As of the July, 2022, release via CMS

ST. PETERS HOSPITAL

CMS id: 330057
315 S. MANNING BLVD., ALBANY NY 12208. County: ALBANY
System: ST. PETERS HEALTH PARTNERS
CBSA: Albany-Schenectady-Troy, NY

The 482-bed, acute-care hospital had $30,961,228 in net service to patients*, with a total profit margin of 12.85908% in fiscal year 2021, the latest year available.
It spent 0.90% of its operating expenses on uncompensated care and reported $11,983,531 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	445 118	445 118	445 119.5	445 118	445 119
Total beds Median	482 162	482 162	482 162	482 162	482 163.5
FTEs Median	3,084.40 788.06	3,095.80 793.42	3,078.80 806.03	2,978.20 787.61	2,821.10 804.34

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	584,431,849 150,932,746	576,433,885 158,950,878	615,360,444 168,696,998	592,703,686 163,454,693	648,391,703 186,589,412
Operating expenses Median	563,582,572 149,311,209	563,869,721 156,110,414	585,539,152 164,890,568	591,348,117 166,516,854	617,430,475 180,120,888
Net income from service 2 patients (NS2P) ? Median	20,849,277 -964,173	12,564,164 -643,601.5	29,821,292 -116,254	1,355,569 -5,025,862	30,961,228 -1,284,564
NS2P margin ? Median	3.57% -0.62	2.18% -0.29	4.85% 0.18	0.23% -5.07	4.78% -0.88

Range* of Net Service to Patient (NS2P) margins

= NS2P margin for ST. PETERS 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	27,282,164 5,089,215	27,600,287 4,572,541	27,079,725 5,268,134	55,111,385 13,092,619	60,150,807 12,369,236
⊳ Line 6: Contributions ? ⊳ Median	555,845 224,999	604,304 199,009	1,136,866 206,870.5	948,859 194,343	868,111 249,496
⊳ Line 7: Investments ? ⊳ Median	3,358,829 299,524	3,642,905 188,688.5	2,066,619 370,813	241,166 309,361.5	10,851,185 375,329
⊳ Line 8: Revenue from telephone service	NULL	NULL	NULL	NULL	NULL
⊳ Line 9: Revenue from tv and radio	74,476	--	14,251	92,497	7,577
⊳ 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	552,164	419,865	433,692	197,825	135,817
⊳ Line 13: Revenue from laundry and linen service	0	0	0	0	0
⊳ Line 14: Revenue from meals sold to emplyees and guests	2,796,928	2,847,280	3,259,423	2,738,985	1,964,850
⊳ 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	585,296	856,990	899,698	1,030,005	1,092,895
⊳ Line 18: Revenue from sale of medical records and abstracts	31,813	36,589	1,356,386	1,293,207	666,130
⊳ Line 19: Tuition (fees, sale of textbooks, uniforms, etc.)	1,817,354	1,792,636	1,811,818	2,303,546	2,777,255
⊳ Line 20: Revenue from gifts, flowers, coffee shops, canteen	0	0	0	0	0
⊳ Line 21: Rental of vending machines	40,000	39,672	39,349	39,024	38,812
⊳ Line 22: Rental of hospital space	0	0	0	0	0
⊳ Line 23: Gov appropriations ? ⊳ Median	0 1,017,693	4,055,369 983,261.5	25,043 1,173,286	4,501,042 1,987,202	799,073 1,597,664
⊳ Sum Line 24	17,469,459	13,304,677	16,036,580	41,725,229	40,949,102
Total income ? Median	48,131,441 6,586,430	40,164,451 6,767,106	56,901,017 8,419,950	56,466,954 8,094,175	91,112,035 15,162,888
Non-operating expenses Median	0 146,289.5	976,154 164,857	0 89,880.5	0 106,761	0 31,473.5
Net income Median	48,131,441 6,043,842	39,188,297 5,845,112	56,901,017 7,606,259	56,466,954 7,283,041	91,112,035 14,957,241
Net margin Median	7.86829% 4.62%	6.48776% 4.42%	8.85701% 5.16%	8.71652% 5.2%	12.85908% 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 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	90,692,487 23,241,334	85,964,050 23,709,545	86,563,514 24,248,380	82,887,423 22,858,541	86,509,767 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	90,692,487 21,577,146	85,964,050 22,041,594	86,563,514 22,722,063	82,887,423 21,570,441	86,509,767 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	29,615,511 11,160,864	31,203,769 11,987,345	37,057,958 12,926,866	36,975,346 11,884,480	42,251,098 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	29,615,511 10,918,923	31,203,769 11,706,976	37,057,958 12,615,917	36,975,346 11,458,116	42,251,098 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	2,983,235 3,284,314	2,753,814 3,250,551	2,710,871 3,386,837	2,663,533 3,360,806	2,663,113 3,508,953
Disproportionate-share hospital (DSH) Median	2,057,283 594,888	2,051,032 595,761	2,001,730 577,894	1,909,894 542,168	1,994,577 549,667
Outlier Median	3,010,173 582,572	2,459,112 538,116	2,945,743 212,434	117,811 126,559	84,840 139,139

Uncompensated care

Item	2017	2018	2019	2020	2021
Medicaid shortfall Median	7,138,177 3,662,910	10,301,714 3,730,911	9,567,489 4,081,319	9,315,138 4,643,908	11,983,531 4,389,147
Charity care Median	1,181,237 2,654,636	2,024,676 2,940,659	2,380,735 3,380,215	2,317,405 3,488,738	2,350,369 3,233,405
Uncompensated care (UCC) Median	3,313,132 5,147,790	8,093,319 5,337,617	9,050,215 5,711,082	6,840,559 5,923,418	5,587,526 5,508,107
UCC as a % of operating expenses Median	0.59% 3.24	1.44% 3.12	1.55% 3.21	1.16% 3.3	0.90% 2.86
Total shortfall/UCC Median	10,451,309 9,489,989	18,395,033 9,424,297	18,617,704 10,120,158	16,155,697 11,171,337	17,571,057 10,133,851

Labor costs

	2017	2018	2019	2020	2021
Total salaries Median	214,283,142 52,142,039	219,795,848 54,485,252	229,333,980 57,395,589	228,312,784 58,830,919	227,337,241 61,722,907
Salaries as a % of operating expenses Median	37.62 36.68	38.57 36.56	38.76 36.37	38.20 35.93	36.47 35.24
Intern, resident salaries* Median	0 2,598,592	300 2,686,824	300 2,753,773	4,746 2,937,156	0 2,909,848
Contract intern, resident salaries* Median	1,234,528 1,251,927	1,254,814 1,186,494	1,254,814 1,204,885	1,213,373 1,279,653	1,279,156 1,469,317
Contract adjusted salaries, direct-care Median	14,898,364 1,449,244	16,736,778 1,475,986	16,692,086 1,563,078	11,290,167 1,721,954	9,989,932 2,991,828
Contract hours, direct-care Median	226,683.00 22,725	245,890.00 23,018.5	251,925.00 24,503.48	175,104.00 25,026.5	102,699.00 33,786
Contract wages, direct-care Median	65.72 64.67	68.07 64.53	66.26 65.06	64.48 68.97	97.27 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.