As of the July, 2022, release via CMS

BRIDGEPORT HOSPITAL

CMS id: 070010
267 GRANT STREET, BRIDGEPORT CT 6610. County: FAIRFIELD
System: YALE NEW HAVEN HEALTH SERVICES CORP
CBSA: Bridgeport-Stamford-Norwalk, CT

The 426-bed, acute-care hospital had $-67,597,838 in net service to patients*, with a total profit margin of 5.56927% in fiscal year 2021, the latest year available.
It spent 2.27% of its operating expenses on uncompensated care and reported $37,327,540 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	288 118	300 118	313 119.5	345 118	345 119
Total beds Median	359 162	371 162	387 162	426 162	426 163.5
FTEs Median	2,321.44 788.06	2,250.91 793.42	2,401.19 806.03	2,730.33 787.61	2,752.86 804.34

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	482,212,926 150,932,746	550,381,889 158,950,878	569,298,868 168,696,998	595,683,900 163,454,693	720,489,208 186,589,412
Operating expenses Median	508,895,870 149,311,209	528,591,531 156,110,414	585,418,934 164,890,568	743,853,323 166,516,854	788,087,046 180,120,888
Net income from service 2 patients (NS2P) ? Median	-26,682,944 -964,173	21,790,358 -643,601.5	-16,120,066 -116,254	-148,169,423 -5,025,862	-67,597,838 -1,284,564
NS2P margin ? Median	-5.53% -0.62	3.96% -0.29	-2.83% 0.18	-24.87% -5.07	-9.38% -0.88

Range* of Net Service to Patient (NS2P) margins

= NS2P margin for BRIDGEPORT 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	52,583,367 5,089,215	51,006,782 4,572,541	56,113,357 5,268,134	139,693,728 13,092,619	114,077,054 12,369,236
⊳ Line 6: Contributions ? ⊳ Median	0 224,999	0 199,009	0 206,870.5	0 194,343	0 249,496
⊳ Line 7: Investments ? ⊳ Median	95,468 299,524	-148,173 188,688.5	0 370,813	0 309,361.5	0 375,329
⊳ Line 8: Revenue from telephone service	NULL	NULL	NULL	NULL	NULL
⊳ Line 9: Revenue from tv and radio	--	--	--	--	--
⊳ Line 10: Purchase discounts	0	0	0	0	0
⊳ Line 11: Rebates and refunds of expenses	200,854	202,055	0	0	0
⊳ Line 12: Parking lot receipts	1,613,200	1,618,038	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	2,340,406	2,347,345	0	0	0
⊳ Line 15: Revenue from rental of living quarters	266,662	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	4,053,753	4,932,781	0	0	0
⊳ Line 18: Revenue from sale of medical records and abstracts	9,215	12,624	0	0	0
⊳ Line 19: Tuition (fees, sale of textbooks, uniforms, etc.)	784,527	30,229	0	0	0
⊳ Line 20: Revenue from gifts, flowers, coffee shops, canteen	0	0	0	0	0
⊳ Line 21: Rental of vending machines	11,623	13,562	0	0	0
⊳ Line 22: Rental of hospital space	2,038,660	979,672	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	41,168,999	41,018,649	56,113,357	139,693,728	114,077,054
Total income ? Median	25,900,423 6,586,430	72,797,140 6,767,106	39,993,291 8,419,950	-8,475,695 8,094,175	46,479,216 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	25,900,423 6,043,842	72,797,140 5,845,112	39,993,291 7,606,259	-8,475,695 7,283,041	46,479,216 14,957,241
Net margin Median	4.84304% 4.62%	12.10484% 4.42%	6.39471% 5.16%	-1.15256% 5.2%	5.56927% 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 BRIDGEPORT 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	104,546,848 23,241,334	103,153,331 23,709,545	97,742,795 24,248,380	99,119,144 22,858,541	109,843,236 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	99,271,383 21,577,146	97,555,309 22,041,594	92,852,998 22,722,063	94,316,337 21,570,441	106,360,330 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	5,275,465 1,845,420	5,598,022 1,757,392	4,889,797 1,738,842	4,802,807 1,510,463	3,482,906 1,393,140
⊳ Inpatient rehabilitation facility (IRF) ⊳ Median	0 3,535,627	0 3,746,588	0 3,782,288	0 3,865,578	0 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	28,462,457 11,160,864	30,741,070 11,987,345	35,266,890 12,926,866	33,116,939 11,884,480	37,480,243 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	28,462,457 10,918,923	30,741,070 11,706,976	35,266,890 12,615,917	33,116,939 11,458,116	37,480,243 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	15,314,156 3,284,314	15,929,232 3,250,551	15,259,344 3,386,837	15,077,461 3,360,806	16,490,659 3,508,953
Disproportionate-share hospital (DSH) Median	3,198,499 594,888	2,882,727 595,761	2,675,439 577,894	2,647,861 542,168	2,845,204 549,667
Outlier Median	2,348,183 582,572	1,665,162 538,116	371,386 212,434	300,774 126,559	593,906 139,139

Uncompensated care

Item	2017	2018	2019	2020	2021
Medicaid shortfall Median	1,704,210 3,662,910	23,823,255 3,730,911	31,717,430 4,081,319	53,367,742 4,643,908	37,327,540 4,389,147
Charity care Median	13,279,533 2,654,636	8,612,544 2,940,659	10,179,064 3,380,215	18,253,344 3,488,738	14,497,079 3,233,405
Uncompensated care (UCC) Median	18,400,633 5,147,790	12,490,456 5,337,617	13,713,857 5,711,082	20,729,122 5,923,418	17,861,516 5,508,107
UCC as a % of operating expenses Median	3.62% 3.24	2.36% 3.12	2.34% 3.21	2.79% 3.3	2.27% 2.86
Total shortfall/UCC Median	20,104,843 9,489,989	36,313,711 9,424,297	45,431,287 10,120,158	74,096,864 11,171,337	55,189,056 10,133,851

Labor costs

	2017	2018	2019	2020	2021
Total salaries Median	172,134,566 52,142,039	173,511,071 54,485,252	189,986,560 57,395,589	240,522,628 58,830,919	238,945,251 61,722,907
Salaries as a % of operating expenses Median	33.78 36.68	32.77 36.56	32.45 36.37	32.33 35.93	30.31 35.24
Intern, resident salaries* Median	6,940,153 2,598,592	7,106,781 2,686,824	7,632,452 2,753,773	8,058,938 2,937,156	7,823,656 2,909,848
Contract intern, resident salaries* Median	2,687,189 1,251,927	2,503,645 1,186,494	2,648,133 1,204,885	2,547,781 1,279,653	0 1,469,317
Contract adjusted salaries, direct-care Median	6,503,130 1,449,244	7,155,800 1,475,986	6,114,402 1,563,078	2,170,206 1,721,954	0 2,991,828
Contract hours, direct-care Median	96,996.00 22,725	99,995.00 23,018.5	102,304.00 24,503.48	26,521.00 25,026.5	0.00 33,786
Contract wages, direct-care Median	67.05 64.67	71.56 64.53	59.77 65.06	81.83 68.97	0.00 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.