As of the July, 2022, release via CMS

INTERFAITH MEDICAL CENTER

CMS id: 330397
1545 ATLANTIC AVENUE, BROOKLYN NY 11213. County: KINGS
System: --
CBSA: New York-Newark-Jersey City, NY-NJ-PA

The 243-bed, acute-care hospital had $-119,482,315 in net service to patients*, with a total profit margin of -8.84542% in fiscal year 2020, the latest year available.
It spent 2.05% of its operating expenses on uncompensated care and reported $30,831,729 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	140 118	140 118	140 119.5	140 118	-- 119
Total beds Median	243 162	243 162	243 162	243 162	-- 163.5
FTEs Median	1,506.18 788.06	1,557.39 793.42	1,520.03 806.03	1,450.90 787.61	-- 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	162,341,432 150,932,746	152,647,109 158,950,878	146,593,958 168,696,998	135,834,442 163,454,693	-- 186,589,412
Operating expenses Median	229,004,199 149,311,209	243,677,001 156,110,414	244,295,707 164,890,568	255,316,757 166,516,854	-- 180,120,888
Net income from service 2 patients (NS2P) ? Median	-66,662,767 -964,173	-91,029,892 -643,601.5	-97,701,749 -116,254	-119,482,315 -5,025,862	-- -1,284,564
NS2P margin ? Median	-41.06% -0.62	-59.63% -0.29	-66.65% 0.18	-87.96% -5.07	--% -0.88

Range* of Net Service to Patient (NS2P) margins

= NS2P margin for INTERFAITH 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	71,259,644 5,089,215	70,365,895 4,572,541	72,900,200 5,268,134	98,733,766 13,092,619	-- 12,369,236
⊳ Line 6: Contributions ? ⊳ Median	262,609 224,999	204,683 199,009	193,517 206,870.5	253,511 194,343	-- 249,496
⊳ Line 7: Investments ? ⊳ Median	1,286,889 299,524	1,355,755 188,688.5	3,656,034 370,813	2,592,660 309,361.5	-- 375,329
⊳ Line 8: Revenue from telephone service	NULL	NULL	NULL	NULL	NULL
⊳ Line 9: Revenue from tv and radio	--	--	--	--	--
⊳ Line 10: Purchase discounts	977	15,795	0	76,277	--
⊳ Line 11: Rebates and refunds of expenses	112,292	87,931	55,137	11	--
⊳ Line 12: Parking lot receipts	0	0	0	0	--
⊳ Line 13: Revenue from laundry and linen service	0	0	0	0	--
⊳ Line 14: Revenue from meals sold to emplyees and guests	213,897	0	-76,525	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	6,456	11,807	14,278	76,862	--
⊳ Line 19: Tuition (fees, sale of textbooks, uniforms, etc.)	0	0	0	0	--
⊳ Line 20: Revenue from gifts, flowers, coffee shops, canteen	44,138	45,633	44,950	49,031	--
⊳ Line 21: Rental of vending machines	0	0	0	0	--
⊳ Line 22: Rental of hospital space	413,417	538,378	582,748	577,212	--
⊳ Line 23: Gov appropriations ? ⊳ Median	58,793,554 1,017,693	58,021,241 983,261.5	60,605,967 1,173,286	85,368,037 1,987,202	-- 1,597,664
⊳ Sum Line 24	10,125,415	10,084,672	7,824,094	9,740,165	--
Total income ? Median	4,596,877 6,586,430	-20,663,997 6,767,106	-24,801,549 8,419,950	-20,748,549 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	4,596,877 6,043,842	-20,663,997 5,845,112	-24,801,549 7,606,259	-20,748,549 7,283,041	-- 14,957,241
Net margin Median	1.96783% 4.62%	-9.26583% 4.42%	-11.29941% 5.16%	-8.84542% 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 INTERFAITH 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	29,915,047 23,241,334	30,244,558 23,709,545	30,216,457 24,248,380	29,428,722 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	26,525,674 21,577,146	27,195,292 22,041,594	26,674,745 22,722,063	26,729,686 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	3,389,373 1,845,420	3,049,266 1,757,392	3,541,712 1,738,842	2,699,036 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	4,549,340 11,160,864	4,475,832 11,987,345	4,119,580 12,926,866	2,914,242 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	4,549,340 10,918,923	4,475,832 11,706,976	4,119,580 12,615,917	2,914,242 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	8,811,843 3,284,314	9,598,392 3,250,551	9,417,292 3,386,837	9,989,319 3,360,806	-- 3,508,953
Disproportionate-share hospital (DSH) Median	1,194,680 594,888	1,378,014 595,761	1,408,782 577,894	1,409,468 542,168	-- 549,667
Outlier Median	474,789 582,572	356,934 538,116	55,946 212,434	50,488 126,559	-- 139,139

Uncompensated care

Item	2017	2018	2019	2020	2021
Medicaid shortfall Median	13,754,043 3,662,910	37,830,278 3,730,911	34,623,500 4,081,319	30,831,729 4,643,908	-- 4,389,147
Charity care Median	4,288,402 2,654,636	827,339 2,940,659	2,972,936 3,380,215	3,726,059 3,488,738	-- 3,233,405
Uncompensated care (UCC) Median	6,070,996 5,147,790	5,499,520 5,337,617	3,525,540 5,711,082	5,240,517 5,923,418	-- 5,508,107
UCC as a % of operating expenses Median	2.65% 3.24	2.26% 3.12	1.44% 3.21	2.05% 3.3	--% 2.86
Total shortfall/UCC Median	19,825,039 9,489,989	43,329,798 9,424,297	38,149,040 10,120,158	36,072,246 11,171,337	-- 10,133,851

Labor costs

	2017	2018	2019	2020	2021
Total salaries Median	120,414,563 52,142,039	124,781,341 54,485,252	125,388,788 57,395,589	127,856,050 58,830,919	-- 61,722,907
Salaries as a % of operating expenses Median	52.58 36.68	51.21 36.56	51.33 36.37	50.08 35.93	-- 35.24
Intern, resident salaries* Median	9,519,291 2,598,592	10,369,944 2,686,824	10,806,291 2,753,773	11,724,482 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	1,119,061 1,449,244	0 1,475,986	4,422,576 1,563,078	5,424,209 1,721,954	-- 2,991,828
Contract hours, direct-care Median	18,907.00 22,725	0.00 23,018.5	46,770.00 24,503.48	63,352.38 25,026.5	-- 33,786
Contract wages, direct-care Median	59.19 64.67	0.00 64.53	94.56 65.06	85.62 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.