As of the July, 2022, release via CMS

PRINCE GEORGES HOSPITAL CENTER INC

CMS id: 210003
7300 VAN DUSEN ROAD, LAUREL MD 20707. County: PRINCE GEORGE'S
System: DIMENSIONS HEALTHCARE
CBSA: Washington-Arlington-Alexandria, DC-VA-MD-WV

The 269-bed, acute-care hospital had $-11,412,410 in net service to patients*, with a total profit margin of -3.84017% in fiscal year 2021, the latest year available.
It spent 0.00% 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	199 118	196 118	323 119.5	220 118	210 119
Total beds Median	246 162	243 162	382 162	269 162	269 163.5
FTEs Median	1,397.07 788.06	1,466.70 793.42	1,799.82 806.03	1,658.50 787.61	1,529.77 804.34

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	267,332,912 150,932,746	299,545,068 158,950,878	315,560,406 168,696,998	340,260,812 163,454,693	376,284,759 186,589,412
Operating expenses Median	307,126,730 149,311,209	343,393,160 156,110,414	348,093,608 164,890,568	383,013,000 166,516,854	387,697,169 180,120,888
Net income from service 2 patients (NS2P) ? Median	-39,793,818 -964,173	-43,848,092 -643,601.5	-32,533,202 -116,254	-42,752,188 -5,025,862	-11,412,410 -1,284,564
NS2P margin ? Median	-14.89% -0.62	-14.64% -0.29	-10.31% 0.18	-12.56% -5.07	-3.03% -0.88

Range* of Net Service to Patient (NS2P) margins

= NS2P margin for PRINCE GEORGES HOSPITAL CENTER 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	25,033,017 5,089,215	35,380,619 4,572,541	44,388,318 5,268,134	26,815,342 13,092,619	64,488,138 12,369,236
⊳ Line 6: Contributions ? ⊳ Median	0 224,999	0 199,009	435 206,870.5	0 194,343	0 249,496
⊳ Line 7: Investments ? ⊳ Median	179,971 299,524	56,391 188,688.5	0 370,813	0 309,361.5	0 375,329
⊳ 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	269,739	240,867	225,853	158,803	241,674
⊳ Line 13: Revenue from laundry and linen service	0	0	0	0	0
⊳ Line 14: Revenue from meals sold to emplyees and guests	536,124	888,348	919,245	570,388	0
⊳ Line 15: Revenue from rental of living quarters	412,561	562,142	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	0	0	0	0
⊳ Line 18: Revenue from sale of medical records and abstracts	15	45	2,915	30	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	0	0	0
⊳ Line 21: Rental of vending machines	19,176	28,524	22,771	25,862	1,039
⊳ Line 22: Rental of hospital space	0	0	637,485	517,530	59,784
⊳ 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	23,615,431	33,604,302	42,579,614	25,542,729	64,185,641
Total income ? Median	-14,760,801 6,586,430	-8,467,473 6,767,106	11,855,116 8,419,950	-15,936,846 8,094,175	53,075,728 15,162,888
Non-operating expenses Median	3,850 146,289.5	562 164,857	0 89,880.5	0 106,761	70,002,159 31,473.5
Net income Median	-14,764,651 6,043,842	-8,468,035 5,845,112	11,855,116 7,606,259	-15,936,846 7,283,041	-16,926,431 14,957,241
Net margin Median	-5.05006% 4.62%	-2.52833% 4.42%	3.29356% 5.16%	-4.34156% 5.2%	-3.84017% 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 PRINCE GEORGES HOSPITAL CENTER 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	74,004,117 23,241,334	74,385,519 23,709,545	84,659,435 24,248,380	83,282,252 22,858,541	97,325,133 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	74,004,117 21,577,146	74,385,519 22,041,594	84,659,435 22,722,063	83,282,252 21,570,441	97,325,133 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	13,703,038 11,160,864	12,644,473 11,987,345	19,954,515 12,926,866	20,158,143 11,884,480	20,088,803 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	13,703,038 10,918,923	12,644,473 11,706,976	19,954,515 12,615,917	20,158,143 11,458,116	20,088,803 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	6,966,671 3,284,314	7,454,174 3,250,551	7,524,409 3,386,837	7,351,592 3,360,806	9,568,159 3,508,953
Disproportionate-share hospital (DSH) Median	4,576,761 594,888	0 595,761	0 577,894	0 542,168	0 549,667
Outlier Median	1,140,429 582,572	800,717 538,116	450,311 212,434	0 126,559	0 139,139

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	4,853,965 2,654,636	3,526,369 2,940,659	6,826,414 3,380,215	17,624,405 3,488,738	0 3,233,405
Uncompensated care (UCC) Median	20,108,926 5,147,790	10,124,110 5,337,617	19,019,964 5,711,082	24,046,592 5,923,418	0 5,508,107
UCC as a % of operating expenses Median	6.55% 3.24	2.95% 3.12	5.46% 3.21	6.28% 3.3	0.00% 2.86
Total shortfall/UCC Median	20,108,926 9,489,989	10,124,110 9,424,297	19,019,964 10,120,158	24,046,592 11,171,337	0 10,133,851

Labor costs

	2017	2018	2019	2020	2021
Total salaries Median	111,279,541 52,142,039	117,682,813 54,485,252	124,497,473 57,395,589	130,992,393 58,830,919	124,245,645 61,722,907
Salaries as a % of operating expenses Median	36.26 36.68	37.71 36.56	35.77 36.37	35.38 35.93	32.05 35.24
Intern, resident salaries* Median	3,569,161 2,598,592	3,760,836 2,686,824	3,843,698 2,753,773	0 2,937,156	0 2,909,848
Contract intern, resident salaries* Median	0 1,251,927	226,425 1,186,494	0 1,204,885	0 1,279,653	0 1,469,317
Contract adjusted salaries, direct-care Median	12,286,934 1,449,244	8,308,610 1,475,986	6,221,431 1,563,078	6,101,254 1,721,954	18,262,571 2,991,828
Contract hours, direct-care Median	188,398.00 22,725	127,104.00 23,018.5	94,873.00 24,503.48	75,447.25 25,026.5	160,076.00 33,786
Contract wages, direct-care Median	65.22 64.67	65.37 64.53	65.58 65.06	80.87 68.97	114.09 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.