As of the July, 2022, release via CMS

SOUTH SHORE HOSPITAL

CMS id: 220100
55 FOGG ROAD, SOUTH WEYMOUTH MA 2190. County: NORFOLK
System: --
CBSA: Boston-Cambridge-Newton, MA-NH

The 374-bed, acute-care hospital had $-57,844,353 in net service to patients*, with a total profit margin of 6.21366% in fiscal year 2021, the latest year available.
It spent 1.14% of its operating expenses on uncompensated care and reported $20,646,216 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	334 118	358 118	356 119.5	354 118	340 119
Total beds Median	368 162	392 162	390 162	388 162	374 163.5
FTEs Median	3,643.00 788.06	3,685.00 793.42	3,817.00 806.03	3,834.00 787.61	3,998.00 804.34

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	563,097,948 150,932,746	575,486,386 158,950,878	613,290,140 168,696,998	606,177,116 163,454,693	695,022,628 186,589,412
Operating expenses Median	595,660,075 149,311,209	608,902,615 156,110,414	649,735,870 164,890,568	687,985,594 166,516,854	752,866,981 180,120,888
Net income from service 2 patients (NS2P) ? Median	-32,562,127 -964,173	-33,416,229 -643,601.5	-36,445,730 -116,254	-81,808,478 -5,025,862	-57,844,353 -1,284,564
NS2P margin ? Median	-5.78% -0.62	-5.81% -0.29	-5.94% 0.18	-13.50% -5.07	-8.32% -0.88

Range* of Net Service to Patient (NS2P) margins

= NS2P margin for SOUTH SHORE HOSPITAL 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	42,190,267 5,089,215	44,125,068 4,572,541	40,008,857 5,268,134	106,879,013 13,092,619	107,724,330 12,369,236
⊳ Line 6: Contributions ? ⊳ Median	1,036,893 224,999	575,472 199,009	2,956,189 206,870.5	852,988 194,343	704,319 249,496
⊳ Line 7: Investments ? ⊳ Median	9,973,202 299,524	4,684,618 188,688.5	4,354,211 370,813	5,194,171 309,361.5	56,887,371 375,329
⊳ Line 8: Revenue from telephone service	NULL	NULL	NULL	NULL	NULL
⊳ Line 9: Revenue from tv and radio	--	--	254,458	--	--
⊳ Line 10: Purchase discounts	397,404	254,458	0	388,287	1,172,579
⊳ Line 11: Rebates and refunds of expenses	0	0	0	1,521,680	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	4,429,333	4,127,708	4,127,708	3,796,727	3,539,239
⊳ 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	22,358	15,993	15,993	17,876	11,807
⊳ Line 19: Tuition (fees, sale of textbooks, uniforms, etc.)	0	0	281,335	0	0
⊳ Line 20: Revenue from gifts, flowers, coffee shops, canteen	661,030	789,432	665,230	520,765	396,731
⊳ Line 21: Rental of vending machines	0	0	34,201	0	23,640
⊳ Line 22: Rental of hospital space	2,541,583	2,376,694	2,376,694	3,364,729	2,355,726
⊳ 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	22,942,273	31,204,018	24,846,163	91,203,557	42,632,918
Total income ? Median	9,628,140 6,586,430	10,708,839 6,767,106	3,563,127 8,419,950	25,070,535 8,094,175	49,879,977 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	9,628,140 6,043,842	10,708,839 5,845,112	3,563,127 7,606,259	25,070,535 7,283,041	49,879,977 14,957,241
Net margin Median	1.59067% 4.62%	1.72832% 4.42%	0.54541% 5.16%	3.51593% 5.2%	6.21366% 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 SOUTH SHORE HOSPITAL 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	115,140,359 23,241,334	121,943,866 23,709,545	127,938,740 24,248,380	127,231,040 22,858,541	139,292,341 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	115,140,359 21,577,146	121,943,866 22,041,594	127,938,740 22,722,063	127,231,040 21,570,441	139,292,341 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	63,872,867 11,160,864	63,900,258 11,987,345	69,643,028 12,926,866	66,809,553 11,884,480	74,346,240 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	43,045,020 10,918,923	44,427,658 11,706,976	48,532,573 12,615,917	44,126,964 11,458,116	51,694,178 12,776,716
⊳ Home Health agencies (HHA) ⊳ Median	20,827,847 1,282,808	19,472,600 1,407,728	21,110,455 1,341,512	22,682,589 1,407,046	22,652,062 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	1,517,416 594,888	1,298,291 595,761	1,442,485 577,894	1,197,312 542,168	1,525,532 549,667
Outlier Median	1,298,483 582,572	1,584,026 538,116	387,597 212,434	644,996 126,559	51,398,999 139,139

Uncompensated care

Item	2017	2018	2019	2020	2021
Medicaid shortfall Median	14,150,196 3,662,910	15,012,447 3,730,911	16,541,706 4,081,319	19,564,266 4,643,908	20,646,216 4,389,147
Charity care Median	2,967,765 2,654,636	3,312,405 2,940,659	3,987,725 3,380,215	3,020,048 3,488,738	3,873,501 3,233,405
Uncompensated care (UCC) Median	10,392,705 5,147,790	9,530,715 5,337,617	10,246,239 5,711,082	10,762,530 5,923,418	8,609,046 5,508,107
UCC as a % of operating expenses Median	1.74% 3.24	1.57% 3.12	1.58% 3.21	1.56% 3.3	1.14% 2.86
Total shortfall/UCC Median	24,542,901 9,489,989	24,543,162 9,424,297	26,787,945 10,120,158	30,326,796 11,171,337	29,255,262 10,133,851

Labor costs

	2017	2018	2019	2020	2021
Total salaries Median	334,819,571 52,142,039	340,568,686 54,485,252	352,131,302 57,395,589	358,314,521 58,830,919	402,111,070 61,722,907
Salaries as a % of operating expenses Median	56.21 36.68	55.93 36.56	54.20 36.37	52.08 35.93	53.41 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	1,323,982 1,449,244	851,746 1,475,986	3,184,875 1,563,078	4,778,728 1,721,954	10,944,165 2,991,828
Contract hours, direct-care Median	21,555.00 22,725	14,557.00 23,018.5	41,553.00 24,503.48	46,624.00 25,026.5	129,740.00 33,786
Contract wages, direct-care Median	61.42 64.67	58.51 64.53	76.65 65.06	102.50 68.97	84.35 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.