Memorial Hospital Association
South Adams Street, Carthage, IL 62321- · Hancock County
Critical Access ★ CMS 4/5 Emergency services
At a glance
Latest cost report FY2024
Net patient revenue
$51.3M
Operating margin
-5.2%
Net income
$458K
Staffed beds
18
Annual discharges
419
Ownership & identity
Control, system & affiliation
Ownership / controlNonprofit (other) Health systemIowa Health System (13) Hospital typeCritical Access Phone(217) 357-8500 CMS star rating4 / 5 Emergency servicesYes
Net patient revenue trend
FY2019–FY2024
| Fiscal year | Net patient revenue |
|---|---|
| FY2019 | $26,265,971 |
| FY2020 | $30,673,613 |
| FY2021 | $39,617,222 |
| FY2022 | $43,192,435 |
| FY2023 | $46,823,738 |
| FY2024 | $51,303,274 |
Payer mix
Share of inpatient days
Medicare72.2%Medicaid4.6%Commercial & other23.3%
How Memorial Hospital Association compares
#147 of 209 Illinois hospitals by net patient revenue
Other Iowa Health System hospitals
Same health system · view all
Allen Memorial Hospital · Waterloo, IA $378.0M Grinnell Regional Medical Center · Grinnell, IA $70.4M Jones Regional Medical Center · Anamosa, IA $57.2M St. Lukes Methodist Hospital · Cedar Rapids, IA $482.5M The Finley Hospital · Dubuque, IA $148.6M Unitypoint Health-Marshalltown · Marshalltown, IA $82.3M Meriter Hospital INC. · Madison, WI $593.5M
Full financial detail
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🔒 5-year income statement & balance sheet
Line-by-line revenue, expenses, assets, liabilities and net assets for FY2020–FY2024, plus top Medicare DRGs, cost structure, EBITDAR, and Medicare reimbursement (IME, DSH, charity & uncompensated care).
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