Short-term acute care hospital · Gastonia, North Carolina · 468 beds · CMS certification number 340032
Caromont Regional Medical Center
Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended June 30, 2025, as submitted, stamped by CMS September 18, 2026. 29 years on file, every one shown below. Also on the 340B covered-entity register.
Fiscal 2025 at a glance
What stands out
- Net patient revenue rose from $157.6M in its first year on file (1997) to $822.7M in 2025.
- Its result from patient care: $44.8M (2023), $81.2M (2024), $73.1M (2025).
- All 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 6.8% of its inpatient days and Medicare for 16.7%.
Every statement is drawn from figures on this page; nothing is estimated.
29 years of filings
Net patient revenue against operating expenses, each year as filed.
settled
reopened
reopened
reopened
reopened
settled
settled
reopened
reopened
reopened
reopened
reopened
reopened
reopened
reopened
settled
reopened
reopened
reopened
reopened
reopened
settled
reopened
settled with audit
settled
amended
amended
as submitted
as submitted
Beside its peers
Short-term acute care hospitals in North Carolina with 400 and over beds, each on fiscal year 2025.
| Hospital | Beds | Net patient revenue | Operating expenses | Margin |
|---|---|---|---|---|
| Caromont Regional Medical Center | 468 | $822,685,423 | $749,618,309 | 8.9% |
| Atrium Health Cabarrus, Concord | 447 | $1,089,554,007 | $798,966,245 | 26.7% |
| Firsthealth Moore Regional Hospital, Pinehurst | 412 | $741,529,117 | $656,374,107 | 11.5% |
| Novant Health Presbyterian Medical Center, Charlotte | 537 | $2,413,299,816 | $2,095,658,565 | 13.2% |
| Rex Hospital, UNC Rex Hospital, Raleigh | 485 | $1,813,043,000 | $1,715,822,000 | 5.4% |
| Wakemed Raleigh Campus, Raleigh | 721 | $1,569,204,496 | $1,484,303,306 | 5.4% |
Patients and payers
- Discharges
- 25,440S-3 line 14, col 15
- Inpatient days
- 125,070S-3 line 14, col 8
- Beds in use, on an average day
- 343.6days ÷ days in year
- Occupancy
- 73.2%days ÷ bed days
- Medicare share of days
- 16.7%S-3 cols 6 ÷ 8
- Medicaid share of days
- 6.8%S-3 cols 7 ÷ 8
Who owns it
Indirect owner: CAROMONT HEALTH INC
Related organizations on its own cost report: CAROMONT HEALTH (100%).
Type of control on its cost report: voluntary nonprofit, other.
Owners of 5% or more, from CMS’s hospital ownership file (Medicare enrollment, October 1, 2026).
Community benefit, as filed
From IRS Form 990 Schedule H, Part I, filed by GASTON MEMORIAL HOSPITAL INC (employer identification number 560619359) for tax year 2022. The return lists this hospital as its one hospital facility.
| Figure | As filed | Where it comes from |
|---|---|---|
| Total community benefit expense (line 7k) | $39,511,275 | IRS Form 990 Schedule H, Part I, <TotalCommunityBenefitsGrp><NetCommunityBenefitExpnsAmt> |
| Financial assistance at cost (line 7a) | $14,095,747 | IRS Form 990 Schedule H, Part I, <FinancialAssistanceAtCostTyp><NetCommunityBenefitExpnsAmt> |
| Medicaid (line 7b) | $18,188,579 | IRS Form 990 Schedule H, Part I, <UnreimbursedMedicaidGrp><NetCommunityBenefitExpnsAmt> |
| Financial assistance and means-tested government programs (line 7d) | $32,284,326 | IRS Form 990 Schedule H, Part I, <TotalFinancialAssistanceTyp><NetCommunityBenefitExpnsAmt> |
| Other benefits (line 7j) | $7,226,949 | IRS Form 990 Schedule H, Part I, <TotalOtherBenefitsGrp><NetCommunityBenefitExpnsAmt> |
| Total, fraction of total expense (line 7k, column f) | 0.0669 | IRS Form 990 Schedule H, Part I, <TotalCommunityBenefitsGrp><TotalExpensePct> |
E-file object id 202411209349300641. The IRS archive it was read from.
