As of the July, 2022, release via CMS

THE STAMFORD HOSPITAL

CMS id: 070006
ONE HOSPITAL PLAZA, STAMFORD CT 06904 CT 6904. County: FAIRFIELD
System: --
CBSA: Bridgeport-Stamford-Norwalk, CT

The 305-bed, acute-care hospital had $36,131,693 in net service to patients*, with a total profit margin of 10.28933% in fiscal year 2021, the latest year available.
It spent 2.31% of its operating expenses on uncompensated care and reported $44,576,609 in Medicaid shortfall.

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

Note: Medians are from acute-care 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	nfp	nfp	nfp	nfp	nfp
Acute beds Median	242 118	252 118	252 119.5	252 118	252 119
Total beds Median	314 162	305 162	305 162	305 162	305 163.5
FTEs Median	2,614.73 788.06	2,741.99 793.42	2,817.81 806.03	2,846.42 787.61	3,029.19 804.34

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	563,971,380 150,932,746	614,552,326 158,950,878	654,286,203 168,696,998	655,937,151 163,454,693	827,122,878 186,589,412
Operating expenses Median	601,511,541 149,311,209	651,316,005 156,110,414	681,300,132 164,890,568	716,888,945 166,516,854	790,991,185 180,120,888
Net income from service 2 patients (NS2P) ? Median	-37,540,161 -964,173	-36,763,679 -643,601.5	-27,013,929 -116,254	-60,951,794 -5,025,862	36,131,693 -1,284,564
NS2P margin ? Median	-6.66% -0.62	-5.98% -0.29	-4.13% 0.18	-9.29% -5.07	4.37% -0.88

Range* of Net Service to Patient (NS2P) margins

= NS2P margin for THE STAMFORD HOSPITAL compared to all** acute-care 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 acute-care hospitals available to calculate medians:

2017	2018	2019	2020	2021
3,157	3,092	3,050	3,052	2,566

	2017	2018	2019	2020	2021
Other income* Median Click here to show/hide details	25,131,161 5,089,215	22,994,379 4,572,541	23,477,801 5,268,134	72,126,508 13,092,619	54,590,699 12,369,236
⊳ Line 6: Contributions ? ⊳ Median	1,107,697 224,999	1,191,695 199,009	2,212,149 206,870.5	6,343,348 194,343	2,733,545 249,496
⊳ Line 7: Investments ? ⊳ Median	4,014,158 299,524	3,976,537 188,688.5	4,635,141 370,813	4,287,446 309,361.5	4,403,748 375,329
⊳ Line 8: Revenue from telephone service	NULL	NULL	NULL	NULL	NULL
⊳ Line 9: Revenue from tv and radio	--	--	--	--	--
⊳ Line 10: Purchase discounts	21,280	2,462	666	303	1,347
⊳ 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	1,110,056	1,070,438	1,051,614	842,946	863,455
⊳ 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	21,860	317,892	718,982	4,132,189	6,731,591
⊳ Line 18: Revenue from sale of medical records and abstracts	0	0	0	0	0
⊳ Line 19: Tuition (fees, sale of textbooks, uniforms, etc.)	0	0	0	0	0
⊳ Line 20: Revenue from gifts, flowers, coffee shops, canteen	1,017,970	1,164,990	1,210,824	993,992	934,551
⊳ Line 21: Rental of vending machines	16,367	12,364	16,405	10,923	10,851
⊳ Line 22: Rental of hospital space	0	0	0	0	0
⊳ Line 23: Gov appropriations ? ⊳ Median	0 1,017,693	0 983,261.5	0 1,173,286	0 1,987,202	0 1,597,664
⊳ Sum Line 24	17,821,773	15,258,001	13,632,020	55,515,361	38,911,611
Total income ? Median	-12,409,000 6,586,430	-13,769,300 6,767,106	-3,536,128 8,419,950	11,174,714 8,094,175	90,722,392 15,162,888
Non-operating expenses Median	0 146,289.5	0 164,857	0 89,880.5	0 106,761	0 31,473.5
Net income Median	-12,409,000 6,043,842	-13,769,300 5,845,112	-3,536,128 7,606,259	11,174,714 7,283,041	90,722,392 14,957,241
Net margin Median	-2.10642% 4.62%	-2.15973% 4.42%	-0.52173% 5.16%	1.53485% 5.2%	10.28933% 9.25%

* 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 THE STAMFORD HOSPITAL compared to all** acute-care hospitals, from CMS cost reports.
The chart below is interactive: click or touch to see more.

