As of the July, 2022, release via CMS

BAPTIST HEALTH CORBIN

CMS id: 180080
1 TRILLIUM WAY, CORBIN KY 40701. County: WHITLEY
System: BAPTIST HEALTHCARE SYSTEM
CBSA: London, KY

The 210-bed, acute-care hospital had $14,053,428 in net service to patients*, with a total profit margin of 15.13808% in fiscal year 2021, the latest year available.
It spent 0.94% 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	nfp	nfp	nfp	nfp	nfp
Acute beds Median	238 118	238 118	180 119.5	166 118	166 119
Total beds Median	268 162	268 162	210 162	210 162	210 163.5
FTEs Median	1,082.07 788.06	1,042.23 793.42	1,054.66 806.03	985.35 787.61	1,028.06 804.34

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	162,907,410 150,932,746	166,773,678 158,950,878	182,529,776 168,696,998	186,819,757 163,454,693	240,106,598 186,589,412
Operating expenses Median	164,998,991 149,311,209	169,134,644 156,110,414	198,936,459 164,890,568	204,673,211 166,516,854	226,053,170 180,120,888
Net income from service 2 patients (NS2P) ? Median	-2,091,581 -964,173	-2,360,966 -643,601.5	-16,406,683 -116,254	-17,853,454 -5,025,862	14,053,428 -1,284,564
NS2P margin ? Median	-1.28% -0.62	-1.42% -0.29	-8.99% 0.18	-9.56% -5.07	5.85% -0.88

Range* of Net Service to Patient (NS2P) margins

= NS2P margin for BAPTIST HEALTH CORBIN 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	9,880,902 5,089,215	37,447,621 4,572,541	17,759,465 5,268,134	20,783,338 13,092,619	26,290,207 12,369,236
⊳ Line 6: Contributions ? ⊳ Median	0 224,999	140,644 199,009	151,501 206,870.5	53,022 194,343	48,899 249,496
⊳ Line 7: Investments ? ⊳ Median	120,911 299,524	98,336 188,688.5	185,496 370,813	6,459 309,361.5	1,199 375,329
⊳ 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	1,046,530	1,080,894	1,097,607	929,886	900,169
⊳ 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	9,000,927	13,464,097	16,374,108	21,555,716
⊳ 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	17,133	0	0
⊳ Line 20: Revenue from gifts, flowers, coffee shops, canteen	245,767	275,110	212,638	147,038	159,855
⊳ Line 21: Rental of vending machines	32,204	0	28,264	20,410	2,830
⊳ Line 22: Rental of hospital space	303,825	843,978	1,086,945	1,032,607	1,230,813
⊳ 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	8,131,665	26,007,732	1,515,784	2,219,808	2,390,726
Total income ? Median	7,789,321 6,586,430	35,086,655 6,767,106	1,352,782 8,419,950	2,929,884 8,094,175	40,343,635 15,162,888
Non-operating expenses Median	0 146,289.5	0 164,857	0 89,880.5	1,090,626 106,761	16,262 31,473.5
Net income Median	7,789,321 6,043,842	35,086,655 5,845,112	1,352,782 7,606,259	1,839,258 7,283,041	40,327,373 14,957,241
Net margin Median	4.50801% 4.62%	17.18070% 4.42%	0.67541% 5.16%	0.88595% 5.2%	15.13808% 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 BAPTIST HEALTH CORBIN 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	31,503,847 23,241,334	31,769,427 23,709,545	33,057,255 24,248,380	29,918,617 22,858,541	25,454,491 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	27,021,943 21,577,146	26,670,476 22,041,594	28,017,289 22,722,063	25,346,836 21,570,441	20,674,748 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	883,533 1,393,140
⊳ Inpatient rehabilitation facility (IRF) ⊳ Median	4,481,904 3,535,627	5,098,951 3,746,588	5,039,966 3,782,288	4,571,781 3,865,578	3,896,210 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	16,183,467 11,160,864	17,606,877 11,987,345	17,672,275 12,926,866	15,692,476 11,884,480	16,056,217 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	16,170,524 10,918,923	17,606,877 11,706,976	17,672,275 12,615,917	15,692,476 11,458,116	16,056,217 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	12,943 618,038	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	1,789,417 594,888	2,084,452 595,761	2,169,408 577,894	1,860,993 542,168	1,633,642 549,667
Outlier Median	569,435 582,572	581,316 538,116	808,101 212,434	252,661 126,559	144,357 139,139

Uncompensated care

Item	2017	2018	2019	2020	2021
Medicaid shortfall Median	0 3,662,910	0 3,730,911	0 4,081,319	0 4,643,908	0 4,389,147
Charity care Median	1,004,541 2,654,636	165,200 2,940,659	2,089,445 3,380,215	1,753,882 3,488,738	936,589 3,233,405
Uncompensated care (UCC) Median	2,930,241 5,147,790	1,893,665 5,337,617	3,766,225 5,711,082	3,688,129 5,923,418	2,133,599 5,508,107
UCC as a % of operating expenses Median	1.78% 3.24	1.12% 3.12	1.89% 3.21	1.80% 3.3	0.94% 2.86
Total shortfall/UCC Median	2,930,241 9,489,989	1,893,665 9,424,297	3,766,225 10,120,158	3,688,129 11,171,337	2,133,599 10,133,851

Labor costs

	2017	2018	2019	2020	2021
Total salaries Median	59,611,835 52,142,039	57,650,993 54,485,252	58,341,241 57,395,589	58,519,094 58,830,919	62,631,643 61,722,907
Salaries as a % of operating expenses Median	36.13 36.68	34.09 36.56	32.01 36.37	31.13 35.93	30.11 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	299,717 1,449,244	625,869 1,475,986	611,291 1,563,078	204,750 1,721,954	640,230 2,991,828
Contract hours, direct-care Median	11,167.00 22,725	32,094.01 23,018.5	30,574.00 24,503.48	10,221.49 25,026.5	8,995.22 33,786
Contract wages, direct-care Median	26.84 64.67	19.50 64.53	19.99 65.06	20.03 68.97	71.17 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.