Financial anchor year: FY24. Margin and revenue are as filed for FY24. Days cash on hand is FY23, the most recent year that passed the display gate. Every tile below states its own fiscal year; nothing is carried forward or estimated.
The read
A hospital in Thomasville, NC. It ran an operating surplus of 23.7% in FY24 on $547.3M of operating revenue. It held 0 days of cash on hand in FY23, its most recent reported liquidity (14th percentile among Urban PPS hospitals on liquidity). Only a single comparable reporting year is available, so trend context is limited.
Operating margin · FY24
+23.7%
vs Urban PPS hospitals92nd pctl of 2,562 (FY24)
Days cash on hand · FY23
0d
all sources
vs Urban PPS hospitals14th pctl of 2,354 (FY24)
Total operating revenue · FY24
$547.3M
vs Urban PPS hospitals74th pctl of 2,608 (FY24)
Total margin · incl. nonoperating · FY24
+23.8%
vs Urban PPS hospitals91st 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 NOVANT HEALTH THOMASVILLE MEDICAL CENTER is about $5.5M per year (1% of FY24 total operating revenue).
Where NOVANT HEALTH THOMASVILLE 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 hospitalNOVANT HEALTHUrban 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.
Not shown, balance sheet did not reconcile as filed
Total current assets ÷ current liabilities
HCRIS WS G
Equity financing ratio
Not shown, balance sheet did not reconcile as filed
Total net assets ÷ total assets
HCRIS WS G
Days in net patient A/R
Not shown, balance sheet did not reconcile as filed
Net patient receivables ÷ (net patient revenue ÷ 365), same fiscal year
HCRIS WS G / G-3
$ in thousands
Line item
FY22
FY23
FY24
Patient revenue
220,297
303,476
373,690
Other operating revenue
90,465
122,311
173,601
Total operating revenue
310,762
425,786
547,291
Total operating expenses
251,695
355,164
417,611
Operating income
59,067
70,623
129,680
Operating margin %
+19.0%
+16.6%
+23.7%
Other non-operating, net
1,447
776
548
Net income
60,514
71,399
130,228
Net income %
+19.4%
+16.7%
+23.8%
HCRIS Worksheet G-3 / S-3 · $ thousands · FY20–FY24 · FY20–21 may include COVID-era relief funding in nonoperating income
FY20, FY21, FY22, FY23, FY24 net patient A/R is not shown: gross A/R was not reported on the filing, making the derived net figure spurious (AR quality flag).
How it operates
quality & operational context · CMS public reporting
A 60-bed hospital at 49% occupancy 86% 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
48.9%
Verified fact2024
HCRIS WS S-3
Average daily census
29.44
Verified fact2024
HCRIS WS S-3
Staffed beds (acute)
60
Verified fact2024
HCRIS WS S-3
Annual discharges
3,863
Verified fact2024
HCRIS WS S-3
Average length of stay
2.8d
Verified fact2024
HCRIS WS S-3
Outpatient share of patient revenue
86.0%
Verified fact2024
HCRIS WS G-2 L28
Total FTEs
765.70
Verified fact2024
HCRIS WS S-3 Pt II
Contract labor share of labor cost
20.0%
Verified fact2024
HCRIS WS S-3 Pt V
Who it serves
Total unreimbursed & uncompensated care
$11.0M
Verified fact2023
HCRIS WS S-10 line 31
How the care measures up
C. difficile infection (SIR)
0
Better than the National Benchmark
CMS-reported measure07/01/2024 to 06/30/2025
CMS Care Compare
Hospital-wide unplanned readmission
15.1%
No Different Than the National Rate
CMS-reported measure07/01/2023 to 06/30/2024
CMS Care Compare
Medicare spending per beneficiary
0.94
CMS-reported measure01/01/2024 to 12/31/2024
CMS Care Compare
Patient-safety composite (PSI-90)
0.952993
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
FY24 days cash suppressed: out of display range.
The county this hospital serves
DAVIDSON County, NC · metro, 250K–1M
Median household income
$62.4K
vs $82.1K US · $59.7K rural median
Poverty rate
13.8%
vs 12.5% US · 14.3% rural median
Uninsured
10.4%
vs 8.6% US · 8.4% rural median
Age 65+
18.6%
vs 16.8% US · 20.6% rural median
Fair or poor health
19.4%
self-reported, adults · CDC PLACES
Primary-care shortage
Designated
HRSA HPSA
Economic context: 9.5% of county personal income is Medicare/Medicaid medical benefits; 24.6% arrives as government transfers (BEA, 2022).
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