As of the July, 2022, release via CMS

PIEDMONT NEWNAN HOSPITAL INC.

CMS id: 110229
745 POPLAR ROAD, NEWNAN GA 30265. County: COWETA
System: PIEDMONT HEALTHCARE INC.
CBSA: Atlanta-Sandy Springs-Alpharetta, GA

The 164-bed, acute-care hospital had $67,071,233 in net service to patients*, with a total profit margin of 23.35690% in fiscal year 2021, the latest year available.
It spent 8.11% of its operating expenses on uncompensated care and reported $95 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	122 118	122 118	122 119.5	136 118	136 119
Total beds Median	136 162	136 162	150 162	164 162	164 163.5
FTEs Median	847.72 788.06	920.56 793.42	971.46 806.03	1,006.86 787.61	961.88 804.34

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	220,794,358 150,932,746	218,828,332 158,950,878	250,189,167 168,696,998	264,887,673 163,454,693	318,210,040 186,589,412
Operating expenses Median	209,524,957 149,311,209	204,265,773 156,110,414	213,618,106 164,890,568	238,195,899 166,516,854	251,138,807 180,120,888
Net income from service 2 patients (NS2P) ? Median	11,269,401 -964,173	14,562,559 -643,601.5	36,571,061 -116,254	26,691,774 -5,025,862	67,071,233 -1,284,564
NS2P margin ? Median	5.10% -0.62	6.65% -0.29	14.62% 0.18	10.08% -5.07	21.08% -0.88

Range* of Net Service to Patient (NS2P) margins

= NS2P margin for PIEDMONT NEWNAN HOSPITAL INC. 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	1,870,221 5,089,215	2,031,959 4,572,541	2,282,904 5,268,134	6,983,437 13,092,619	9,463,055 12,369,236
⊳ Line 6: Contributions ? ⊳ Median	209,806 224,999	146,183 199,009	6,706 206,870.5	90 194,343	3,237 249,496
⊳ Line 7: Investments ? ⊳ Median	0 299,524	0 188,688.5	3,317 370,813	1,194 309,361.5	24,293 375,329
⊳ 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	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	859,527	978,007	1,008,261	890,766	829,502
⊳ 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	83,893	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	199,552	170,218	87,754
⊳ Line 21: Rental of vending machines	0	0	34,154	34,456	21,571
⊳ Line 22: Rental of hospital space	0	0	136,019	133,503	164,821
⊳ 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	800,888	823,876	894,895	5,753,210	8,331,877
Total income ? Median	13,139,622 6,586,430	16,594,518 6,767,106	38,853,965 8,419,950	33,675,211 8,094,175	76,534,288 15,162,888
Non-operating expenses Median	0 146,289.5	0 164,857	0 89,880.5	3,050,000 106,761	0 31,473.5
Net income Median	13,139,622 6,043,842	16,594,518 5,845,112	38,853,965 7,606,259	30,625,211 7,283,041	76,534,288 14,957,241
Net margin Median	5.90108% 4.62%	7.51358% 4.42%	15.38941% 5.16%	11.26461% 5.2%	23.35690% 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 PIEDMONT NEWNAN HOSPITAL INC. 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	30,827,989 23,241,334	30,775,104 23,709,545	32,250,176 24,248,380	31,883,061 22,858,541	35,305,798 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	30,827,989 21,577,146	30,775,104 22,041,594	32,250,176 22,722,063	31,883,061 21,570,441	35,305,798 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	16,168,740 11,160,864	17,380,953 11,987,345	21,049,723 12,926,866	24,018,321 11,884,480	24,733,075 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	16,168,740 10,918,923	17,380,953 11,706,976	21,049,723 12,615,917	24,018,321 11,458,116	24,733,075 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	815,558 594,888	673,785 595,761	723,656 577,894	682,596 542,168	715,108 549,667
Outlier Median	666,304 582,572	327,147 538,116	220,136 212,434	27,298 126,559	59,669 139,139

Uncompensated care

Item	2017	2018	2019	2020	2021
Medicaid shortfall Median	77,862 3,662,910	1,431,807 3,730,911	568,426 4,081,319	4,206 4,643,908	95 4,389,147
Charity care Median	16,995,963 2,654,636	22,073,687 2,940,659	20,058,770 3,380,215	22,140,396 3,488,738	17,696,833 3,233,405
Uncompensated care (UCC) Median	20,764,249 5,147,790	23,201,132 5,337,617	21,968,892 5,711,082	23,871,486 5,923,418	20,366,116 5,508,107
UCC as a % of operating expenses Median	9.91% 3.24	11.36% 3.12	10.28% 3.21	10.02% 3.3	8.11% 2.86
Total shortfall/UCC Median	20,842,111 9,489,989	24,632,939 9,424,297	22,537,318 10,120,158	23,875,692 11,171,337	20,366,211 10,133,851

Labor costs

	2017	2018	2019	2020	2021
Total salaries Median	56,117,622 52,142,039	61,841,778 54,485,252	67,584,343 57,395,589	71,458,451 58,830,919	72,772,765 61,722,907
Salaries as a % of operating expenses Median	30.01 36.68	30.28 36.56	31.64 36.37	30.00 35.93	28.98 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	807,414 1,449,244	620,226 1,475,986	545,673 1,563,078	918,618 1,721,954	4,278,970 2,991,828
Contract hours, direct-care Median	13,264.00 22,725	9,925.00 23,018.5	8,062.00 24,503.48	14,205.00 25,026.5	34,473.00 33,786
Contract wages, direct-care Median	60.87 64.67	62.49 64.53	67.68 65.06	64.67 68.97	124.13 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.