NOVANT HEALTH NEW HANOVER REGIONAL MEDICAL CENTER — financial and operating metrics

CCN 340141, WILMINGTON, NC · Medicare cost reports, FY2020–FY2025

Short reporting period. FY2021 (122 days) covers less than a full year, usually because the hospital changed its fiscal year end, opened, closed or changed hands. Its totals are not comparable with the full years beside them, and no figure here has been scaled up to disguise that.

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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MetricFY2020FY2021
122d
FY2022FY2023FY2024FY2025
Total facility beds availableunverified684684694771723752
Total bed days availableunverified250,34485,362253,310281,415264,618274,480
Total facility dischargesunverified32,83411,25534,40936,81541,01741,645
Total facility inpatient daysunverified185,91268,179203,113239,347253,200259,037
Total patient revenue (gross charges)unverified$3,986,236,128$1,428,919,744$4,560,425,299$5,233,711,827$6,144,879,699$6,959,366,648
Contractual allowances and discountsunverified$2,873,156,069$1,038,875,499$3,335,567,373$3,786,034,567$4,125,634,725$4,569,827,636
Net patient revenueunverified$1,113,080,059$390,044,245$1,224,857,926$1,447,677,260$2,019,244,974$2,389,539,012
Total operating expensesunverified$1,122,014,188$425,907,733$1,462,222,870$1,643,320,251$1,836,320,927$2,148,049,178
Net income from service to patientsunverified$-8,934,129$-35,863,488$-237,364,944$-195,642,991$182,924,047$241,489,834
Net incomeunverified$131,544,160$-16,912,668$-78,817,007$25,174,866$228,697,590$273,067,900
Cost of uncompensated careunverified$40,596,694$16,112,013$74,892,256$72,719,842$48,527,587$40,515,142
Total facility bad debt expenseunverified$109,326,038$38,639,350$26,828,630$63,647,590$62,890,434$27,748,282
Charity care charges and uninsured discountsunverified$60,651,337$24,555,033$248,536,018$210,425,854$138,141,905$130,856,073
Cost of charity careunverified$14,347,355$6,769,412$67,354,546$55,812,857$33,461,976$33,684,816
Charges for insured patients' liabilityunverified$861,882
Operating marginunverified-0.8%-9.2%-19.4%-13.5%9.1%10.1%
Overall cost-to-charge ratiounverified28.1%29.8%32.1%31.4%29.9%30.9%
Occupancy rateunverified74.3%79.9%80.2%85.1%95.7%94.4%
Average length of stayunverified5.76.15.96.56.26.2
Uncompensated care as % of operating expenseunverified3.6%3.8%5.1%4.4%2.6%1.9%
Charity care cost-to-charge ratiounverified23.7%27.6%27.1%26.5%24.2%25.7%
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