As of the July, 2022, release via CMS

PARKVIEW HOSPITAL

CMS id: 150021
11109 PARKVIEW PLAZA DRIVE, FORT WAYNE IN 46845. County: ALLEN
System: PARKVIEW HEALTH SYSTEM INC.
CBSA: Fort Wayne, IN

The 781-bed, acute-care hospital had $-81,432,014 in net service to patients*, with a total profit margin of 6.13801% in fiscal year 2020, the latest year available.
It spent 2.89% of its operating expenses on uncompensated care and reported $36,719,404 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	--
Ownership	nfp	nfp	nfp	nfp	--
Acute beds Median	387 118	404 118	437 119.5	486 118	-- 119
Total beds Median	710 162	712 162	724 162	781 162	-- 163.5
FTEs Median	4,865.40 788.06	5,033.30 793.42	5,338.23 806.03	5,725.93 787.61	-- 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	970,803,123 150,932,746	1,140,769,276 158,950,878	1,267,440,985 168,696,998	1,305,602,398 163,454,693	-- 186,589,412
Operating expenses Median	894,480,685 149,311,209	1,058,346,675 156,110,414	1,204,222,770 164,890,568	1,387,034,412 166,516,854	-- 180,120,888
Net income from service 2 patients (NS2P) ? Median	76,322,438 -964,173	82,422,601 -643,601.5	63,218,215 -116,254	-81,432,014 -5,025,862	-- -1,284,564
NS2P margin ? Median	7.86% -0.62	7.23% -0.29	4.99% 0.18	-6.24% -5.07	--% -0.88

Range* of Net Service to Patient (NS2P) margins

= NS2P margin for PARKVIEW 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	50,620,563 5,089,215	55,735,779 4,572,541	70,340,986 5,268,134	172,201,215 13,092,619	-- 12,369,236
⊳ Line 6: Contributions ? ⊳ Median	739,780 224,999	1,261,287 199,009	2,572,853 206,870.5	5,955,738 194,343	-- 249,496
⊳ Line 7: Investments ? ⊳ Median	292,447 299,524	-299,534 188,688.5	274,149 370,813	694,746 309,361.5	-- 375,329
⊳ Line 8: Revenue from telephone service	NULL	NULL	NULL	NULL	NULL
⊳ Line 9: Revenue from tv and radio	--	--	--	--	--
⊳ Line 10: Purchase discounts	-2,405	-5,801	-4,256	-1,020	--
⊳ Line 11: Rebates and refunds of expenses	0	0	0	0	--
⊳ Line 12: Parking lot receipts	3,090	4,310	3,770	3,600	--
⊳ Line 13: Revenue from laundry and linen service	137,880	268,129	226,387	176,292	--
⊳ Line 14: Revenue from meals sold to emplyees and guests	4,750,695	5,280,854	5,870,892	3,519,534	--
⊳ Line 15: Revenue from rental of living quarters	0	0	0	0	--
⊳ Line 16: Revenue from sale of medical and surgical supplies	0	0	0	0	--
⊳ Line 17: Revenue from sale of drugs to other than patients	13,281,176	17,186,030	21,885,956	25,870,975	--
⊳ Line 18: Revenue from sale of medical records and abstracts	285	914	7,061	6	--
⊳ Line 19: Tuition (fees, sale of textbooks, uniforms, etc.)	0	0	0	0	--
⊳ Line 20: Revenue from gifts, flowers, coffee shops, canteen	0	0	0	0	--
⊳ Line 21: Rental of vending machines	0	0	0	0	--
⊳ Line 22: Rental of hospital space	7,049,687	8,011,975	8,636,121	8,253,552	--
⊳ Line 23: Gov appropriations ? ⊳ Median	0 1,017,693	0 983,261.5	0 1,173,286	0 1,987,202	-- 1,597,664
⊳ Sum Line 24	24,367,928	24,027,615	30,868,053	127,727,792	--
Total income ? Median	126,943,001 6,586,430	138,158,380 6,767,106	133,559,201 8,419,950	90,769,201 8,094,175	-- 15,162,888
Non-operating expenses Median	-377,012 146,289.5	1,483,913 164,857	131,560 89,880.5	61,517 106,761	-- 31,473.5
Net income Median	127,320,013 6,043,842	136,674,467 5,845,112	133,427,641 7,606,259	90,707,684 7,283,041	-- 14,957,241
Net margin Median	12.46496% 4.62%	11.42281% 4.42%	9.97380% 5.16%	6.13801% 5.2%	--% 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 PARKVIEW 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	102,713,377 23,241,334	103,571,772 23,709,545	106,953,709 24,248,380	112,108,351 22,858,541	-- 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	93,302,088 21,577,146	92,507,963 22,041,594	96,671,939 22,722,063	98,713,956 21,570,441	-- 22,140,684
⊳ Swingbeds ⊳ Median	0 --	0 --	0 --	0 --	-- --
⊳ Tax Equity and Fiscal Responsibility Act payments (TEFRA) ⊳ Median	0 --	0 --	0 --	0 --	-- --
⊳ Inpatient psychiatric facility (IPF) ⊳ Median	4,350,329 1,845,420	3,717,262 1,757,392	3,275,859 1,738,842	3,637,467 1,510,463	-- 1,393,140
⊳ Inpatient rehabilitation facility (IRF) ⊳ Median	2,973,688 3,535,627	5,638,370 3,746,588	6,750,009 3,782,288	9,756,928 3,865,578	-- 3,983,889
⊳ Long-term care hospital (LTCH) ⊳ Median	0 --	0 --	0 --	0 --	-- --
⊳ Critical-access hospitals ⊳ Median	0 --	0 --	0 --	0 --	-- --
⊳ Skilled-nursing facilities (SNF) ⊳ Median	2,087,272 1,203,033	1,708,177 1,215,295	255,902 1,313,657	0 1,365,298	-- 1,179,746
All outpatient revenue Median Click here to show/hide details	47,804,539 11,160,864	51,375,912 11,987,345	55,295,841 12,926,866	58,660,124 11,884,480	-- 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	45,202,022 10,918,923	48,830,435 11,706,976	52,618,216 12,615,917	55,403,957 11,458,116	-- 12,776,716
⊳ Home Health agencies (HHA) ⊳ Median	2,602,517 1,282,808	2,545,477 1,407,728	2,677,625 1,341,512	3,256,167 1,407,046	-- 1,476,867
⊳ Community mental health clinics (CMHC) ⊳ Median	0 --	0 --	0 --	0 --	-- --
⊳ Rural health clinics ⊳ Median	0 618,038	0 697,279	0 690,232	0 684,010	-- 670,558
⊳ Other federally qualified health clinics ⊳ Median	0 --	0 --	0 --	0 --	-- --

