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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, 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 | |
To pay our suppliers and vendors | $50,719,000 |
To fund depreciation and pay interest on debt | $39,982,000 |
To pay NH Medicaid Enhancement Tax | $4,678,000 |
Total Costs |
$100,929,00 |
Net Gain From Operations |
$5,003,000 |