As of the July, 2022, release via CMS

HOSPITAL FOR SPECIAL SURGERY

CMS id: 330270
535 EAST 70TH STREET, NEW YORK NY 10021. County: NEW YORK
System: --
CBSA: New York-Newark-Jersey City, NY-NJ-PA

The 205-bed, acute-care hospital had $-334,198,813 in net service to patients*, with a total profit margin of 7.37261% in fiscal year 2021, the latest year available.
It spent 0.60% of its operating expenses on uncompensated care and reported $8,037,648 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	214 118	215 118	210 119.5	205 118	205 119
Total beds Median	214 162	215 162	210 162	205 162	205 163.5
FTEs Median	4,419.61 788.06	4,571.48 793.42	4,618.60 806.03	4,571.70 787.61	4,652.40 804.34

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	940,737,144 150,932,746	974,071,360 158,950,878	1,044,048,973 168,696,998	882,048,262 163,454,693	1,026,986,404 186,589,412
Operating expenses Median	1,103,466,175 149,311,209	1,185,892,139 156,110,414	1,276,475,436 164,890,568	1,291,376,887 166,516,854	1,361,185,217 180,120,888
Net income from service 2 patients (NS2P) ? Median	-162,729,031 -964,173	-211,820,779 -643,601.5	-232,426,463 -116,254	-409,328,625 -5,025,862	-334,198,813 -1,284,564
NS2P margin ? Median	-17.30% -0.62	-21.75% -0.29	-22.26% 0.18	-46.41% -5.07	-32.54% -0.88

Range* of Net Service to Patient (NS2P) margins

= NS2P margin for HOSPITAL FOR SPECIAL SURGERY 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	270,026,196 5,089,215	261,534,060 4,572,541	354,190,723 5,268,134	487,102,213 13,092,619	394,059,739 12,369,236
⊳ Line 6: Contributions ? ⊳ Median	43,663 224,999	155,759 199,009	0 206,870.5	0 194,343	0 249,496
⊳ Line 7: Investments ? ⊳ Median	6,559,793 299,524	11,829,977 188,688.5	19,653,242 370,813	21,347,237 309,361.5	16,865,532 375,329
⊳ Line 8: Revenue from telephone service	NULL	NULL	NULL	NULL	NULL
⊳ Line 9: Revenue from tv and radio	--	--	--	--	--
⊳ Line 10: Purchase discounts	2,006,005	3,688,459	3,921,256	5,778,400	7,407,544
⊳ 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	1,140,471	1,126,589	1,142,345	716,164	620,229
⊳ 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	0	0	0	0	0
⊳ Line 18: Revenue from sale of medical records and abstracts	2,045	4,244	3,645	7,679	863
⊳ Line 19: Tuition (fees, sale of textbooks, uniforms, etc.)	0	0	0	0	0
⊳ Line 20: Revenue from gifts, flowers, coffee shops, canteen	0	0	0	0	0
⊳ Line 21: Rental of vending machines	0	0	0	0	0
⊳ Line 22: Rental of hospital space	0	0	0	0	0
⊳ Line 23: Gov appropriations ? ⊳ Median	0 1,017,693	0 983,261.5	0 1,173,286	0 1,987,202	0 1,597,664
⊳ Sum Line 24	260,167,462	244,624,873	329,365,806	459,166,126	369,057,148
Total income ? Median	107,297,165 6,586,430	49,713,281 6,767,106	121,764,260 8,419,950	77,773,588 8,094,175	59,860,926 15,162,888
Non-operating expenses Median	39,263,598 146,289.5	-39,173,110 164,857	66,084,933 89,880.5	40,770,770 106,761	-44,907,250 31,473.5
Net income Median	68,033,567 6,043,842	88,886,391 5,845,112	55,679,327 7,606,259	37,002,818 7,283,041	104,768,176 14,957,241
Net margin Median	5.61906% 4.62%	7.19375% 4.42%	3.98210% 5.16%	2.70261% 5.2%	7.37261% 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 HOSPITAL FOR SPECIAL SURGERY 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	136,848,676 23,241,334	133,275,553 23,709,545	135,051,896 24,248,380	105,539,355 22,858,541	113,761,496 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	136,848,676 21,577,146	133,275,553 22,041,594	135,051,896 22,722,063	105,539,355 21,570,441	113,761,496 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	28,259,733 11,160,864	29,938,780 11,987,345	34,654,612 12,926,866	36,694,293 11,884,480	58,804,440 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	28,259,733 10,918,923	29,938,780 11,706,976	34,654,612 12,615,917	36,694,293 11,458,116	58,804,440 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	20,992,932 3,284,314	21,379,622 3,250,551	23,126,970 3,386,837	18,820,064 3,360,806	20,520,880 3,508,953
Disproportionate-share hospital (DSH) Median	0 594,888	0 595,761	0 577,894	0 542,168	0 549,667
Outlier Median	3,917,243 582,572	3,663,422 538,116	976,633 212,434	977,086 126,559	1,111,844 139,139

Uncompensated care

Item	2017	2018	2019	2020	2021
Medicaid shortfall Median	2,830,808 3,662,910	2,698,922 3,730,911	4,304,706 4,081,319	13,787,831 4,643,908	8,037,648 4,389,147
Charity care Median	3,975,016 2,654,636	5,250,804 2,940,659	5,682,489 3,380,215	5,579,604 3,488,738	5,526,099 3,233,405
Uncompensated care (UCC) Median	7,173,030 5,147,790	8,487,171 5,337,617	8,918,590 5,711,082	8,079,948 5,923,418	8,109,825 5,508,107
UCC as a % of operating expenses Median	0.65% 3.24	0.72% 3.12	0.70% 3.21	0.63% 3.3	0.60% 2.86
Total shortfall/UCC Median	10,003,838 9,489,989	11,186,093 9,424,297	13,223,296 10,120,158	21,867,779 11,171,337	16,147,473 10,133,851

Labor costs

	2017	2018	2019	2020	2021
Total salaries Median	495,962,267 52,142,039	545,139,215 54,485,252	605,489,365 57,395,589	623,960,541 58,830,919	646,454,910 61,722,907
Salaries as a % of operating expenses Median	44.95 36.68	45.97 36.56	47.43 36.37	48.32 35.93	47.49 35.24
Intern, resident salaries* Median	9,185,462 2,598,592	10,019,499 2,686,824	10,129,764 2,753,773	10,112,275 2,937,156	10,690,407 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.