Velarion Records

Short-term acute care hospital · Morehead City, North Carolina · 99 beds · CMS certification number 340142

Carteret Health Care

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended September 30, 2025, as submitted, stamped by CMS March 3, 2026. 30 years on file, every one shown below.

Fiscal 2025 at a glance

Net patient revenue
$215.8M
$215,831,920 · G-3 line 3
Operating expenses
$212.7M
$212,707,740 · G-3 line 4
Result from patient care
$3.1M
$3,124,180 · G-3 line 5
Margin on patient care
1.5%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue rose from $35.7M in its first year on file (1996) to $215.8M in 2025.
  • Its result from patient care: $14.6M (2023), $7.6M (2024), $3.1M (2025).
  • 3 of the 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 0.6% of its inpatient days and Medicare for 33.6%.

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
$35.7M
$34.0M
1997
settled
$39.9M
$37.5M
1998
settled
$42.6M
$39.6M
1999
settled
$45.4M
$41.8M
2000
settled
$49.3M
$48.0M
2001
reopened
$54.9M
$53.3M
2002
reopened
$58.0M
$56.5M
2003
reopened
$66.5M
$63.2M
2004
reopened
$71.8M
$70.0M
2005
reopened
$77.8M
$75.3M
2006
reopened
$87.2M
$86.6M
2007
reopened
$92.9M
$90.5M
2008
reopened
$97.8M
$91.9M
2009
reopened
$105.7M
$100.8M
2010
reopened
$117.1M
$106.5M
2011
reopened
$121.6M
$108.2M
2012
reopened
$124.4M
$111.9M
2013
reopened
$132.6M
$117.1M
2014
settled
$125.9M
$119.1M
2015
settled
$142.5M
$127.8M
2016
settled
$143.2M
$133.0M
2017
settled
$155.4M
$142.3M
2018
settled with audit
$163.7M
$147.4M
2019
settled
$174.8M
$150.6M
2020
settled
$166.6M
$152.7M
2021
settled
$181.1M
$165.3M
2022
settled
$187.2M
$175.2M
2023
as submitted
$205.5M
$190.9M
2024
as submitted
$207.5M
$199.9M
2025
as submitted
$215.8M
$212.7M

Beside its peers

Short-term acute care hospitals in North Carolina with 50 to 99 beds, each on fiscal year 2025.

HospitalBedsNet patient revenueOperating expensesMargin
Carteret Health Care99$215,831,920$212,707,7401.5%
Atrium Health Stanly, Albemarle97$65,598,923$52,380,39920.2%
Harris Regional Hospital, Sylva82$140,888,405$141,214,319−0.2%
Hugh Chatham Memorial Hospital, Elkin81$111,614,449$137,897,914−23.5%
Sentara Albemarle Regional Medical Center, Elizabeth City82$241,754,205$214,079,45111.5%
Wilmington Treatment Center, Wilmington92$38,590,756$30,832,31420.1%

Patients and payers

Discharges
5,713
S-3 line 14, col 15
Inpatient days
28,388
S-3 line 14, col 8
Beds in use, on an average day
78.0
days ÷ days in year
Occupancy
78.6%
days ÷ bed days
Medicare share of days
33.6%
S-3 cols 6 ÷ 8
Medicaid share of days
0.6%
S-3 cols 7 ÷ 8

Who owns it

Indirect owner: CARTERET COUNTY GENERAL HOSPITAL CORPORATION

Type of control on its cost report: governmental, city-county.

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 340142. 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 March 3, 2026.