As of the July, 2022, release via CMS

UNIVERSITY OF MISSISSIPPI MEDICAL

CMS id: 250001
2500 NORTH STATE STREET, JACKSON MS 39216. County: HINDS
System: STATE OF MS- UNIVERSITY OF MS MEDICA
CBSA: Jackson, MS

The 710-bed, acute-care hospital had $-154,391,004 in net service to patients*, with a total profit margin of 8.07937% in fiscal year 2021, the latest year available.
It spent 9.04% 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	gov	gov	gov	gov	gov
Acute beds Median	486 118	486 118	486 119.5	500 118	503 119
Total beds Median	700 162	700 162	698 162	717 162	710 163.5
FTEs Median	5,212.45 788.06	5,271.18 793.42	5,468.51 806.03	5,540.19 787.61	4,699.53 804.34

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	748,586,899 150,932,746	768,188,960 158,950,878	819,531,444 168,696,998	816,440,789 163,454,693	780,326,579 186,589,412
Operating expenses Median	820,371,326 149,311,209	821,417,288 156,110,414	868,075,013 164,890,568	932,475,753 166,516,854	934,717,583 180,120,888
Net income from service 2 patients (NS2P) ? Median	-71,784,427 -964,173	-53,228,328 -643,601.5	-48,543,569 -116,254	-116,034,964 -5,025,862	-154,391,004 -1,284,564
NS2P margin ? Median	-9.59% -0.62	-6.93% -0.29	-5.92% 0.18	-14.21% -5.07	-19.79% -0.88

Range* of Net Service to Patient (NS2P) margins

= NS2P margin for UNIVERSITY OF MISSISSIPPI MEDICAL 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	108,202,270 5,089,215	129,079,296 4,572,541	136,694,577 5,268,134	180,356,339 13,092,619	241,585,652 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	0 299,524	0 188,688.5	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	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	1,015,111	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	107,187,159	129,079,296	136,694,577	180,356,339	241,585,652
Total income ? Median	36,417,843 6,586,430	75,850,968 6,767,106	88,151,008 8,419,950	64,321,375 8,094,175	87,194,648 15,162,888
Non-operating expenses Median	0 146,289.5	0 164,857	144,140 89,880.5	0 106,761	4,630,551 31,473.5
Net income Median	36,417,843 6,043,842	75,850,968 5,845,112	88,006,868 7,606,259	64,321,375 7,283,041	82,564,097 14,957,241
Net margin Median	4.25050% 4.62%	8.45354% 4.42%	9.20356% 5.16%	6.45281% 5.2%	8.07937% 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 UNIVERSITY OF MISSISSIPPI MEDICAL 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	139,045,208 23,241,334	139,312,483 23,709,545	153,599,510 24,248,380	149,560,647 22,858,541	153,265,077 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	139,045,208 21,577,146	139,312,483 22,041,594	153,599,510 22,722,063	149,560,647 21,570,441	153,265,077 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	54,719,569 11,160,864	57,193,848 11,987,345	60,993,860 12,926,866	61,474,181 11,884,480	59,737,052 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	54,719,569 10,918,923	57,193,848 11,706,976	60,993,860 12,615,917	61,474,181 11,458,116	59,737,052 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	22,438,528 3,284,314	23,449,793 3,250,551	24,961,066 3,386,837	24,373,356 3,360,806	24,793,332 3,508,953
Disproportionate-share hospital (DSH) Median	6,688,963 594,888	6,883,780 595,761	7,112,529 577,894	7,085,976 542,168	7,030,963 549,667
Outlier Median	7,955,731 582,572	6,289,302 538,116	6,334,535 212,434	301,482 126,559	274,655 139,139

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	73,747,480 2,654,636	55,126,722 2,940,659	51,707,727 3,380,215	60,758,570 3,488,738	63,387,813 3,233,405
Uncompensated care (UCC) Median	93,238,727 5,147,790	78,732,537 5,337,617	75,508,984 5,711,082	81,872,091 5,923,418	84,510,449 5,508,107
UCC as a % of operating expenses Median	11.37% 3.24	9.58% 3.12	8.70% 3.21	8.78% 3.3	9.04% 2.86
Total shortfall/UCC Median	93,238,727 9,489,989	78,732,537 9,424,297	75,508,984 10,120,158	81,872,091 11,171,337	84,510,449 10,133,851

Labor costs

	2017	2018	2019	2020	2021
Total salaries Median	350,169,468 52,142,039	358,396,725 54,485,252	379,383,649 57,395,589	347,109,252 58,830,919	333,547,631 61,722,907
Salaries as a % of operating expenses Median	39.55 36.68	40.48 36.56	40.64 36.37	34.80 35.93	33.37 35.24
Intern, resident salaries* Median	27,800,873 2,598,592	28,659,042 2,686,824	30,387,390 2,753,773	31,554,691 2,937,156	31,893,064 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	91,280 1,449,244	65,167 1,475,986	963,822 1,563,078	479,081 1,721,954	888,958 2,991,828
Contract hours, direct-care Median	2,040.37 22,725	1,302.03 23,018.5	15,771.00 24,503.48	10,169.50 25,026.5	15,715.00 33,786
Contract wages, direct-care Median	44.74 64.67	50.05 64.53	61.11 65.06	47.11 68.97	56.57 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.