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Short-term acute care hospital · Raleigh, North Carolina · 485 beds · CMS certification number 340114

Rex Hospital, UNC Rex Hospital

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended June 30, 2025, amended, stamped by CMS September 25, 2026. 30 years on file, every one shown below.

Enrolled with Medicare by Rex Hospital.

Fiscal 2025 at a glance

Net patient revenue
$1.8B
$1,813,043,000 · G-3 line 3
Operating expenses
$1.7B
$1,715,822,000 · G-3 line 4
Result from patient care
$97.2M
$97,221,000 · G-3 line 5
Margin on patient care
5.4%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue rose from $157.7M in its first year on file (1996) to $1.8B in 2025.
  • Its result from patient care: −$11.8M (2023), −$7.6M (2024), $97.2M (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 1.8% of its inpatient days and Medicare for 23.0%.
  • THE NEW TRUSTEES OF THE REX HOSPITAL INC holds 100% of it, on its Medicare enrollment.

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
settled
$157.7M
$178.8M
1997
settled
$197.8M
$194.9M
1998
settled
$229.0M
$234.2M
1999
settled
$252.2M
$248.5M
2000
settled
$286.5M
$293.8M
2001
reopened
$304.9M
$151.1M
2002
settled
$325.2M
$314.9M
2003
settled
not filed
$298.7M
2004
settled
$362.7M
$330.9M
2005
reopened
$365.0M
$345.4M
2006
reopened
$411.5M
$381.8M
2007
settled with audit
$452.6M
$413.2M
2008
reopened
$453.4M
$455.4M
2009
reopened
$495.0M
$492.6M
2010
reopened
$552.6M
$535.2M
2011
reopened
$608.3M
$579.8M
2012
reopened
$693.5M
$663.9M
2013
reopened
$701.7M
$686.1M
2014
reopened
$712.5M
$735.3M
2015
reopened
$813.7M
$843.0M
2016
reopened
$904.6M
$873.8M
2017
reopened
$986.6M
$947.1M
2018
reopened
$1.1B
$1.0B
2019
settled with audit
$1.1B
$1.1B
2020
settled
$1.1B
$1.1B
2021
settled
$1.2B
$1.2B
2022
settled
$1.3B
$1.4B
2023
amended
$1.5B
$1.5B
2024
amended
$1.6B
$1.6B
2025
amended
$1.8B
$1.7B

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
Rex Hospital, UNC Rex Hospital485$1,813,043,000$1,715,822,0005.4%
Atrium Health Cabarrus, Concord447$1,089,554,007$798,966,24526.7%
Caromont Regional Medical Center, Gastonia468$822,685,423$749,618,3098.9%
Novant Health New Hanover Regional Medical Center, Wilmington752$2,389,539,012$2,148,049,17810.1%
Novant Health Presbyterian Medical Center, Charlotte537$2,413,299,816$2,095,658,56513.2%
Wakemed Raleigh Campus, Raleigh721$1,569,204,496$1,484,303,3065.4%

Patients and payers

Discharges
32,037
S-3 line 14, col 15
Inpatient days
166,045
S-3 line 14, col 8
Beds in use, on an average day
456.2
days ÷ days in year
Occupancy
93.8%
days ÷ bed days
Medicare share of days
23.0%
S-3 cols 6 ÷ 8
Medicaid share of days
1.8%
S-3 cols 7 ÷ 8

Who owns it

  • THE NEW TRUSTEES OF THE REX HOSPITAL INC100%

Related organizations on its own cost report: UNC HOSPITALS, hospital; JOHNSTON, hospital; LENOIR MEMORIAL, hospital; UNC HEALTH, home office.

Type of control on its cost report: governmental, other.

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

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More short-term acute care hospitals in North Carolina

Figures: CMS Healthcare Cost Report Information System, file HOSP10FY2024.ZIP, form CMS-2552-10, filed under CMS certification number 340114. 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 25, 2026.

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