As of the July, 2022, release via CMS

IOWA SPECIALTY HOSPITAL

CMS id: 161302
1316 SOUTH MAIN, CLARION IA 50525. County: WRIGHT
System: --
CBSA: Rural Iowa

The 25-bed, CAH hospital had $-320,641 in net service to patients*, with a total profit margin of 16.30625% in fiscal year 2021, the latest year available.
It spent 1.22% of its operating expenses on uncompensated care and reported $1,009,619 in Medicaid shortfall.

* For more about Net Service to Patients and operating revenue, please the finance section below.

Note: Medians are from CAH hospitals with "complete" fiscal years. For more about how we calculated medians and cost reports in general, please click here.

Details

	2017	2018	2019	2020	2021
# of days in fyear	365	365	365	366	365
Ownership	gov	gov	gov	gov	gov
Acute beds Median	25 23	25 23	25 23	25 23	25 23
Total beds Median	25 25	25 25	25 25	25 25	25 25
FTEs Median	268.11 149.18	268.11 151.6	290.09 151.58	303.42 152.78	331.47 151.99

Finances As they appear in worksheet G3 of the cost reports.

Note: Net Patient Revenue is considered operating revenue, which means Net Service to Patients is considered operating profit. Click here for more about cost report financials

Hospital cost reports are an enormously complicated dataset. There are whole organizations and an offical CMS vendor dedicated to helping researchers work with the data.
It's important to understand that hospital financials in cost reports are not organized in the same as other sources such as annual financial reports to bond holders.

The biggest difference is the concept of operating revenue and profit. Net Service to patients (NS2P), which is the sum of net patient revenue minus operating expenses, is considered the equivalent of operating profit according to the Medicaid and CHIP Payment and Access Commission (MACPAC). See the last paragraph of "Primary Data Sources" on page 55 of Annual Analysis of Disproportionate Share Hospital Allotments to States (PDF).

That would make Net Patient Revenue = operating revenue.

All this makes things challenging when comparing what's reported in cost reports to other sources. It becomes clearer when you consider that, beyond the purpose of reimbursement, cost reports are a tool for policymakers trying to understand the financial situation of a hospital doing the tasks specific to hospitals.

In other words, while a facility with a division that formulates drugs might include earnings from that as operating revenue in their corporate annual result, this is not central to the operations of a hospital caring for patients and so it is counted as "other income." (See below the financials section for more on "other income")

The healthcare consulting firm HMP, in a former partnership with Modern Healthcare, did develop a formula for estimating operating revenue closer to what one might find in other sources. We no longer use this for the following reasons:

The measure was not widely used beyond HMP and Modern Healthcare. Many hospitals had their own internal estimates of operating revenue and profit.
Because of this, there was confusion when reporting operating results for individual hospitals. There was often pushback when a facility's internal numbers did not match what Modern Healthcare was reporting.
The formula includes revenue from portions of the "other income" section, which may also include non-operating revenue. HMP themselves point out in a caveat on their site that they cannot exclude all non-operating revenue from their measure.

HMP's operating measure has proven problematic in the past for our reporting and the partnership with them ended years ago. It's best to not use a measure that we alone cannot defend.

	2017	2018	2019	2020	2021
Net patient revenue ? Median	46,510,480 19,395,819	47,584,001 19,790,685	51,362,229 20,891,573	55,613,062 20,752,910	64,744,079 22,925,976
Operating expenses Median	49,989,993 21,082,256	53,989,410 21,740,728	54,451,394 22,449,917	58,370,745 23,028,561	65,064,720 24,906,213
Net income from service 2 patients (NS2P) ? Median	-3,479,513 -1,166,928	-6,405,409 -1,178,891	-3,089,165 -1,189,234	-2,757,683 -1,989,193	-320,641 -1,175,562
NS2P margin ? Median	-7.48% -6.37	-13.46% -6.47	-6.01% -6.58	-4.96% -10.52	-0.50% -5.81

Range* of Net Service to Patient (NS2P) margins

= NS2P margin for IOWA SPECIALTY HOSPITAL compared to all** CAH hospitals, from CMS cost reports.
Note: NS2P is considered operating margin by MACPAC. The chart below is interactive: click or touch to see more.

