As of the July, 2022, release via CMS

ST. JOSEPHS HOSPITAL

CMS id: 100075
3001 W. MARTIN LUTHER KING JR. BLVD., TAMPA FL 33607. County: HILLSBOROUGH
System: BAYCARE HEALTH SYSTEM
CBSA: Tampa-St. Petersburg-Clearwater, FL

The 1,382-bed, acute-care hospital had $155,240,433 in net service to patients*, with a total profit margin of 12.46280% in fiscal year 2021, the latest year available.
It spent 5.60% of its operating expenses on uncompensated care and reported $96,862,595 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	881 118	866 118	840 119.5	979 118	1126 119
Total beds Median	1,062 162	1,062 162	1,062 162	1,218 162	1,382 163.5
FTEs Median	5,675.30 788.06	5,742.90 793.42	5,839.60 806.03	5,706.92 787.61	5,727.11 804.34

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	1,230,803,965 150,932,746	1,271,356,853 158,950,878	1,348,025,415 168,696,998	1,283,758,148 163,454,693	1,477,077,094 186,589,412
Operating expenses Median	1,054,978,055 149,311,209	1,100,236,006 156,110,414	1,150,648,722 164,890,568	1,175,294,512 166,516,854	1,321,836,661 180,120,888
Net income from service 2 patients (NS2P) ? Median	175,825,910 -964,173	171,120,847 -643,601.5	197,376,693 -116,254	108,463,636 -5,025,862	155,240,433 -1,284,564
NS2P margin ? Median	14.29% -0.62	13.46% -0.29	14.64% 0.18	8.45% -5.07	10.51% -0.88

Range* of Net Service to Patient (NS2P) margins

= NS2P margin for ST. JOSEPHS 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	9,541,585 5,089,215	11,777,045 4,572,541	16,376,823 5,268,134	69,129,832 13,092,619	32,951,345 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	0	0
⊳ 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	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	9,541,585	11,777,045	16,376,823	69,129,832	32,951,345
Total income ? Median	185,367,495 6,586,430	182,897,892 6,767,106	213,753,516 8,419,950	177,593,468 8,094,175	188,191,778 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	185,367,495 6,043,842	182,897,892 5,845,112	213,753,516 7,606,259	177,593,468 7,283,041	188,191,778 14,957,241
Net margin Median	14.94483% 4.62%	14.25400% 4.42%	15.66646% 5.16%	13.12699% 5.2%	12.46280% 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 ST. JOSEPHS 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	128,399,650 23,241,334	125,501,092 23,709,545	131,289,865 24,248,380	117,019,114 22,858,541	124,219,105 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	128,399,650 21,577,146	125,501,092 22,041,594	131,289,865 22,722,063	117,019,114 21,570,441	124,219,105 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	32,713,576 11,160,864	34,738,078 11,987,345	39,690,346 12,926,866	35,711,201 11,884,480	37,640,103 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	32,713,576 10,918,923	34,738,078 11,706,976	39,690,346 12,615,917	35,711,201 11,458,116	37,640,103 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	6,333,943 594,888	6,140,782 595,761	7,142,166 577,894	5,690,310 542,168	5,820,509 549,667
Outlier Median	3,614,112 582,572	2,499,784 538,116	347,544 212,434	316,003 126,559	392,186 139,139

Uncompensated care

Item	2017	2018	2019	2020	2021
Medicaid shortfall Median	52,078,660 3,662,910	82,978,779 3,730,911	76,748,316 4,081,319	86,021,631 4,643,908	96,862,595 4,389,147
Charity care Median	52,586,694 2,654,636	60,914,863 2,940,659	68,000,151 3,380,215	58,835,075 3,488,738	57,935,846 3,233,405
Uncompensated care (UCC) Median	67,620,580 5,147,790	78,519,116 5,337,617	84,702,604 5,711,082	75,635,681 5,923,418	73,979,128 5,508,107
UCC as a % of operating expenses Median	6.41% 3.24	7.14% 3.12	7.36% 3.21	6.44% 3.3	5.60% 2.86
Total shortfall/UCC Median	119,699,240 9,489,989	161,497,895 9,424,297	161,450,920 10,120,158	161,657,312 11,171,337	170,841,723 10,133,851

Labor costs

	2017	2018	2019	2020	2021
Total salaries Median	368,635,510 52,142,039	376,746,321 54,485,252	385,833,108 57,395,589	385,900,820 58,830,919	426,422,506 61,722,907
Salaries as a % of operating expenses Median	34.94 36.68	34.24 36.56	33.53 36.37	32.83 35.93	32.26 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	870,661 1,449,244	969,427 1,475,986	1,706,642 1,563,078	6,771,861 1,721,954	51,560,593 2,991,828
Contract hours, direct-care Median	15,583.63 22,725	15,901.00 23,018.5	26,612.35 24,503.48	72,149.11 25,026.5	376,214.36 33,786
Contract wages, direct-care Median	55.87 64.67	60.97 64.53	64.13 65.06	93.86 68.97	137.05 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.