ROWAN REGIONAL MEDICAL CENTER INC

Financial Trends

Organization Details

ROWAN REGIONAL MEDICAL CENTER INC, founded in 1933, is a mid-sized nonprofit that reported $21.7M in total revenue in fiscal year 2021. Revenue fell 93% from the prior year — a significant decline worth monitoring. Expenses of $25.6M exceeded revenue, resulting in a 18% operating deficit.

Mission

ROWAN REGIONAL MEDICAL CENTER, INC. DOING BUSINESS AS NOVANT HEALTH ROWAN MEDICAL CENTER, WAS AN INTEGRAL PART OF THE NOVANT HEALTH SYSTEM (COLLECTIVELY KNOWN AS "NOVANT HEALTH"), A NOT-FOR-PROFIT INTEGRATED GROUP OF HOSPITALS, PHYSICIAN CLINICS, OUTPATIENT CENTERS AND OTHER HEALTHCARE SERVICE PROVIDERS. NOVANT HEALTH CONSISTS OF OVER 2,300 PHYSICIANS AND OVER 35,000 TEAM MEMBERS WHO MAKE HEALTHCARE REMARKABLE AT MORE THAN 800 LOCATIONS, INCLUDING 14 MEDICAL CENTERS AND HUNDREDS OF OUTPATIENT FACILITIES AND PHYSICIAN CLINICS. HEADQUARTERED IN WINSTON SALEM, NC, NOVANT HEALTH IS COMMITTED TO MAKING HEALTHCARE REMARKABLE FOR PATIENTS AND COMMUNITIES, SERVING MORE THAN SIX MILLION PATIENTS ANNUALLY. NOVANT HEALTH ROWAN MEDICAL CENTER EXISTS TO IMPROVE THE HEALTH OF THE COMMUNITIES THEY SERVE WITH A VISION OF PROVIDING A REMARKABLE PATIENT EXPERIENCE IN EVERY DIMENSION, EVERY TIME. NOVANT HEALTH ROWAN MEDICAL CENTER IS A 268-BED HOSPITAL OFFERING A WIDE RANGE OF SERVICES IN EMERGENCY, MATERNITY, SURGERY, CANCER, REHABILITATION AND OTHER SPECIALTY CARE. IN JANUARY 2022, ROWAN REGIONAL MEDICAL CENTER, INC. CONVERTED TO A LIMITED LIABILITY COMPANY WHOLLY OWNED BY NOVANT HEALTH, INC, A TAX-EXEMPT HEALTHCARE ORGANIZATION, AND ALL CONTINUING OPERATIONS ARE REPORTED ON THE NOVANT HEALTH, INC.'S FORM 990. COMMUNITY BENEFIT REPORT THE COMMUNITY BENEFIT REPORT, REFERRED TO AS A COMMUNITY IMPACT REPORT, PREPARED BY NOVANT HEALTH IS A SYSTEM-WIDE REPORT THAT INCLUDES QUALITATIVE AND QUANTITATIVE INFORMATION. PLEASE NOTE THAT THE NUMERIC DATA IN THIS REPORT IS NOT BASED UPON THE FORM 990, SCHEDULE H CRITERIA, BUT RATHER IT HAS BEEN PREPARED IN ACCORDANCE WITH THE NORTH CAROLINA HEALTHCARE ASSOCIATION REPORTING GUIDELINES. IT SHOULD NOT BE RELIED UPON AS THE ORGANIZATION'S FORM 990, SCHEDULE H COMMUNITY BENEFIT REPORT, ITS COMMUNITY HEALTH NEEDS ASSESSMENT OR COMMUNITY BENEFIT IMPLEMENTATION STRATEGY. THE 2022 COMMUNITY BENEFIT REPORT WAS NOT COMPILED AT THE TIME THIS TAX RETURN WAS FILED. FOR THE MOST RECENT COMMUNITY BENEFIT REPORT PLEASE VISIT HTTPS://WWW.NOVANTHEALTH.ORG/HOME/ABOUT-US/COMMUNITY-ENGAGEMENT/OUR-IMPA CT.ASPX

Financial Overview (2021)

Year-over-Year Comparison

Governance

Special Practices & Reported Activities

Compensation of Officers, Directors & Key Employees

Historical Data