As of the July, 2022, release via CMS

GLEN COVE HOSPITAL

CMS id: 330181
101 ST. ANDREWS LANE, GLEN COVE NY 11542. County: NASSAU
System: NORTHWELL HEALTHCARE INC
CBSA: New York-Newark-Jersey City, NY-NJ-PA

The 119-bed, acute-care hospital had $-37,563,948 in net service to patients*, with a total profit margin of -1.46818% in fiscal year 2021, the latest year available.
It spent 2.23% of its operating expenses on uncompensated care and reported $10,010,158 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	39 118	39 118	39 119.5	39 118	39 119
Total beds Median	119 162	119 162	119 162	119 162	119 163.5
FTEs Median	848.70 788.06	855.90 793.42	844.10 806.03	1,048.40 787.61	1,092.30 804.34

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	118,151,846 150,932,746	116,895,484 158,950,878	113,940,016 168,696,998	140,639,382 163,454,693	157,102,957 186,589,412
Operating expenses Median	149,531,662 149,311,209	151,490,825 156,110,414	166,999,294 164,890,568	198,294,610 166,516,854	194,666,905 180,120,888
Net income from service 2 patients (NS2P) ? Median	-31,379,816 -964,173	-34,595,341 -643,601.5	-53,059,278 -116,254	-57,655,228 -5,025,862	-37,563,948 -1,284,564
NS2P margin ? Median	-26.56% -0.62	-29.60% -0.29	-46.57% 0.18	-41.00% -5.07	-23.91% -0.88

Range* of Net Service to Patient (NS2P) margins

= NS2P margin for GLEN COVE 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	32,191,023 5,089,215	22,301,304 4,572,541	32,796,778 5,268,134	33,496,422 13,092,619	35,049,903 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	2,668,884 299,524	2,885,080 188,688.5	2,575,875 370,813	1,820,541 309,361.5	3,857,560 375,329
⊳ 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	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	170,383	186,097	173,521	184,069	203,896
⊳ 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	2,000	4,000
⊳ Line 17: Revenue from sale of drugs to other than patients	2,910	4,934	2,310	1,905	563
⊳ 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	279,125	262,275	264,083	229,928	165,380
⊳ Line 21: Rental of vending machines	1,485	1,625	327	11	3,000
⊳ Line 22: Rental of hospital space	0	0	0	0	0
⊳ Line 23: Gov appropriations ? ⊳ Median	308,316 1,017,693	-195 983,261.5	0 1,173,286	268,969 1,987,202	93,122 1,597,664
⊳ Sum Line 24	28,759,920	18,961,488	29,780,662	30,988,999	30,722,382
Total income ? Median	811,207 6,586,430	-12,294,037 6,767,106	-20,262,500 8,419,950	-24,158,806 8,094,175	-2,514,045 15,162,888
Non-operating expenses Median	0 146,289.5	0 164,857	0 89,880.5	0 106,761	307,101 31,473.5
Net income Median	811,207 6,043,842	-12,294,037 5,845,112	-20,262,500 7,606,259	-24,158,806 7,283,041	-2,821,146 14,957,241
Net margin Median	0.53957% 4.62%	-8.83213% 4.42%	-13.80874% 5.16%	-13.87354% 5.2%	-1.46818% 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 GLEN COVE 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	34,679,405 23,241,334	36,270,748 23,709,545	36,168,170 24,248,380	39,176,920 22,858,541	45,445,970 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	21,076,210 21,577,146	21,054,469 22,041,594	20,399,842 22,722,063	22,627,312 21,570,441	25,970,557 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	13,603,195 3,535,627	15,216,279 3,746,588	15,768,328 3,782,288	16,549,608 3,865,578	19,475,413 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	7,192,025 11,160,864	7,973,677 11,987,345	6,019,585 12,926,866	5,083,262 11,884,480	6,183,653 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	7,192,025 10,918,923	7,973,677 11,706,976	6,019,585 12,615,917	5,083,262 11,458,116	6,183,653 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	3,645,434 3,284,314	3,811,690 3,250,551	3,744,608 3,386,837	3,892,120 3,360,806	3,773,582 3,508,953
Disproportionate-share hospital (DSH) Median	0 594,888	0 595,761	0 577,894	0 542,168	176,000 549,667
Outlier Median	427,265 582,572	699,039 538,116	941,778 212,434	984,869 126,559	1,193,986 139,139

Uncompensated care

Item	2017	2018	2019	2020	2021
Medicaid shortfall Median	2,526,117 3,662,910	4,618,718 3,730,911	3,846,354 4,081,319	10,747,055 4,643,908	10,010,158 4,389,147
Charity care Median	3,778,022 2,654,636	4,007,596 2,940,659	5,049,585 3,380,215	4,729,496 3,488,738	4,153,343 3,233,405
Uncompensated care (UCC) Median	3,919,883 5,147,790	4,214,141 5,337,617	5,156,462 5,711,082	5,330,995 5,923,418	4,339,982 5,508,107
UCC as a % of operating expenses Median	2.62% 3.24	2.78% 3.12	3.09% 3.21	2.69% 3.3	2.23% 2.86
Total shortfall/UCC Median	6,446,000 9,489,989	8,832,859 9,424,297	9,002,816 10,120,158	16,078,050 11,171,337	14,350,140 10,133,851

Labor costs

	2017	2018	2019	2020	2021
Total salaries Median	81,650,773 52,142,039	83,858,012 54,485,252	91,821,486 57,395,589	108,503,880 58,830,919	106,834,759 61,722,907
Salaries as a % of operating expenses Median	54.60 36.68	55.36 36.56	54.98 36.37	54.72 35.93	54.88 35.24
Intern, resident salaries* Median	0 2,598,592	0 2,686,824	0 2,753,773	0 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	319,736 1,449,244	187,195 1,475,986	0 1,563,078	1,871,276 1,721,954	1,158,922 2,991,828
Contract hours, direct-care Median	4,107.00 22,725	1,750.00 23,018.5	0.00 24,503.48	13,269.00 25,026.5	6,557.00 33,786
Contract wages, direct-care Median	77.85 64.67	106.97 64.53	0.00 65.06	141.03 68.97	176.75 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.