Roanoke, VA
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Sign In — Free (10 views/day)Carilion Medical Center, founded in 1899, is a large national nonprofit in the Health Care sector that reported $2.0B in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $1.9B left a modest 3% surplus.
Our mission is to improve the health of the communities we serve through our commitment to a common purpose of better patient care, better community health, and lower cost.
Carilion Medical Center (CMC) is an affiliate of Carilion Clinic, a not-for-profit health system headquartered in Roanoke, Virginia. CMC includes Carilion Roanoke Memorial Hospital, Carilion Roanoke...
Carilion Medical Center (CMC) is an affiliate of Carilion Clinic, a not-for-profit health system headquartered in Roanoke, Virginia. CMC includes Carilion Roanoke Memorial Hospital, Carilion Roanoke Community Hospital and surrounding clinics and practices. Carilion Roanoke Memorial Hospital's commitment to improving the health of its community is recognized through its ranking among the elite 11% of Best Hospitals nationally and among the top three hospitals in Virginia by U.S. News and World Report. CMC also has earned five Magnet designations for nursing excellence, placing it in the top 1% of hospitals globally and the only one in Virginia to earn the honor. Committed to innovation and clinical excellence and supported by education and research, Carilion operates a regional cancer center, the region's only Level I Trauma Center, and the region's only pediatric center of excellence, with an inpatient unit within Carilion Roanoke Memorial Hospital that includes a pediatric intensive care unit, Virginia's third largest neonatal ICU, trauma care and western Virginia's only pediatric Level I Trauma Center. CMC admitted over 35,253 patients, delivered 3,274 babies, and provided 211,891 days of care in fiscal year 2024. With nearly 85,000 visits, CMC's emergency services are a critical component of the health safety net in its service area, acting as a key health provider for a significant number of uninsured patients, who comprise about 7 percent of ED visits. More than a dozen pediatric sub-specialties are housed at Carilion Children's freestanding outpatient clinic. They include physical, occupational and speech therapies, and ENT/audiology, mental health and dentistry services. In addition, CMC physicians provide care in a range of specialties at numerous clinic practice sites on and near its Roanoke hospital campuses as well as throughout the Western Virginia region. To meet the growing need for care in Southwest Virginia, in Summer 2025 Carilion opened a $500 million tower addition to Carilion Roanoke Memorial Hospital. The 12-story, 500,000-square-foot Crystal Spring Tower is home to the Carilion Clinic Cardiovascular Institute and a significantly expanded Emergency Department. In addition to providing medical care, Carilion invests significantly in medical education. The health system's Graduate Medical Education program, based at Carilion Roanoke Memorial Hospital, trains more than 300 residents and fellows in 29 programs with nearly half of program graduates remaining in Southwest Virginia to care for patients in the region. Through partnerships with premier institutions like Virginia Tech and Radford University, Carilion also provides undergraduate medical education and training at CMC for physicians, nurses and a range of allied health professionals. In addition, CMC provides numerous community health screenings and education on chronic disease prevention and management, invests in an internal community health workforce, and partners with community organizations to identify and address health needs. To advance its not-for-profit mission, Carilion cares for all patients regardless of their ability to pay. Stated at cost, in fiscal year 2024, CMC provided nearly $76 million in uncompensated care and other community support . Carilion Medical Center's achievements in patient care, education, and community support demonstrate its steadfast commitment to meeting the needs of the communities it serves.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $1,983,462,548 | $1,742,822,940 | +0.1% |
