As of the July, 2022, release via CMS

MEMORIAL REGIONAL HOSPITAL

CMS id: 100038
3501 JOHNSON STREET, HOLLYWOOD FL 33021. County: BROWARD
System: --
CBSA: Miami-Fort Lauderdale-Pompano Beach, FL

The 929-bed, acute-care hospital had $-250,724,144 in net service to patients*, with a total profit margin of 7.56177% in fiscal year 2021, the latest year available.
It spent 6.57% of its operating expenses on uncompensated care and reported $0 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	702 118	694 118	694 119.5	585 118	585 119
Total beds Median	1,022 162	1,013 162	1,013 162	929 162	929 163.5
FTEs Median	7,194.60 788.06	7,565.80 793.42	7,801.99 806.03	8,089.10 787.61	8,036.20 804.34

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	1,019,229,772 150,932,746	1,028,022,586 158,950,878	1,089,730,439 168,696,998	1,092,341,819 163,454,693	1,129,210,449 186,589,412
Operating expenses Median	1,132,583,428 149,311,209	1,194,211,774 156,110,414	2,083,358,388 164,890,568	2,163,705,640 166,516,854	1,379,934,593 180,120,888
Net income from service 2 patients (NS2P) ? Median	-113,353,656 -964,173	-166,189,188 -643,601.5	-993,627,949 -116,254	-1,071,363,821 -5,025,862	-250,724,144 -1,284,564
NS2P margin ? Median	-11.12% -0.62	-16.17% -0.29	-91.18% 0.18	-98.08% -5.07	-22.20% -0.88

Range* of Net Service to Patient (NS2P) margins

= NS2P margin for MEMORIAL REGIONAL 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	119,602,187 5,089,215	108,249,428 4,572,541	226,397,265 5,268,134	259,315,852 13,092,619	378,123,380 12,369,236
⊳ Line 6: Contributions ? ⊳ Median	7,152,419 224,999	17,670,856 199,009	3,570,151 206,870.5	21,650,275 194,343	21,479,479 249,496
⊳ Line 7: Investments ? ⊳ Median	22,800,738 299,524	-20,181,149 188,688.5	79,159,332 370,813	89,143,182 309,361.5	77,574,037 375,329
⊳ Line 8: Revenue from telephone service	NULL	NULL	NULL	NULL	NULL
⊳ Line 9: Revenue from tv and radio	--	--	--	--	--
⊳ Line 10: Purchase discounts	73,478	101,869	102,927	55,011	38,022
⊳ Line 11: Rebates and refunds of expenses	3,530,585	0	4,985,477	3,226,123	0
⊳ Line 12: Parking lot receipts	0	180,447	166,278	78,608	40,520
⊳ Line 13: Revenue from laundry and linen service	0	0	0	0	0
⊳ Line 14: Revenue from meals sold to emplyees and guests	3,124,570	3,389,313	3,561,575	3,450,318	2,482,477
⊳ 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	10,793,969	27,069,475	43,575,070	55,329,537	76,647,062
⊳ Line 18: Revenue from sale of medical records and abstracts	159,821	239,095	305,602	292,510	252,414
⊳ Line 19: Tuition (fees, sale of textbooks, uniforms, etc.)	528,392	587,911	73,941	212,891	113,597
⊳ Line 20: Revenue from gifts, flowers, coffee shops, canteen	939,784	844,600	923,507	796,363	432,460
⊳ Line 21: Rental of vending machines	79,566	92,196	79,566	79,566	24,516
⊳ Line 22: Rental of hospital space	15,984,729	16,838,270	17,435,017	16,188,056	18,308,775
⊳ Line 23: Gov appropriations ? ⊳ Median	0 1,017,693	0 983,261.5	266,000 1,173,286	0 1,987,202	0 1,597,664
⊳ Sum Line 24	54,434,136	61,416,545	72,192,822	68,813,412	180,730,021
Total income ? Median	6,248,531 6,586,430	-57,939,760 6,767,106	-767,230,684 8,419,950	-812,047,969 8,094,175	127,399,236 15,162,888
Non-operating expenses Median	0 146,289.5	0 164,857	0 89,880.5	0 106,761	13,418,098 31,473.5
Net income Median	6,248,531 6,043,842	-57,939,760 5,845,112	-767,230,684 7,606,259	-812,047,969 7,283,041	113,981,138 14,957,241
Net margin Median	0.54868% 4.62%	-5.09911% 4.42%	-58.29455% 5.16%	-60.07793% 5.2%	7.56177% 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 MEMORIAL REGIONAL 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	98,944,682 23,241,334	111,324,268 23,709,545	112,968,110 24,248,380	115,998,464 22,858,541	113,389,377 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	78,878,584 21,577,146	88,463,613 22,041,594	91,209,133 22,722,063	97,447,529 21,570,441	94,154,991 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	3,460,069 1,845,420	4,251,245 1,757,392	3,351,554 1,738,842	2,123,378 1,510,463	1,820,860 1,393,140
⊳ Inpatient rehabilitation facility (IRF) ⊳ Median	16,606,029 3,535,627	18,609,410 3,746,588	18,407,423 3,782,288	16,427,557 3,865,578	17,413,526 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	33,963,055 11,160,864	43,127,324 11,987,345	39,583,152 12,926,866	36,133,779 11,884,480	31,563,757 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	32,059,404 10,918,923	38,489,712 11,706,976	35,345,738 12,615,917	32,722,886 11,458,116	28,804,612 12,776,716
⊳ Home Health agencies (HHA) ⊳ Median	1,903,651 1,282,808	4,637,612 1,407,728	4,237,414 1,341,512	3,410,893 1,407,046	2,759,145 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	979,530 3,284,314	1,171,082 3,250,551	891,601 3,386,837	1,376,948 3,360,806	2,110,500 3,508,953
Disproportionate-share hospital (DSH) Median	3,877,195 594,888	3,974,324 595,761	5,265,280 577,894	4,800,751 542,168	3,345,867 549,667
Outlier Median	7,228,927 582,572	10,778,283 538,116	8,748,446 212,434	1,464,362 126,559	1,060,770 139,139

