As of the July, 2022, release via CMS

ASCENSION SACRED HEART BAY

CMS id: 100026
615 NORTH BONITA AVENUE, PANAMA CITY FL 32401. County: BAY
System: SACRED HEART MSO
CBSA: Panama City, FL

The 127-bed, acute-care hospital had $-34,010,464 in net service to patients*, with a total profit margin of -21.31642% in fiscal year 2021, the latest year available.
It spent 7.44% of its operating expenses on uncompensated care and reported $10,171,491 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	182	365
Ownership	forprofit	forprofit	nfp	nfp	nfp
Acute beds Median	236 118	236 118	62 119.5	83 118	87 119
Total beds Median	293 162	293 162	78 162	123 162	127 163.5
FTEs Median	1,339.69 788.06	1,180.31 793.42	645.17 806.03	676.76 787.61	737.99 804.34

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	231,297,116 150,932,746	194,502,067 158,950,878	131,971,774 168,696,998	60,671,925 163,454,693	166,363,800 186,589,412
Operating expenses Median	247,887,292 149,311,209	250,717,976 156,110,414	162,320,095 164,890,568	80,623,699 166,516,854	200,374,264 180,120,888
Net income from service 2 patients (NS2P) ? Median	-16,590,176 -964,173	-56,215,909 -643,601.5	-30,348,321 -116,254	-19,951,774 -5,025,862	-34,010,464 -1,284,564
NS2P margin ? Median	-7.17% -0.62	-28.90% -0.29	-23.00% 0.18	-32.88% -5.07	-20.44% -0.88

Range* of Net Service to Patient (NS2P) margins

= NS2P margin for ASCENSION SACRED HEART BAY 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	6,480,644 5,089,215	5,014,634 4,572,541	751,588 5,268,134	6,090,734 13,092,619	-1,197,156 12,369,236
⊳ Line 6: Contributions ? ⊳ Median	0 224,999	0 199,009	89,645 206,870.5	90,155 194,343	138,358 249,496
⊳ Line 7: Investments ? ⊳ Median	0 299,524	0 188,688.5	0 370,813	0 309,361.5	8,293 375,329
⊳ 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	1,080	1,019	606	0	0
⊳ Line 13: Revenue from laundry and linen service	4,290	4,541	0	0	0
⊳ Line 14: Revenue from meals sold to emplyees and guests	0	0	415,779	336,877	754,120
⊳ 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	167,723	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	283,338	0	0	0	0
⊳ Line 21: Rental of vending machines	6,404	0	18,285	9,275	34,559
⊳ Line 22: Rental of hospital space	3,063,282	2,303,157	279,235	-1,453	437,096
⊳ 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	2,954,527	2,705,917	-51,962	5,655,880	-2,569,582
Total income ? Median	-10,109,532 6,586,430	-51,201,275 6,767,106	-29,596,733 8,419,950	-13,861,040 8,094,175	-35,207,620 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	-10,109,532 6,043,842	-51,201,275 5,845,112	-29,596,733 7,606,259	-13,861,040 7,283,041	-35,207,620 14,957,241
Net margin Median	-4.25167% 4.62%	-25.66265% 4.42%	-22.29957% 5.16%	-20.76167% 5.2%	-21.31642% 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 ASCENSION SACRED HEART BAY 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	65,710,297 23,241,334	53,706,444 23,709,545	28,236,673 24,248,380	18,634,640 22,858,541	39,329,920 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	65,710,297 21,577,146	53,706,444 22,041,594	28,236,673 22,722,063	18,634,640 21,570,441	39,329,920 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	0 1,845,420	0 1,757,392	0 1,738,842	0 1,510,463	0 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	21,392,624 11,160,864	18,223,563 11,987,345	14,835,648 12,926,866	7,594,226 11,884,480	13,889,216 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	21,392,624 10,918,923	18,223,563 11,706,976	14,835,648 12,615,917	7,594,226 11,458,116	13,889,216 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	0 3,284,314	0 3,250,551	0 3,386,837	0 3,360,806	0 3,508,953
Disproportionate-share hospital (DSH) Median	988,918 594,888	932,466 595,761	310,493 577,894	438,199 542,168	809,360 549,667
Outlier Median	1,528,816 582,572	1,041,414 538,116	108,018 212,434	61,212 126,559	51,493 139,139

Uncompensated care

Item	2017	2018	2019	2020	2021
Medicaid shortfall Median	7,447,129 3,662,910	0 3,730,911	7,084,518 4,081,319	3,871,215 4,643,908	10,171,491 4,389,147
Charity care Median	9,420,279 2,654,636	7,764,663 2,940,659	14,672,995 3,380,215	11,296,998 3,488,738	8,830,738 3,233,405
Uncompensated care (UCC) Median	12,437,529 5,147,790	21,271,467 5,337,617	18,212,502 5,711,082	16,222,367 5,923,418	14,901,752 5,508,107
UCC as a % of operating expenses Median	5.02% 3.24	8.48% 3.12	11.22% 3.21	20.12% 3.3	7.44% 2.86
Total shortfall/UCC Median	19,884,658 9,489,989	21,271,467 9,424,297	25,297,020 10,120,158	20,093,582 11,171,337	25,073,243 10,133,851

Labor costs

	2017	2018	2019	2020	2021
Total salaries Median	85,317,169 52,142,039	96,577,663 54,485,252	42,410,130 57,395,589	23,402,089 58,830,919	53,117,065 61,722,907
Salaries as a % of operating expenses Median	34.42 36.68	38.52 36.56	26.13 36.37	29.03 35.93	26.51 35.24
Intern, resident salaries* Median	0 2,598,592	0 2,686,824	0 2,753,773	0 2,937,156	0 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	6,042,484 1,449,244	5,216,947 1,475,986	1,007,075 1,563,078	1,182,640 1,721,954	5,834,891 2,991,828
Contract hours, direct-care Median	92,932.00 22,725	79,137.00 23,018.5	14,373.00 24,503.48	16,813.00 25,026.5	47,194.00 33,786
Contract wages, direct-care Median	65.02 64.67	65.92 64.53	70.07 65.06	70.34 68.97	123.64 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.