Velarion Records

Short-term acute care hospital · Mooresville, North Carolina · 123 beds · CMS certification number 340129

Duke Health Lake Norman Hospital

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended June 30, 2025, amended, stamped by CMS September 17, 2026. 30 years on file, every one shown below.

Fiscal 2025 at a glance

Net patient revenue
$34.5M
$34,526,876 · G-3 line 3
Operating expenses
$36.0M
$36,021,776 · G-3 line 4
Result from patient care
−$1.5M
−$1,494,900 · G-3 line 5
Margin on patient care
−4.3%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue rose from $30.1M in its first year on file (1996) to $34.5M in 2025.
  • Its result from patient care: $32.8M (2023), $26.2M (2024), −$1.5M (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 2.0% of its inpatient days and Medicare for 19.8%.

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 with audit
$30.1M
$22.1M
1997
reopened
$30.9M
$22.7M
1998
settled
$33.7M
$24.2M
1999
reopened
$41.3M
$28.6M
2000
reopened
$57.6M
$38.5M
2001
settled
$70.8M
$46.3M
2002
reopened
$87.0M
$58.0M
2003
settled
$101.1M
$67.0M
2004
settled
$110.3M
$72.1M
2005
reopened
$106.6M
$72.0M
2006
reopened
$103.6M
$74.8M
2007
reopened
$106.0M
$78.3M
2008
reopened
$90.8M
$67.7M
2009
reopened
$120.3M
$93.4M
2010
reopened
$119.8M
$104.1M
2011
reopened
$121.7M
$106.1M
2012
settled
$127.5M
$114.2M
2013
reopened
$137.8M
$106.0M
2014
reopened
$127.9M
$108.0M
2015
settled
$136.1M
$108.8M
2016
settled
$117.6M
$91.6M
2017
settled
$121.1M
$91.4M
2018
settled
$121.8M
$91.4M
2019
settled
$123.8M
$93.0M
2020
settled
$114.2M
$89.5M
2021
settled
$130.7M
$97.5M
2022
settled
$134.7M
$102.6M
2023
settled
$142.6M
$109.8M
2024
settled
$144.2M
$118.1M
2025
amended
$34.5M
$36.0M

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
Duke Health Lake Norman Hospital123$34,526,876$36,021,776−4.3%
Central Carolina Hospital, Sanford127$85,272,646$92,214,916−8.1%
Cape Fear Valley Betsy Johnson Hospital, Dunn127$156,492,197$137,645,14812.0%
Haywood Regional Medical Center, Clyde121$180,518,253$179,812,5260.4%
Presbyterian Hospital Huntersville, Huntersville135$332,829,995$223,480,44032.9%
Watauga Medical Center, Boone121$211,084,738$200,775,7334.9%

Patients and payers

Discharges
816
S-3 line 14, col 15
Inpatient days
2,842
S-3 line 14, col 8
Beds in use, on an average day
31.6
days ÷ days in year
Occupancy
25.4%
days ÷ bed days
Medicare share of days
19.8%
S-3 cols 6 ÷ 8
Medicaid share of days
2.0%
S-3 cols 7 ÷ 8

Who owns it

Related organizations on its own cost report: DUHS, parent corp; PRMO, patient billing.

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

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Figures: CMS Healthcare Cost Report Information System, file HOSP10FY2025.ZIP, form CMS-2552-10, filed under CMS certification number 340129. 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 September 17, 2026.