Uncompensated care

Item	2017	2018	2019	2020	2021
Medicaid shortfall Median	0 3,662,910	0 3,730,911	0 4,081,319	0 4,643,908	0 4,389,147
Charity care Median	39,843,668 2,654,636	56,375,291 2,940,659	75,174,900 3,380,215	66,697,279 3,488,738	89,771,887 3,233,405
Uncompensated care (UCC) Median	83,079,393 5,147,790	94,637,350 5,337,617	96,903,420 5,711,082	79,653,895 5,923,418	90,631,206 5,508,107
UCC as a % of operating expenses Median	7.34% 3.24	7.92% 3.12	4.65% 3.21	3.68% 3.3	6.57% 2.86
Total shortfall/UCC Median	83,079,393 9,489,989	94,637,350 9,424,297	96,903,420 10,120,158	79,653,895 11,171,337	90,631,206 10,133,851

Labor costs

	2017	2018	2019	2020	2021
Total salaries Median	904,065,796 52,142,039	957,582,372 54,485,252	999,402,039 57,395,589	1,051,697,687 58,830,919	1,142,377,788 61,722,907
Salaries as a % of operating expenses Median	48.78 36.68	48.14 36.56	47.97 36.37	48.61 35.93	48.46 35.24
Intern, resident salaries* Median	1,595,853 2,598,592	1,980,837 2,686,824	1,639,073 2,753,773	2,350,966 2,937,156	3,603,553 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	861,113 1,449,244	3,163,867 1,475,986	1,910,616 1,563,078	2,992,440 1,721,954	15,491,911 2,991,828
Contract hours, direct-care Median	16,995.56 22,725	90,048.55 23,018.5	97,985.08 24,503.48	107,750.84 25,026.5	119,436.15 33,786
Contract wages, direct-care Median	50.67 64.67	35.14 64.53	19.50 65.06	27.77 68.97	129.71 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.