As of the July, 2022, release via CMS

NEWYORK-PRESBYTERIAN/QUEENS

CMS id: 330055
56-45 MAIN STREET, FLUSHING NY 11355. County: QUEENS
System: --
CBSA: New York-Newark-Jersey City, NY-NJ-PA

The 476-bed, acute-care hospital had $-357,323,108 in net service to patients*, with a total profit margin of 5.71415% in fiscal year 2021, the latest year available.
It spent 0.79% of its operating expenses on uncompensated care and reported $33,865,386 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	407 118	420 118	420 119.5	420 118	420 119
Total beds Median	479 162	492 162	492 162	492 162	476 163.5
FTEs Median	3,769.00 788.06	3,794.90 793.42	3,809.90 806.03	3,635.60 787.61	3,430.50 804.34

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	815,386,486 150,932,746	834,076,247 158,950,878	867,088,534 168,696,998	798,583,565 163,454,693	879,302,014 186,589,412
Operating expenses Median	833,733,885 149,311,209	866,006,363 156,110,414	975,621,768 164,890,568	1,123,004,880 166,516,854	1,236,625,122 180,120,888
Net income from service 2 patients (NS2P) ? Median	-18,347,399 -964,173	-31,930,116 -643,601.5	-108,533,234 -116,254	-324,421,315 -5,025,862	-357,323,108 -1,284,564
NS2P margin ? Median	-2.25% -0.62	-3.83% -0.29	-12.52% 0.18	-40.62% -5.07	-40.64% -0.88

Range* of Net Service to Patient (NS2P) margins

= NS2P margin for NEWYORK-PRESBYTERIAN/QUEENS 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	39,001,704 5,089,215	24,941,018 4,572,541	91,837,553 5,268,134	314,216,444 13,092,619	333,765,577 12,369,236
⊳ Line 6: Contributions ? ⊳ Median	3,729,968 224,999	4,498,890 199,009	5,888,139 206,870.5	2,458,286 194,343	2,683,425 249,496
⊳ Line 7: Investments ? ⊳ Median	3,841,718 299,524	1,029,252 188,688.5	5,544,735 370,813	6,537,048 309,361.5	14,120,930 375,329
⊳ Line 8: Revenue from telephone service	NULL	NULL	NULL	NULL	NULL
⊳ Line 9: Revenue from tv and radio	--	--	--	--	--
⊳ Line 10: Purchase discounts	12,255	0	65	0	222
⊳ Line 11: Rebates and refunds of expenses	2,907,886	3,231,860	3,136,315	2,768,611	4,313,259
⊳ Line 12: Parking lot receipts	1,220,228	1,263,839	1,394,802	1,016,337	1,198,636
⊳ 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	1,878,628	4,989,758	57,017,640	150,471,242	251,472,333
⊳ Line 18: Revenue from sale of medical records and abstracts	524,427	404,648	668,938	417,882	461,727
⊳ Line 19: Tuition (fees, sale of textbooks, uniforms, etc.)	0	0	0	0	0
⊳ Line 20: Revenue from gifts, flowers, coffee shops, canteen	88,147	90,050	450,825	909,297	1,093,237
⊳ Line 21: Rental of vending machines	42,112	36,866	39,411	25,769	25,939
⊳ Line 22: Rental of hospital space	8,097,107	1,725,871	1,602,565	1,409,712	1,138,620
⊳ Line 23: Gov appropriations ? ⊳ Median	1,582,267 1,017,693	2,428,109 983,261.5	3,282,178 1,173,286	758,756 1,987,202	0 1,597,664
⊳ Sum Line 24	15,076,961	5,241,875	12,811,940	147,443,504	57,257,249
Total income ? Median	20,654,305 6,586,430	-6,989,098 6,767,106	-16,695,681 8,419,950	-10,204,871 8,094,175	-23,557,531 15,162,888
Non-operating expenses Median	15,582,000 146,289.5	-8,106,000 164,857	12,645,000 89,880.5	12,782,000 106,761	-92,874,000 31,473.5
Net income Median	5,072,305 6,043,842	1,116,902 5,845,112	-29,340,681 7,606,259	-22,986,871 7,283,041	69,316,469 14,957,241
Net margin Median	0.59368% 4.62%	0.13002% 4.42%	-3.05974% 5.16%	-2.06568% 5.2%	5.71415% 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 NEWYORK-PRESBYTERIAN/QUEENS 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	155,040,340 23,241,334	155,472,055 23,709,545	163,060,849 24,248,380	142,100,208 22,858,541	145,822,927 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	152,239,368 21,577,146	152,431,819 22,041,594	159,907,818 22,722,063	141,369,581 21,570,441	145,822,927 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	2,800,972 1,203,033	3,040,236 1,215,295	3,153,031 1,313,657	730,627 1,365,298	0 1,179,746
All outpatient revenue Median Click here to show/hide details	25,086,827 11,160,864	27,061,378 11,987,345	28,259,524 12,926,866	20,880,678 11,884,480	21,262,905 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	25,086,827 10,918,923	27,061,378 11,706,976	28,259,524 12,615,917	20,880,678 11,458,116	21,262,905 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	28,682,948 3,284,314	30,231,634 3,250,551	32,048,615 3,386,837	28,710,809 3,360,806	29,904,849 3,508,953
Disproportionate-share hospital (DSH) Median	6,904,247 594,888	6,400,330 595,761	6,971,224 577,894	5,999,512 542,168	5,862,844 549,667
Outlier Median	2,305,276 582,572	3,313,710 538,116	310,759 212,434	395,147 126,559	286,160 139,139

Uncompensated care

Item	2017	2018	2019	2020	2021
Medicaid shortfall Median	11,165,899 3,662,910	22,271,456 3,730,911	19,306,906 4,081,319	40,456,886 4,643,908	33,865,386 4,389,147
Charity care Median	10,674,278 2,654,636	7,650,512 2,940,659	10,006,287 3,380,215	11,724,401 3,488,738	7,758,053 3,233,405
Uncompensated care (UCC) Median	12,977,005 5,147,790	10,961,582 5,337,617	11,969,507 5,711,082	14,065,108 5,923,418	9,772,027 5,508,107
UCC as a % of operating expenses Median	1.56% 3.24	1.27% 3.12	1.23% 3.21	1.25% 3.3	0.79% 2.86
Total shortfall/UCC Median	24,142,904 9,489,989	33,233,038 9,424,297	31,276,413 10,120,158	54,521,994 11,171,337	43,637,413 10,133,851

Labor costs

	2017	2018	2019	2020	2021
Total salaries Median	308,966,241 52,142,039	311,666,304 54,485,252	329,977,792 57,395,589	349,088,771 58,830,919	339,857,932 61,722,907
Salaries as a % of operating expenses Median	37.06 36.68	35.99 36.56	33.82 36.37	31.09 35.93	27.48 35.24
Intern, resident salaries* Median	13,063,969 2,598,592	13,503,926 2,686,824	14,280,687 2,753,773	15,648,676 2,937,156	16,762,411 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	0 1,449,244	0 1,475,986	0 1,563,078	0 1,721,954	0 2,991,828
Contract hours, direct-care Median	0.00 22,725	0.00 23,018.5	0.00 24,503.48	0.00 25,026.5	0.00 33,786
Contract wages, direct-care Median	0.00 64.67	0.00 64.53	0.00 65.06	0.00 68.97	0.00 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.