Annual Report Archives

WP_Post Object ( [ID] => 38298 [post_author] => 9192204 [post_date] => 2023-05-15 11:21:18 [post_date_gmt] => 2023-05-15 15:21:18 [post_content] => [post_title] => Financial Statement 2023 [post_excerpt] => [post_status] => publish [comment_status] => closed [ping_status] => closed [post_password] => [post_name] => financial-statement-2023 [to_ping] => [pinged] => [post_modified] => 2024-07-31 14:04:36 [post_modified_gmt] => 2024-07-31 18:04:36 [post_content_filtered] => [post_parent] => 0 [guid] => https://monadnockcommunityhospital.com/?p=38298 [menu_order] => 0 [post_type] => post [post_mime_type] => [comment_count] => 0 [filter] => raw )

Array ( [_edit_lock] => Array ( [0] => 1722956892:9192204 ) [_edit_last] => Array ( [0] => 9192204 ) [page_sections] => Array ( [0] => a:4:{i:0;s:4:"hero";i:1;s:7:"wysiwyg";i:2;s:7:"wysiwyg";i:3;s:9:"post_grid";} ) [_page_sections] => Array ( [0] => field_5a74c7ee071c2 ) [_yoast_wpseo_primary_category] => Array ( [0] => 4 ) [_yoast_wpseo_inclusive_language_score] => Array ( [0] => 90 ) [_yoast_wpseo_focuskeywords] => Array ( [0] => [] ) [_yoast_wpseo_keywordsynonyms] => Array ( [0] => [""] ) [_yoast_wpseo_estimated-reading-time-minutes] => Array ( [0] => 0 ) [page_sections_1_section_title] => Array ( [0] => ) [_page_sections_1_section_title] => Array ( [0] => field_5ada5134d3021 ) [page_sections_1_wysiwyg] => Array ( [0] => Consolidated Statement of Revenues and Expenses At Monadnock Community Hospital (MCH), our commitment to the community extends beyond providing exceptional healthcare services. As a nonprofit organization, we are dedicated to financial transparency, ensuring that our community understands how we manage and allocate our resources. The following financial statement provides a detailed overview of our revenues and expenses for the fiscal year ending September 30, 2022, compared to 1923.

Revenues	1923	2022
Government reimbursement for Medicaid shortfall and the uninsured	$0	$5,700,000
Billed for services to our patients	$9,000	$164,351,000
Other operating revenues	$0	$5,300,000
Gross Revenue	$9,000	$175,351,000
Less: Amounts billed but not received
Government and commercial contractual agreements	$0	$73,901,000
Patients unable to pay	$0	$665,000
Provisions for bad debt	$0	$3,979,000
Net Revenue	$9,000	$96,806,000
Costs
Our costs included amounts:
To pay our employees and physicians	$13,000	$47,991,000
To pay our suppliers and vendors	$16,000	$36,556,000
To fund depreciation and pay interest on debt	$0	$5,140,000
To pay NH Medicaid Enhancement Tax	$0	$4,222,000
Total Costs	$29,000	$93,909,000
Net Gain From Operations	($20,000)	$2,897,000

These statistics highlight the extensive services we provided to our community over the last fiscal year. At MCH, we are proud to share these figures as part of our ongoing commitment to transparency and community engagement. By understanding our financial operations and the scale of services we deliver, our community can better appreciate the value and impact of MCH’s contributions to health and well-being. ) [_page_sections_1_wysiwyg] => Array ( [0] => field_5a79c5dfc5cca ) [page_sections_1_width] => Array ( [0] => normal ) [_page_sections_1_width] => Array ( [0] => field_5af99fbbc9de1 ) [page_sections_0_hero_slider] => Array ( [0] => 0 ) [_page_sections_0_hero_slider] => Array ( [0] => field_5af4ae4adb200 ) [page_sections_0_image] => Array ( [0] => 38190 ) [_page_sections_0_image] => Array ( [0] => field_5af4b0553202b ) [page_sections_0_title] => Array ( [0] => ) [_page_sections_0_title] => Array ( [0] => field_5af99e4fd1223 ) [page_sections_0_text] => Array ( [0] => ) [_page_sections_0_text] => Array ( [0] => field_5bfc041f4dfcd ) [page_sections_0_actions] => Array ( [0] => ) [_page_sections_0_actions] => Array ( [0] => field_5af4b0783202c ) [page_sections_2_section_title] => Array ( [0] => 2023 Community Report ) [_page_sections_2_section_title] => Array ( [0] => field_5ada5134d3021 ) [page_sections_2_wysiwyg] => Array ( [0] =>

MCH 2023 Annual Report

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Revenues

1923

2022

Gross Revenue

Net Revenue

Costs

Total Costs

Net Gain From Operations