As of the July, 2022, release via CMS

KENNEDY UNIVERSITY HOSPITAL

CMS id: 310086
500 MARLBORO AVENUE, CHERRY HILL NJ 8034. County: CAMDEN
System: --
CBSA: Philadelphia-Camden-Wilmington, PA-NJ-DE-MD

The 506-bed, acute-care hospital had $-44,525,106 in net service to patients*, with a total profit margin of -0.97692% in fiscal year 2021, the latest year available.
It spent 0.71% of its operating expenses on uncompensated care and reported $30,193,714 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	181	366	365
Ownership	nfp	nfp	nfp	nfp	nfp
Acute beds Median	464 118	455 118	455 119.5	455 118	434 119
Total beds Median	526 162	522 162	522 162	522 162	506 163.5
FTEs Median	3,113.87 788.06	3,120.85 793.42	3,169.84 806.03	3,188.00 787.61	3,106.29 804.34

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	558,217,097 150,932,746	571,126,275 158,950,878	293,356,093 168,696,998	527,613,741 163,454,693	643,863,616 186,589,412
Operating expenses Median	528,912,412 149,311,209	538,999,061 156,110,414	289,707,117 164,890,568	675,513,352 166,516,854	688,388,722 180,120,888
Net income from service 2 patients (NS2P) ? Median	29,304,685 -964,173	32,127,214 -643,601.5	3,648,976 -116,254	-147,899,611 -5,025,862	-44,525,106 -1,284,564
NS2P margin ? Median	5.25% -0.62	5.63% -0.29	1.24% 0.18	-28.03% -5.07	-6.92% -0.88

Range* of Net Service to Patient (NS2P) margins

= NS2P margin for KENNEDY 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	3,690,016 5,089,215	5,240,000 4,572,541	50,176,099 5,268,134	66,316,509 13,092,619	37,865,165 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	-156,967 299,524	934,000 188,688.5	1,633,060 370,813	4,879,867 309,361.5	-149,458 375,329
⊳ 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	-2,019
⊳ Line 11: Rebates and refunds of expenses	0	0	0	0	0
⊳ 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	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	0	0	0	0	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	18,844	0	13,003	0	28,612
⊳ Line 22: Rental of hospital space	687,056	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	3,141,083	4,306,000	48,530,036	61,436,642	37,988,030
Total income ? Median	32,994,701 6,586,430	37,367,214 6,767,106	53,825,075 8,419,950	-81,583,102 8,094,175	-6,659,941 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	32,994,701 6,043,842	37,367,214 5,845,112	53,825,075 7,606,259	-81,583,102 7,283,041	-6,659,941 14,957,241
Net margin Median	5.87191% 4.62%	6.48324% 4.42%	15.66813% 5.16%	-13.73614% 5.2%	-0.97692% 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 KENNEDY 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	135,625,506 23,241,334	137,068,579 23,709,545	65,062,473 24,248,380	128,880,512 22,858,541	135,033,198 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	135,625,506 21,577,146	137,068,579 22,041,594	65,062,473 22,722,063	128,880,512 21,570,441	135,033,198 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	45,825,557 11,160,864	48,459,140 11,987,345	21,775,039 12,926,866	40,784,442 11,884,480	42,969,986 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	39,761,084 10,918,923	42,709,461 11,706,976	19,807,298 12,615,917	37,056,116 11,458,116	39,088,569 12,776,716
⊳ Home Health agencies (HHA) ⊳ Median	6,064,473 1,282,808	5,749,679 1,407,728	1,967,741 1,341,512	3,728,326 1,407,046	3,881,417 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	23,122,069 3,284,314	23,540,030 3,250,551	11,193,412 3,386,837	23,129,734 3,360,806	23,400,470 3,508,953
Disproportionate-share hospital (DSH) Median	3,297,135 594,888	3,212,586 595,761	1,488,811 577,894	2,637,698 542,168	2,656,836 549,667
Outlier Median	2,330,378 582,572	2,611,302 538,116	248,720 212,434	799,061 126,559	730,778 139,139

Uncompensated care

Item	2017	2018	2019	2020	2021
Medicaid shortfall Median	15,227,430 3,662,910	14,650,126 3,730,911	7,571,536 4,081,319	33,254,666 4,643,908	30,193,714 4,389,147
Charity care Median	6,395,323 2,654,636	7,695,930 2,940,659	4,286,730 3,380,215	4,637,158 3,488,738	4,416,814 3,233,405
Uncompensated care (UCC) Median	11,550,431 5,147,790	13,173,413 5,337,617	6,927,232 5,711,082	9,901,415 5,923,418	4,902,499 5,508,107
UCC as a % of operating expenses Median	2.18% 3.24	2.44% 3.12	2.39% 3.21	1.47% 3.3	0.71% 2.86
Total shortfall/UCC Median	26,777,861 9,489,989	27,823,539 9,424,297	14,498,768 10,120,158	43,156,081 11,171,337	35,096,213 10,133,851

Labor costs

	2017	2018	2019	2020	2021
Total salaries Median	224,161,851 52,142,039	226,051,616 54,485,252	118,201,649 57,395,589	240,379,387 58,830,919	232,448,829 61,722,907
Salaries as a % of operating expenses Median	42.38 36.68	41.94 36.56	40.80 36.37	36.71 35.93	35.06 35.24
Intern, resident salaries* Median	451,730 2,598,592	533,682 2,686,824	241,560 2,753,773	576,740 2,937,156	1,075,698 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	2,838,878 1,449,244	4,365,282 1,475,986	2,054,948 1,563,078	4,427,938 1,721,954	2,446,381 2,991,828
Contract hours, direct-care Median	37,753.00 22,725	79,551.86 23,018.5	27,586.00 24,503.48	60,649.00 25,026.5	16,560.00 33,786
Contract wages, direct-care Median	75.20 64.67	54.87 64.53	74.49 65.06	73.01 68.97	147.73 88.94

* in an approved program

Return to top

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.