Velarion Records

Critical access hospital · Columbus, North Carolina · 25 beds · CMS certification number 341322

Adventhealth Polk

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended September 30, 2025, as submitted, stamped by CMS February 27, 2026. Twenty years on file, every one shown below. Also on the 340B covered-entity register.

Fiscal 2025 at a glance

Net patient revenue
$44.4M
$44,380,868 · G-3 line 3
Operating expenses
$54.2M
$54,195,655 · G-3 line 4
Result from patient care
−$9.8M
−$9,814,787 · G-3 line 5
Margin on patient care
−22.1%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue rose from $20.6M in its first year on file (2006) to $44.4M in 2025.
  • Its result from patient care: −$1.4M (2023), $2.0M (2024), −$9.8M (2025).
  • 2 of the 5 critical access hospital peers below with a margin on file also report a loss on patient care for fiscal year 2025.
  • Medicaid paid for 0.3% of its inpatient days and Medicare for 39.1%.
  • ADVENTIST HEALTH SYSTEM SUNBELT HEALTHCARE CORPORATION holds 100% of it, on its Medicare enrollment.

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

Twenty years of filings

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

Net patient revenueOperating expenses
2006
settled
$20.6M
$24.1M
2007
settled
$22.4M
$24.2M
2008
settled with audit
$23.0M
$24.6M
2009
settled with audit
$25.4M
$26.9M
2010
settled with audit
$27.1M
$26.7M
2011
settled
$28.5M
$28.5M
2012
settled
$28.9M
$28.5M
2013
settled with audit
$29.8M
$30.2M
2014
settled with audit
$32.8M
$32.3M
2015
settled with audit
$35.5M
$34.7M
2016
settled
$36.0M
$35.7M
2017
settled
$41.2M
$41.5M
2018
settled
$41.6M
$43.8M
2019
settled
$40.7M
$43.7M
2020
settled
$41.0M
$44.5M
2021
settled
$50.4M
$48.0M
2022
settled
$50.4M
$51.3M
2023
amended
$44.0M
$45.4M
2024
as submitted
$50.2M
$48.2M
2025
as submitted
$44.4M
$54.2M

Beside its peers

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

HospitalBedsNet patient revenueOperating expensesMargin
Adventhealth Polk25$44,380,868$54,195,655−22.1%
Washington Regional Medical Center, Plymouth25$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%

Patients and payers

Discharges
806
S-3 line 14, col 15
Inpatient days
3,500
S-3 line 14, col 8
Beds in use, on an average day
9.6
days ÷ days in year
Occupancy
38.4%
days ÷ bed days
Medicare share of days
39.1%
S-3 cols 6 ÷ 8
Medicaid share of days
0.3%
S-3 cols 7 ÷ 8

Who owns it

  • ADVENTIST HEALTH SYSTEM SUNBELT HEALTHCARE CORPORATION100%

Related organizations on its own cost report: ADVENTHEALTH (100%), hosptal mgmt; GORDON (100%), accounting; HENDERSONVILLE (100%), shared svcs.

Other hospitals with the same owner: Adventhealth Porter (CO), Adventhealth Avista (CO), Adventhealth Littleton (CO), Adventhealth Parker (CO), Adventhealth Castle Rock (CO), Encompass Health Rehabilitation Hospital of Littleton (CO), Adventhealth Orlando (FL), Adventhealth New Smyrna Beach (FL), Adventhealth Deland (FL), Adventhealth Zephyrhills (FL), Adventhealth North Pinellas (FL).

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

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 ST LUKE'S HOSPITAL INC (employer identification number 560554222) for tax year 2022. The return lists this hospital as its one hospital facility.

FigureAs filedWhere it comes from
Total community benefit expense (line 7k)$3,296,016IRS Form 990 Schedule H, Part I, <TotalCommunityBenefitsGrp><NetCommunityBenefitExpnsAmt>
Financial assistance at cost (line 7a)$242,489IRS Form 990 Schedule H, Part I, <FinancialAssistanceAtCostTyp><NetCommunityBenefitExpnsAmt>
Medicaid (line 7b)$1,298,667IRS Form 990 Schedule H, Part I, <UnreimbursedMedicaidGrp><NetCommunityBenefitExpnsAmt>
Financial assistance and means-tested government programs (line 7d)$1,541,156IRS Form 990 Schedule H, Part I, <TotalFinancialAssistanceTyp><NetCommunityBenefitExpnsAmt>
Other benefits (line 7j)$1,754,860IRS Form 990 Schedule H, Part I, <TotalOtherBenefitsGrp><NetCommunityBenefitExpnsAmt>
Total, fraction of total expense (line 7k, column f)0.0892IRS Form 990 Schedule H, Part I, <TotalCommunityBenefitsGrp><TotalExpensePct>

E-file object id 202412269349302061. The IRS archive it was read from.

Executive and director compensation, as filed

From IRS Form 990 Part VII, Section A, filed by ST LUKE'S HOSPITAL INC (employer identification number 560554222) for tax year 2022. The return lists this hospital as its one hospital facility.

NameTitleRoleReportable comp, from this organizationReportable comp, from related organizationsOther compensation
BEN ELLINGTONCOMMUNITY REPTrustee/director$0$0$0
BILL MILLERCHAIRTrustee/director, Officer$0$0$0
ELIZABETH PRESNELLCFOOfficer$197,385$0$39,399
FRANK SAVAGE MDCHIEF MEDICAL OFFICERTrustee/director$0$323,208$63,884
JEFFREY VIAR MDTRUSTEETrustee/director$0$226,812$48,781
JOE STEPHENSONOCONLOGISTHighest-compensated employee$260,436$0$8,997
KATHY HEFNERCNOOfficer$148,362$0$16,172
LINDA GREENSFELDER PHDSECRETARYTrustee/director, Officer$0$0$0
LINDA SCHUTTERVICE CHAIRTrustee/director, Officer$0$0$0
LUELLA DECARLEOR DIRECTORHighest-compensated employee$128,831$0$4,770
LYNN HENSLEYVP OF ABULATORY SERVICESHighest-compensated employee$165,633$0$14,260
MARCHE PITTMANTRUSTEETrustee/director$0$0$0
MICHELLE FORTUNECEOOfficer$479,874$0$56,720
PAUL BEILERTRUSTEETrustee/director$0$0$0
SAVANAH HIGHTOWER MDOCONLOGISTHighest-compensated employee$138,028$0$20,500
SHARON DECKERTRUSTEETrustee/director$0$0$0
WILSON KEMPCARDIOLOGISTHighest-compensated employee$161,703$0$4,686

E-file object id 202412269349302061. The IRS archive it was read from.

Follow this hospital, free

We send this record now and tell you when it files again.

More critical access 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 341322. 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 February 27, 2026.