| Expenses | $1,918,638,997 | $1,769,567,616 | +0.1% |
| Net Income | $64,823,551 | $-26,744,676 | -3.4% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
Financial Distress Indicator
Liquidity & Cash Position
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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Damon Williams | Director/Chair | 2.0 |
Officer
Director
|
$0 | $0 | $10,748 |
| Steven Arner | Director/President/CEO | 42.0 |
Officer
Director
|
$0 | $209,618 | $1,619,810 |
| Ann Hoff PhD | Director | 2.0 |
Director
|
$0 | $0 | $1,123 |
| Cathy Jo Swanson MD | Director / Chief of Medical Staff | 2.0 |
Director
|
$90,000 | $0 | $90,000 |
| Daniel Tershak MD | Director/Chief of Medical Staff | 50.0 |
Director
|
$530,882 | $31,520 | $562,402 |
| Isabel Thornton | Director | 2.0 |
Director
|
$0 | $0 | $0 |
| Jamie Greenawalt | Director | 2.0 |
Director
|
$0 | $0 | $0 |
| Janet Frantz | Director | 2.0 |
Director
|
$0 | $0 | $1,123 |
| Katherin Elam | Director | 2.0 |
Director
|
$0 | $0 | $0 |
| Kianna Price Marshall | Director | 2.0 |
Director
|
$0 | $0 | $1,123 |
| Lee Learman MD PhD | Director/Physician | 4.6 |
Director
|
$8,655 | $0 | $8,655 |
| Michael Nussbaum MD | Director/SVP/Surgical Services Chair | 50.0 |
Director
|
$976,550 | $41,513 | $1,018,063 |
| Paul Haskins MD | Director/Physician | 50.0 |
Director
|
$382,001 | $85,501 | $467,502 |
| Donald Halliwill | Asst. Treasurer | 0.5 |
Officer
|
$0 | $167,911 | $1,287,159 |
| G Robert Vaughan Jr | Treasurer | 0.5 |
Officer
|
$0 | $71,002 | $529,010 |
| J Harrison Lapuasa | Asst. Treasurer | 0.5 |
Officer
|
$0 | $-1,202 | $32,907 |
| Julie Smith-Hamilton | Asst. Secretary | 0.5 |
Officer
|
$0 | $18,375 | $79,103 |
| Nicholas Conte | Secretary | 3.0 |
Officer
|
$0 | $174,893 | $1,198,610 |
| Daniel Harrington MD | Interim Chief Medical Officer/EVP | 50.0 |
Key Emp
|
$0 | $2,444 | $332,683 |
| John Jane MD | SVP, Chair Neurosurgery | 50.0 |
Key Emp
|
$654,291 | $72,718 | $727,009 |
| Jon Sweet MD | SVP/Chair, Dept. of Medicine | 50.0 |
Key Emp
|
$596,807 | $82,527 | $679,334 |
| Joseph Moskal MD | SVP/Chair, Dept. of Orthopedics | 50.0 |
Key Emp
|
$1,421,697 | $24,727 | $1,446,424 |
| Michael Abbott | Senior Vice President | 50.0 |
Key Emp
|
$361,790 | $100,258 | $462,048 |
| Nancy Howell Agee | CEO, Carilion Clinic | 2.0 |
Key Emp
|
$0 | $1,792 | $3,832,497 |
| Adeolu Olasunkanmi MD | Physician | 50.0 |
Highest
|
$1,352,897 | $21,026 | $1,373,923 |
| Cara Rogers MD | Physician | 50.0 |
Highest
|
$1,111,647 | $24,505 | $1,136,152 |
| Eric Marvin MD | Physician | 50.0 |
Highest
|
$1,546,060 | $20,234 | $1,566,294 |
| Gregory Howes MD | Physician | 50.0 |
Highest
|
$1,476,712 | $31,500 | $1,508,212 |
| Jonathan Carmouche MD | Physician | 50.0 |
Highest
|
$1,620,383 | $26,135 | $1,646,518 |
| David Hagadorn | Former Officer | 0.0 |
|
$0 | $25,072 | $184,176 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $1,983,462,548 | $1,918,638,997 | $2,217,235,562 | $64,823,551 |
| 2023 | $1,742,822,940 | $1,769,567,616 | $1,989,095,314 | $-26,744,676 |
| 2022 | $1,707,278,174 | $1,711,194,836 | $1,949,690,459 | $-3,916,662 |
| 2021 | $1,763,656,748 | $1,586,779,603 | $2,196,887,752 | $176,877,145 |
| 2020 | $1,508,211,860 | $1,403,447,594 | $1,930,321,569 | $104,764,266 |
| 2019 | $1,489,550,023 | $1,382,660,716 | $1,528,858,933 | $106,889,307 |
| 2018 | $1,381,655,878 | $1,319,983,975 | $1,471,060,258 | $61,671,903 |
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