As of the July, 2022, release via CMS

MEMORIAL EASTON

CMS id: 210037
MEMORIAL HOSPITAL AT EASTON, 219 SOUTH WASHINGTON STREET MD 21601. County: TALBOT
System: SHORE HEALTH SYSTEMS INC.
CBSA: Easton, MD

The 148-bed, acute-care hospital had $33,563,161 in net service to patients*, with a total profit margin of 24.31419% 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	162 118	167 118	146 119.5	132 118	132 119
Total beds Median	178 162	183 162	162 162	148 162	148 163.5
FTEs Median	1,268.58 788.06	1,197.24 793.42	1,164.93 806.03	1,107.57 787.61	1,071.24 804.34

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	244,696,109 150,932,746	251,104,393 158,950,878	260,321,702 168,696,998	250,505,018 163,454,693	269,504,461 186,589,412
Operating expenses Median	238,079,000 149,311,209	233,814,096 156,110,414	237,128,697 164,890,568	233,170,437 166,516,854	235,941,300 180,120,888
Net income from service 2 patients (NS2P) ? Median	6,617,109 -964,173	17,290,297 -643,601.5	23,193,005 -116,254	17,334,581 -5,025,862	33,563,161 -1,284,564
NS2P margin ? Median	2.70% -0.62	6.89% -0.29	8.91% 0.18	6.92% -5.07	12.45% -0.88

Range* of Net Service to Patient (NS2P) margins

= NS2P margin for MEMORIAL EASTON 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	17,132,756 5,089,215	14,776,512 4,572,541	12,089,122 5,268,134	27,216,623 13,092,619	41,872,527 12,369,236
⊳ Line 6: Contributions ? ⊳ Median	348,490 224,999	285,751 199,009	224,083 206,870.5	150,483 194,343	164,429 249,496
⊳ Line 7: Investments ? ⊳ Median	6,322,226 299,524	8,176,944 188,688.5	3,354,670 370,813	1,653,766 309,361.5	6,637,099 375,329
⊳ Line 8: Revenue from telephone service	NULL	NULL	NULL	NULL	NULL
⊳ Line 9: Revenue from tv and radio	--	--	--	--	--
⊳ Line 10: Purchase discounts	2,468	8,452	12,129	11,491	15,312
⊳ 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	703,081	641,692	717,229	651,998	-56,727
⊳ 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	0	0	0	0
⊳ Line 18: Revenue from sale of medical records and abstracts	74,304	91,010	77,788	16,276	1,854
⊳ 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	0	0	0	0
⊳ Line 22: Rental of hospital space	2,594,636	2,934,259	3,009,525	3,456,568	3,461,339
⊳ 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	7,087,551	2,638,404	4,693,698	21,276,041	31,649,221
Total income ? Median	23,749,865 6,586,430	32,066,809 6,767,106	35,282,127 8,419,950	44,551,204 8,094,175	75,435,688 15,162,888
Non-operating expenses Median	5,080,865 146,289.5	758,809 164,857	457,814 89,880.5	1,050,966 106,761	-273,094 31,473.5
Net income Median	18,669,000 6,043,842	31,308,000 5,845,112	34,824,313 7,606,259	43,500,238 7,283,041	75,708,782 14,957,241
Net margin Median	7.13023% 4.62%	11.77520% 4.42%	12.78375% 5.16%	15.66325% 5.2%	24.31419% 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 MEMORIAL EASTON 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	72,787,100 23,241,334	68,618,208 23,709,545	70,073,873 24,248,380	70,663,814 22,858,541	64,779,368 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	72,787,100 21,577,146	68,618,208 22,041,594	70,073,873 22,722,063	70,663,814 21,570,441	64,779,368 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	55,136,950 11,160,864	62,540,264 11,987,345	64,105,363 12,926,866	65,889,024 11,884,480	70,615,527 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	52,533,403 10,918,923	60,330,546 11,706,976	61,741,323 12,615,917	64,125,283 11,458,116	68,832,317 12,776,716
⊳ Home Health agencies (HHA) ⊳ Median	2,603,547 1,282,808	2,209,718 1,407,728	2,364,040 1,341,512	1,763,741 1,407,046	1,783,210 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	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	2,024,073 594,888	0 595,761	0 577,894	0 542,168	0 549,667
Outlier Median	17,897 582,572	22,127 538,116	21,243 212,434	16,553 126,559	17,796 139,139

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	2,475,457 2,654,636	182,918 2,940,659	2,668,516 3,380,215	1,742,379 3,488,738	0 3,233,405
Uncompensated care (UCC) Median	6,601,108 5,147,790	6,245,984 5,337,617	11,527,274 5,711,082	6,042,072 5,923,418	0 5,508,107
UCC as a % of operating expenses Median	2.77% 3.24	2.67% 3.12	4.86% 3.21	2.59% 3.3	0.00% 2.86
Total shortfall/UCC Median	6,601,108 9,489,989	6,245,984 9,424,297	11,527,274 10,120,158	6,042,072 11,171,337	0 10,133,851

Labor costs

	2017	2018	2019	2020	2021
Total salaries Median	90,558,553 52,142,039	87,280,893 54,485,252	89,180,604 57,395,589	86,856,877 58,830,919	87,735,895 61,722,907
Salaries as a % of operating expenses Median	37.72 36.68	37.33 36.56	37.61 36.37	37.25 35.93	37.19 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	4,709,962 1,449,244	2,889,826 1,475,986	3,904,533 1,563,078	4,063,161 1,721,954	3,195,757 2,991,828
Contract hours, direct-care Median	73,631.00 22,725	43,274.00 23,018.5	57,647.26 24,503.48	64,677.52 25,026.5	38,629.56 33,786
Contract wages, direct-care Median	63.97 64.67	66.78 64.53	67.73 65.06	62.82 68.97	82.73 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.