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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 |
