Velarion Records

Short-term acute care hospital · Statesville, North Carolina · 155 beds · CMS certification number 340039

Iredell Memorial Hospital

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended September 30, 2025, as submitted, stamped by CMS March 4, 2026. 30 years on file, every one shown below.

Fiscal 2025 at a glance

Net patient revenue
$299.9M
$299,918,603 · G-3 line 3
Operating expenses
$274.3M
$274,279,748 · G-3 line 4
Result from patient care
$25.6M
$25,638,855 · G-3 line 5
Margin on patient care
8.6%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue rose from $63.5M in its first year on file (1996) to $299.9M in 2025.
  • Its result from patient care: $9.0M (2023), $8.1M (2024), $25.6M (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 4.2% of its inpatient days and Medicare for 22.9%.

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

30 years of filings

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

Net patient revenueOperating expenses
1996
reopened
$63.5M
$57.7M
1997
reopened
$67.2M
$64.0M
1998
reopened
$70.3M
$72.4M
1999
settled
$78.3M
$77.5M
2000
settled
$83.9M
$84.8M
2001
settled
$94.1M
$94.8M
2002
reopened
$102.4M
$103.3M
2003
reopened
$108.7M
$111.5M
2004
reopened
$116.3M
$118.0M
2005
reopened
$128.6M
$127.3M
2006
reopened
$132.5M
$128.5M
2007
reopened
$135.0M
$131.5M
2008
reopened
$139.2M
$134.9M
2009
reopened
$140.3M
$139.3M
2010
reopened
$131.7M
$132.1M
2011
reopened
$140.3M
$137.6M
2012
reopened
$138.9M
$143.4M
2013
settled
$137.0M
$144.2M
2014
settled
$136.8M
$143.6M
2015
settled
$152.6M
$150.4M
2016
settled
$160.3M
$162.1M
2017
settled
$167.1M
$167.3M
2018
settled
$168.1M
$170.3M
2019
settled
$182.6M
$179.5M
2020
settled
$181.5M
$178.5M
2021
settled
$207.8M
$201.0M
2022
settled
$228.0M
$219.5M
2023
as submitted
$244.4M
$235.5M
2024
as submitted
$262.0M
$253.8M
2025
as submitted
$299.9M
$274.3M

Beside its peers

Short-term acute care hospitals in North Carolina with 100 to 199 beds, each on fiscal year 2025.

HospitalBedsNet patient revenueOperating expensesMargin
Iredell Memorial Hospital155$299,918,603$274,279,7488.6%
UNC Health Blue Ridge, Morganton159$332,228,219$313,265,1475.7%
Columbus County Hospital, Whiteville154$163,353,559$134,101,83617.9%
Margaret R. Pardee Memorial Hospital, Pardee Hospital, UNC Health Pard, Hendersonville160$450,953,513$447,680,1680.7%
Onslow Memorial Hospital, Jacksonville162$227,546,292$191,403,13515.9%
Novant Health Matthews Medical Center, Matthews153$332,145,539$289,958,67912.7%

Patients and payers

Discharges
6,348
S-3 line 14, col 15
Inpatient days
31,638
S-3 line 14, col 8
Beds in use, on an average day
86.9
days ÷ days in year
Occupancy
55.9%
days ÷ bed days
Medicare share of days
22.9%
S-3 cols 6 ÷ 8
Medicaid share of days
4.2%
S-3 cols 7 ÷ 8

Who owns it

Related organizations on its own cost report: DAVIS MEMORIAL (100%), hospital manage.

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

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.

See what Intel shows

Figures: CMS Healthcare Cost Report Information System, file HOSP10FY2025.ZIP, form CMS-2552-10, filed under CMS certification number 340039. Patients and payers: worksheet S-3 Part I of the same filing.

How this page was built: the CMS Medicare cost report, file HOSP10FY2025.ZIP, read March 4, 2026.