Executive and director compensation, as filed
From IRS Form 990 Part VII, Section A, filed by GASTON MEMORIAL HOSPITAL INC (employer identification number 560619359) for tax year 2022. The return lists this hospital as its one hospital facility.
| Name | Title | Role | Reportable comp, from this organization | Reportable comp, from related organizations | Other compensation |
|---|---|---|---|---|---|
| DR GEORGE ADCOCK III | VP MEDICAL AFFAIRS | Highest-compensated employee | $552,436 | $0 | $121,405 |
| DR HEALTH HIGH | CHIEF-OF-STAFF ELECT AS OF 1/22 | Trustee/director | $0 | $572,492 | $34,995 |
| DR JAY HENDLER | CHIEF-OF-STAFF AS OF 1/22 | Trustee/director | $0 | $492,906 | $26,481 |
| DR MICHEAL GASLIN | PAST-CHIEF-OF-STAFF (NON-VOTING) STARTING 1/1/2022 | Trustee/director | $22,500 | $0 | $0 |
| DR TODD DAVIS | EVP CHIEF PHYSICIAN EXECUTIVE | Key employee | $954,616 | $0 | $186,354 |
| MR BARRY POMEROY | TREASURER THROUGH 12/31/2022 | Trustee/director, Officer | $0 | $0 | $0 |
| MR BOB HOVIS | DIRECTOR | Trustee/director | $0 | $30,589 | $0 |
| MR DAN BOYD | DIRECTOR | Trustee/director | $0 | $0 | $0 |
| MR DANNY WHARTON | CHIEF OPERATING OFFICER | Key employee | $562,270 | $0 | $122,842 |
| MR DAVID O'CONNOR | EVP/CFO/ASST. TREASURER | Officer | $884,243 | $0 | $174,464 |
| MR DAVID PAYSEUR | TREASURER AS OF 1/1/2023 | Trustee/director, Officer | $0 | $0 | $0 |
| MR FRANK MURPHY | VP STRATEGY BUSINESS DEVELOPMENT | Highest-compensated employee | $505,337 | $0 | $107,239 |
| MR FRANK STEWART | DIRECTOR | Trustee/director | $0 | $0 | $0 |
| MR JASON AUSTELL | DIRECTOR | Trustee/director | $0 | $0 | $0 |
| MR JAY MCGRAW | DIRECTOR | Trustee/director | $0 | $0 | $0 |
| MR JEFFREY CASH | CHAIR AS OF 1/1/2023 | Trustee/director, Officer | $0 | $0 | $0 |
| MR JOSEPH DAVIS JR | DIRECTOR | Trustee/director | $0 | $0 | $0 |
| MR K CHRISTOPHER PEEK | CEO | Officer | $1,558,081 | $0 | $286,732 |
| MR RICHARD BLACKBURN | VP SUPPORT SERVICES | Highest-compensated employee | $462,254 | $0 | $114,991 |
| MR TOM EFIRD | DIRECTOR | Trustee/director | $0 | $0 | $0 |
| MR WILLIAM ANTHONY | DIRECTOR | Trustee/director | $0 | $0 | $0 |
| MS ANNETTE CARTER | DIRECTOR | Trustee/director | $0 | $0 | $0 |
| MS ASHLEY LONG | VP CHIEF NURSING OFFICER | Highest-compensated employee | $489,380 | $0 | $64,693 |
| MS JANIE PEAK | DIRECTOR | Trustee/director | $0 | $0 | $0 |
| MS KATHLEEN BESSON | SPECIAL ADVISOR TO CEO | Key employee | $687,295 | $0 | $73,014 |
| MS LEIGH HICKMAN | CLO/ASST. SEC. | Officer | $465,494 | $0 | $103,464 |
| MS ROBIN LANG | VP CHIEF INFORMATION OFFICER | Highest-compensated employee | $503,360 | $0 | $92,832 |
| REVBENJAMIN HINTON | DIRECTOR | Trustee/director | $0 | $0 | $0 |
| REVPEARL BURRIS-FLOYD | SECRETARY | Trustee/director, Officer | $0 | $119,248 | $0 |
E-file object id 202411209349300641. The IRS archive it was read from.
Follow this hospital, free
We send this record now and tell you when it files again.
More short-term acute care hospitals in North Carolina
From the publisher of Velarion Records
Velarion Intel
Independent Decision-Grade Intelligence
Compensation and corporate governance intelligence for advisors, investors and companies. Executive and board pay for public companies, benchmarked against peers.
Figures: CMS Healthcare Cost Report Information System, file HOSP10FY2024.ZIP, form CMS-2552-10, filed under CMS certification number 340032. Patients and payers: worksheet S-3 Part I of the same filing. Ownership: CMS Hospital All Owners and Hospital Enrollments.
How this page was built: the CMS Medicare cost report, file HOSP10FY2024.ZIP, read September 18, 2026.