Other payments

Item	2017	2018	2019	2020	2021
Graduate Medical Education (GME) Median	1,485,351 3,284,314	1,255,257 3,250,551	1,284,826 3,386,837	1,115,640 3,360,806	-- 3,508,953
Disproportionate-share hospital (DSH) Median	2,489,841 594,888	2,265,148 595,761	2,335,754 577,894	2,590,693 542,168	-- 549,667
Outlier Median	5,672,954 582,572	5,490,628 538,116	1,461,505 212,434	1,402,586 126,559	-- 139,139

Uncompensated care

Item	2017	2018	2019	2020	2021
Medicaid shortfall Median	39,023,719 3,662,910	31,355,783 3,730,911	15,287,296 4,081,319	36,719,404 4,643,908	-- 4,389,147
Charity care Median	18,263,083 2,654,636	18,600,841 2,940,659	25,870,981 3,380,215	24,174,958 3,488,738	-- 3,233,405
Uncompensated care (UCC) Median	29,521,490 5,147,790	33,798,701 5,337,617	41,291,318 5,711,082	40,122,892 5,923,418	-- 5,508,107
UCC as a % of operating expenses Median	3.30% 3.24	3.19% 3.12	3.43% 3.21	2.89% 3.3	--% 2.86
Total shortfall/UCC Median	68,545,209 9,489,989	65,154,484 9,424,297	56,578,614 10,120,158	76,842,296 11,171,337	-- 10,133,851

Labor costs

	2017	2018	2019	2020	2021
Total salaries Median	368,270,814 52,142,039	399,833,810 54,485,252	444,476,258 57,395,589	514,046,008 58,830,919	-- 61,722,907
Salaries as a % of operating expenses Median	41.17 36.68	38.21 36.56	37.32 36.37	37.50 35.93	-- 35.24
Intern, resident salaries* Median	1,709 2,598,592	2,304 2,686,824	4,177 2,753,773	1,722 2,937,156	-- 2,909,848
Contract intern, resident salaries* Median	0 1,251,927	0 1,186,494	0 1,204,885	0 1,279,653	-- 1,469,317
Contract adjusted salaries, direct-care Median	10,510,503 1,449,244	17,429,971 1,475,986	25,354,207 1,563,078	0 1,721,954	-- 2,991,828
Contract hours, direct-care Median	143,976.00 22,725	239,720.00 23,018.5	338,172.00 24,503.48	0.00 25,026.5	-- 33,786
Contract wages, direct-care Median	73.00 64.67	72.71 64.53	74.97 65.06	0.00 68.97	-- 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.