As of the July, 2022, release via CMS

NEWARK BETH ISRAEL MEDICAL CENTER

CMS id: 310002
201 LYONS AVENUE, NEWARK NJ 7112. County: ESSEX
System: RWJBARNABAS HEALTH
CBSA: New York-Newark-Jersey City, NY-NJ-PA

The 470-bed, acute-care hospital had $-83,769,003 in net service to patients*, with a total profit margin of 0.53531% in fiscal year 2021, the latest year available.
It spent 9.12% of its operating expenses on uncompensated care and reported $38,033,339 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	212 118	316 118	303 119.5	303 118	205 119
Total beds Median	480 162	487 162	467 162	467 162	470 163.5
FTEs Median	2,934.98 788.06	3,035.10 793.42	3,036.42 806.03	2,778.52 787.61	2,775.07 804.34

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	545,379,877 150,932,746	600,716,279 158,950,878	620,626,214 168,696,998	522,707,057 163,454,693	605,344,513 186,589,412
Operating expenses Median	583,851,421 149,311,209	623,998,717 156,110,414	653,926,123 164,890,568	632,137,015 166,516,854	689,113,516 180,120,888
Net income from service 2 patients (NS2P) ? Median	-38,471,544 -964,173	-23,282,438 -643,601.5	-33,299,909 -116,254	-109,429,958 -5,025,862	-83,769,003 -1,284,564
NS2P margin ? Median	-7.05% -0.62	-3.88% -0.29	-5.37% 0.18	-20.94% -5.07	-13.84% -0.88

Range* of Net Service to Patient (NS2P) margins

= NS2P margin for NEWARK BETH ISRAEL 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	74,044,427 5,089,215	44,166,177 4,572,541	39,218,487 5,268,134	120,583,962 13,092,619	87,477,728 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	544,901	550,052	499,462	251,098	210,497
⊳ Line 13: Revenue from laundry and linen service	0	0	0	0	0
⊳ Line 14: Revenue from meals sold to emplyees and guests	1,015,069	1,129,196	1,302,847	875,390	1,127,520
⊳ 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	10,595	9,817	11,147	2,256	1,059
⊳ 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	72,473,862	42,477,112	37,405,031	119,455,218	86,138,652
Total income ? Median	35,572,883 6,586,430	20,883,739 6,767,106	5,918,578 8,419,950	11,154,004 8,094,175	3,708,725 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	35,572,883 6,043,842	20,883,739 5,845,112	5,918,578 7,606,259	11,154,004 7,283,041	3,708,725 14,957,241
Net margin Median	5.74289% 4.62%	3.23838% 4.42%	0.89697% 5.16%	1.73390% 5.2%	0.53531% 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 NEWARK BETH ISRAEL 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	100,342,758 23,241,334	105,767,734 23,709,545	94,745,638 24,248,380	75,997,057 22,858,541	79,055,790 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	99,378,630 21,577,146	104,840,475 22,041,594	93,741,899 22,722,063	75,206,997 21,570,441	78,349,388 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	964,128 1,845,420	927,259 1,757,392	1,003,739 1,738,842	790,060 1,510,463	706,402 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	24,638,331 11,160,864	23,370,769 11,987,345	21,521,865 12,926,866	15,229,736 11,884,480	16,248,037 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	24,638,331 10,918,923	23,370,769 11,706,976	21,521,865 12,615,917	15,229,736 11,458,116	16,248,037 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	14,466,984 3,284,314	14,232,094 3,250,551	12,639,147 3,386,837	11,242,293 3,360,806	12,130,524 3,508,953
Disproportionate-share hospital (DSH) Median	5,129,886 594,888	4,920,249 595,761	4,373,900 577,894	3,127,387 542,168	3,171,327 549,667
Outlier Median	3,094,970 582,572	4,174,093 538,116	67,572 212,434	85,180 126,559	289,174 139,139

Uncompensated care

Item	2017	2018	2019	2020	2021
Medicaid shortfall Median	935,849 3,662,910	513,937 3,730,911	9,380,704 4,081,319	38,233,482 4,643,908	38,033,339 4,389,147
Charity care Median	27,768,998 2,654,636	46,577,718 2,940,659	40,115,299 3,380,215	49,863,031 3,488,738	57,752,519 3,233,405
Uncompensated care (UCC) Median	30,960,386 5,147,790	50,285,854 5,337,617	43,887,077 5,711,082	53,086,930 5,923,418	62,826,691 5,508,107
UCC as a % of operating expenses Median	5.30% 3.24	8.06% 3.12	6.71% 3.21	8.40% 3.3	9.12% 2.86
Total shortfall/UCC Median	31,896,235 9,489,989	50,799,791 9,424,297	53,267,781 10,120,158	91,320,412 11,171,337	100,860,030 10,133,851

Labor costs

	2017	2018	2019	2020	2021
Total salaries Median	258,894,515 52,142,039	271,122,397 54,485,252	286,597,713 57,395,589	276,992,781 58,830,919	276,136,827 61,722,907
Salaries as a % of operating expenses Median	44.34 36.68	43.45 36.56	43.83 36.37	43.82 35.93	40.07 35.24
Intern, resident salaries* Median	11,970,948 2,598,592	12,320,548 2,686,824	12,215,006 2,753,773	12,220,881 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	951,545 1,449,244	668,906 1,475,986	1,363,058 1,563,078	4,766,429 1,721,954	14,522,706 2,991,828
Contract hours, direct-care Median	12,313.05 22,725	7,620.00 23,018.5	15,187.98 24,503.48	32,700.26 25,026.5	93,282.00 33,786
Contract wages, direct-care Median	77.28 64.67	87.78 64.53	89.75 65.06	145.76 68.97	155.69 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.