* Data range does not show outliers, which fall beyond the minimum and maximum of the range.
** From cost reports with complete fiscal years. Number of CAH hospitals available to calculate medians:

2017	2018	2019	2020	2021
1,314	1,322	1,316	1,319	1,132

	2017	2018	2019	2020	2021
Other income* Median Click here to show/hide details	5,057,928 1,517,926	3,493,240 1,554,100	2,979,805 1,708,825	3,216,413 3,606,354	12,997,352 4,946,640
⊳ Line 6: Contributions ? ⊳ Median	92,202 68,435	172,676 61,711.5	56,292 71,344	60,631 80,654	82,051 103,902
⊳ Line 7: Investments ? ⊳ Median	40,958 25,389	52,412 35,427	193,041 59,240	197,093 47,652	103,378 52,317
⊳ Line 8: Revenue from telephone service	NULL	NULL	NULL	NULL	NULL
⊳ Line 9: Revenue from tv and radio	--	--	--	--	--
⊳ Line 10: Purchase discounts	16	16	16	0	40
⊳ Line 11: Rebates and refunds of expenses	0	0	0	0	0
⊳ Line 12: Parking lot receipts	0	0	0	0	0
⊳ Line 13: Revenue from laundry and linen service	0	0	0	0	0
⊳ Line 14: Revenue from meals sold to emplyees and guests	173,001	330,952	318,767	350,678	309,486
⊳ Line 15: Revenue from rental of living quarters	0	0	0	0	0
⊳ Line 16: Revenue from sale of medical and surgical supplies	0	0	0	0	0
⊳ Line 17: Revenue from sale of drugs to other than patients	0	0	0	0	0
⊳ Line 18: Revenue from sale of medical records and abstracts	1,972	0	0	0	6,807
⊳ Line 19: Tuition (fees, sale of textbooks, uniforms, etc.)	0	0	0	0	0
⊳ Line 20: Revenue from gifts, flowers, coffee shops, canteen	0	0	0	0	0
⊳ Line 21: Rental of vending machines	0	0	0	0	0
⊳ Line 22: Rental of hospital space	0	0	0	0	0
⊳ Line 23: Gov appropriations ? ⊳ Median	0 525,619.5	0 568,101.5	0 581,486	0 657,916	0 640,942
⊳ Sum Line 24	4,749,779	2,937,184	2,411,689	2,608,011	12,495,590
Total income ? Median	1,578,415 445,049	-2,912,169 379,292	-109,360 655,032	458,730 1,453,054	12,676,711 3,734,026
Non-operating expenses Median	1,478,559 56,329	0 45,230	0 61,507	0 80,747	0 39,130
Net income Median	99,856 309,249	-2,912,169 305,537	-109,360 515,321.5	458,730 1,282,423	12,676,711 3,678,491
Net margin Median	0.19364% 1.7%	-5.70150% 1.61%	-0.20124% 2.36%	0.77976% 5.41%	16.30625% 13.38%

* About "Other income": Other income, or line 25 in worksheet G3, is the sum of lines 6 through 24. It includes three lines that are considered non-operating revenue - contributions, investments and government appropriations. Medians are included for these three lines. It also contains items that are not central to providing healthcare, such as revenue from parking or gift shops.
"Sum Line 24" is a special case. Called "Other (specify)" in the cost reports, CMS allows for this line to be "subscripted," or divided into sublines like 002400, 002401, 002402. And hospitals do that, up to 100 lines, to detail income (and sometimes negative returns) that are otherwise not covered in the previous "other" lines. Therefore, "Sum Line 24" is the sum of all the lines 24.

Range* of total profit (loss) margins

= Total margin for IOWA SPECIALTY HOSPITAL compared to all** CAH hospitals, from CMS cost reports.
The chart below is interactive: click or touch to see more.

* Data range does not show outliers, which fall beyond the minimum and maximum of the range.
** From cost reports with complete fiscal years. Number of CAH hospitals available to calculate medians:

