As of the July, 2022, release via CMS

HOLY NAME HOSPITAL

CMS id: 310008
718 TEANECK ROAD, TEANECK NJ 7666. County: BERGEN
System: --
CBSA: New York-Newark-Jersey City, NY-NJ-PA

The 312-bed, acute-care hospital had $13,191,494 in net service to patients*, with a total profit margin of 7.75008% in fiscal year 2021, the latest year available.
It spent 1.62% of its operating expenses on uncompensated care and reported $16,970,713 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	265 118	265 118	265 119.5	265 118	265 119
Total beds Median	307 162	307 162	307 162	312 162	312 163.5
FTEs Median	2,047.00 788.06	2,090.70 793.42	2,122.00 806.03	2,153.95 787.61	2,074.58 804.34

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	380,308,896 150,932,746	416,048,907 158,950,878	442,777,482 168,696,998	385,345,864 163,454,693	452,930,037 186,589,412
Operating expenses Median	351,068,381 149,311,209	373,746,237 156,110,414	399,391,928 164,890,568	396,224,358 166,516,854	439,738,543 180,120,888
Net income from service 2 patients (NS2P) ? Median	29,240,515 -964,173	42,302,670 -643,601.5	43,385,554 -116,254	-10,878,494 -5,025,862	13,191,494 -1,284,564
NS2P margin ? Median	7.69% -0.62	10.17% -0.29	9.80% 0.18	-2.82% -5.07	2.91% -0.88

Range* of Net Service to Patient (NS2P) margins

= NS2P margin for HOLY NAME 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	13,335,584 5,089,215	11,606,515 4,572,541	14,940,264 5,268,134	96,723,124 13,092,619	23,751,711 12,369,236
⊳ Line 6: Contributions ? ⊳ Median	0 224,999	0 199,009	0 206,870.5	2,951,726 194,343	0 249,496
⊳ Line 7: Investments ? ⊳ Median	364,310 299,524	394,320 188,688.5	412,097 370,813	91,020 309,361.5	0 375,329
⊳ Line 8: Revenue from telephone service	NULL	NULL	NULL	NULL	NULL
⊳ Line 9: Revenue from tv and radio	56,674	--	--	--	--
⊳ Line 10: Purchase discounts	0	0	0	27,905	99,103
⊳ Line 11: Rebates and refunds of expenses	0	42,777	92,810	0	0
⊳ Line 12: Parking lot receipts	330,572	241,224	254,098	51,271	101,785
⊳ Line 13: Revenue from laundry and linen service	0	0	0	0	0
⊳ Line 14: Revenue from meals sold to emplyees and guests	1,566,147	1,649,566	1,713,008	1,076,965	1,329,116
⊳ Line 15: Revenue from rental of living quarters	0	0	0	331,344	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	1,411,584	0
⊳ Line 18: Revenue from sale of medical records and abstracts	178	497	1,764	0	2,425
⊳ Line 19: Tuition (fees, sale of textbooks, uniforms, etc.)	2,698,681	2,511,665	1,868,018	2,285,037	2,416,755
⊳ Line 20: Revenue from gifts, flowers, coffee shops, canteen	583,922	553,296	557,292	0	0
⊳ Line 21: Rental of vending machines	0	0	0	0	0
⊳ Line 22: Rental of hospital space	446,551	586,706	529,201	0	173,185
⊳ 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	7,288,549	5,626,464	9,511,976	88,496,272	19,629,342
Total income ? Median	42,576,099 6,586,430	53,909,185 6,767,106	58,325,818 8,419,950	85,844,630 8,094,175	36,943,205 15,162,888
Non-operating expenses Median	-293,802 146,289.5	-235,019 164,857	0 89,880.5	0 106,761	0 31,473.5
Net income Median	42,869,901 6,043,842	54,144,204 5,845,112	58,325,818 7,606,259	85,844,630 7,283,041	36,943,205 14,957,241
Net margin Median	10.89051% 4.62%	12.66071% 4.42%	12.74275% 5.16%	17.80754% 5.2%	7.75008% 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 HOLY NAME 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	70,606,481 23,241,334	65,315,789 23,709,545	61,396,425 24,248,380	52,194,236 22,858,541	50,355,479 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	67,755,600 21,577,146	62,735,192 22,041,594	59,830,633 22,722,063	51,101,834 21,570,441	48,920,485 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	2,850,881 1,845,420	2,580,597 1,757,392	1,565,792 1,738,842	1,092,402 1,510,463	1,434,994 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	48,307,031 11,160,864	54,276,327 11,987,345	55,292,084 12,926,866	43,952,181 11,884,480	56,698,939 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	41,908,663 10,918,923	47,909,848 11,706,976	49,660,137 12,615,917	38,545,725 11,458,116	51,334,684 12,776,716
⊳ Home Health agencies (HHA) ⊳ Median	6,398,368 1,282,808	6,366,479 1,407,728	5,631,947 1,341,512	5,406,456 1,407,046	5,364,255 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	1,521,741 594,888	1,485,106 595,761	1,281,502 577,894	1,078,025 542,168	1,027,788 549,667
Outlier Median	590,249 582,572	386,766 538,116	300,656 212,434	233,926 126,559	496,675 139,139

Uncompensated care

Item	2017	2018	2019	2020	2021
Medicaid shortfall Median	14,674,509 3,662,910	15,986,641 3,730,911	14,802,916 4,081,319	18,784,030 4,643,908	16,970,713 4,389,147
Charity care Median	4,645,718 2,654,636	2,946,251 2,940,659	3,490,534 3,380,215	4,140,481 3,488,738	3,602,236 3,233,405
Uncompensated care (UCC) Median	7,936,925 5,147,790	3,495,900 5,337,617	6,743,530 5,711,082	7,423,968 5,923,418	7,127,098 5,508,107
UCC as a % of operating expenses Median	2.26% 3.24	0.94% 3.12	1.69% 3.21	1.87% 3.3	1.62% 2.86
Total shortfall/UCC Median	22,611,434 9,489,989	19,482,541 9,424,297	21,546,446 10,120,158	26,207,998 11,171,337	24,097,811 10,133,851

Labor costs

	2017	2018	2019	2020	2021
Total salaries Median	149,429,960 52,142,039	154,232,339 54,485,252	159,689,401 57,395,589	167,465,689 58,830,919	176,781,017 61,722,907
Salaries as a % of operating expenses Median	42.82 36.68	41.51 36.56	40.23 36.37	42.27 35.93	40.20 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	615,388 1,449,244	1,408,748 1,475,986	1,948,696 1,563,078	4,488,167 1,721,954	11,109,621 2,991,828
Contract hours, direct-care Median	8,660.00 22,725	18,892.00 23,018.5	25,467.00 24,503.48	54,402.00 25,026.5	96,605.00 33,786
Contract wages, direct-care Median	71.06 64.67	74.57 64.53	76.52 65.06	82.50 68.97	115.00 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.