A hospital in Statesville, NC. It ran an operating surplus of 9.3% in FY25 on $302.3M of operating revenue. It held 252 days of cash on hand (88th percentile among Urban PPS hospitals on liquidity). Operating margin improved from 2.1% in FY20 to 9.3% in FY25.
Operating margin · FY25
+9.3%
▲ 5.0 pts vs FY24
vs Urban PPS hospitals73rd pctl of 1,475 (FY25)
Days cash on hand · FY25
252d
all sources
▼ 20.6 days vs FY24
vs Urban PPS hospitals88th pctl of 1,386 (FY25)
Total operating revenue · FY25
$302.3M
▲ 37.2 $M vs FY24
vs Urban PPS hospitals52nd pctl of 1,503 (FY25)
Total margin · incl. nonoperating · FY25
+14.3%
▲ 3.3 pts vs FY24
vs Urban PPS hospitals75th pctl of 1,475 (FY25)
One point of operating margin at IREDELL MEMORIAL HOSPITAL INC is about $3.0M per year (1% of FY25 total operating revenue).
Where IREDELL MEMORIAL HOSPITAL sits among Urban PPS hospitals
Operating margin · FY25 pool · n = 1,475 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 +1.3%. Descriptive context only, not a ranking.
One urban pps hospitalIREDELL MEMORIALUrban 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
FY23
FY24
FY25
Patient revenue
244,412
261,957
299,919
Other operating revenue
3,004
3,056
2,337
Total operating revenue
247,416
265,013
302,256
Total operating expenses
235,454
253,829
274,280
Operating income
11,962
11,184
27,976
Operating margin %
+4.8%
+4.2%
+9.3%
Grants & contributions
44
47
8,028
Investment income
7,380
17,732
6,207
Other non-operating, net
7,045
2,433
3,739
Net income
26,431
31,396
45,950
Net income %
+10.1%
+11.0%
+14.3%
HCRIS Worksheet G-3 / S-3 · $ thousands · FY20–FY25 · FY20–21 may include COVID-era relief funding in nonoperating income
How it operates
quality & operational context · CMS public reporting
A 139-bed hospital at 49% occupancy 65% 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
49.1%
Verified fact2025
HCRIS WS S-3
Average daily census
68.49
Verified fact2025
HCRIS WS S-3
Staffed beds (acute)
139
Verified fact2025
HCRIS WS S-3
Annual discharges
6,348
Verified fact2025
HCRIS WS S-3
Average length of stay
3.9d
Verified fact2025
HCRIS WS S-3
Outpatient share of patient revenue
65.4%
Verified fact2025
HCRIS WS G-2 L28
Total FTEs
1,468
Verified fact2025
HCRIS WS S-3 Pt II
Contract labor share of labor cost
18.8%
Verified fact2025
HCRIS WS S-3 Pt V
Who it serves
Total unreimbursed & uncompensated care
$5.6M
Verified fact2023
HCRIS WS S-10 line 31
How the care measures up
C. difficile infection (SIR)
0.11
Better than the National Benchmark
CMS-reported measure07/01/2024 to 06/30/2025
CMS Care Compare
Hospital-wide unplanned readmission
14.9%
No Different Than the National Rate
CMS-reported measure07/01/2023 to 06/30/2024
CMS Care Compare
Medicare spending per beneficiary
0.93
CMS-reported measure01/01/2024 to 12/31/2024
CMS Care Compare
Patient-safety composite (PSI-90)
0.976992
CMS-reported measure07/01/2022 to 06/30/2024
CMS Care Compare
Trajectory
Cost-report basis · 6 reporting years
Operating margin
Days cash on hand
The county this hospital serves
IREDELL County, NC · metro, 1M+ population
Median household income
$78.7K
vs $82.1K US · $59.7K rural median
Poverty rate
9.1%
vs 12.5% US · 14.3% rural median
Uninsured
9.5%
vs 8.6% US · 8.4% rural median
Age 65+
16.4%
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: 6.6% of county personal income is Medicare/Medicaid medical benefits; 17.1% arrives as government transfers (BEA, 2022).
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