As of the July, 2022, release via CMS

PARKLAND MEDICAL CENTER

CMS id: 300017
1 PARKLAND DRIVE, DERBY NH 3038. County: ROCKINGHAM
System: HCA
CBSA: Boston-Cambridge-Newton, MA-NH

The 992-bed, acute-care hospital had $54,040,186 in net service to patients*, with a total profit margin of 26.97494% in fiscal year 2021, the latest year available.
It spent 3.42% of its operating expenses on uncompensated care and reported $3,060,110 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	forprofit	forprofit	forprofit	forprofit	forprofit
Acute beds Median	60 118	60 118	60 119.5	60 118	60 119
Total beds Median	82 162	86 162	86 162	86 162	992 163.5
FTEs Median	416.11 788.06	423.73 793.42	436.13 806.03	412.54 787.61	407.30 804.34

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	132,505,480 150,932,746	143,255,265 158,950,878	144,756,049 168,696,998	138,453,239 163,454,693	153,066,466 186,589,412
Operating expenses Median	90,538,939 149,311,209	98,411,981 156,110,414	96,924,254 164,890,568	92,078,637 166,516,854	99,026,280 180,120,888
Net income from service 2 patients (NS2P) ? Median	41,966,541 -964,173	44,843,284 -643,601.5	47,831,795 -116,254	46,374,602 -5,025,862	54,040,186 -1,284,564
NS2P margin ? Median	31.67% -0.62	31.30% -0.29	33.04% 0.18	33.49% -5.07	35.31% -0.88

Range* of Net Service to Patient (NS2P) margins

= NS2P margin for PARKLAND 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	366,027 5,089,215	359,647 4,572,541	280,431 5,268,134	241,095 13,092,619	215,960 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	163,145	176,474	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	464	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	390	0	0	0	0
⊳ Line 21: Rental of vending machines	7,779	4,484	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	194,249	178,689	280,431	241,095	215,960
Total income ? Median	42,332,568 6,586,430	45,202,931 6,767,106	48,112,226 8,419,950	46,615,697 8,094,175	54,256,146 15,162,888
Non-operating expenses Median	15,503,662 146,289.5	12,811,443 164,857	11,053,864 89,880.5	10,220,757 106,761	12,908,304 31,473.5
Net income Median	26,828,906 6,043,842	32,391,488 5,845,112	37,058,362 7,606,259	36,394,940 7,283,041	41,347,842 14,957,241
Net margin Median	20.19162% 4.62%	22.55440% 4.42%	25.55106% 5.16%	26.24112% 5.2%	26.97494% 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 PARKLAND 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	15,977,036 23,241,334	18,151,826 23,709,545	18,008,517 24,248,380	16,766,785 22,858,541	16,400,719 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	15,028,463 21,577,146	17,236,519 22,041,594	16,997,637 22,722,063	15,747,339 21,570,441	15,510,713 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	948,573 1,845,420	915,307 1,757,392	1,010,880 1,738,842	1,019,446 1,510,463	890,006 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	13,193,988 11,160,864	14,343,933 11,987,345	15,032,886 12,926,866	14,244,403 11,884,480	14,039,932 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	13,193,988 10,918,923	14,343,933 11,706,976	15,032,886 12,615,917	14,244,403 11,458,116	14,039,932 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	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	156,767 594,888	118,074 595,761	102,033 577,894	86,665 542,168	0 549,667
Outlier Median	665,985 582,572	521,092 538,116	531,350 212,434	291,079 126,559	374,269 139,139

Uncompensated care

Item	2017	2018	2019	2020	2021
Medicaid shortfall Median	2,534,581 3,662,910	4,740,446 3,730,911	3,132,111 4,081,319	4,034,864 4,643,908	3,060,110 4,389,147
Charity care Median	1,805,496 2,654,636	2,069,334 2,940,659	2,651,900 3,380,215	2,662,815 3,488,738	2,567,881 3,233,405
Uncompensated care (UCC) Median	2,768,016 5,147,790	2,930,226 5,337,617	3,524,961 5,711,082	3,696,281 5,923,418	3,389,011 5,508,107
UCC as a % of operating expenses Median	3.06% 3.24	2.98% 3.12	3.64% 3.21	4.01% 3.3	3.42% 2.86
Total shortfall/UCC Median	5,302,597 9,489,989	7,670,672 9,424,297	6,657,072 10,120,158	7,731,145 11,171,337	6,449,121 10,133,851

Labor costs

	2017	2018	2019	2020	2021
Total salaries Median	30,551,957 52,142,039	32,528,760 54,485,252	34,295,888 57,395,589	32,701,111 58,830,919	33,656,352 61,722,907
Salaries as a % of operating expenses Median	27.90 36.68	28.22 36.56	30.49 36.37	29.94 35.93	29.88 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	2,081,062 1,449,244	2,918,223 1,475,986	2,801,868 1,563,078	1,888,640 1,721,954	1,165,355 2,991,828
Contract hours, direct-care Median	34,608.00 22,725	59,990.00 23,018.5	42,174.00 24,503.48	28,926.00 25,026.5	16,219.00 33,786
Contract wages, direct-care Median	60.13 64.67	48.65 64.53	66.44 65.06	65.29 68.97	71.85 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.