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[post_content] => The Board of Trustees of Monadnock Community Hospital (MCH) invites the Monadnock community to ask questions about the proposal for MCH to withdraw from GraniteOne Health and dissolve the system. GraniteOne Health is a limited affiliation of MCH, Huggins and CMC that was created in 2016 and that the Boards of all parties have voted to dissolve. The community information session will include a brief introduction from the Chief Executive Officers from GraniteOne Health organizations: Huggins Hospital and Monadnock Community Hospital - followed by opportunities for questions and comments.
When: Monday, June 12th, 4pm
Where: Virtual meeting with link available at graniteonehealth.org
Details: A draft Notice to the NH Charitable Trust Unit is available at graniteonehealth.org with more information about the proposed withdrawal and dissolution
Members of the public may also submit written comments to:
Laura Gingras
VP of Philanthropy & Community Relations
Monadnock Community Hospital
452 Old Street Road
Peterborough, NH 03458
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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.
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MCH 2023 Annual Report
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