As of the July, 2022, release via CMS

NEW YORK PRESBYTERIAN HOSPITAL

CMS id: 330101
525 EAST 68TH STREET, NEW YORK NY 10065. County: NEW YORK
System: --
CBSA: New York-Newark-Jersey City, NY-NJ-PA

The 2,696-bed, acute-care hospital had $-1,506,849,122 in net service to patients*, with a total profit margin of -4.49604% in fiscal year 2020, the latest year available.
It spent 1.08% of its operating expenses on uncompensated care and reported $718,361,773 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	1,613 118	1,792 118	1,828 119.5	1,844 118	-- 119
Total beds Median	2,410 162	2,650 162	2,670 162	2,696 162	-- 163.5
FTEs Median	25,431.53 788.06	27,256.11 793.42	28,223.38 806.03	28,699.00 787.61	-- 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	5,340,902,266 150,932,746	5,951,047,108 158,950,878	6,418,542,487 168,696,998	5,734,047,089 163,454,693	-- 186,589,412
Operating expenses Median	5,269,382,408 149,311,209	5,889,911,000 156,110,414	6,409,617,484 164,890,568	7,240,896,211 166,516,854	-- 180,120,888
Net income from service 2 patients (NS2P) ? Median	71,519,858 -964,173	61,136,108 -643,601.5	8,925,003 -116,254	-1,506,849,122 -5,025,862	-- -1,284,564
NS2P margin ? Median	1.34% -0.62	1.03% -0.29	0.14% 0.18	-26.28% -5.07	--% -0.88

Range* of Net Service to Patient (NS2P) margins

= NS2P margin for NEW YORK PRESBYTERIAN 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	275,559,381 5,089,215	264,987,483 4,572,541	291,130,997 5,268,134	967,001,000 13,092,619	-- 12,369,236
⊳ Line 6: Contributions ? ⊳ Median	0 224,999	208,307 199,009	0 206,870.5	0 194,343	-- 249,496
⊳ Line 7: Investments ? ⊳ Median	0 299,524	0 188,688.5	0 370,813	0 309,361.5	-- 375,329
⊳ Line 8: Revenue from telephone service	NULL	NULL	NULL	NULL	NULL
⊳ Line 9: Revenue from tv and radio	--	--	--	--	--
⊳ Line 10: Purchase discounts	246,760	242,720	335,485	564,485	--
⊳ Line 11: Rebates and refunds of expenses	21,494,825	25,175,188	26,947,393	32,744,774	--
⊳ Line 12: Parking lot receipts	0	463,202	642,348	359,123	--
⊳ Line 13: Revenue from laundry and linen service	0	0	0	0	--
⊳ Line 14: Revenue from meals sold to emplyees and guests	16,251,363	14,665,074	14,718,457	8,021,371	--
⊳ Line 15: Revenue from rental of living quarters	0	0	0	0	--
⊳ 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	0	0	0	0	--
⊳ Line 18: Revenue from sale of medical records and abstracts	104,309	118,836	67,758	32,671	--
⊳ Line 19: Tuition (fees, sale of textbooks, uniforms, etc.)	0	0	0	0	--
⊳ Line 20: Revenue from gifts, flowers, coffee shops, canteen	137,333	290,136	304,234	102,181	--
⊳ Line 21: Rental of vending machines	0	0	0	0	--
⊳ Line 22: Rental of hospital space	41,031,287	45,693,088	46,511,791	47,833,605	--
⊳ Line 23: Gov appropriations ? ⊳ Median	13,342,912 1,017,693	14,324,551 983,261.5	14,950,051 1,173,286	11,485,714 1,987,202	-- 1,597,664
⊳ Sum Line 24	182,950,592	163,800,831	186,653,480	865,857,076	--
Total income ? Median	347,079,239 6,586,430	326,123,591 6,767,106	300,056,000 8,419,950	-539,848,122 8,094,175	-- 15,162,888
Non-operating expenses Median	-415,619,761 146,289.5	-207,967,409 164,857	-431,031,000 89,880.5	-238,566,122 106,761	-- 31,473.5
Net income Median	762,699,000 6,043,842	534,091,000 5,845,112	731,087,000 7,606,259	-301,282,000 7,283,041	-- 14,957,241
Net margin Median	13.57971% 4.62%	8.59215% 4.42%	10.89601% 5.16%	-4.49604% 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 NEW YORK PRESBYTERIAN 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	815,393,810 23,241,334	863,159,008 23,709,545	946,412,069 24,248,380	870,814,977 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	783,626,462 21,577,146	832,627,541 22,041,594	916,024,704 22,722,063	846,555,216 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	18,336,049 1,845,420	17,035,752 1,757,392	17,129,689 1,738,842	11,506,076 1,510,463	-- 1,393,140
⊳ Inpatient rehabilitation facility (IRF) ⊳ Median	13,431,299 3,535,627	13,495,715 3,746,588	13,257,676 3,782,288	12,753,685 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	199,607,532 11,160,864	218,072,219 11,987,345	239,805,456 12,926,866	187,768,451 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	199,607,532 10,918,923	218,072,219 11,706,976	239,805,456 12,615,917	187,768,451 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	157,603,609 3,284,314	174,588,842 3,250,551	192,713,568 3,386,837	174,521,042 3,360,806	-- 3,508,953
Disproportionate-share hospital (DSH) Median	25,442,770 594,888	25,644,595 595,761	26,785,326 577,894	23,444,478 542,168	-- 549,667
Outlier Median	107,237,694 582,572	98,375,145 538,116	17,692,410 212,434	15,753,870 126,559	-- 139,139

Uncompensated care

Item	2017	2018	2019	2020	2021
Medicaid shortfall Median	227,965,228 3,662,910	299,685,416 3,730,911	321,818,144 4,081,319	718,361,773 4,643,908	-- 4,389,147
Charity care Median	40,089,317 2,654,636	39,930,844 2,940,659	44,510,135 3,380,215	54,326,465 3,488,738	-- 3,233,405
Uncompensated care (UCC) Median	61,360,013 5,147,790	58,256,074 5,337,617	58,307,869 5,711,082	78,166,327 5,923,418	-- 5,508,107
UCC as a % of operating expenses Median	1.16% 3.24	0.99% 3.12	0.91% 3.21	1.08% 3.3	--% 2.86
Total shortfall/UCC Median	289,325,241 9,489,989	357,941,490 9,424,297	380,126,013 10,120,158	796,528,100 11,171,337	-- 10,133,851

Labor costs

	2017	2018	2019	2020	2021
Total salaries Median	2,497,045,204 52,142,039	2,748,795,093 54,485,252	3,085,342,540 57,395,589	3,396,938,625 58,830,919	-- 61,722,907
Salaries as a % of operating expenses Median	47.39 36.68	46.67 36.56	48.14 36.37	46.91 35.93	-- 35.24
Intern, resident salaries* Median	101,710,505 2,598,592	111,855,357 2,686,824	114,971,842 2,753,773	124,956,007 2,937,156	-- 2,909,848
Contract intern, resident salaries* Median	0 1,251,927	0 1,186,494	0 1,204,885	0 1,279,653	-- 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	-- 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	-- 33,786
Contract wages, direct-care Median	0.00 64.67	0.00 64.53	0.00 65.06	0.00 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.