A hospital in Charlotte, NC. It ran an operating surplus of 28.9% in FY24 on $152.2M of operating revenue. It held 0 days of cash on hand (14th percentile among Urban PPS hospitals on liquidity). Operating margin improved from 1.1% in FY20 to 28.9% in FY24.
Operating margin · FY24
+28.9%
▲ 6.9 pts vs FY23
vs Urban PPS hospitals95th pctl of 2,562 (FY24)
Days cash on hand · FY24
0d
all sources
▼ 0.0 days vs FY23
vs Urban PPS hospitals14th pctl of 2,354 (FY24)
Total operating revenue · FY24
$152.2M
▲ 19.5 $M vs FY23
vs Urban PPS hospitals32nd pctl of 2,608 (FY24)
Total margin · incl. nonoperating · FY24
+29.2%
▲ 6.8 pts vs FY23
vs Urban PPS hospitals95th 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 MINT HILL MEDICAL CENTER is about $1.5M per year (1% of FY24 total operating revenue).
Where NOVANT HEALTH MINT 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.
Net patient receivables ÷ (net patient revenue ÷ 365), same fiscal year
HCRIS WS G / G-3
$ in thousands
Line item
FY22
FY23
FY24
Patient revenue
107,763
124,385
151,180
Other operating revenue
196
8,310
1,058
Total operating revenue
107,960
132,694
152,238
Total operating expenses
97,356
103,453
108,260
Operating income
10,603
29,241
43,978
Operating margin %
+9.8%
+22.0%
+28.9%
Investment income
83
58
39
Other non-operating, net
1,393
547
635
Net income
12,079
29,846
44,652
Net income %
+11.0%
+22.4%
+29.2%
HCRIS Worksheet G-3 / S-3 · $ thousands · FY20–FY24 · FY20–21 may include COVID-era relief funding in nonoperating income
How it operates
quality & operational context · CMS public reporting
A 32-bed hospital at 53% occupancy 77% 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
53.4%
Verified fact2024
HCRIS WS S-3
Average daily census
17.15
Verified fact2024
HCRIS WS S-3
Staffed beds (acute)
32
Verified fact2024
HCRIS WS S-3
Annual discharges
2,837
Verified fact2024
HCRIS WS S-3
Average length of stay
2.2d
Verified fact2024
HCRIS WS S-3
Outpatient share of patient revenue
77.3%
Verified fact2024
HCRIS WS G-2 L28
Total FTEs
324.50
Verified fact2024
HCRIS WS S-3 Pt II
Contract labor share of labor cost
20.9%
Verified fact2024
HCRIS WS S-3 Pt V
Who it serves
Total unreimbursed & uncompensated care
$7.2M
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
13.2%
Better Than the National Rate
CMS-reported measure07/01/2023 to 06/30/2024
CMS Care Compare
Medicare spending per beneficiary
0.86
CMS-reported measure01/01/2024 to 12/31/2024
CMS Care Compare
Patient-safety composite (PSI-90)
0.945591
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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