As of the July, 2022, release via CMS

SOUTH CENTRAL REGIONAL MEDICAL CENTR

CMS id: 250058
1220 JEFFERSON STREET, LAUREL MS 39441. County: JONES
System: --
CBSA: Laurel, MS

The 268-bed, acute-care hospital had $1,067,984 in net service to patients*, with a total profit margin of 6.95030% in fiscal year 2021, the latest year available.
It spent 5.45% of its operating expenses on uncompensated care and reported $22,819 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	254 118	254 118	254 119.5	254 118	254 119
Total beds Median	268 162	268 162	268 162	268 162	268 163.5
FTEs Median	1,285.54 788.06	1,211.81 793.42	1,220.31 806.03	1,325.54 787.61	1,402.48 804.34

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	128,464,228 150,932,746	134,479,261 158,950,878	143,763,650 168,696,998	138,455,037 163,454,693	151,049,020 186,589,412
Operating expenses Median	124,859,745 149,311,209	129,687,032 156,110,414	142,549,763 164,890,568	138,020,609 166,516,854	149,981,036 180,120,888
Net income from service 2 patients (NS2P) ? Median	3,604,483 -964,173	4,792,229 -643,601.5	1,213,887 -116,254	434,428 -5,025,862	1,067,984 -1,284,564
NS2P margin ? Median	2.81% -0.62	3.56% -0.29	0.84% 0.18	0.31% -5.07	0.71% -0.88

Range* of Net Service to Patient (NS2P) margins

= NS2P margin for SOUTH CENTRAL REGIONAL MEDICAL CENTR 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	3,830,410 5,089,215	4,431,399 4,572,541	5,350,189 5,268,134	11,732,198 13,092,619	10,134,775 12,369,236
⊳ Line 6: Contributions ? ⊳ Median	-500 224,999	-500 199,009	0 206,870.5	0 194,343	0 249,496
⊳ Line 7: Investments ? ⊳ Median	571,295 299,524	846,652 188,688.5	1,838,874 370,813	2,712,919 309,361.5	1,187,705 375,329
⊳ Line 8: Revenue from telephone service	NULL	NULL	NULL	NULL	NULL
⊳ Line 9: Revenue from tv and radio	--	--	--	--	--
⊳ Line 10: Purchase discounts	33,132	19,979	30,724	24,875	16,092
⊳ Line 11: Rebates and refunds of expenses	-14,038	0	1,370	1,380	28,639
⊳ Line 12: Parking lot receipts	0	0	0	0	0
⊳ Line 13: Revenue from laundry and linen service	2,609	1,316	714	851	659
⊳ Line 14: Revenue from meals sold to emplyees and guests	1,447,873	1,520,608	1,526,105	1,140,093	869,333
⊳ 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	162,142	186,846	199,982	159,629	183,748
⊳ Line 21: Rental of vending machines	21,308	20,626	10,423	5,035	807
⊳ Line 22: Rental of hospital space	179,149	170,249	176,424	161,486	76,890
⊳ 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	1,427,440	1,665,623	1,565,573	7,525,930	7,770,902
Total income ? Median	7,434,893 6,586,430	9,223,628 6,767,106	6,564,076 8,419,950	12,166,626 8,094,175	11,202,759 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	7,434,893 6,043,842	9,223,628 5,845,112	6,564,076 7,606,259	12,166,626 7,283,041	11,202,759 14,957,241
Net margin Median	5.61995% 4.62%	6.63997% 4.42%	4.40206% 5.16%	8.10097% 5.2%	6.95030% 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 CENTRAL REGIONAL MEDICAL CENTR 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	24,045,943 23,241,334	26,029,505 23,709,545	23,518,452 24,248,380	21,588,635 22,858,541	21,848,578 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	24,045,943 21,577,146	26,029,505 22,041,594	23,518,452 22,722,063	21,588,635 21,570,441	21,848,578 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	18,936,992 11,160,864	20,303,589 11,987,345	24,377,648 12,926,866	21,436,452 11,884,480	18,547,511 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	16,906,528 10,918,923	18,433,059 11,706,976	22,680,817 12,615,917	19,809,433 11,458,116	17,001,620 12,776,716
⊳ Home Health agencies (HHA) ⊳ Median	1,893,639 1,282,808	1,741,820 1,407,728	1,567,566 1,341,512	1,521,998 1,407,046	1,449,011 1,476,867
⊳ Community mental health clinics (CMHC) ⊳ Median	0 --	0 --	0 --	0 --	0 --
⊳ Rural health clinics ⊳ Median	136,825 618,038	128,710 697,279	129,265 690,232	105,021 684,010	96,880 670,558
⊳ 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	639,226 594,888	705,923 595,761	587,570 577,894	582,398 542,168	540,487 549,667
Outlier Median	214,487 582,572	389,640 538,116	67,947 212,434	48,298 126,559	71,459 139,139

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	22,819 4,389,147
Charity care Median	4,814,392 2,654,636	4,014,353 2,940,659	3,684,963 3,380,215	4,618,734 3,488,738	3,600,118 3,233,405
Uncompensated care (UCC) Median	9,741,204 5,147,790	8,364,001 5,337,617	7,404,731 5,711,082	8,038,253 5,923,418	8,174,975 5,508,107
UCC as a % of operating expenses Median	7.80% 3.24	6.45% 3.12	5.19% 3.21	5.82% 3.3	5.45% 2.86
Total shortfall/UCC Median	9,741,204 9,489,989	8,364,001 9,424,297	7,404,731 10,120,158	8,038,253 11,171,337	8,197,794 10,133,851

Labor costs

	2017	2018	2019	2020	2021
Total salaries Median	52,479,259 52,142,039	56,486,568 54,485,252	63,796,344 57,395,589	60,742,666 58,830,919	62,833,775 61,722,907
Salaries as a % of operating expenses Median	42.03 36.68	43.56 36.56	44.75 36.37	44.01 35.93	41.89 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	24,001 1,449,244	0 1,475,986	217,039 1,563,078	0 1,721,954	0 2,991,828
Contract hours, direct-care Median	240.00 22,725	0.00 23,018.5	6,100.00 24,503.48	0.00 25,026.5	0.00 33,786
Contract wages, direct-care Median	100.00 64.67	0.00 64.53	35.58 65.06	0.00 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.