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Long-term care hospital · Charlotte, North Carolina · 17 beds · CMS certification number 342021

Continuecare Hospital at University

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended March 14, 2022, settled, stamped by CMS March 20, 2023. Six years on file, every one shown below.

Fiscal 2022 at a glance

Net patient revenue
$4.7M
$4,713,909 · G-3 line 3
Operating expenses
$6.8M
$6,779,950 · G-3 line 4
Result from patient care
−$2.1M
−$2,066,041 · G-3 line 5
Margin on patient care
−43.8%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue fell from $5.9M in its first year on file (2017) to $4.7M in 2022.
  • Its result from patient care: $196K (2020), −$278K (2021), −$2.1M (2022).
  • 3 of the 5 long-term care hospital peers below with a margin on file also report a loss on patient care for fiscal year 2022.

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

Six years of filings

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

Net patient revenueOperating expenses
2017
settled
$5.9M
$7.1M
2018
settled
$6.9M
$7.9M
2019
settled
$9.8M
$9.6M
2020
settled
$9.6M
$9.4M
2021
settled
$8.8M
$9.1M
2022
settled
$4.7M
$6.8M

Beside its peers

Hospitals of the same type (long-term care hospital), nearest in size, from North Carolina first; each on fiscal year 2022.

HospitalBedsNet patient revenueOperating expensesMargin
Continuecare Hospital at University17$4,713,909$6,779,950−43.8%
Asheville Specialty Hospital, Asheville34$14,388,655$19,116,647−32.9%
Carolinas Continuecare Hospital at Pineville, Charlotte40$19,380,756$18,614,9734.0%
Pam Specialty Hospital of Rocky Mount, Rocky Mount50$25,138,202$22,593,56810.1%
Select Specialty Hospital Durham, Durham30$18,862,629$19,502,669−3.4%
Select Specialty Hospital Greensboro at the Moses H Cone Memorial Hosp, Greensboro30$15,891,206$18,454,830−16.1%

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Figures: CMS Healthcare Cost Report Information System, file HOSP10FY2021.ZIP, form CMS-2552-10, filed under CMS certification number 342021.

How this page was built: the CMS Medicare cost report, file HOSP10FY2021.ZIP, read March 20, 2023.