Velarion Records

Short-term acute care hospital · Newnan, Georgia · 227 beds · CMS certification number 110229

Piedmont Newnan Hospital

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended June 30, 2025, settled, stamped by CMS July 24, 2026. Nineteen years on file, every one shown below.

Fiscal 2025 at a glance

Net patient revenue
$420.3M
$420,265,645 · G-3 line 3
Operating expenses
$328.2M
$328,219,390 · G-3 line 4
Result from patient care
$92.0M
$92,046,255 · G-3 line 5
Margin on patient care
21.9%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue rose from $29.4M in its first year on file (2007) to $420.3M in 2025.
  • Its result from patient care: $70.5M (2023), $80.6M (2024), $92.0M (2025).
  • 2 of the 5 short-term acute care hospital peers below with a margin on file also report a gain on patient care for fiscal year 2025.
  • Medicaid paid for 6.9% of its inpatient days and Medicare for 22.4%.

Every statement is drawn from figures on this page; nothing is estimated.

Nineteen years of filings

Net patient revenue against operating expenses, each year as filed.

Net patient revenueOperating expenses
2007
reopened
$29.4M
$35.2M
2008
reopened
$91.8M
$100.4M
2009
reopened
$95.4M
$102.4M
2010
reopened
$115.5M
$117.9M
2011
reopened
$111.1M
$111.5M
2012
reopened
$114.2M
$118.6M
2013
reopened
$143.5M
$147.4M
2014
reopened
$176.3M
$186.8M
2015
settled
$205.9M
$206.3M
2016
settled
$240.2M
$226.8M
2017
settled
$220.8M
$209.5M
2018
settled
$218.8M
$204.3M
2019
reopened
$250.2M
$213.6M
2020
settled
$264.9M
$238.2M
2021
settled
$318.2M
$251.1M
2022
settled
$344.5M
$286.3M
2023
settled
$366.0M
$295.6M
2024
settled
$385.3M
$304.6M
2025
settled
$420.3M
$328.2M

Beside its peers

Short-term acute care hospitals in Georgia with 200 to 399 beds, each on fiscal year 2025.

HospitalBedsNet patient revenueOperating expensesMargin
Piedmont Newnan Hospital227$420,265,645$328,219,39021.9%
Adventhealth Redmond, Redmond210$374,680,585$424,790,217−13.4%
Hamilton Medical Center, Dalton243$434,250,689$401,882,4607.4%
Piedmont Eastside Medical Center, Snellville218$349,928,136$313,609,27410.4%
Southern Regional Medical Center, Riverdale233$117,289,293$138,418,369−18.0%
St. Josephs Hospital, Savannah231$346,067,774$369,686,141−6.8%

Patients and payers

Discharges
13,102
S-3 line 14, col 15
Inpatient days
60,025
S-3 line 14, col 8
Beds in use, on an average day
164.9
days ÷ days in year
Occupancy
72.5%
days ÷ bed days
Medicare share of days
22.4%
S-3 cols 6 ÷ 8
Medicaid share of days
6.9%
S-3 cols 7 ÷ 8

Who owns it

Related organizations on its own cost report: PIEDMONT HEALTHCARE, home office; PIEDMONT HEALTHCARE, home office; PIEDMONT HEALTH, home office; PIEDMONT HEALTHCARE, home office; PIEDMONT HEALTH, home office.

Type of control on its cost report: voluntary nonprofit, other.

Community benefit, as filed

From IRS Form 990 Schedule H, Part I, filed by PIEDMONT NEWNAN HOSPITAL INC (employer identification number 205077249) for tax year 2022. The return lists this hospital as its one hospital facility.

FigureAs filedWhere it comes from
Total community benefit expense (line 7k)$11,662,891IRS Form 990 Schedule H, Part I, <TotalCommunityBenefitsGrp><NetCommunityBenefitExpnsAmt>
Financial assistance at cost (line 7a)$6,623,524IRS Form 990 Schedule H, Part I, <FinancialAssistanceAtCostTyp><NetCommunityBenefitExpnsAmt>
Medicaid (line 7b)$1,155,322IRS Form 990 Schedule H, Part I, <UnreimbursedMedicaidGrp><NetCommunityBenefitExpnsAmt>
Financial assistance and means-tested government programs (line 7d)$8,456,254IRS Form 990 Schedule H, Part I, <TotalFinancialAssistanceTyp><NetCommunityBenefitExpnsAmt>
Other benefits (line 7j)$3,206,637IRS Form 990 Schedule H, Part I, <TotalOtherBenefitsGrp><NetCommunityBenefitExpnsAmt>
Total, fraction of total expense (line 7k, column f)0.0397IRS Form 990 Schedule H, Part I, <TotalCommunityBenefitsGrp><TotalExpensePct>

E-file object id 202411359349307601. The IRS archive it was read from.

Executive and director compensation, as filed

From IRS Form 990 Part VII, Section A, filed by PIEDMONT NEWNAN HOSPITAL INC (employer identification number 205077249) for tax year 2022. The return lists this hospital as its one hospital facility.

NameTitleRoleReportable comp, from this organizationReportable comp, from related organizationsOther compensation
Dr Diana SantiagoBoard MemberTrustee/director$0$0$0
Dr Eric MitchellBoard MemberTrustee/director$0$942,735$39,802
Dr Kay CrosbyBoard MemberTrustee/director$0$0$0
DR SHANKAR KANDASWAMYBOARD MEMBERTrustee/director$0$740,006$39,505
Dr Timothy Wayne BakerBoard MemberTrustee/director$0$0$0
MR ANANT MANDAPAKAMEDICAL PHYSICISTHighest-compensated employee$204,247$0$32,969
Mr Christopher StephensBoard MemberTrustee/director$0$0$0
Mr David CopelanDIRECTOR OF PHARMACYHighest-compensated employee$236,171$0$33,728
Mr Douwe BergsmaBoard MemberTrustee/director$0$691,954$96,092
Mr John MilesCFOKey employee$483,459$0$40,053
Mr Michael McAnderFORMER TREASURER/CFO PHCFormer$0$150,106$0
Mr Mike RobertsonCEO & Board Member/CHAIRTrustee/director, Officer$756,056$0$106,832
MR ROBERT MILLERCMOHighest-compensated employee$511,732$0$28,070
Mr Thomas ArnoldTREASURER/CFO PHCOfficer$0$1,173,444$130,741
Ms Cynthia JenkinsBoard MemberTrustee/director$0$0$0
Ms Elizabeth LeddySECRETARY/CLO PHCOfficer$0$1,389,485$138,711
Ms Jennifer KeyCNOHighest-compensated employee$265,651$0$23,541
Ms Pamela MurphyDIRECTOR OF SURGICAL SERVICESHighest-compensated employee$218,980$0$16,875
Ms Tonya WhitlockBoard MemberTrustee/director$0$0$0
Ms Vicki KaiserCOOKey employee$290,538$0$38,632

E-file object id 202411359349307601. The IRS archive it was read from.

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More short-term acute care hospitals in Georgia

Figures: CMS Healthcare Cost Report Information System, file HOSP10FY2024.ZIP, form CMS-2552-10, filed under CMS certification number 110229. Patients and payers: worksheet S-3 Part I of the same filing.

How this page was built: the CMS Medicare cost report, file HOSP10FY2024.ZIP, read July 24, 2026.