As of the July, 2022, release via CMS

FLUSHING HOSPITAL MEDICAL CENTER

CMS id: 330193
45TH AVE AT PARSONS BLVD, FLUSHING NY 11355. County: QUEENS
System: --
CBSA: New York-Newark-Jersey City, NY-NJ-PA

The 271-bed, acute-care hospital had $-67,925,435 in net service to patients*, with a total profit margin of 7.71148% in fiscal year 2020, the latest year available.
It spent 3.27% of its operating expenses on uncompensated care and reported $34,082,504 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	261 118	261 118	233 119.5	233 118	-- 119
Total beds Median	299 162	299 162	271 162	271 162	-- 163.5
FTEs Median	1,747.06 788.06	1,728.30 793.42	1,732.96 806.03	1,732.93 787.61	-- 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	214,693,198 150,932,746	225,298,492 158,950,878	216,444,177 168,696,998	232,015,860 163,454,693	-- 186,589,412
Operating expenses Median	266,286,501 149,311,209	270,798,803 156,110,414	282,365,822 164,890,568	299,941,295 166,516,854	-- 180,120,888
Net income from service 2 patients (NS2P) ? Median	-51,593,303 -964,173	-45,500,311 -643,601.5	-65,921,645 -116,254	-67,925,435 -5,025,862	-- -1,284,564
NS2P margin ? Median	-24.03% -0.62	-20.20% -0.29	-30.46% 0.18	-29.28% -5.07	--% -0.88

Range* of Net Service to Patient (NS2P) margins

= NS2P margin for FLUSHING HOSPITAL MEDICAL CENTER 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	22,883,288 5,089,215	48,149,738 4,572,541	52,169,055 5,268,134	92,988,039 13,092,619	-- 12,369,236
⊳ Line 6: Contributions ? ⊳ Median	249,406 224,999	934,538 199,009	199,997 206,870.5	143,725 194,343	-- 249,496
⊳ Line 7: Investments ? ⊳ Median	88,171 299,524	85,782 188,688.5	187,143 370,813	156,371 309,361.5	-- 375,329
⊳ Line 8: Revenue from telephone service	NULL	NULL	NULL	NULL	NULL
⊳ Line 9: Revenue from tv and radio	--	--	--	--	--
⊳ Line 10: Purchase discounts	0	0	0	216,378	--
⊳ Line 11: Rebates and refunds of expenses	415,022	396,980	532,690	202,238	--
⊳ Line 12: Parking lot receipts	88,742	32,202	39,993	0	--
⊳ Line 13: Revenue from laundry and linen service	0	0	0	0	--
⊳ Line 14: Revenue from meals sold to emplyees and guests	0	0	0	0	--
⊳ 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	86,638	68,508	60,063	52,023	--
⊳ Line 19: Tuition (fees, sale of textbooks, uniforms, etc.)	0	0	0	0	--
⊳ Line 20: Revenue from gifts, flowers, coffee shops, canteen	23,582	18,654	14,809	2,696	--
⊳ Line 21: Rental of vending machines	0	0	0	0	--
⊳ Line 22: Rental of hospital space	587,645	581,434	569,216	562,458	--
⊳ Line 23: Gov appropriations ? ⊳ Median	9,813,861 1,017,693	33,769,463 983,261.5	38,854,876 1,173,286	56,496,954 1,987,202	-- 1,597,664
⊳ Sum Line 24	11,530,221	12,262,177	11,710,268	35,155,196	--
Total income ? Median	-28,710,015 6,586,430	2,649,427 6,767,106	-13,752,590 8,419,950	25,062,604 8,094,175	-- 15,162,888
Non-operating expenses Median	0 146,289.5	0 164,857	0 89,880.5	0 106,761	-- 31,473.5
Net income Median	-28,710,015 6,043,842	2,649,427 5,845,112	-13,752,590 7,606,259	25,062,604 7,283,041	-- 14,957,241
Net margin Median	-12.08454% 4.62%	0.96890% 4.42%	-5.11985% 5.16%	7.71148% 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 FLUSHING HOSPITAL MEDICAL CENTER 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	52,325,882 23,241,334	46,365,880 23,709,545	49,240,468 24,248,380	50,907,018 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	51,058,861 21,577,146	45,317,670 22,041,594	48,468,616 22,722,063	50,315,436 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	927,111 1,845,420	751,828 1,757,392	453,019 1,738,842	493,927 1,510,463	-- 1,393,140
⊳ Inpatient rehabilitation facility (IRF) ⊳ Median	0 3,535,627	0 3,746,588	0 3,782,288	0 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	339,910 1,203,033	296,382 1,215,295	318,833 1,313,657	97,655 1,365,298	-- 1,179,746
All outpatient revenue Median Click here to show/hide details	4,769,579 11,160,864	5,374,556 11,987,345	5,827,238 12,926,866	3,987,878 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	4,769,579 10,918,923	5,374,556 11,706,976	5,827,238 12,615,917	3,987,878 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	12,454,222 3,284,314	11,161,689 3,250,551	11,789,444 3,386,837	13,205,572 3,360,806	-- 3,508,953
Disproportionate-share hospital (DSH) Median	2,668,043 594,888	2,476,491 595,761	3,038,762 577,894	3,146,351 542,168	-- 549,667
Outlier Median	679,835 582,572	572,804 538,116	6,044 212,434	19,239 126,559	-- 139,139

Uncompensated care

Item	2017	2018	2019	2020	2021
Medicaid shortfall Median	16,235,408 3,662,910	0 3,730,911	29,879,987 4,081,319	34,082,504 4,643,908	-- 4,389,147
Charity care Median	6,461,346 2,654,636	7,787,068 2,940,659	8,213,847 3,380,215	6,202,156 3,488,738	-- 3,233,405
Uncompensated care (UCC) Median	8,072,710 5,147,790	9,914,064 5,337,617	11,970,865 5,711,082	9,812,889 5,923,418	-- 5,508,107
UCC as a % of operating expenses Median	3.03% 3.24	3.66% 3.12	4.24% 3.21	3.27% 3.3	--% 2.86
Total shortfall/UCC Median	24,308,118 9,489,989	9,914,064 9,424,297	41,850,852 10,120,158	43,895,393 11,171,337	-- 10,133,851

Labor costs

	2017	2018	2019	2020	2021
Total salaries Median	128,265,265 52,142,039	129,837,692 54,485,252	133,752,505 57,395,589	143,534,193 58,830,919	-- 61,722,907
Salaries as a % of operating expenses Median	48.17 36.68	47.95 36.56	47.37 36.37	47.85 35.93	-- 35.24
Intern, resident salaries* Median	8,261,682 2,598,592	8,375,594 2,686,824	8,380,805 2,753,773	8,697,647 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.