As of the July, 2022, release via CMS

CAPE REGIONAL MEDICAL CENTER

CMS id: 310011
TWO STONE HARBOR BOULEVARD, CAPE MAY COURT HOUSE NJ 8210. County: CAPE MAY
System: --
CBSA: Ocean City, NJ

The 149-bed, acute-care hospital had $-5,677,993 in net service to patients*, with a total profit margin of 8.19976% in fiscal year 2021, the latest year available.
It spent 2.36% of its operating expenses on uncompensated care and reported $6,065,313 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	133 118	133 118	133 119.5	133 118	133 119
Total beds Median	149 162	149 162	149 162	149 162	149 163.5
FTEs Median	778.97 788.06	773.36 793.42	748.39 806.03	686.70 787.61	697.03 804.34

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	124,352,245 150,932,746	121,293,931 158,950,878	121,772,665 168,696,998	108,299,288 163,454,693	132,840,378 186,589,412
Operating expenses Median	126,166,402 149,311,209	125,991,724 156,110,414	123,565,978 164,890,568	123,219,044 166,516,854	138,518,371 180,120,888
Net income from service 2 patients (NS2P) ? Median	-1,814,157 -964,173	-4,697,793 -643,601.5	-1,793,313 -116,254	-14,919,756 -5,025,862	-5,677,993 -1,284,564
NS2P margin ? Median	-1.46% -0.62	-3.87% -0.29	-1.47% 0.18	-13.78% -5.07	-4.27% -0.88

Range* of Net Service to Patient (NS2P) margins

= NS2P margin for CAPE REGIONAL 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	14,007,751 5,089,215	-236,829 4,572,541	16,237,149 5,268,134	26,777,998 13,092,619	18,050,698 12,369,236
⊳ Line 6: Contributions ? ⊳ Median	168,676 224,999	443,878 199,009	480,512 206,870.5	408,593 194,343	888,198 249,496
⊳ Line 7: Investments ? ⊳ Median	12,394,991 299,524	-2,534,930 188,688.5	14,185,637 370,813	11,161,490 309,361.5	10,933,876 375,329
⊳ Line 8: Revenue from telephone service	NULL	NULL	NULL	NULL	NULL
⊳ Line 9: Revenue from tv and radio	--	--	--	--	--
⊳ Line 10: Purchase discounts	261,954	264,295	164,193	227,245	138,625
⊳ Line 11: Rebates and refunds of expenses	0	0	0	0	834,193
⊳ 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	48,905	491,594	511,270	362,416	351,833
⊳ Line 15: Revenue from rental of living quarters	30,107	-9,876	-27,788	14,915	-5,501
⊳ 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	40,668	28,289	38,286	45,718	65,948
⊳ Line 19: Tuition (fees, sale of textbooks, uniforms, etc.)	734,399	731,324	781,741	407,866	523,738
⊳ Line 20: Revenue from gifts, flowers, coffee shops, canteen	53,381	54,381	81,188	27,016	76,630
⊳ Line 21: Rental of vending machines	0	754	0	542	583
⊳ 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	253,366	272,915	2,592	14,102,710	4,220,337
Total income ? Median	12,193,594 6,586,430	-4,934,622 6,767,106	14,443,836 8,419,950	11,858,242 8,094,175	12,372,705 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	12,193,594 6,043,842	-4,934,622 5,845,112	14,443,836 7,606,259	11,858,242 7,283,041	12,372,705 14,957,241
Net margin Median	8.81295% 4.62%	-4.07628% 4.42%	10.46580% 5.16%	8.77886% 5.2%	8.19976% 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 CAPE REGIONAL 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	30,042,044 23,241,334	30,789,591 23,709,545	28,427,457 24,248,380	26,016,095 22,858,541	27,819,133 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	30,042,044 21,577,146	30,789,591 22,041,594	28,427,457 22,722,063	26,016,095 21,570,441	27,819,133 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	18,019,048 11,160,864	19,386,567 11,987,345	19,330,389 12,926,866	15,147,151 11,884,480	18,161,074 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	18,019,048 10,918,923	19,386,567 11,706,976	19,330,389 12,615,917	15,147,151 11,458,116	18,161,074 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	629,275 594,888	533,746 595,761	452,707 577,894	373,771 542,168	277,629 549,667
Outlier Median	403,704 582,572	258,584 538,116	65,643 212,434	53,684 126,559	41,921 139,139

Uncompensated care

Item	2017	2018	2019	2020	2021
Medicaid shortfall Median	6,211,692 3,662,910	5,166,208 3,730,911	4,570,335 4,081,319	5,857,153 4,643,908	6,065,313 4,389,147
Charity care Median	1,557,565 2,654,636	87,619 2,940,659	7,642,424 3,380,215	3,357,149 3,488,738	2,875,794 3,233,405
Uncompensated care (UCC) Median	2,476,931 5,147,790	378,926 5,337,617	8,071,928 5,711,082	3,846,178 5,923,418	3,274,237 5,508,107
UCC as a % of operating expenses Median	1.96% 3.24	0.30% 3.12	6.53% 3.21	3.12% 3.3	2.36% 2.86
Total shortfall/UCC Median	8,688,623 9,489,989	5,545,134 9,424,297	12,642,263 10,120,158	9,703,331 11,171,337	9,339,550 10,133,851

Labor costs

	2017	2018	2019	2020	2021
Total salaries Median	53,302,568 52,142,039	53,799,141 54,485,252	52,877,233 57,395,589	50,832,002 58,830,919	53,409,510 61,722,907
Salaries as a % of operating expenses Median	42.25 36.68	42.70 36.56	42.79 36.37	41.25 35.93	38.56 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	1,445,355 1,449,244	873,062 1,475,986	736,406 1,563,078	624,107 1,721,954	1,037,467 2,991,828
Contract hours, direct-care Median	19,528.00 22,725	11,779.00 23,018.5	9,977.00 24,503.48	8,371.00 25,026.5	13,564.00 33,786
Contract wages, direct-care Median	74.01 64.67	74.12 64.53	73.81 65.06	74.56 68.97	76.49 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.