As of the July, 2022, release via CMS
The 221-bed, acute-care hospital had $-10,301,680 in net service to patients*, with a total profit margin of 5.52194% in fiscal year 2020, the latest year available.
It spent 10.11% of its operating expenses on uncompensated care and reported $571,187 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.
2017 | 2018 | 2019 | 2020 | 2021 | |
---|---|---|---|---|---|
# of days in fyear | 365 | 365 | 365 | 366 | -- |
Ownership |
forprofit | forprofit | forprofit | forprofit | -- |
Acute beds Median |
148 118 |
148 118 |
153 119.5 |
153 118 |
-- 119 |
Total beds Median |
216 162 |
216 162 |
221 162 |
221 162 |
-- 163.5 |
FTEs Median |
763.58 788.06 |
717.42 793.42 |
661.10 806.03 |
633.56 787.61 |
-- 804.34 |
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
2017 | 2018 | 2019 | 2020 | 2021 | |
---|---|---|---|---|---|
Net patient revenue ? Median |
128,851,971 150,932,746 |
146,545,382 158,950,878 |
122,112,414 168,696,998 |
109,178,432 163,454,693 |
-- 186,589,412 |
Operating expenses Median |
134,407,848 149,311,209 |
132,580,152 156,110,414 |
128,374,886 164,890,568 |
119,480,112 166,516,854 |
-- 180,120,888 |
Net income from service 2 patients (NS2P) ? Median |
-5,555,877 -964,173 |
13,965,230 -643,601.5 |
-6,262,472 -116,254 |
-10,301,680 -5,025,862 |
-- -1,284,564 |
NS2P margin ? Median |
-4.31% -0.62 |
9.53% -0.29 |
-5.13% 0.18 |
-9.44% -5.07 |
--% -0.88 |
Range* of Net Service to Patient (NS2P) margins
= NS2P margin for PROVIDENCE MEDICAL CENTER compared to all** acute-care hospitals, from CMS cost reports.* 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 |
1,016,387 5,089,215 |
909,549 4,572,541 |
1,015,704 5,268,134 |
17,545,964 13,092,619 |
-- 12,369,236 |
Total income ? Median |
-4,539,490 6,586,430 |
14,874,779 6,767,106 |
-5,246,768 8,419,950 |
7,244,284 8,094,175 |
-- 15,162,888 |
Non-operating expenses Median |
0 146,289.5 |
42 164,857 |
196,218 89,880.5 |
246,638 106,761 |
-- 31,473.5 |
Net income Median |
-4,539,490 6,043,842 |
14,874,737 5,845,112 |
-5,442,986 7,606,259 |
6,997,646 7,283,041 |
-- 14,957,241 |
Net margin Median |
-3.49545% 4.62% |
10.08765% 4.42% |
-4.42059% 5.16% |
5.52194% 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 PROVIDENCE MEDICAL CENTER compared to all** acute-care hospitals, from CMS cost reports.* 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 |
Inpatient and outpatient revenue
2017 | 2018 | 2019 | 2020 | 2021 | |
---|---|---|---|---|---|
All inpatient revenue Median Click here to show/hide details |
37,175,202 23,241,334 |
35,841,149 23,709,545 |
31,476,114 24,248,380 |
26,947,342 22,858,541 |
-- 23,620,613 |
All outpatient revenue Median Click here to show/hide details |
10,846,372 11,160,864 |
10,600,178 11,987,345 |
9,185,407 12,926,866 |
5,029,709 11,884,480 |
-- 13,145,163 |
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 |
-- 3,508,953 |
Disproportionate-share hospital (DSH) Median |
460,639 594,888 |
341,273 595,761 |
329,125 577,894 |
268,132 542,168 |
-- 549,667 |
Outlier Median |
623,419 582,572 |
826,844 538,116 |
109,317 212,434 |
64,632 126,559 |
-- 139,139 |
Item | 2017 | 2018 | 2019 | 2020 | 2021 |
---|---|---|---|---|---|
Medicaid shortfall Median |
5,327,868 3,662,910 |
5,951,903 3,730,911 |
0 4,081,319 |
571,187 4,643,908 |
-- 4,389,147 |
Charity care Median |
5,488,447 2,654,636 |
7,284,297 2,940,659 |
8,231,303 3,380,215 |
7,016,533 3,488,738 |
-- 3,233,405 |
Uncompensated care (UCC) Median |
11,709,874 5,147,790 |
16,438,791 5,337,617 |
16,793,175 5,711,082 |
12,080,344 5,923,418 |
-- 5,508,107 |
UCC as a % of operating expenses Median |
8.71% 3.24 |
12.40% 3.12 |
13.08% 3.21 |
10.11% 3.3 |
--% 2.86 |
Total shortfall/UCC Median |
17,037,742 9,489,989 |
22,390,694 9,424,297 |
16,793,175 10,120,158 |
12,651,531 11,171,337 |
-- 10,133,851 |
2017 | 2018 | 2019 | 2020 | 2021 | |
---|---|---|---|---|---|
Total salaries Median |
42,951,228 52,142,039 |
42,748,457 54,485,252 |
43,685,139 57,395,589 |
42,317,562 58,830,919 |
-- 61,722,907 |
Salaries as a % of operating expenses Median |
31.96 36.68 |
32.24 36.56 |
34.03 36.37 |
35.42 35.93 |
-- 35.24 |
Intern, resident salaries* Median |
0 2,598,592 |
0 2,686,824 |
0 2,753,773 |
0 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 |
483,649 1,449,244 |
1,382,523 1,475,986 |
563,769 1,563,078 |
137,783 1,721,954 |
-- 2,991,828 |
Contract hours, direct-care Median |
10,205.37 22,725 |
25,064.00 23,018.5 |
8,877.00 24,503.48 |
2,034.00 25,026.5 |
-- 33,786 |
Contract wages, direct-care Median |
47.39 64.67 |
55.16 64.53 |
63.51 65.06 |
67.74 68.97 |
-- 88.94 |
* in an approved program
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
Web app by Tim Broderick | email.