As of the July, 2022, release via CMS

ST. PETERS UNIVERSITY HOSPITAL

CMS id: 310070
254 EASTON AVENUE, NEW BRUNSWICK NJ 8903. County: MIDDLESEX
System: ST PETERS HEALTHCARE SYSTEM
CBSA: New York-Newark-Jersey City, NY-NJ-PA

The 358-bed, acute-care hospital had $-44,226,414 in net service to patients*, with a total profit margin of 0.12046% in fiscal year 2020, the latest year available.
It spent 5.63% of its operating expenses on uncompensated care and reported $0 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	--
Ownership	nfp	nfp	nfp	nfp	--
Acute beds Median	269 118	263 118	263 119.5	268 118	-- 119
Total beds Median	359 162	353 162	353 162	358 162	-- 163.5
FTEs Median	2,861.00 788.06	2,708.00 793.42	2,720.00 806.03	2,506.00 787.61	-- 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	440,795,075 150,932,746	446,763,632 158,950,878	457,097,596 168,696,998	430,515,802 163,454,693	-- 186,589,412
Operating expenses Median	464,642,579 149,311,209	460,938,912 156,110,414	467,013,133 164,890,568	474,742,216 166,516,854	-- 180,120,888
Net income from service 2 patients (NS2P) ? Median	-23,847,504 -964,173	-14,175,280 -643,601.5	-9,915,537 -116,254	-44,226,414 -5,025,862	-- -1,284,564
NS2P margin ? Median	-5.41% -0.62	-3.17% -0.29	-2.17% 0.18	-10.27% -5.07	--% -0.88

Range* of Net Service to Patient (NS2P) margins

= NS2P margin for ST. PETERS UNIVERSITY 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	39,512,672 5,089,215	30,709,086 4,572,541	31,532,309 5,268,134	63,838,071 13,092,619	-- 12,369,236
⊳ Line 6: Contributions ? ⊳ Median	2,523,993 224,999	2,523,993 199,009	2,473,086 206,870.5	2,559,650 194,343	-- 249,496
⊳ Line 7: Investments ? ⊳ Median	2,455,993 299,524	2,052,866 188,688.5	3,948,877 370,813	2,947,668 309,361.5	-- 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	--
⊳ Line 11: Rebates and refunds of expenses	459,070	436,562	543,613	450,758	--
⊳ Line 12: Parking lot receipts	561,922	438,019	434,067	158,065	--
⊳ Line 13: Revenue from laundry and linen service	0	0	0	0	--
⊳ Line 14: Revenue from meals sold to emplyees and guests	1,575,198	415,845	1,071,875	358,588	--
⊳ Line 15: Revenue from rental of living quarters	73,800	75,144	70,076	74,454	--
⊳ Line 16: Revenue from sale of medical and surgical supplies	0	0	0	0	--
⊳ Line 17: Revenue from sale of drugs to other than patients	382,521	62,940	-1,400	0	--
⊳ Line 18: Revenue from sale of medical records and abstracts	5,560	5,270	4,814	1,035	--
⊳ Line 19: Tuition (fees, sale of textbooks, uniforms, etc.)	99,925	99,649	77,352	58,214	--
⊳ Line 20: Revenue from gifts, flowers, coffee shops, canteen	720,104	671,573	656,977	640,791	--
⊳ Line 21: Rental of vending machines	52,916	54,373	62,643	55,068	--
⊳ Line 22: Rental of hospital space	1,558,337	1,519,376	1,986,944	1,775,881	--
⊳ Line 23: Gov appropriations ? ⊳ Median	0 1,017,693	0 983,261.5	0 1,173,286	0 1,987,202	-- 1,597,664
⊳ Sum Line 24	29,043,333	22,353,476	20,203,385	54,757,899	--
Total income ? Median	15,665,168 6,586,430	16,533,806 6,767,106	21,616,772 8,419,950	19,611,657 8,094,175	-- 15,162,888
Non-operating expenses Median	22,815,297 146,289.5	-3,785,397 164,857	11,988,127 89,880.5	19,016,134 106,761	-- 31,473.5
Net income Median	-7,150,129 6,043,842	20,319,203 5,845,112	9,628,645 7,606,259	595,523 7,283,041	-- 14,957,241
Net margin Median	-1.48866% 4.62%	4.25557% 4.42%	1.97054% 5.16%	0.12046% 5.2%	--% 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 ST. PETERS UNIVERSITY 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	60,406,594 23,241,334	60,287,421 23,709,545	59,246,618 24,248,380	55,115,879 22,858,541	-- 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	60,406,594 21,577,146	60,287,421 22,041,594	59,246,618 22,722,063	55,115,879 21,570,441	-- 22,140,684
⊳ Swingbeds ⊳ Median	0 --	0 --	0 --	0 --	-- --
⊳ Tax Equity and Fiscal Responsibility Act payments (TEFRA) ⊳ Median	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	-- 1,393,140
⊳ Inpatient rehabilitation facility (IRF) ⊳ Median	0 3,535,627	0 3,746,588	0 3,782,288	0 3,865,578	-- 3,983,889
⊳ Long-term care hospital (LTCH) ⊳ Median	0 --	0 --	0 --	0 --	-- --
⊳ Critical-access hospitals ⊳ Median	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	-- 1,179,746
All outpatient revenue Median Click here to show/hide details	22,223,617 11,160,864	21,886,666 11,987,345	19,734,475 12,926,866	15,521,684 11,884,480	-- 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	22,223,617 10,918,923	21,886,666 11,706,976	19,734,475 12,615,917	15,521,684 11,458,116	-- 12,776,716
⊳ Home Health agencies (HHA) ⊳ Median	0 1,282,808	0 1,407,728	0 1,341,512	0 1,407,046	-- 1,476,867
⊳ Community mental health clinics (CMHC) ⊳ Median	0 --	0 --	0 --	0 --	-- --
⊳ Rural health clinics ⊳ Median	0 618,038	0 697,279	0 690,232	0 684,010	-- 670,558
⊳ Other federally qualified health clinics ⊳ Median	0 --	0 --	0 --	0 --	-- --

