As of the July, 2022, release via CMS

MAGNOLIA HOSPITAL

CMS id: 250009
611 ALCORN DRIVE, CORINTH MS 38834. County: ALCORN
System: --
CBSA: Corinth, MS

The 177-bed, acute-care hospital had $68,348 in net service to patients*, with a total profit margin of 5.42079% in fiscal year 2021, the latest year available.
It spent 5.33% of its operating expenses on uncompensated care and reported $7,625 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	139 118	139 118	139 119.5	134 118	134 119
Total beds Median	182 162	182 162	182 162	177 162	177 163.5
FTEs Median	1,063.19 788.06	1,030.41 793.42	1,030.03 806.03	890.38 787.61	614.42 804.34

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	181,920,572 150,932,746	190,419,240 158,950,878	193,687,558 168,696,998	173,271,796 163,454,693	170,980,483 186,589,412
Operating expenses Median	202,808,929 149,311,209	203,690,244 156,110,414	206,590,765 164,890,568	186,618,476 166,516,854	170,912,135 180,120,888
Net income from service 2 patients (NS2P) ? Median	-20,888,357 -964,173	-13,271,004 -643,601.5	-12,903,207 -116,254	-13,346,680 -5,025,862	68,348 -1,284,564
NS2P margin ? Median	-11.48% -0.62	-6.97% -0.29	-6.66% 0.18	-7.70% -5.07	0.04% -0.88

Range* of Net Service to Patient (NS2P) margins

= NS2P margin for MAGNOLIA 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	6,026,795 5,089,215	6,280,877 4,572,541	7,656,290 5,268,134	22,329,101 13,092,619	9,716,851 12,369,236
⊳ Line 6: Contributions ? ⊳ Median	23,134 224,999	22,596 199,009	22,479 206,870.5	39,377 194,343	22,740 249,496
⊳ Line 7: Investments ? ⊳ Median	714,494 299,524	945,529 188,688.5	2,551,755 370,813	1,195,236 309,361.5	142,026 375,329
⊳ 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	426,674	657,035	932,265	1,046,488	1,258,400
⊳ 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	912,859	913,473	902,854	611,568	630,076
⊳ Line 15: Revenue from rental of living quarters	0	0	0	0	0
⊳ Line 16: Revenue from sale of medical and surgical supplies	1,145	1,739	4,078	5,740	4,942
⊳ 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	7,219	16,915	18,041	17,927
⊳ 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	14,747	13,916	12,872	19,162	11,072
⊳ Line 22: Rental of hospital space	156,095	163,822	186,578	169,971	139,482
⊳ 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	3,777,647	3,555,548	3,026,494	19,223,518	7,490,186
Total income ? Median	-14,861,562 6,586,430	-6,990,127 6,767,106	-5,246,917 8,419,950	8,982,421 8,094,175	9,785,199 15,162,888
Non-operating expenses Median	-3,703 146,289.5	-6,099 164,857	-9,890 89,880.5	1,028 106,761	-10,020 31,473.5
Net income Median	-14,857,859 6,043,842	-6,984,028 5,845,112	-5,237,027 7,606,259	8,981,393 7,283,041	9,795,219 14,957,241
Net margin Median	-7.90533% 4.62%	-3.55060% 4.42%	-2.60104% 5.16%	4.59169% 5.2%	5.42079% 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 MAGNOLIA 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	44,953,264 23,241,334	50,019,913 23,709,545	46,606,814 24,248,380	42,992,874 22,858,541	44,511,580 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	43,273,032 21,577,146	47,682,500 22,041,594	44,326,290 22,722,063	41,000,921 21,570,441	42,978,527 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	1,680,232 1,845,420	2,337,413 1,757,392	2,280,524 1,738,842	1,991,953 1,510,463	1,533,053 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	24,902,231 11,160,864	25,694,411 11,987,345	28,816,552 12,926,866	25,959,549 11,884,480	24,083,779 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	23,271,702 10,918,923	24,123,398 11,706,976	27,696,897 12,615,917	24,104,091 11,458,116	22,162,120 12,776,716
⊳ Home Health agencies (HHA) ⊳ Median	1,519,397 1,282,808	1,541,989 1,407,728	1,119,655 1,341,512	1,855,458 1,407,046	1,921,659 1,476,867
⊳ Community mental health clinics (CMHC) ⊳ Median	0 --	0 --	0 --	0 --	0 --
⊳ Rural health clinics ⊳ Median	111,132 618,038	29,024 697,279	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	3,811,845 3,284,314	4,186,912 3,250,551	4,082,901 3,386,837	4,142,558 3,360,806	5,084,421 3,508,953
Disproportionate-share hospital (DSH) Median	915,845 594,888	931,661 595,761	821,634 577,894	682,954 542,168	635,237 549,667
Outlier Median	908,587 582,572	907,054 538,116	146,280 212,434	130,895 126,559	127,807 139,139

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	7,625 4,389,147
Charity care Median	5,017,211 2,654,636	5,142,515 2,940,659	5,166,022 3,380,215	5,788,212 3,488,738	4,457,504 3,233,405
Uncompensated care (UCC) Median	14,748,824 5,147,790	12,400,294 5,337,617	10,226,424 5,711,082	16,020,866 5,923,418	9,106,338 5,508,107
UCC as a % of operating expenses Median	7.27% 3.24	6.09% 3.12	4.95% 3.21	8.58% 3.3	5.33% 2.86
Total shortfall/UCC Median	14,748,824 9,489,989	12,400,294 9,424,297	10,226,424 10,120,158	16,020,866 11,171,337	9,113,963 10,133,851

Labor costs

	2017	2018	2019	2020	2021
Total salaries Median	50,614,862 52,142,039	50,377,422 54,485,252	50,012,397 57,395,589	43,635,414 58,830,919	31,990,625 61,722,907
Salaries as a % of operating expenses Median	24.96 36.68	24.73 36.56	24.21 36.37	23.38 35.93	18.72 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	1,114,801 1,251,927	1,354,898 1,186,494	1,418,590 1,204,885	1,484,094 1,279,653	1,813,647 1,469,317
Contract adjusted salaries, direct-care Median	1,785,667 1,449,244	2,546,145 1,475,986	4,846,861 1,563,078	4,828,191 1,721,954	5,545,745 2,991,828
Contract hours, direct-care Median	62,418.64 22,725	75,563.13 23,018.5	125,302.47 24,503.48	127,566.85 25,026.5	140,819.99 33,786
Contract wages, direct-care Median	28.61 64.67	33.70 64.53	38.68 65.06	37.85 68.97	39.38 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.