2017	2018	2019	2020	2021
3,157	3,092	3,050	3,052	2,566

Medicare revenue

Inpatient and outpatient revenue

	2017	2018	2019	2020	2021
All inpatient revenue Median Click here to show/hide details	70,042,575 23,241,334	73,775,508 23,709,545	78,309,308 24,248,380	76,316,451 22,858,541	78,274,398 23,620,613
"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	60,719,468 21,577,146	66,293,475 22,041,594	70,660,724 22,722,063	70,097,479 21,570,441	71,733,747 22,140,684
⊳ 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	1,795,129 1,845,420	0 1,757,392	0 1,738,842	0 1,510,463	0 1,393,140
⊳ Inpatient rehabilitation facility (IRF) ⊳ Median	7,527,978 3,535,627	7,482,033 3,746,588	7,648,584 3,782,288	6,218,972 3,865,578	6,540,651 3,983,889
⊳ Long-term care hospital (LTCH) ⊳ Median	0 --	0 --	0 --	0 --	0 --
⊳ Critical-access hospitals ⊳ Median	0 --	0 --	0 --	0 --	0 --
⊳ Skilled-nursing facilities (SNF) ⊳ Median	0 1,203,033	0 1,215,295	0 1,313,657	0 1,365,298	0 1,179,746
All outpatient revenue Median Click here to show/hide details	42,136,014 11,160,864	42,806,134 11,987,345	44,139,704 12,926,866	39,894,419 11,884,480	50,081,266 13,145,163
"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	42,136,014 10,918,923	42,806,134 11,706,976	44,139,704 12,615,917	39,894,419 11,458,116	50,081,266 12,776,716
⊳ Home Health agencies (HHA) ⊳ Median	0 1,282,808	0 1,407,728	0 1,341,512	0 1,407,046	0 1,476,867
⊳ Community mental health clinics (CMHC) ⊳ Median	0 --	0 --	0 --	0 --	0 --
⊳ Rural health clinics ⊳ Median	0 618,038	0 697,279	0 690,232	0 684,010	0 670,558
⊳ Other federally qualified health clinics ⊳ Median	0 --	0 --	0 --	0 --	0 --

Other payments

Item	2017	2018	2019	2020	2021
Graduate Medical Education (GME) Median	7,278,719 3,284,314	7,727,842 3,250,551	7,917,423 3,386,837	7,999,971 3,360,806	7,678,447 3,508,953
Disproportionate-share hospital (DSH) Median	1,453,953 594,888	1,816,696 595,761	1,923,595 577,894	1,800,984 542,168	1,926,282 549,667
Outlier Median	2,439,412 582,572	2,065,482 538,116	995,025 212,434	793,426 126,559	710,508 139,139

Uncompensated care

Item	2017	2018	2019	2020	2021
Medicaid shortfall Median	53,950,960 3,662,910	47,419,214 3,730,911	47,195,755 4,081,319	39,715,773 4,643,908	44,576,609 4,389,147
Charity care Median	5,174,344 2,654,636	9,080,925 2,940,659	8,578,293 3,380,215	8,985,193 3,488,738	6,654,445 3,233,405
Uncompensated care (UCC) Median	12,578,324 5,147,790	17,738,763 5,337,617	18,030,298 5,711,082	19,067,240 5,923,418	18,268,090 5,508,107
UCC as a % of operating expenses Median	2.09% 3.24	2.72% 3.12	2.65% 3.21	2.66% 3.3	2.31% 2.86
Total shortfall/UCC Median	66,529,284 9,489,989	65,157,977 9,424,297	65,226,053 10,120,158	58,783,013 11,171,337	62,844,699 10,133,851

Labor costs

	2017	2018	2019	2020	2021
Total salaries Median	267,060,515 52,142,039	292,403,277 54,485,252	301,107,865 57,395,589	326,380,662 58,830,919	351,586,388 61,722,907
Salaries as a % of operating expenses Median	44.40 36.68	44.89 36.56	44.20 36.37	45.53 35.93	44.45 35.24
Intern, resident salaries* Median	4,741,453 2,598,592	4,785,661 2,686,824	4,763,720 2,753,773	4,903,784 2,937,156	5,135,865 2,909,848
Contract intern, resident salaries* Median	0 1,251,927	0 1,186,494	0 1,204,885	0 1,279,653	0 1,469,317
Contract adjusted salaries, direct-care Median	2,302,205 1,449,244	1,409,936 1,475,986	2,505,268 1,563,078	4,365,877 1,721,954	3,420,903 2,991,828
Contract hours, direct-care Median	26,054.00 22,725	16,940.00 23,018.5	20,174.00 24,503.48	34,023.00 25,026.5	31,542.00 33,786
Contract wages, direct-care Median	88.36 64.67	83.23 64.53	124.18 65.06	128.32 68.97	108.46 88.94

* 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.