As of the July, 2022, release via CMS

COOPERMAN BARNABAS MEDICAL CENTER

CMS id: 310076
94 OLD SHORT HILLS ROAD, LIVINGSTON NJ 7039. County: ESSEX
System: RWJBARNABAS HEALTH
CBSA: New York-Newark-Jersey City, NY-NJ-PA

The 544-bed, acute-care hospital had $-14,227,302 in net service to patients*, with a total profit margin of 2.70547% in fiscal year 2021, the latest year available.
It spent 4.92% of its operating expenses on uncompensated care and reported $31,226,605 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	375 118	440 118	445 119.5	445 118	348 119
Total beds Median	583 162	552 162	557 162	557 162	544 163.5
FTEs Median	3,176.37 788.06	3,065.00 793.42	3,389.94 806.03	3,160.97 787.61	3,356.48 804.34

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	775,198,682 150,932,746	852,122,115 158,950,878	895,335,577 168,696,998	858,955,440 163,454,693	1,002,601,511 186,589,412
Operating expenses Median	723,763,164 149,311,209	808,314,003 156,110,414	865,196,819 164,890,568	898,110,317 166,516,854	1,016,828,813 180,120,888
Net income from service 2 patients (NS2P) ? Median	51,435,518 -964,173	43,808,112 -643,601.5	30,138,758 -116,254	-39,154,877 -5,025,862	-14,227,302 -1,284,564
NS2P margin ? Median	6.64% -0.62	5.14% -0.29	3.37% 0.18	-4.56% -5.07	-1.42% -0.88

Range* of Net Service to Patient (NS2P) margins

= NS2P margin for COOPERMAN BARNABAS 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	39,106,003 5,089,215	18,134,162 4,572,541	15,230,176 5,268,134	95,060,219 13,092,619	42,502,221 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	1,094,192	1,104,026	1,152,893	264,503	497,447
⊳ Line 13: Revenue from laundry and linen service	0	0	0	0	0
⊳ Line 14: Revenue from meals sold to emplyees and guests	0	0	0	0	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	3,677	2,977	1,130	1,101	1,756
⊳ 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	38,008,134	17,027,159	14,076,153	94,794,615	42,003,477
Total income ? Median	90,541,521 6,586,430	61,942,274 6,767,106	45,368,934 8,419,950	55,905,342 8,094,175	28,274,919 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	90,541,521 6,043,842	61,942,274 5,845,112	45,368,934 7,606,259	55,905,342 7,283,041	28,274,919 14,957,241
Net margin Median	11.11888% 4.62%	7.11770% 4.42%	4.98250% 5.16%	5.86000% 5.2%	2.70547% 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 COOPERMAN BARNABAS 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	147,949,537 23,241,334	147,432,393 23,709,545	152,054,545 24,248,380	146,220,899 22,858,541	163,525,100 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	147,949,537 21,577,146	147,432,393 22,041,594	152,054,545 22,722,063	146,220,899 21,570,441	163,525,100 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	57,868,576 11,160,864	67,143,803 11,987,345	64,720,817 12,926,866	56,212,033 11,884,480	60,214,918 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	57,868,576 10,918,923	67,143,803 11,706,976	64,720,817 12,615,917	56,212,033 11,458,116	60,214,918 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	19,152,683 3,284,314	18,693,987 3,250,551	19,833,747 3,386,837	18,992,238 3,360,806	20,840,686 3,508,953
Disproportionate-share hospital (DSH) Median	1,992,779 594,888	2,183,214 595,761	1,902,556 577,894	1,817,933 542,168	1,921,387 549,667
Outlier Median	4,361,490 582,572	4,646,509 538,116	200,861 212,434	214,826 126,559	530,706 139,139

Uncompensated care

Item	2017	2018	2019	2020	2021
Medicaid shortfall Median	14,484,518 3,662,910	18,252,167 3,730,911	29,736,443 4,081,319	41,125,869 4,643,908	31,226,605 4,389,147
Charity care Median	20,177,246 2,654,636	25,398,542 2,940,659	28,860,186 3,380,215	40,086,267 3,488,738	43,063,090 3,233,405
Uncompensated care (UCC) Median	24,628,237 5,147,790	30,722,402 5,337,617	33,904,485 5,711,082	44,984,387 5,923,418	49,996,245 5,508,107
UCC as a % of operating expenses Median	3.40% 3.24	3.80% 3.12	3.92% 3.21	5.01% 3.3	4.92% 2.86
Total shortfall/UCC Median	39,112,755 9,489,989	48,974,569 9,424,297	63,640,928 10,120,158	86,110,256 11,171,337	81,222,850 10,133,851

Labor costs

	2017	2018	2019	2020	2021
Total salaries Median	260,801,583 52,142,039	277,737,231 54,485,252	289,454,417 57,395,589	290,895,325 58,830,919	302,452,295 61,722,907
Salaries as a % of operating expenses Median	36.03 36.68	34.36 36.56	33.46 36.37	32.39 35.93	29.74 35.24
Intern, resident salaries* Median	10,768,341 2,598,592	10,470,396 2,686,824	10,957,503 2,753,773	11,024,873 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	755,479 1,449,244	1,971,593 1,475,986	2,709,736 1,563,078	11,918,210 1,721,954	24,217,339 2,991,828
Contract hours, direct-care Median	11,799.49 22,725	27,549.80 23,018.5	43,873.63 24,503.48	100,894.97 25,026.5	172,268.00 33,786
Contract wages, direct-care Median	64.03 64.67	71.56 64.53	61.76 65.06	118.12 68.97	140.58 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.