As of the July, 2022, release via CMS

PRATT REGIONAL MEDICAL CENTER

CMS id: 170027
200 COMMODORE, PRATT KS 67124. County: PRATT
System: --
CBSA: Rural Kansas

The 81-bed, acute-care hospital had $-11,030,040 in net service to patients*, with a total profit margin of 1.76217% in fiscal year 2021, the latest year available.
It spent 1.62% of its operating expenses on uncompensated care and reported $1,236,342 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	29 118	29 118	29 119.5	29 118	29 119
Total beds Median	81 162	81 162	81 162	81 162	81 163.5
FTEs Median	366.51 788.06	353.18 793.42	348.19 806.03	336.24 787.61	392.81 804.34

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	45,694,374 150,932,746	46,280,272 158,950,878	47,171,193 168,696,998	42,971,616 163,454,693	41,986,173 186,589,412
Operating expenses Median	50,798,266 149,311,209	54,422,192 156,110,414	53,883,685 164,890,568	52,603,432 166,516,854	53,016,213 180,120,888
Net income from service 2 patients (NS2P) ? Median	-5,103,892 -964,173	-8,141,920 -643,601.5	-6,712,492 -116,254	-9,631,816 -5,025,862	-11,030,040 -1,284,564
NS2P margin ? Median	-11.17% -0.62	-17.59% -0.29	-14.23% 0.18	-22.41% -5.07	-26.27% -0.88

Range* of Net Service to Patient (NS2P) margins

= NS2P margin for PRATT REGIONAL MEDICAL CENTER 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	5,892,478 5,089,215	9,526,772 4,572,541	5,750,420 5,268,134	9,178,408 13,092,619	11,981,035 12,369,236
⊳ Line 6: Contributions ? ⊳ Median	907,358 224,999	412,970 199,009	261,265 206,870.5	102,230 194,343	1,305,961 249,496
⊳ Line 7: Investments ? ⊳ Median	667,877 299,524	636,406 188,688.5	554,081 370,813	969,858 309,361.5	1,662,131 375,329
⊳ Line 8: Revenue from telephone service	NULL	NULL	NULL	NULL	NULL
⊳ Line 9: Revenue from tv and radio	--	--	--	--	--
⊳ Line 10: Purchase discounts	34	234	53	43	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	15	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	30,646	26,530	5,058	4,804	5,353
⊳ 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	9,947	1,835	4,782	3,090	5,064
⊳ 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	5	0	0	5
⊳ Line 22: Rental of hospital space	306,748	312,608	318,393	320,616	322,099
⊳ Line 23: Gov appropriations ? ⊳ Median	1,685,345 1,017,693	1,558,353 983,261.5	1,751,033 1,173,286	1,507,423 1,987,202	2,339,161 1,597,664
⊳ Sum Line 24	2,284,523	6,577,831	2,855,740	6,270,344	6,341,261
Total income ? Median	788,586 6,586,430	1,384,852 6,767,106	-962,072 8,419,950	-453,408 8,094,175	950,995 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	788,586 6,043,842	1,384,852 5,845,112	-962,072 7,606,259	-453,408 7,283,041	950,995 14,957,241
Net margin Median	1.52866% 4.62%	2.48150% 4.42%	-1.81792% 5.16%	-0.86943% 5.2%	1.76217% 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 PRATT REGIONAL MEDICAL CENTER 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	11,241,824 23,241,334	12,652,914 23,709,545	11,608,565 24,248,380	9,583,682 22,858,541	9,999,189 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	10,410,949 21,577,146	11,386,167 22,041,594	10,634,894 22,722,063	8,751,916 21,570,441	9,966,720 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	830,875 1,203,033	1,266,747 1,215,295	973,671 1,313,657	831,766 1,365,298	32,469 1,179,746
All outpatient revenue Median Click here to show/hide details	6,598,637 11,160,864	6,827,012 11,987,345	6,826,744 12,926,866	6,339,382 11,884,480	6,276,387 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	4,467,236 10,918,923	4,715,448 11,706,976	4,696,625 12,615,917	4,309,493 11,458,116	4,286,527 12,776,716
⊳ Home Health agencies (HHA) ⊳ Median	254,212 1,282,808	212,391 1,407,728	176,566 1,341,512	297,985 1,407,046	258,086 1,476,867
⊳ Community mental health clinics (CMHC) ⊳ Median	0 --	0 --	0 --	0 --	0 --
⊳ Rural health clinics ⊳ Median	1,877,189 618,038	1,899,173 697,279	1,953,553 690,232	1,731,904 684,010	1,731,774 670,558
⊳ 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	0 594,888	0 595,761	0 577,894	0 542,168	0 549,667
Outlier Median	78,357 582,572	78,743 538,116	21,541 212,434	22,271 126,559	24,460 139,139

Uncompensated care

Item	2017	2018	2019	2020	2021
Medicaid shortfall Median	0 3,662,910	1,133,842 3,730,911	799,688 4,081,319	1,199,014 4,643,908	1,236,342 4,389,147
Charity care Median	271,617 2,654,636	143,856 2,940,659	101,467 3,380,215	285,882 3,488,738	83,021 3,233,405
Uncompensated care (UCC) Median	1,286,374 5,147,790	1,447,465 5,337,617	927,452 5,711,082	1,784,446 5,923,418	860,390 5,508,107
UCC as a % of operating expenses Median	2.53% 3.24	2.66% 3.12	1.72% 3.21	3.39% 3.3	1.62% 2.86
Total shortfall/UCC Median	1,286,374 9,489,989	2,581,307 9,424,297	1,727,140 10,120,158	2,983,460 11,171,337	2,096,732 10,133,851

Labor costs

	2017	2018	2019	2020	2021
Total salaries Median	23,830,418 52,142,039	23,913,360 54,485,252	24,187,775 57,395,589	23,854,442 58,830,919	24,303,655 61,722,907
Salaries as a % of operating expenses Median	46.91 36.68	43.94 36.56	44.89 36.37	45.35 35.93	45.84 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	358,922 1,449,244	992,214 1,475,986	936,093 1,563,078	689,440 1,721,954	1,217,048 2,991,828
Contract hours, direct-care Median	5,282.00 22,725	15,717.00 23,018.5	17,070.00 24,503.48	9,288.00 25,026.5	24,175.00 33,786
Contract wages, direct-care Median	67.95 64.67	63.13 64.53	54.84 65.06	74.23 68.97	50.34 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.