Understanding MCH’s Financial Health: A Snapshot of Our 2024 Fiscal Year
Understanding MCH’s Financial Health: A Snapshot of Our 2024 Fiscal Year
Transparency and Commitment: Breaking Down Monadnock Community Hospital’s Revenues and Costs
A Look at Our Financial Operations: Ensuring the Health and Well-Being of Our Community
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, 2023
Revenues |
2023 |
| Government reimbursement for Medicaid shortfall and the uninsured | $5,880,000 |
| Billed for services to our patients | $184,318,000 |
| Other operating revenues | $7,035,000 |
Gross Revenue |
$197,233,000 |
| Less: Amounts billed but not received | |
| Government and commercial contractual agreements | $85,250,000 |
| Patients unable to pay | $517,000 |
| Provisions for bad debt | $5,534,000 |
Net Revenue |
$105,932,000 |
Costs |
|
| Our costs included amounts: | |
| To pay our employees and physicians | $50,719,000 |
| To pay our suppliers and vendors | $39,982,000 |
| To fund depreciation and pay interest on debt | $5,225,000 |
| To pay NH Medicaid Enhancement Tax | $4,678,000 |
Total Costs |
$100,929,000 |
Net Gain From Operations |
$5,003,000 |
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.
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