A hospital in Matthews, NC. It ran an operating surplus of 20.0% in FY24 on $328.5M of operating revenue. It held 0 days of cash on hand (16th percentile among Urban PPS hospitals on liquidity). Operating margin declined from 30.8% in FY20 to 20.0% in FY24, though it rose 3.7 points in the most recent year.
Operating margin · FY24
+20.0%
▲ 3.7 pts vs FY23
vs Urban PPS hospitals89th pctl of 2,562 (FY24)
Days cash on hand · FY24
0d
all sources
vs Urban PPS hospitals16th pctl of 2,354 (FY24)
Total operating revenue · FY24
$328.5M
▲ 35.2 $M vs FY23
vs Urban PPS hospitals57th pctl of 2,608 (FY24)
Total margin · incl. nonoperating · FY24
+20.3%
▲ 3.7 pts vs FY23
vs Urban PPS hospitals87th 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 MATTHEWS MEDICAL CENTER is about $3.3M per year (1% of FY24 total operating revenue).
Where NOVANT HEALTH MATTHEWS 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
274,921
292,208
325,296
Other operating revenue
515
1,137
3,210
Total operating revenue
275,436
293,345
328,506
Total operating expenses
235,551
245,598
262,812
Operating income
39,885
47,747
65,694
Operating margin %
+14.5%
+16.3%
+20.0%
Investment income
178
304
87
Other non-operating, net
2,118
872
1,024
Net income
42,181
48,923
66,805
Net income %
+15.2%
+16.6%
+20.3%
HCRIS Worksheet G-3 / S-3 · $ thousands · FY20–FY24 · FY20–21 may include COVID-era relief funding in nonoperating income
FY20 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 139-bed hospital at 71% occupancy 57% 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
71.4%
Verified fact2024
HCRIS WS S-3
Average daily census
99.51
Verified fact2024
HCRIS WS S-3
Staffed beds (acute)
139
Verified fact2024
HCRIS WS S-3
Annual discharges
9,649
Verified fact2024
HCRIS WS S-3
Average length of stay
3.8d
Verified fact2024
HCRIS WS S-3
Outpatient share of patient revenue
56.9%
Verified fact2024
HCRIS WS G-2 L28
Total FTEs
836.90
Verified fact2024
HCRIS WS S-3 Pt II
Contract labor share of labor cost
20.8%
Verified fact2024
HCRIS WS S-3 Pt V
Who it serves
Total unreimbursed & uncompensated care
$10.8M
Verified fact2023
HCRIS WS S-10 line 31
How the care measures up
C. difficile infection (SIR)
0.173
Better than the National Benchmark
CMS-reported measure07/01/2024 to 06/30/2025
CMS Care Compare
Hospital-wide unplanned readmission
13.6%
Better Than the National Rate
CMS-reported measure07/01/2023 to 06/30/2024
CMS Care Compare
Medicare spending per beneficiary
0.91
CMS-reported measure01/01/2024 to 12/31/2024
CMS Care Compare
Patient-safety composite (PSI-90)
0.914096
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
MECKLENBURG County, NC · metro, 1M+ population
Median household income
$83.8K
vs $82.1K US · $59.7K rural median
Poverty rate
10.4%
vs 12.5% US · 14.3% rural median
Uninsured
11.6%
vs 8.6% US · 8.4% rural median
Age 65+
11.7%
vs 16.8% US · 20.6% rural median
Fair or poor health
15.9%
self-reported, adults · CDC PLACES
Primary-care shortage
Designated
HRSA HPSA
Economic context: 4.3% of county personal income is Medicare/Medicaid medical benefits; 11.2% arrives as government transfers (BEA, 2022).
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