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Overview
Financial Statement 2024
Consolidated Statement of Revenues and Expenses
At Monadnock Community Hospital, every dollar we receive is an investment in the health and well-being of our community. As a not-for-profit hospital, we remain committed to transparency and fiscal responsibility while delivering high-quality, patient-centered care.
For the fiscal year ending September 30, 2024, our gross revenue totaled $216.4 million. After accounting for unreimbursed care and other deductions, our net revenue was $115.8 million. Key expenses included:
Revenues
|
2024
|
| Government reimbursement for Medicaid shortfall and the uninsured |
$4,791,000 |
| Billed for services to our patients |
$206,039,000 |
| Other operating revenues |
$5,530,000 |
Gross Revenue
|
$216,360,000 |
| Less: Amounts billed but not received |
|
| Government and commercial contractual agreements |
$92,047,000 |
| Patients unable to pay |
$891,000 |
| Provisions for bad debt |
$7,624,000 |
Net Revenue
|
$115,798,000 |
Costs
|
|
| Our costs included amounts: |
|
| To pay our employees and physicians |
$57,766,000 |
| To pay our suppliers and vendors |
$45,036,000 |
| To fund depreciation and pay interest on debt |
$5,841,000 |
| To pay NH Medicaid Enhancement Tax |
$5,119,000 |
Total Costs
|
$113,762,000 |
Net Gain From Operations
|
$2,036,000 |
This brought total operating costs to $113.8 million, resulting in a net gain from operations of $2 million.
These funds support vital services and innovations like the opening of new specialty practices—Gastroenterology, Rheumatology, and Cardiology—along with expanded community programs and infrastructure improvements. In 2024 alone, MCH provided over $23.6 million in community benefit, including charity care, subsidized services, and public health initiatives.
We are deeply grateful to our employees, volunteers, donors, and partners for making this progress possible. Your support drives our mission forward.
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At Monadnock Community Hospital, every dollar we receive is an investment in the health and well-being of our community. As a not-for-profit hospital, we remain committed to transparency and fiscal responsibility while delivering high-quality, patient-centered care.
For the fiscal year ending September 30, 2024, our gross revenue totaled $216.4 million. After accounting for unreimbursed care and other deductions, our net revenue was $115.8 million. Key expenses included:
Revenues
|
2024
|
| Government reimbursement for Medicaid shortfall and the uninsured |
$4,791,000 |
| Billed for services to our patients |
$206,039,000 |
| Other operating revenues |
$5,530,000 |
Gross Revenue
|
$216,360,000 |
| Less: Amounts billed but not received |
|
| Government and commercial contractual agreements |
$92,047,000 |
| Patients unable to pay |
$891,000 |
| Provisions for bad debt |
$7,624,000 |
Net Revenue
|
$115,798,000 |
Costs
|
|
| Our costs included amounts: |
|
| To pay our employees and physicians |
$57,766,000 |
| To pay our suppliers and vendors |
$45,036,000 |
| To fund depreciation and pay interest on debt |
$5,841,000 |
| To pay NH Medicaid Enhancement Tax |
$5,119,000 |
Total Costs
|
$113,762,000 |
Net Gain From Operations
|
$2,036,000 |
This brought total operating costs to $113.8 million, resulting in a net gain from operations of $2 million.
These funds support vital services and innovations like the opening of new specialty practices—Gastroenterology, Rheumatology, and Cardiology—along with expanded community programs and infrastructure improvements. In 2024 alone, MCH provided over $23.6 million in community benefit, including charity care, subsidized services, and public health initiatives.
We are deeply grateful to our employees, volunteers, donors, and partners for making this progress possible. Your support drives our mission forward.
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MCH 2025 Annual Report
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