2017	2018	2019	2020	2021
1,314	1,322	1,316	1,319	1,132

Medicare revenue

Inpatient and outpatient revenue

	2017	2018	2019	2020	2021
All inpatient revenue Median Click here to show/hide details	5,775,190 1,512,374	7,401,817 1,478,094	8,300,317 1,365,460	7,709,993 1,289,169	7,272,971 1,354,214
"All inpatient revenue" is made up of any Medicare payments for routine inpatient, swingbed SNFs, TEFRA, IPF, IRF, inpatient long-term care, CAH and inpatient SNF facilities. Medians are only calculated when there are sufficient facilities reporting revenue.
⊳ Routine inpatient revenue ⊳ Median	0 --	0 --	0 --	0 --	0 --
⊳ Swingbeds ⊳ Median	0 --	0 --	0 --	0 --	0 --
⊳ Tax Equity and Fiscal Responsibility Act payments (TEFRA) ⊳ Median	0 --	0 --	0 --	0 --	0 --
⊳ Inpatient psychiatric facility (IPF) ⊳ Median	0 1,435,730	0 1,483,001	0 1,283,328	0 992,950.5	0 --
⊳ Inpatient rehabilitation facility (IRF) ⊳ Median	0 --	0 --	0 --	0 --	0 --
⊳ Long-term care hospital (LTCH) ⊳ Median	0 --	0 --	0 --	0 --	0 --
⊳ Critical-access hospitals ⊳ Median	5,775,190 1,441,589	7,401,817 1,403,245	8,300,317 1,290,206	7,709,993 1,229,191	7,272,971 1,287,699
⊳ Skilled-nursing facilities (SNF) ⊳ Median	0 206,041.5	0 214,490	0 174,030.5	0 236,717.5	0 192,758.5
All outpatient revenue Median Click here to show/hide details	7,318,429 4,108,627	7,707,637 4,367,646	6,708,438 4,566,928	6,984,988 4,517,324	8,507,994 4,554,272
"All outpatient revenue" is made up of any payments for routine outpatient, HHA, CMHC, rural health and other federally-qualified health clinics. Medians are only calculated when there are sufficient facilities reporting revenue.
⊳ Routine outpatient revenue ⊳ Median	6,093,218 3,508,078	6,470,483 3,742,383	5,455,625 3,932,686	5,875,982 3,847,302	6,293,444 3,879,271
⊳ Home Health agencies (HHA) ⊳ Median	0 299,331.5	0 299,936	0 316,639	0 288,635	0 297,926
⊳ Community mental health clinics (CMHC) ⊳ Median	0 --	0 --	0 --	0 --	0 --
⊳ Rural health clinics ⊳ Median	1,225,211 702,405	1,237,154 746,179	1,252,813 800,433	1,109,006 774,040	2,214,550 742,054
⊳ Other federally qualified health clinics ⊳ Median	0 --	0 --	0 --	0 --	0 --

Other payments

Item	2017	2018	2019	2020	2021
Graduate Medical Education (GME) Median	0 --	0 --	0 --	0 --	0 --
Disproportionate-share hospital (DSH) Median	0 --	0 --	0 --	0 --	0 --
Outlier Median	0 4,679	0 5,256	0 5,165.5	0 6,341	0 5,998

Uncompensated care

Item	2017	2018	2019	2020	2021
Medicaid shortfall Median	0 553,475.5	465,754 567,149	0 599,174.5	1,485,045 641,417	1,009,619 631,057
Charity care Median	47,156 190,496	102,814 225,101	73,007 238,624	32,606 260,478.5	30,820 225,887
Uncompensated care (UCC) Median	1,128,737 860,218.5	1,130,465 933,428	1,140,208 986,290	839,443 998,939	791,678 871,713
UCC as a % of operating expenses Median	2.26% 3.77	2.09% 3.82	2.09% 3.7	1.44% 3.74	1.22% 3.04
Total shortfall/UCC Median	1,128,737 1,405,482	1,596,219 1,525,979	1,140,208 1,576,055	2,324,488 1,691,815	1,801,297 1,476,802

Labor costs

	2017	2018	2019	2020	2021
Total salaries Median	19,355,938 8,521,101	19,754,796 8,786,419	19,032,617 9,086,354	20,368,168 9,512,636	22,811,644 9,933,360
Salaries as a % of operating expenses Median	37.78 42.53	36.59 42.58	34.95 42.62	34.89 42.72	35.06 42.27
Intern, resident salaries* Median	0 --	0 --	0 --	0 --	0 --
Contract intern, resident salaries* Median	0 --	0 --	0 --	0 --	0 --
Contract adjusted salaries, direct-care Median	0 --	0 --	0 --	0 --	0 --
Contract hours, direct-care Median	0.00 --	0.00 --	0.00 --	0.00 --	0.00 --
Contract wages, direct-care Median	0.00 --	0.00 --	0.00 --	0.00 --	0.00 --

* in an approved program

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Cost reports are self-reported by the facility, are subject to revision and should be considered preliminary.

* Net Service to patients (NS2P) equals net patient revenue minus operating expenses. NS2P is considered the equivalent of operating profit according to the Medicaid and CHIP Payment and Access Commission (MACPAC). See the last paragraph of "Primary Data Sources" on page 55 of Annual Analysis of Disproportionate Share Hospital Allotments to States (PDF).

About medians

Medians are calculated from reports with "complete" fiscal years, or reports with fiscal years of at least 300 days and no more than 420 days.

In cases where there are fewer than 50 values reported, medians are not calculated. For childrens' hospitals, it's when fewer than 20 are reported.

Web app by Tim Broderick | email.