As of the July, 2022, release via CMS

WHITE PLAINS HOSPITAL

CMS id: 330304
41 EAST POST ROAD, WHITE PLAINS NY 10601. County: WESTCHESTER
System: MONTEFIORE HEALTH SYSTEM
CBSA: New York-Newark-Jersey City, NY-NJ-PA

The 292-bed, acute-care hospital had $-84,378,231 in net service to patients*, with a total profit margin of 9.01753% in fiscal year 2020, the latest year available.
It spent 1.28% of its operating expenses on uncompensated care and reported $23,506,255 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	261 119.5	261 118	-- 119
Total beds Median	292 162	292 162	292 162	292 162	-- 163.5
FTEs Median	2,762.20 788.06	2,907.10 793.42	3,007.40 806.03	3,120.51 787.61	-- 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	529,561,397 150,932,746	588,440,321 158,950,878	644,630,419 168,696,998	655,947,769 163,454,693	-- 186,589,412
Operating expenses Median	583,014,670 149,311,209	648,703,000 156,110,414	690,021,364 164,890,568	740,326,000 166,516,854	-- 180,120,888
Net income from service 2 patients (NS2P) ? Median	-53,453,273 -964,173	-60,262,679 -643,601.5	-45,390,945 -116,254	-84,378,231 -5,025,862	-- -1,284,564
NS2P margin ? Median	-10.09% -0.62	-10.24% -0.29	-7.04% 0.18	-12.86% -5.07	--% -0.88

Range* of Net Service to Patient (NS2P) margins

= NS2P margin for WHITE PLAINS 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	89,084,332 5,089,215	101,326,103 4,572,541	104,718,789 5,268,134	232,432,925 13,092,619	-- 12,369,236
⊳ Line 6: Contributions ? ⊳ Median	2,213,862 224,999	2,203,581 199,009	2,512,756 206,870.5	10,462,667 194,343	-- 249,496
⊳ Line 7: Investments ? ⊳ Median	3,152,019 299,524	3,235,616 188,688.5	3,498,247 370,813	3,129,848 309,361.5	-- 375,329
⊳ Line 8: Revenue from telephone service	NULL	NULL	NULL	NULL	NULL
⊳ Line 9: Revenue from tv and radio	19,754	--	528	--	--
⊳ Line 10: Purchase discounts	793,051	1,131,111	1,964,483	2,639,828	--
⊳ Line 11: Rebates and refunds of expenses	0	0	0	0	--
⊳ Line 12: Parking lot receipts	1,085,634	1,172,174	1,213,466	831,744	--
⊳ 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	11,714	37,067	20,154	36,127	--
⊳ Line 19: Tuition (fees, sale of textbooks, uniforms, etc.)	0	0	0	0	--
⊳ Line 20: Revenue from gifts, flowers, coffee shops, canteen	177,596	173,686	190,932	76,580	--
⊳ Line 21: Rental of vending machines	3,660	12,942	8,046	5,570	--
⊳ Line 22: Rental of hospital space	369,330	658,211	714,230	812,942	--
⊳ Line 23: Gov appropriations ? ⊳ Median	-6,818 1,017,693	401,983 983,261.5	322,718 1,173,286	610,996 1,987,202	-- 1,597,664
⊳ Sum Line 24	81,273,735	92,299,816	94,273,229	213,826,595	--
Total income ? Median	35,631,059 6,586,430	41,063,424 6,767,106	59,327,844 8,419,950	148,054,694 8,094,175	-- 15,162,888
Non-operating expenses Median	999,059 146,289.5	1,998,424 164,857	3,076,379 89,880.5	67,944,694 106,761	-- 31,473.5
Net income Median	34,632,000 6,043,842	39,065,000 5,845,112	56,251,465 7,606,259	80,110,000 7,283,041	-- 14,957,241
Net margin Median	5.59803% 4.62%	5.66351% 4.42%	7.50671% 5.16%	9.01753% 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 WHITE PLAINS 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	69,876,189 23,241,334	80,371,229 23,709,545	87,433,678 24,248,380	86,508,801 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	69,876,189 21,577,146	80,371,229 22,041,594	87,433,678 22,722,063	86,508,801 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	0 1,845,420	0 1,757,392	0 1,738,842	0 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	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	43,782,864 11,160,864	54,317,828 11,987,345	58,531,802 12,926,866	56,372,650 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	43,782,864 10,918,923	54,317,828 11,706,976	58,531,802 12,615,917	56,372,650 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	0 3,284,314	5,452 3,250,551	20,949 3,386,837	42,564 3,360,806	-- 3,508,953
Disproportionate-share hospital (DSH) Median	585,653 594,888	561,243 595,761	812,660 577,894	892,692 542,168	-- 549,667
Outlier Median	2,439,860 582,572	3,957,955 538,116	307,978 212,434	211,061 126,559	-- 139,139

Uncompensated care

Item	2017	2018	2019	2020	2021
Medicaid shortfall Median	25,976,867 3,662,910	23,668,638 3,730,911	25,217,445 4,081,319	23,506,255 4,643,908	-- 4,389,147
Charity care Median	2,780,950 2,654,636	3,165,282 2,940,659	5,813,920 3,380,215	6,015,951 3,488,738	-- 3,233,405
Uncompensated care (UCC) Median	6,886,607 5,147,790	7,438,184 5,337,617	10,343,842 5,711,082	9,439,284 5,923,418	-- 5,508,107
UCC as a % of operating expenses Median	1.18% 3.24	1.15% 3.12	1.50% 3.21	1.28% 3.3	--% 2.86
Total shortfall/UCC Median	32,863,474 9,489,989	31,106,822 9,424,297	35,561,287 10,120,158	32,945,539 11,171,337	-- 10,133,851

Labor costs

	2017	2018	2019	2020	2021
Total salaries Median	283,125,515 52,142,039	311,645,644 54,485,252	333,276,363 57,395,589	366,077,898 58,830,919	-- 61,722,907
Salaries as a % of operating expenses Median	48.80 36.68	48.20 36.56	48.47 36.37	49.46 35.93	-- 35.24
Intern, resident salaries* Median	0 2,598,592	0 2,686,824	0 2,753,773	0 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	1,674,179 1,449,244	859,646 1,475,986	2,807,722 1,563,078	6,952,161 1,721,954	-- 2,991,828
Contract hours, direct-care Median	21,546.00 22,725	10,970.00 23,018.5	32,426.00 24,503.48	73,291.00 25,026.5	-- 33,786
Contract wages, direct-care Median	77.70 64.67	78.36 64.53	86.59 65.06	94.86 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.