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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.

Dr. Annapurna Mandalika, Monadnock Internal Medicine

MCH 2024 Annual Report