As of the July, 2022, release via CMS

HALIFAX MEDICAL CENTER

CMS id: 100017
HALIFAX MEDICAL CENTER, 303 N CLYDE MORRIS BLVD FL 32114. County: VOLUSIA
System: --
CBSA: Deltona-Daytona Beach-Ormond Beach, FL

The 564-bed, acute-care hospital had $-10,000,785 in net service to patients*, with a total profit margin of 8.24510% in fiscal year 2021, the latest year available.
It spent 7.99% of its operating expenses on uncompensated care and reported $13,443,313 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	gov	gov	gov	gov	gov
Acute beds Median	310 118	310 118	310 119.5	337 118	306 119
Total beds Median	543 162	544 162	544 162	595 162	564 163.5
FTEs Median	3,342.57 788.06	3,303.19 793.42	3,236.83 806.03	3,023.71 787.61	3,025.27 804.34

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	464,685,745 150,932,746	470,510,412 158,950,878	488,840,968 168,696,998	474,938,985 163,454,693	549,938,747 186,589,412
Operating expenses Median	487,754,975 149,311,209	488,932,333 156,110,414	513,743,794 164,890,568	512,401,407 166,516,854	559,939,532 180,120,888
Net income from service 2 patients (NS2P) ? Median	-23,069,230 -964,173	-18,421,921 -643,601.5	-24,902,826 -116,254	-37,462,422 -5,025,862	-10,000,785 -1,284,564
NS2P margin ? Median	-4.96% -0.62	-3.92% -0.29	-5.09% 0.18	-7.89% -5.07	-1.82% -0.88

Range* of Net Service to Patient (NS2P) margins

= NS2P margin for HALIFAX MEDICAL CENTER 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	30,465,281 5,089,215	30,986,744 4,572,541	38,928,826 5,268,134	52,829,486 13,092,619	56,738,676 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	0 299,524	0 188,688.5	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	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	0	0	0	1,892,765	1,588,626
⊳ 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	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	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	2,659,272	2,830,877
⊳ 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	30,465,281	30,986,744	38,928,826	48,277,449	52,319,173
Total income ? Median	7,396,051 6,586,430	12,564,823 6,767,106	14,026,000 8,419,950	15,367,064 8,094,175	46,737,891 15,162,888
Non-operating expenses Median	7,416,634 146,289.5	6,569,611 164,857	0 89,880.5	-5,540,184 106,761	-3,283,273 31,473.5
Net income Median	-20,583 6,043,842	5,995,212 5,845,112	14,026,000 7,606,259	20,907,248 7,283,041	50,021,164 14,957,241
Net margin Median	-0.00416% 4.62%	1.19546% 4.42%	2.65760% 5.16%	3.96144% 5.2%	8.24510% 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 HALIFAX MEDICAL CENTER 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	74,453,653 23,241,334	73,665,722 23,709,545	76,980,261 24,248,380	73,443,985 22,858,541	77,772,925 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	60,037,527 21,577,146	59,819,725 22,041,594	64,701,391 22,722,063	62,051,403 21,570,441	66,625,355 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	5,032,136 1,845,420	3,626,004 1,757,392	2,726,986 1,738,842	2,072,949 1,510,463	1,784,024 1,393,140
⊳ Inpatient rehabilitation facility (IRF) ⊳ Median	9,383,990 3,535,627	10,219,993 3,746,588	9,551,884 3,782,288	9,319,633 3,865,578	9,363,546 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	33,931,636 11,160,864	33,045,208 11,987,345	30,296,307 12,926,866	26,632,924 11,884,480	28,790,152 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	33,931,636 10,918,923	33,045,208 11,706,976	30,296,307 12,615,917	26,632,924 11,458,116	28,790,152 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	2,768,440 3,284,314	2,782,846 3,250,551	2,736,115 3,386,837	2,655,360 3,360,806	2,570,138 3,508,953
Disproportionate-share hospital (DSH) Median	1,803,007 594,888	1,721,447 595,761	4,336,545 577,894	2,663,501 542,168	2,569,404 549,667
Outlier Median	2,654,274 582,572	2,550,730 538,116	1,199,426 212,434	1,169,715 126,559	1,056,690 139,139

Uncompensated care

Item	2017	2018	2019	2020	2021
Medicaid shortfall Median	19,712,616 3,662,910	26,888,951 3,730,911	28,980,596 4,081,319	15,730,008 4,643,908	13,443,313 4,389,147
Charity care Median	15,051,584 2,654,636	30,862,876 2,940,659	34,360,265 3,380,215	33,817,286 3,488,738	30,599,523 3,233,405
Uncompensated care (UCC) Median	36,696,332 5,147,790	41,775,037 5,337,617	45,126,306 5,711,082	44,072,743 5,923,418	44,721,896 5,508,107
UCC as a % of operating expenses Median	7.52% 3.24	8.54% 3.12	8.78% 3.21	8.60% 3.3	7.99% 2.86
Total shortfall/UCC Median	56,408,948 9,489,989	68,663,988 9,424,297	74,106,902 10,120,158	59,802,751 11,171,337	58,165,209 10,133,851

Labor costs

	2017	2018	2019	2020	2021
Total salaries Median	209,714,381 52,142,039	205,976,618 54,485,252	207,177,149 57,395,589	197,991,095 58,830,919	218,371,378 61,722,907
Salaries as a % of operating expenses Median	42.90 36.68	42.03 36.56	41.09 36.37	38.85 35.93	39.02 35.24
Intern, resident salaries* Median	3,949,180 2,598,592	4,012,519 2,686,824	4,215,643 2,753,773	4,675,824 2,937,156	4,322,743 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	0 1,449,244	0 1,475,986	0 1,563,078	0 1,721,954	12,230,426 2,991,828
Contract hours, direct-care Median	0.00 22,725	0.00 23,018.5	0.00 24,503.48	0.00 25,026.5	130,021.85 33,786
Contract wages, direct-care Median	0.00 64.67	0.00 64.53	0.00 65.06	0.00 68.97	94.06 88.94

* in an approved program

Return to top

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.