Other payments

Item	2017	2018	2019	2020	2021
Graduate Medical Education (GME) Median	9,872,041 3,284,314	9,829,743 3,250,551	10,337,062 3,386,837	9,537,410 3,360,806	-- 3,508,953
Disproportionate-share hospital (DSH) Median	1,391,418 594,888	1,519,043 595,761	1,443,850 577,894	1,191,364 542,168	-- 549,667
Outlier Median	2,622,261 582,572	1,328,331 538,116	347,470 212,434	307,956 126,559	-- 139,139

Uncompensated care

Item	2017	2018	2019	2020	2021
Medicaid shortfall Median	10,269,515 3,662,910	10,816,526 3,730,911	5,861,086 4,081,319	0 4,643,908	-- 4,389,147
Charity care Median	18,992,078 2,654,636	17,913,412 2,940,659	19,514,198 3,380,215	24,765,645 3,488,738	-- 3,233,405
Uncompensated care (UCC) Median	21,201,763 5,147,790	19,642,156 5,337,617	21,392,563 5,711,082	26,711,668 5,923,418	-- 5,508,107
UCC as a % of operating expenses Median	4.56% 3.24	4.26% 3.12	4.58% 3.21	5.63% 3.3	--% 2.86
Total shortfall/UCC Median	31,471,278 9,489,989	30,458,682 9,424,297	27,253,649 10,120,158	26,711,668 11,171,337	-- 10,133,851

Labor costs

	2017	2018	2019	2020	2021
Total salaries Median	225,070,302 52,142,039	216,650,231 54,485,252	223,099,703 57,395,589	228,323,293 58,830,919	-- 61,722,907
Salaries as a % of operating expenses Median	48.44 36.68	47.00 36.56	47.77 36.37	48.09 35.93	-- 35.24
Intern, resident salaries* Median	5,634,798 2,598,592	6,160,759 2,686,824	6,489,043 2,753,773	6,940,610 2,937,156	-- 2,909,848
Contract intern, resident salaries* Median	437,226 1,251,927	2,544,857 1,186,494	527,329 1,204,885	546,746 1,279,653	-- 1,469,317
Contract adjusted salaries, direct-care Median	1,182,541 1,449,244	2,940,642 1,475,986	1,624,408 1,563,078	2,726,546 1,721,954	-- 2,991,828
Contract hours, direct-care Median	16,420.00 22,725	54,472.00 23,018.5	23,266.00 24,503.48	26,046.00 25,026.5	-- 33,786
Contract wages, direct-care Median	72.02 64.67	53.98 64.53	69.82 65.06	104.68 68.97	-- 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.