As of the July, 2022, release via CMS

ROBERT WOOD JOHNSON UNIV HOSP @ SOM

CMS id: 310048
110 REHILL AVENUE, SOMERVILLE NJ 8876. County: SOMERSET
System: RWJBARNABAS HEALTH
CBSA: New York-Newark-Jersey City, NY-NJ-PA

The 347-bed, acute-care hospital had $-18,392,316 in net service to patients*, with a total profit margin of -1.91705% in fiscal year 2021, the latest year available.
It spent 8.06% of its operating expenses on uncompensated care and reported $15,437,283 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	254 118	253 118	235 119.5	283 118	319 119
Total beds Median	284 162	297 162	279 162	311 162	347 163.5
FTEs Median	1,496.24 788.06	1,577.37 793.42	1,640.87 806.03	1,648.67 787.61	1,650.06 804.34

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	266,024,369 150,932,746	277,554,355 158,950,878	293,188,317 168,696,998	282,935,365 163,454,693	336,203,935 186,589,412
Operating expenses Median	257,227,896 149,311,209	265,804,929 156,110,414	283,258,530 164,890,568	310,495,679 166,516,854	354,596,251 180,120,888
Net income from service 2 patients (NS2P) ? Median	8,796,473 -964,173	11,749,426 -643,601.5	9,929,787 -116,254	-27,560,314 -5,025,862	-18,392,316 -1,284,564
NS2P margin ? Median	3.31% -0.62	4.23% -0.29	3.39% 0.18	-9.74% -5.07	-5.47% -0.88

Range* of Net Service to Patient (NS2P) margins

= NS2P margin for ROBERT WOOD JOHNSON UNIV HOSP @ SOM 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	4,306,191 5,089,215	3,860,871 4,572,541	4,122,332 5,268,134	43,357,910 13,092,619	11,722,382 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	8,095	8,206	634	485	0
⊳ Line 13: Revenue from laundry and linen service	0	0	0	0	0
⊳ Line 14: Revenue from meals sold to emplyees and guests	1,226,047	1,208,873	1,168,965	887,607	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	42,979	31,237	12,186	25,916	0
⊳ 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	3,029,070	2,612,555	2,940,547	42,443,902	11,722,382
Total income ? Median	13,102,664 6,586,430	15,610,297 6,767,106	14,052,119 8,419,950	15,797,596 8,094,175	-6,669,934 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	13,102,664 6,043,842	15,610,297 5,845,112	14,052,119 7,606,259	15,797,596 7,283,041	-6,669,934 14,957,241
Net margin Median	4.84690% 4.62%	5.54707% 4.42%	4.72641% 5.16%	4.84153% 5.2%	-1.91705% 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 ROBERT WOOD JOHNSON UNIV HOSP @ SOM 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	58,990,512 23,241,334	59,605,898 23,709,545	60,715,618 24,248,380	54,845,209 22,858,541	57,415,878 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	58,287,863 21,577,146	58,909,835 22,041,594	60,130,506 22,722,063	54,845,209 21,570,441	57,415,878 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	702,649 1,845,420	696,063 1,757,392	585,112 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	19,094,608 11,160,864	21,179,823 11,987,345	19,748,208 12,926,866	15,686,313 11,884,480	18,512,585 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	19,094,608 10,918,923	21,179,823 11,706,976	19,748,208 12,615,917	15,686,313 11,458,116	18,512,585 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	3,009,103 3,284,314	2,928,157 3,250,551	2,950,508 3,386,837	2,528,476 3,360,806	2,559,575 3,508,953
Disproportionate-share hospital (DSH) Median	446,239 594,888	493,141 595,761	377,116 577,894	505,538 542,168	693,791 549,667
Outlier Median	963,281 582,572	552,415 538,116	137,210 212,434	93,659 126,559	149,459 139,139

Uncompensated care

Item	2017	2018	2019	2020	2021
Medicaid shortfall Median	18,314,660 3,662,910	15,377,390 3,730,911	9,911,993 4,081,319	17,257,022 4,643,908	15,437,283 4,389,147
Charity care Median	6,375,747 2,654,636	9,763,667 2,940,659	13,378,115 3,380,215	18,380,591 3,488,738	26,509,049 3,233,405
Uncompensated care (UCC) Median	8,195,847 5,147,790	11,399,528 5,337,617	15,259,664 5,711,082	19,568,797 5,923,418	28,594,043 5,508,107
UCC as a % of operating expenses Median	3.19% 3.24	4.29% 3.12	5.39% 3.21	6.30% 3.3	8.06% 2.86
Total shortfall/UCC Median	26,510,507 9,489,989	26,776,918 9,424,297	25,171,657 10,120,158	36,825,819 11,171,337	44,031,326 10,133,851

Labor costs

	2017	2018	2019	2020	2021
Total salaries Median	107,969,229 52,142,039	111,039,094 54,485,252	119,618,731 57,395,589	127,941,696 58,830,919	134,496,711 61,722,907
Salaries as a % of operating expenses Median	41.95 36.68	41.77 36.56	42.23 36.37	41.21 35.93	37.93 35.24
Intern, resident salaries* Median	0 2,598,592	0 2,686,824	2,169,405 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	191,139 1,449,244	860,458 1,475,986	1,537,542 1,563,078	2,226,465 1,721,954	11,557,766 2,991,828
Contract hours, direct-care Median	2,799.25 22,725	10,027.59 23,018.5	19,578.87 24,503.48	15,483.92 25,026.5	72,711.37 33,786
Contract wages, direct-care Median	68.28 64.67	85.81 64.53	78.53 65.06	143.79 68.97	158.95 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.