Velarion Records

Short-term acute care hospital · Winston-Salem, North Carolina · 857 beds · CMS certification number 340047

North Carolina Baptist Hospital

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended December 31, 2025, as submitted, stamped by CMS June 5, 2026. 29 years on file, every one shown below. Also on the 340B covered-entity register.

Fiscal 2025 at a glance

Net patient revenue
$3.0B
$2,988,922,677 · G-3 line 3
Operating expenses
$3.8B
$3,760,630,146 · G-3 line 4
Result from patient care
−$771.7M
−$771,707,469 · G-3 line 5
Margin on patient care
−25.8%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue rose from $399.0M in its first year on file (1997) to $3.0B in 2025.
  • Its result from patient care: −$4.3M (2023), −$617.6M (2024), −$771.7M (2025).
  • 1 of the 5 short-term acute care hospital peers below with a margin on file also reports a loss on patient care for fiscal year 2025.
  • Medicaid paid for 3.9% of its inpatient days and Medicare for 13.1%.
  • NORTH CAROLINA BAPTIST HOSPITAL holds 100% of it, on its Medicare enrollment.

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.

Net patient revenueOperating expenses
1997
reopened
$399.0M
$379.2M
1998
settled with audit
$435.5M
$417.5M
1999
settled with audit
$444.7M
$440.5M
2000
settled with audit
$477.5M
$468.0M
2001
reopened
$519.4M
$522.2M
2002
reopened
$582.1M
$559.7M
2003
reopened
$615.7M
$617.3M
2004
reopened
$686.9M
$683.8M
2005
settled with audit
$711.4M
$724.8M
2006
reopened
$736.3M
$744.0M
2007
reopened
$777.5M
$783.8M
2008
reopened
$826.0M
$826.1M
2009
settled with audit
$849.0M
$858.3M
2010
reopened
$888.8M
$877.6M
2011
settled with audit
$984.3M
$980.3M
2012
settled with audit
$1.2B
$1.2B
2013
reopened
$1.1B
$1.2B
2014
reopened
$1.1B
$1.2B
2015
settled
$1.3B
$1.3B
2016
settled
$1.4B
$1.4B
2017
settled
$1.5B
$1.5B
2018
settled
$1.6B
$1.6B
2019
settled
$1.7B
$1.8B
2020
settled with audit
$1.7B
$1.9B
2021
amended
$2.0B
$2.0B
2022
amended
$2.2B
$2.3B
2023
amended
$2.7B
$2.7B
2024
amended
$2.4B
$3.0B
2025
as submitted
$3.0B
$3.8B

Beside its peers

Short-term acute care hospitals in North Carolina with 400 and over beds, each on fiscal year 2025.

HospitalBedsNet patient revenueOperating expensesMargin
North Carolina Baptist Hospital857$2,988,922,677$3,760,630,146−25.8%
Carolinas Medical Center, Charlotte1,219$4,444,918,592$4,333,038,7712.5%
Novant Health Forsyth Medical Center, Winston Salem967$1,734,594,805$1,855,247,204−7.0%
ECU Health Medical Center, Greenville1,013$1,873,700,850$1,834,255,1762.1%
Cone Health, Greensboro806$1,948,809,443$1,798,525,3117.7%
UNC Hospitals, Chapel Hill842$3,606,086,345$2,989,067,52217.1%

Patients and payers

Discharges
52,874
S-3 line 14, col 15
Inpatient days
269,757
S-3 line 14, col 8
Beds in use, on an average day
741.1
days ÷ days in year
Occupancy
90.5%
days ÷ bed days
Medicare share of days
13.1%
S-3 cols 6 ÷ 8
Medicaid share of days
3.9%
S-3 cols 7 ÷ 8

Who owns it

  • NORTH CAROLINA BAPTIST HOSPITAL100%

Related organizations on its own cost report: WFU HEALTH SCIENCES (50%), health care; DAVIE COUNTY HOSPITAL (50%), health care; LEXINGTON MEMOR (50%), health care; WILKES REGIONAL (50%), health care; HIGH POINT REGI (50%), health care.

Other hospitals with the same owner: High Point Medical Center (NC), Wilkes Regional Medical Center (NC), Lexington Medical Center (NC).

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

Owners of 5% or more, from CMS’s hospital ownership file (Medicare enrollment, October 1, 2026).

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 340047. 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 HOSP10FY2025.ZIP, read June 5, 2026.