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Tag: financial statement

Posted on May.1.2025May 19, 2025

Financial Statement 2024

Melissa French

View Post: Financial Statement 2024

Posted on May.15.2023July 31, 2024

Financial Statement 2023

Melissa French

View Post: Financial Statement 2023

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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. ) [_page_sections_1_wysiwyg] => Array ( [0] => field_5a79c5dfc5cca ) [page_sections_1_width] => Array ( [0] => normal ) [_page_sections_1_width] => Array ( [0] => field_5af99fbbc9de1 ) [page_sections_0_hero_slider] => Array ( [0] => 0 ) [_page_sections_0_hero_slider] => Array ( [0] => field_5af4ae4adb200 ) [page_sections_0_image] => Array ( [0] => 38190 ) [_page_sections_0_image] => Array ( [0] => field_5af4b0553202b ) [page_sections_0_title] => Array ( [0] => ) [_page_sections_0_title] => Array ( [0] => field_5af99e4fd1223 ) [page_sections_0_text] => Array ( [0] => ) [_page_sections_0_text] => Array ( [0] => field_5bfc041f4dfcd ) [page_sections_0_actions] => Array ( [0] => ) [_page_sections_0_actions] => Array ( [0] => field_5af4b0783202c ) [page_sections_2_section_title] => Array ( [0] => 2023 Community Report ) [_page_sections_2_section_title] => Array ( [0] => field_5ada5134d3021 ) [page_sections_2_wysiwyg] => Array ( [0] =>

MCH 2023 Annual Report

MCH 2023 Annual Report

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