financial statement - Monadnock Community Hospital

Posted on May.15.2023July 31, 2024

Financial Statement 2023

Melissa French

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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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