Velarion Records

Critical access hospital · Plymouth, North Carolina · 25 beds · CMS certification number 341314

Washington Regional Medical Center

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended December 31, 2025, as submitted, stamped by CMS July 14, 2026. 23 years on file, every one shown below.

Fiscal 2025 at a glance

Net patient revenue
$19.2M
$19,240,653 · G-3 line 3
Operating expenses
$20.7M
$20,652,470 · G-3 line 4
Result from patient care
−$1.4M
−$1,411,817 · G-3 line 5
Margin on patient care
−7.3%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue rose from $13.7M in its first year on file (2003) to $19.2M in 2025.
  • Its result from patient care: −$1.9M (2023), −$1.9M (2024), −$1.4M (2025).
  • 1 of the 5 critical access hospital peers below with a margin on file also reports a loss on patient care for fiscal year 2025.
  • Medicaid paid for 2.1% of its inpatient days and Medicare for 35.8%.
  • FRANK IV AVIGNONE holds 0% of it, on its Medicare enrollment.

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

23 years of filings

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

Net patient revenueOperating expenses
2003
reopened
$13.7M
$14.4M
2004
reopened
$14.4M
$15.3M
2005
reopened
$13.3M
$12.0M
2006
settled with audit
$11.6M
$11.9M
2007
settled
$3.6M
$3.8M
2008
settled
$14.7M
$14.7M
2009
reopened
$13.9M
$14.5M
2010
settled with audit
$13.9M
$13.8M
2011
settled
not filed
$12.4M
2012
reopened
$14.7M
$14.4M
2013
settled
$13.4M
$12.9M
2014
settled
$7.8M
$12.2M
2015
settled
$6.2M
$10.6M
2016
settled
$6.0M
$9.0M
2017
settled
$12.7M
$14.1M
2018
settled
$11.1M
$12.0M
2019
settled
$5.6M
$8.2M
2020
settled
$11.3M
$11.5M
2021
settled
$16.1M
$20.8M
2022
settled
$13.8M
$17.3M
2023
settled
$14.6M
$16.5M
2024
as submitted
$13.7M
$15.6M
2025
as submitted
$19.2M
$20.7M

Beside its peers

Critical access hospitals in North Carolina with 25 to 49 beds, each on fiscal year 2025.

HospitalBedsNet patient revenueOperating expensesMargin
Washington Regional Medical Center25$19,240,653$20,652,470−7.3%
Chatham Hospital, Siler City25$60,173,363$52,453,81112.8%
ECU Health Chowan Hospital, Edenton25$89,729,491$68,733,84323.4%
Lifebrite Community Hospital of Stokes, Danbury25$12,417,954$13,777,147−10.9%
Novant Health Pender Medical Center, Burgaw25$48,359,864$40,318,21316.6%
MH Transylvania Regional Hospital, LLLP, Brevard25$58,518,338$52,179,93510.8%

Patients and payers

Discharges
348
S-3 line 14, col 15
Inpatient days
2,229
S-3 line 14, col 8
Beds in use, on an average day
6.1
days ÷ days in year
Occupancy
24.4%
days ÷ bed days
Medicare share of days
35.8%
S-3 cols 6 ÷ 8
Medicaid share of days
2.1%
S-3 cols 7 ÷ 8

Who owns it

  • FRANK IV AVIGNONE0%

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

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

Community benefit, as filed

From IRS Form 990 Schedule H, Part I, filed by CENTENNIAL HOUSING & COMMUNITY SERVICES CORPORATION (employer identification number 842516855) for tax year 2023. The return lists this hospital as its one hospital facility.

FigureAs filedWhere it comes from
Total community benefit expense (line 7k)$0IRS Form 990 Schedule H, Part I, <TotalCommunityBenefitsGrp><NetCommunityBenefitExpnsAmt>
Financial assistance at cost (line 7a)$0IRS Form 990 Schedule H, Part I, <FinancialAssistanceAtCostTyp><NetCommunityBenefitExpnsAmt>
Medicaid (line 7b)$0IRS Form 990 Schedule H, Part I, <UnreimbursedMedicaidGrp><NetCommunityBenefitExpnsAmt>
Financial assistance and means-tested government programs (line 7d)$0IRS Form 990 Schedule H, Part I, <TotalFinancialAssistanceTyp><NetCommunityBenefitExpnsAmt>
Other benefits (line 7j)$0IRS Form 990 Schedule H, Part I, <TotalOtherBenefitsGrp><NetCommunityBenefitExpnsAmt>
Total, fraction of total expense (line 7k, column f)0IRS Form 990 Schedule H, Part I, <TotalCommunityBenefitsGrp><TotalExpensePct>

E-file object id 202413459349300326. The IRS archive it was read from.

Executive and director compensation, as filed

From IRS Form 990 Part VII, Section A, filed by CENTENNIAL HOUSING &amp; COMMUNITY SERVICES CORPORATION (employer identification number 842516855) for tax year 2023. The return lists this hospital as its one hospital facility.

NameTitleRoleReportable comp, from this organizationReportable comp, from related organizationsOther compensation
Amanze UgojiChief Executive OfficerOfficer, Former$372,815$0$0
Bruce PattersonEVP Business Development & Business AffairsKey employee$218,392$0$0
Cameron SmithNurse PractitionerHighest-compensated employee$328,721$0$0
Chrystie StoweNurse PractitionerHighest-compensated employee$233,392$0$0
Frank AvignoneChief Executive Officer - currentOfficer$157,500$0$0
Lois RobersonDoctorate Prepared Nurse PractitionerHighest-compensated employee$279,970$0$0
Russell AnduzaChief Information Technology OfficerOfficer$161,538$0$0
Timothy MadiganPhysicianHighest-compensated employee$273,075$0$0
Tonda GarrisonChief Operating OfficerOfficer$166,154$0$0

E-file object id 202413459349300326. The IRS archive it was read from.

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Figures: CMS Healthcare Cost Report Information System, file HOSP10FY2025.ZIP, form CMS-2552-10, filed under CMS certification number 341314. 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 July 14, 2026.