As of the July, 2022, release via CMS

MUNSON MEDICAL CENTER

CMS id: 230097
1105 SIXTH STREET, TRAVERSE CITY MI 49684. County: GRAND TRAVERSE
System: MUNSON HEALTHCARE
CBSA: Traverse City, MI

The 442-bed, acute-care hospital had $24,735,093 in net service to patients*, with a total profit margin of 17.44787% in fiscal year 2021, the latest year available.
It spent 0.17% of its operating expenses on uncompensated care and reported $11,387,930 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	377 118	377 118	377 119.5	367 118	357 119
Total beds Median	439 162	439 162	442 162	442 162	442 163.5
FTEs Median	3,123.93 788.06	2,977.77 793.42	3,170.27 806.03	3,273.44 787.61	3,199.94 804.34

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	576,470,106 150,932,746	591,056,215 158,950,878	620,096,120 168,696,998	608,067,620 163,454,693	669,547,434 186,589,412
Operating expenses Median	545,751,395 149,311,209	566,973,364 156,110,414	596,492,054 164,890,568	620,136,915 166,516,854	644,812,341 180,120,888
Net income from service 2 patients (NS2P) ? Median	30,718,711 -964,173	24,082,851 -643,601.5	23,604,066 -116,254	-12,069,295 -5,025,862	24,735,093 -1,284,564
NS2P margin ? Median	5.33% -0.62	4.07% -0.29	3.81% 0.18	-1.98% -5.07	3.69% -0.88

Range* of Net Service to Patient (NS2P) margins

= NS2P margin for MUNSON MEDICAL CENTER 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	40,744,105 5,089,215	42,741,924 4,572,541	54,965,499 5,268,134	82,423,569 13,092,619	111,549,720 12,369,236
⊳ Line 6: Contributions ? ⊳ Median	0 224,999	0 199,009	0 206,870.5	0 194,343	0 249,496
⊳ Line 7: Investments ? ⊳ Median	21,245,424 299,524	19,557,455 188,688.5	24,076,769 370,813	16,992,399 309,361.5	78,223,287 375,329
⊳ 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	0	0	0	0	0
⊳ 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	0	0	0	0	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	0	0	0	0	0
⊳ Line 22: Rental of hospital space	0	0	0	0	0
⊳ 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	19,498,681	23,184,469	30,888,730	65,431,170	33,326,433
Total income ? Median	71,462,816 6,586,430	66,824,775 6,767,106	78,569,565 8,419,950	70,354,274 8,094,175	136,284,813 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	71,462,816 6,043,842	66,824,775 5,845,112	78,569,565 7,606,259	70,354,274 7,283,041	136,284,813 14,957,241
Net margin Median	11.57828% 4.62%	10.54354% 4.42%	11.63887% 5.16%	10.18902% 5.2%	17.44787% 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 MUNSON MEDICAL CENTER 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	128,191,182 23,241,334	130,661,277 23,709,545	123,536,325 24,248,380	109,573,952 22,858,541	106,622,722 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	124,551,497 21,577,146	126,034,144 22,041,594	117,694,873 22,722,063	104,715,477 21,570,441	101,061,776 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	1,397,675 1,845,420	1,378,327 1,757,392	1,707,444 1,738,842	1,059,356 1,510,463	972,768 1,393,140
⊳ Inpatient rehabilitation facility (IRF) ⊳ Median	2,242,010 3,535,627	3,248,806 3,746,588	4,134,008 3,782,288	3,799,119 3,865,578	4,588,178 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	65,659,283 11,160,864	70,407,307 11,987,345	75,911,649 12,926,866	66,730,688 11,884,480	66,598,720 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	65,659,283 10,918,923	70,407,307 11,706,976	75,911,649 12,615,917	66,730,688 11,458,116	66,598,720 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	2,811,257 3,284,314	2,957,913 3,250,551	2,970,630 3,386,837	2,697,148 3,360,806	2,581,758 3,508,953
Disproportionate-share hospital (DSH) Median	1,813,499 594,888	1,599,654 595,761	1,740,732 577,894	1,646,980 542,168	1,451,250 549,667
Outlier Median	3,083,499 582,572	3,258,604 538,116	3,116,291 212,434	538,705 126,559	547,294 139,139

Uncompensated care

Item	2017	2018	2019	2020	2021
Medicaid shortfall Median	3,498,752 3,662,910	6,148,135 3,730,911	5,217,756 4,081,319	10,816,966 4,643,908	11,387,930 4,389,147
Charity care Median	1,389,198 2,654,636	1,174,883 2,940,659	1,021,582 3,380,215	0 3,488,738	0 3,233,405
Uncompensated care (UCC) Median	5,204,210 5,147,790	5,335,713 5,337,617	5,733,976 5,711,082	1,118,977 5,923,418	1,117,718 5,508,107
UCC as a % of operating expenses Median	0.95% 3.24	0.94% 3.12	0.96% 3.21	0.18% 3.3	0.17% 2.86
Total shortfall/UCC Median	8,702,962 9,489,989	11,483,848 9,424,297	10,951,732 10,120,158	11,935,943 11,171,337	12,505,648 10,133,851

Labor costs

	2017	2018	2019	2020	2021
Total salaries Median	182,255,732 52,142,039	195,036,456 54,485,252	217,330,348 57,395,589	221,312,928 58,830,919	230,770,395 61,722,907
Salaries as a % of operating expenses Median	33.40 36.68	34.40 36.56	36.43 36.37	35.69 35.93	35.79 35.24
Intern, resident salaries* Median	1,309,818 2,598,592	1,255,457 2,686,824	1,317,618 2,753,773	1,410,666 2,937,156	1,392,891 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	6,309,948 1,449,244	3,393,385 1,475,986	1,813,049 1,563,078	2,991,716 1,721,954	0 2,991,828
Contract hours, direct-care Median	80,773.00 22,725	45,625.00 23,018.5	30,635.00 24,503.48	41,935.00 25,026.5	0.00 33,786
Contract wages, direct-care Median	78.12 64.67	74.38 64.53	59.18 65.06	71.34 68.97	0.00 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.