Velarion Records

Short-term acute care hospital · Williamston, North Carolina · 43 beds · CMS certification number 340133

Martin General Hospital

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended April 30, 2023, settled, stamped by CMS November 6, 2025. 28 years on file, every one shown below.

Fiscal 2023 at a glance

Net patient revenue
$13.2M
$13,158,617 · G-3 line 3
Operating expenses
$29.6M
$29,602,857 · G-3 line 4
Result from patient care
−$16.4M
−$16,444,240 · G-3 line 5
Margin on patient care
−125.0%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue rose from $13.1M in its first year on file (1996) to $13.2M in 2023.
  • Its result from patient care: −$3.4M (2021), −$5.2M (2022), −$16.4M (2023).
  • 2 of the 5 short-term acute care hospital peers below with a margin on file also report a loss on patient care for fiscal year 2023.
  • Medicaid paid for 2.7% of its inpatient days and Medicare for 40.7%.

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

28 years of filings

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

Net patient revenueOperating expenses
1996
settled
$13.1M
$12.7M
1997
settled
$14.8M
$14.9M
1998
settled
$15.5M
$16.1M
1999
reopened
$8.7M
$8.1M
2000
reopened
$22.5M
$21.9M
2001
reopened
$20.0M
$24.1M
2002
settled
$18.7M
$19.9M
2003
settled
$21.0M
$22.0M
2004
settled
$55.5M
$23.1M
2005
settled
$23.9M
$24.1M
2006
settled
$26.0M
$25.7M
2007
reopened
$28.8M
$29.1M
2008
reopened
$30.4M
$30.3M
2009
reopened
$29.7M
$30.8M
2010
reopened
$30.1M
$32.0M
2011
settled
$28.1M
$31.6M
2012
reopened
$31.7M
$33.5M
2013
reopened
$31.7M
$33.8M
2014
reopened
$30.4M
$33.9M
2015
reopened
$29.7M
$36.3M
2016
reopened
$21.9M
$28.5M
2017
reopened
$30.7M
$24.3M
2018
settled
$22.8M
$26.0M
2019
reopened
$22.4M
$25.6M
2020
settled
$24.0M
$26.6M
2021
reopened
$24.4M
$27.7M
2022
settled
$25.5M
$30.7M
2023
settled
$13.2M
$29.6M

Beside its peers

Short-term acute care hospitals in North Carolina with 25 to 49 beds, each on fiscal year 2023.

HospitalBedsNet patient revenueOperating expensesMargin
Martin General Hospital43$13,158,617$29,602,857−125.0%
Cape Fear Valley Hoke Hospital, Raeford37$73,060,127$55,522,86024.0%
Davie Medical Center, Bermuda Run42$139,284,298$103,572,76025.6%
ECU Health Duplin Hospital, Kenansville49$76,051,280$74,440,3152.1%
Granville Health System, Oxford42$85,879,734$91,505,320−6.6%
Person Memorial Hospital, Roxoboro38$33,903,446$42,693,260−25.9%

Patients and payers

Discharges
583
S-3 line 14, col 15
Inpatient days
3,020
S-3 line 14, col 8
Beds in use, on an average day
8.3
days ÷ days in year
Occupancy
19.2%
days ÷ bed days
Medicare share of days
40.7%
S-3 cols 6 ÷ 8
Medicaid share of days
2.7%
S-3 cols 7 ÷ 8

Who owns it

Related organizations on its own cost report: QUORUM HEALTH C (100%), hospital mgt.

Type of control on its cost report: proprietary, corporation.

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 HOSP10FY2022.ZIP, form CMS-2552-10, filed under CMS certification number 340133. Patients and payers: worksheet S-3 Part I of the same filing.

How this page was built: the CMS Medicare cost report, file HOSP10FY2022.ZIP, read November 6, 2025.