CCN 340001CABARRUS CountyGovernment - Hospital District or AuthorityUrban (USDA RUCC)373 bedsLatest FY 2024
Cost-report basis
HCRIS · as filed
Not audited by Astrelis
The read
A hospital in Concord, NC. It ran an operating surplus of 18.9% in FY24 on $958.6M of operating revenue. It held 0 days of cash on hand (0th percentile among Urban PPS hospitals on liquidity). Operating margin improved from 13.0% in FY20 to 18.9% in FY24.
Operating margin · FY24
+18.9%
▲ 2.2 pts vs FY23
vs Urban PPS hospitals88th pctl of 2,562 (FY24)
Days cash on hand · FY24
0d
all sources
▼ 310.9 days vs FY23
vs Urban PPS hospitals0th pctl of 2,354 (FY24)
Total operating revenue · FY24
$958.6M
▲ 90.5 $M vs FY23
vs Urban PPS hospitals88th pctl of 2,608 (FY24)
Total margin · incl. nonoperating · FY24
+21.7%
▲ 2.1 pts vs FY23
vs Urban PPS hospitals89th pctl of 2,563 (FY24)
Benchmarked within its own FY24 pool (n=2,562); the Urban PPS hospital cohort's current year is FY25.
One point of operating margin at CAROLINAS MEDICAL CENTER-NORTHEAST is about $9.6M per year (1% of FY24 total operating revenue).
Where CAROLINAS MEDICAL CENTER-NORTHEAST sits among Urban PPS hospitals
Operating margin · FY24 pool · n = 2,562 of 2,681 filed
Each point is one Urban PPS hospital in the national distribution for this provider type, placed by operating margin. Facilities are not matched on size, case mix, or market — that is the matched-peer comparison in the paid benchmark. The Urban PPS hospital median is +2.0%. Descriptive context only, not a ranking.
Benchmarked within its own FY24 pool (n=2,562); the Urban PPS hospital cohort's current year is FY25.
One urban pps hospitalCAROLINAS MEDICALUrban PPS hospital median
The money
$ thousands · HCRIS cost-report basis · as filed, QA-gated
Ratios tell you how this hospital is doing. Statements tell you what kind of organization it is, and where the money comes from. Every figure below traces to a public cost-report filing, shown as filed. A ratio renders only when every input is reported in the filing; a year missing its core lines is not shown; a year whose balance sheet does not reconcile is labeled. Not audited by Astrelis.
Net patient receivables ÷ (net patient revenue ÷ 365), same fiscal year
HCRIS WS G / G-3
$ in thousands
Line item
FY22
FY23
FY24
Patient revenue
758,935
868,173
958,630
Total operating revenue
758,935
868,173
958,630
Total operating expenses
653,415
723,105
777,782
Operating income
105,520
145,068
180,848
Operating margin %
+13.9%
+16.7%
+18.9%
Grants & contributions
180
535
570
Investment income
315
2,235
1,909
Other non-operating, net
37,820
27,622
31,859
Net income
143,835
175,460
215,186
Net income %
+18.0%
+19.5%
+21.7%
HCRIS Worksheet G-3 / S-3 · $ thousands · FY20–FY24 · where other operating income is not reported, total operating revenue reflects net patient revenue alone · FY20–21 may include COVID-era relief funding in nonoperating income
How it operates
quality & operational context · CMS public reporting
A 373-bed hospital at 95% occupancy 48% of patient revenue is outpatient.
The metrics this hospital type is judged on: care quality, patient experience, and scale. Each is labeled by evidence class and public source; descriptive context only, never a ranking or adequacy claim.
Scale and flow
Occupancy
94.7%
Verified fact2024
HCRIS WS S-3
Average daily census
354.29
Verified fact2024
HCRIS WS S-3
Staffed beds (acute)
373
Verified fact2024
HCRIS WS S-3
Annual discharges
32,668
Verified fact2024
HCRIS WS S-3
Average length of stay
4.0d
Verified fact2024
HCRIS WS S-3
Outpatient share of patient revenue
48.5%
Verified fact2024
HCRIS WS G-2 L28
Total FTEs
3,453
Verified fact2024
HCRIS WS S-3 Pt II
Contract labor share of labor cost
15.5%
Verified fact2024
HCRIS WS S-3 Pt V
Who it serves
Total unreimbursed & uncompensated care
$37.2M
Verified fact2023
HCRIS WS S-10 line 31
How the care measures up
C. difficile infection (SIR)
0.066
Better than the National Benchmark
CMS-reported measure07/01/2024 to 06/30/2025
CMS Care Compare
Hospital-wide unplanned readmission
14.6%
No Different Than the National Rate
CMS-reported measure07/01/2023 to 06/30/2024
CMS Care Compare
Medicare spending per beneficiary
0.9
CMS-reported measure01/01/2024 to 12/31/2024
CMS Care Compare
Patient-safety composite (PSI-90)
0.986923
CMS-reported measure07/01/2022 to 06/30/2024
CMS Care Compare
Trajectory
Cost-report basis · 5 reporting years
Operating margin
Days cash on hand
The county this hospital serves
CABARRUS County, NC · metro, 1M+ population
Median household income
$86.1K
vs $82.1K US · $59.7K rural median
Poverty rate
8.9%
vs 12.5% US · 14.3% rural median
Uninsured
7.8%
vs 8.6% US · 8.4% rural median
Age 65+
13.4%
vs 16.8% US · 20.6% rural median
Fair or poor health
17.1%
self-reported, adults · CDC PLACES
Primary-care shortage
Designated
HRSA HPSA
Economic context: 6.8% of county personal income is Medicare/Medicaid medical benefits; 17.2% arrives as government transfers (BEA, 2022).
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