Velarion Records

Critical access hospital · Linville, North Carolina · 23 beds · CMS certification number 341323

Charles A Cannon Jr Memorial Hospital

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended June 30, 2025, as submitted, stamped by CMS December 4, 2025. Twenty years on file, every one shown below. Also on the 340B covered-entity register.

Fiscal 2025 at a glance

Net patient revenue
$28.0M
$27,991,435 · G-3 line 3
Operating expenses
$26.5M
$26,491,842 · G-3 line 4
Result from patient care
$1.5M
$1,499,593 · G-3 line 5
Margin on patient care
5.4%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue rose from $14.7M in its first year on file (2006) to $28.0M in 2025.
  • Its result from patient care: −$3.9M (2023), −$1.0M (2024), $1.5M (2025).
  • 4 of the 5 critical access hospital peers below with a margin on file also report a gain on patient care for fiscal year 2025.
  • Medicaid paid for 0.5% of its inpatient days and Medicare for 42.7%.

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
reopened
$14.7M
$19.3M
2007
reopened
$22.1M
$24.3M
2008
settled
$20.9M
$24.5M
2009
settled with audit
$21.0M
$22.4M
2010
settled
$20.8M
$21.0M
2011
settled
$19.7M
$21.6M
2012
settled with audit
$20.1M
$22.3M
2013
settled with audit
$21.1M
$23.0M
2014
reopened
$20.3M
$23.3M
2015
reopened
$24.4M
$27.5M
2016
settled
$25.0M
$26.8M
2017
settled
$22.9M
$25.9M
2018
settled
$19.3M
$23.4M
2019
settled
$19.2M
$23.3M
2020
settled
$17.2M
$23.1M
2021
settled
$21.2M
$25.8M
2022
settled
$20.2M
$24.8M
2023
as submitted
$16.0M
$19.8M
2024
as submitted
$26.6M
$27.6M
2025
as submitted
$28.0M
$26.5M

Beside its peers

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

HospitalBedsNet patient revenueOperating expensesMargin
Charles A Cannon Jr Memorial Hospital23$27,991,435$26,491,8425.4%
Cape Fear Valley-Bladen County Hospital, Elizabethtown21$62,263,190$39,131,30337.1%
Firsthealth Montgomery Memorial Hospital, Troy9$22,475,766$19,273,72014.2%
MH Highlands-Cashiers Medical Center, LLLP, Highlands24$30,218,969$37,082,186−22.7%
Swain County Hospital, Bryson City24$20,605,201$20,113,0772.4%
Outer Banks Health Hospital, Nags Head21$122,238,964$90,336,88526.1%

Patients and payers

Discharges
400
S-3 line 14, col 15
Inpatient days
1,495
S-3 line 14, col 8
Beds in use, on an average day
4.1
days ÷ days in year
Occupancy
17.8%
days ÷ bed days
Medicare share of days
42.7%
S-3 cols 6 ÷ 8
Medicaid share of days
0.5%
S-3 cols 7 ÷ 8

Who owns it

Indirect owner: APPALACHIAN REGIONAL HEALTHCARE SYSTEM INC

Related organizations on its own cost report: APPALACHIAN REGIONAL, home office.

Other hospitals with the same owner: Watauga Medical Center (NC), Dorothea Dix Behavioral Health Center (NC).

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 CHARLES A CANNON JR MEMORIAL (employer identification number 560529974) 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)$805,007IRS Form 990 Schedule H, Part I, <TotalCommunityBenefitsGrp><NetCommunityBenefitExpnsAmt>
Financial assistance at cost (line 7a)$105,125IRS Form 990 Schedule H, Part I, <FinancialAssistanceAtCostTyp><NetCommunityBenefitExpnsAmt>
Financial assistance and means-tested government programs (line 7d)$105,125IRS Form 990 Schedule H, Part I, <TotalFinancialAssistanceTyp><NetCommunityBenefitExpnsAmt>
Other benefits (line 7j)$699,882IRS Form 990 Schedule H, Part I, <TotalOtherBenefitsGrp><NetCommunityBenefitExpnsAmt>
Total, fraction of total expense (line 7k, column f)0.0399IRS Form 990 Schedule H, Part I, <TotalCommunityBenefitsGrp><TotalExpensePct>

E-file object id 202401369349315520. The IRS archive it was read from.

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Figures: CMS Healthcare Cost Report Information System, file HOSP10FY2024.ZIP, form CMS-2552-10, filed under CMS certification number 341323. 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 HOSP10FY2024.ZIP, read December 4, 2025.