NOVANT HEALTH ROWAN MEDICAL CENTER — financial and operating metrics

CCN 340015, SALISBURY, NC · Medicare cost reports, FY2020–FY2025

Unverified figures. Metrics marked unverified are derived from cost-report coordinates that have not yet been reconciled against audited financial statements. We show you which, rather than hiding it.

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MetricFY2020FY2021FY2022FY2023FY2024FY2025
Total facility beds availableunverified189189189181189188
Total bed days availableunverified69,17468,98568,98566,06569,17468,620
Total facility dischargesunverified9,2148,3777,6308,7129,2249,088
Total facility inpatient daysunverified46,82851,10845,23346,59847,44647,905
Total patient revenue (gross charges)unverified$920,071,663$1,066,833,192$1,066,248,818$1,121,907,081$1,201,145,303$1,349,395,859
Contractual allowances and discountsunverified$687,562,931$796,973,267$805,426,793$822,263,012$855,097,954$971,302,091
Net patient revenueunverified$232,508,732$269,859,925$260,822,025$299,644,069$346,047,349$378,093,768
Total operating expensesunverified$246,273,898$279,249,708$292,046,824$317,685,402$341,099,122$368,335,428
Net income from service to patientsunverified$-13,765,166$-9,389,783$-31,224,799$-18,041,333$4,948,227$9,758,340
Net incomeunverified$227,408$8,246,961$11,573,497$-19,160,198$9,203,668$16,411,605
Cost of uncompensated careunverified$16,848,136$17,613,860$15,598,998$17,448,437$11,019,305$12,513,719
Total facility bad debt expenseunverified$15,452,019$18,147,088$16,492,016$14,587,846$18,449,629$10,536,671
Charity care charges and uninsured discountsunverified$58,085,651$61,123,235$50,286,342$56,096,344$29,856,548$34,307,816
Cost of charity careunverified$13,204,558$13,449,564$11,754,629$13,991,636$6,826,099$10,123,000
Charges for insured patients' liabilityunverified$27,367
Operating marginunverified-5.9%-3.5%-12.0%-6.0%1.4%2.6%
Overall cost-to-charge ratiounverified26.8%26.2%27.4%28.3%28.4%27.3%
Occupancy rateunverified67.7%74.1%65.6%70.5%68.6%69.8%
Average length of stayunverified5.16.15.95.35.15.3
Uncompensated care as % of operating expenseunverified6.8%6.3%5.3%5.5%3.2%3.4%
Charity care cost-to-charge ratiounverified22.7%22.0%23.4%24.9%22.9%29.5%
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