As of the July, 2022, release via CMS

MEMORIAL HOSPITAL PEMBROKE

CMS id: 100230
7800 SHERIDAN STREET, PEMBROKE PINES FL 33024. County: BROWARD
System: MEMORIAL REGIONAL HOSPITAL
CBSA: Miami-Fort Lauderdale-Pompano Beach, FL

The 181-bed, acute-care hospital had $-6,135,839 in net service to patients*, with a total profit margin of 9.04024% in fiscal year 2021, the latest year available.
It spent 11.75% 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	257 118	289 118	277 119.5	157 118	157 119
Total beds Median	269 162	301 162	301 162	181 162	181 163.5
FTEs Median	865.70 788.06	904.40 793.42	848.49 806.03	852.70 787.61	847.50 804.34

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	135,263,725 150,932,746	141,814,842 158,950,878	136,893,548 168,696,998	135,295,705 163,454,693	166,884,034 186,589,412
Operating expenses Median	144,190,492 149,311,209	150,953,425 156,110,414	145,360,218 164,890,568	148,914,394 166,516,854	173,019,873 180,120,888
Net income from service 2 patients (NS2P) ? Median	-8,926,767 -964,173	-9,138,583 -643,601.5	-8,466,670 -116,254	-13,618,689 -5,025,862	-6,135,839 -1,284,564
NS2P margin ? Median	-6.60% -0.62	-6.44% -0.29	-6.18% 0.18	-10.07% -5.07	-3.68% -0.88

Range* of Net Service to Patient (NS2P) margins

= NS2P margin for MEMORIAL HOSPITAL PEMBROKE 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	5,532,086 5,089,215	8,229,251 4,572,541	7,227,804 5,268,134	9,290,510 13,092,619	23,331,805 12,369,236
⊳ Line 6: Contributions ? ⊳ Median	1,265,094 224,999	834,273 199,009	742,829 206,870.5	741,440 194,343	722,221 249,496
⊳ 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	400,227	505,319	582,534	319,435	674,509
⊳ 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	566,537	618,647	584,037	602,677	443,077
⊳ 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	18,822	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	25,808	29,905	25,808	25,808	8,185
⊳ Line 22: Rental of hospital space	0	21,541	9,694	0	298,226
⊳ Line 23: Gov appropriations ? ⊳ Median	0 1,017,693	0 983,261.5	0 1,173,286	0 1,987,202	6,207,697 1,597,664
⊳ Sum Line 24	3,274,420	6,200,744	5,282,902	7,601,150	14,977,890
Total income ? Median	-3,394,681 6,586,430	-909,332 6,767,106	-1,238,866 8,419,950	-4,328,179 8,094,175	17,195,966 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	-3,394,681 6,043,842	-909,332 5,845,112	-1,238,866 7,606,259	-4,328,179 7,283,041	17,195,966 14,957,241
Net margin Median	-2.41107% 4.62%	-0.60604% 4.42%	-0.85960% 5.16%	-2.99349% 5.2%	9.04024% 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 HOSPITAL PEMBROKE 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	15,098,828 23,241,334	17,489,890 23,709,545	16,241,111 24,248,380	16,856,101 22,858,541	18,220,734 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	15,098,828 21,577,146	17,489,890 22,041,594	16,241,111 22,722,063	16,856,101 21,570,441	18,220,734 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	5,999,862 11,160,864	6,434,236 11,987,345	5,359,465 12,926,866	5,312,306 11,884,480	3,717,008 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	5,999,862 10,918,923	6,434,236 11,706,976	5,359,465 12,615,917	5,312,306 11,458,116	3,717,008 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	60,009 3,284,314	33,456 3,250,551	20,867 3,386,837	20,905 3,360,806	32,117 3,508,953
Disproportionate-share hospital (DSH) Median	473,345 594,888	569,647 595,761	858,433 577,894	704,822 542,168	307,227 549,667
Outlier Median	1,063,455 582,572	855,598 538,116	822,560 212,434	70,145 126,559	92,104 139,139

Uncompensated care

Item	2017	2018	2019	2020	2021
Medicaid shortfall Median	3,927 3,662,910	0 3,730,911	0 4,081,319	221 4,643,908	0 4,389,147
Charity care Median	6,886,016 2,654,636	13,138,296 2,940,659	16,930,609 3,380,215	13,423,810 3,488,738	20,175,151 3,233,405
Uncompensated care (UCC) Median	16,799,291 5,147,790	24,126,706 5,337,617	23,076,412 5,711,082	16,676,441 5,923,418	20,331,833 5,508,107
UCC as a % of operating expenses Median	11.65% 3.24	15.98% 3.12	15.88% 3.21	11.20% 3.3	11.75% 2.86
Total shortfall/UCC Median	16,803,218 9,489,989	24,126,706 9,424,297	23,076,412 10,120,158	16,676,662 11,171,337	20,331,833 10,133,851

Labor costs

	2017	2018	2019	2020	2021
Total salaries Median	61,121,001 52,142,039	63,597,790 54,485,252	60,341,042 57,395,589	63,454,679 58,830,919	70,544,465 61,722,907
Salaries as a % of operating expenses Median	42.39 36.68	42.13 36.56	41.51 36.37	42.61 35.93	40.77 35.24
Intern, resident salaries* Median	0 2,598,592	0 2,686,824	130,946 2,753,773	108,072 2,937,156	134,644 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	1,016,099 1,449,244	860,131 1,475,986	621,497 1,563,078	1,993,735 1,721,954	9,446,860 2,991,828
Contract hours, direct-care Median	36,019.86 22,725	39,772.07 23,018.5	22,704.03 24,503.48	77,580.35 25,026.5	72,399.50 33,786
Contract wages, direct-care Median	28.21 64.67	21.63 64.53	27.37 65.06	25.70 68.97	130.48 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.