NOVANT HEALTH MATTHEWS MEDICAL CENTER — financial and operating metrics

CCN 340171, MATTHEWS, 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 availableunverified123157157157157153
Total bed days availableunverified45,01857,30557,30557,30557,46255,845
Total facility dischargesunverified10,10910,1288,9979,3079,6499,996
Total facility inpatient daysunverified43,28450,49346,42244,28444,60743,676
Total patient revenue (gross charges)unverified$854,516,460$984,672,909$958,907,522$975,942,363$1,020,713,880$1,111,647,357
Contractual allowances and discountsunverified$599,400,066$694,346,834$683,986,617$683,734,528$695,417,857$779,501,818
Net patient revenueunverified$255,116,394$290,326,075$274,920,905$292,207,835$325,296,023$332,145,539
Total operating expensesunverified$176,879,469$225,711,301$235,550,743$245,598,284$262,811,602$289,958,679
Net income from service to patientsunverified$78,236,925$64,614,774$39,370,162$46,609,551$62,484,421$42,186,860
Net incomeunverified$89,509,113$67,031,273$42,180,465$48,922,934$66,805,381$45,482,974
Cost of uncompensated careunverified$10,645,662$11,942,466$11,191,244$10,820,392$7,863,940$10,421,416
Total facility bad debt expenseunverified$16,550,913$15,977,156$16,746,942$13,339,848$16,172,557$10,133,960
Charity care charges and uninsured discountsunverified$38,001,869$46,043,038$38,897,713$37,411,709$24,218,200$31,408,411
Cost of charity careunverified$7,319,519$8,887,384$7,849,586$8,123,094$4,711,291$8,336,010
Charges for insured patients' liabilityunverified$17,318$16
Operating marginunverified30.7%22.3%14.3%16.0%19.2%12.7%
Overall cost-to-charge ratiounverified20.7%22.9%24.6%25.2%25.7%26.1%
Occupancy rateunverified96.1%88.1%81.0%77.3%77.6%78.2%
Average length of stayunverified4.35.05.24.84.64.4
Uncompensated care as % of operating expenseunverified6.0%5.3%4.8%4.4%3.0%3.6%
Charity care cost-to-charge ratiounverified19.3%19.3%20.2%21.7%19.5%26.5%
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