>
        <PrimaryActivities>Support VVMC</PrimaryActivities>
        <LegalDomicileState>CO</LegalDomicileState>
        <ExemptCodeSection>501(c)(3)</ExemptCodeSection>
        <PublicCharityStatus>11 Type III</PublicCharityStatus>
        <DirectControllingEntityName>
          <BusinessNameLine1>NA</BusinessNameLine1>
        </DirectControllingEntityName>
      </Form990ScheduleRPartII>
      <Form990ScheduleRPartII>
        <NameOfDisregardedEntity>
          <BusinessNameLine1>Vail Health Services</BusinessNameLine1>
        </NameOfDisregardedEntity>
        <AddressUS>
          <AddressLine1>PO Box 40000</AddressLine1>
          <City>Vail</City>
          <State>CO</State>
          <ZIPCode>81658</ZIPCode>
        </AddressUS>
        <EIN>262648461</EIN>
        <PrimaryActivities>Holding Co</PrimaryActivities>
        <LegalDomicileState>CO</LegalDomicileState>
        <ExemptCodeSection>501(c)(3)</ExemptCodeSection>
        <PublicCharityStatus>11 Type III</PublicCharityStatus>
        <DirectControllingEntityName>
          <BusinessNameLine1>NA</BusinessNameLine1>
        </DirectControllingEntityName>
      </Form990ScheduleRPartII>
      <Form990ScheduleRPartIII>
        <NameOfRelatedOrg>
          <BusinessNameLine1>Vail Vlly Srgry Ctr</BusinessNameLine1>
        </NameOfRelatedOrg>
        <AddressUS>
          <AddressLine1>PO Box 1270</AddressLine1>
          <City>Vail</City>
          <State>CO</State>
          <ZIPCode>81658</ZIPCode>
        </AddressUS>
        <EIN>030419967</EIN>
        <PrimaryActivity>Health Care</PrimaryActivity>
        <LegalDomicileState>CO</LegalDomicileState>
        <DirectControllingEntityName>
          <BusinessNameLine1>NA</BusinessNameLine1>
        </DirectControllingEntityName>
        <PredominantIncomeType>Related</PredominantIncomeType>
        <ShareOfTotalIncome>6471989</ShareOfTotalIncome>
        <ShareOfEOYAssets>3965019</ShareOfEOYAssets>
        <DisproportionateAllocations>false</DisproportionateAllocations>
        <CodeVAmount>0</CodeVAmount>
        <GeneralOrManagingPartner>false</GeneralOrManagingPartner>
      </Form990ScheduleRPartIII>
      <ReceiptOfIntAnnRentsRoyalties>true</ReceiptOfIntAnnRentsRoyalties>
      <GiftGrantOrCapContrToOtherOrg>true</GiftGrantOrCapContrToOtherOrg>
      <GiftGrantOrCapContrFrOtherOrg>true</GiftGrantOrCapContrFrOtherOrg>
      <LoansOrGuaranteesToOtherOrg>true</LoansOrGuaranteesToOtherOrg>
      <LoansOrGuaranteesFromOtherOrg>false</LoansOrGuaranteesFromOtherOrg>
      <SaleOfAssetsToOtherOrg>false</SaleOfAssetsToOtherOrg>
      <PurchaseOfAssetsFromOtherOrg>false</PurchaseOfAssetsFromOtherOrg>
      <ExchangeOfAssets>false</ExchangeOfAssets>
      <RentalOfFacilitiesToOtherOrgs>true</RentalOfFacilitiesToOtherOrgs>
      <RentalOfFacilitiesFrOtherOrgs>false</RentalOfFacilitiesFrOtherOrgs>
      <PerformOfServicesForOtherOrgs>true</PerformOfServicesForOtherOrgs>
      <PerformOfServicesByOtherOrgs>false</PerformOfServicesByOtherOrgs>
      <SharingOfFacilities>true</SharingOfFacilities>
      <SharingOfPaidEmployees>true</SharingOfPaidEmployees>
      <ReimbursementPaidToOtherOrg>true</ReimbursementPaidToOtherOrg>
      <ReimbursementPaidByOtherOrg>true</ReimbursementPaidByOtherOrg>
      <OtherTransferToOtherOrg>true</OtherTransferToOtherOrg>
      <OtherTransferFromOtherOrg>true</OtherTransferFromOtherOrg>
      <TransactionsRelatedOrgsTable>
        <NameOfOtherOrganization>
          <BusinessNameLine1>Vail Valley Surgery Center LLC</BusinessNameLine1>
        </NameOfOtherOrganization>
        <TransactionType>A</TransactionType>
        <AmountInvolved>699343</AmountInvolved>
      </TransactionsRelatedOrgsTable>
      <TransactionsRelatedOrgsTable>
        <NameOfOtherOrganization>
          <BusinessNameLine1>Vail Valley Surgery Center LLC</BusinessNameLine1>
        </NameOfOtherOrganization>
        <TransactionType>R</TransactionType>
        <AmountInvolved>9690863</AmountInvolved>
      </TransactionsRelatedOrgsTable>
      <TransactionsRelatedOrgsTable>
        <NameOfOtherOrganization>
          <BusinessNameLine1>Vail Valley Surgery Center LLC</BusinessNameLine1>
        </NameOfOtherOrganization>
        <TransactionType>P</TransactionType>
        <AmountInvolved>7630641</AmountInvolved>
      </TransactionsRelatedOrgsTable>
      <TransactionsRelatedOrgsTable>
        <NameOfOtherOrganization>
          <BusinessNameLine1>Vail Valley Surgery Center LLC</BusinessNameLine1>
        </NameOfOtherOrganization>
        <TransactionType>D</TransactionType>
        <AmountInvolved>765334</AmountInvolved>
      </TransactionsRelatedOrgsTable>
    </IRS990ScheduleR>
  </ReturnData>
</Return>