As of the July, 2022, release via CMS

LEXINGTON MEMORIAL HOSPITAL INC.

CMS id: 340096
250 HOSPITAL DRIVE, LEXINGTON NC 27292. County: DAVIDSON
System: --
CBSA: Winston-Salem, NC

The 70-bed, acute-care hospital had $13,885,953 in net service to patients*, with a total profit margin of 14.93363% in fiscal year 2021, the latest year available.
It spent 9.14% of its operating expenses on uncompensated care and reported $252,357 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	64 118	64 118	64 119.5	54 118	54 119
Total beds Median	80 162	80 162	80 162	70 162	70 163.5
FTEs Median	592.70 788.06	588.92 793.42	614.96 806.03	579.62 787.61	576.91 804.34

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	91,758,750 150,932,746	100,711,596 158,950,878	100,605,239 168,696,998	99,325,269 163,454,693	109,043,732 186,589,412
Operating expenses Median	80,012,129 149,311,209	90,101,416 156,110,414	91,201,124 164,890,568	99,459,523 166,516,854	95,157,779 180,120,888
Net income from service 2 patients (NS2P) ? Median	11,746,621 -964,173	10,610,180 -643,601.5	9,404,115 -116,254	-134,254 -5,025,862	13,885,953 -1,284,564
NS2P margin ? Median	12.80% -0.62	10.54% -0.29	9.35% 0.18	-0.14% -5.07	12.73% -0.88

Range* of Net Service to Patient (NS2P) margins

= NS2P margin for LEXINGTON MEMORIAL HOSPITAL INC. 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	1,478,590 5,089,215	1,531,077 4,572,541	6,478,298 5,268,134	10,595,950 13,092,619	2,819,247 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	1,056 299,524	46 188,688.5	841 370,813	2,429 309,361.5	331 375,329
⊳ 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	269,111	302,023	325,241	310,508	257,457
⊳ 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	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	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	1,208,423	1,229,008	6,152,216	10,283,013	2,561,459
Total income ? Median	13,225,211 6,586,430	12,141,257 6,767,106	15,882,413 8,419,950	10,461,696 8,094,175	16,705,200 15,162,888
Non-operating expenses Median	19,370 146,289.5	8,466 164,857	30,746 89,880.5	-272,742 106,761	0 31,473.5
Net income Median	13,205,841 6,043,842	12,132,791 5,845,112	15,851,667 7,606,259	10,734,438 7,283,041	16,705,200 14,957,241
Net margin Median	14.16368% 4.62%	11.86666% 4.42%	14.80308% 5.16%	9.76557% 5.2%	14.93363% 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 LEXINGTON MEMORIAL HOSPITAL INC. 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	6,415,532 23,241,334	6,905,062 23,709,545	8,394,746 24,248,380	8,431,507 22,858,541	9,565,455 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	6,415,532 21,577,146	6,905,062 22,041,594	8,394,746 22,722,063	8,431,507 21,570,441	9,565,455 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	8,514,429 11,160,864	9,732,023 11,987,345	8,434,298 12,926,866	7,908,021 11,884,480	6,059,009 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	8,514,429 10,918,923	9,732,023 11,706,976	8,434,298 12,615,917	7,908,021 11,458,116	6,059,009 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	0 3,284,314	0 3,250,551	0 3,386,837	0 3,360,806	0 3,508,953
Disproportionate-share hospital (DSH) Median	156,141 594,888	150,577 595,761	158,434 577,894	146,547 542,168	86,057 549,667
Outlier Median	110,358 582,572	41,209 538,116	53,448 212,434	28,289 126,559	16,206 139,139

Uncompensated care

Item	2017	2018	2019	2020	2021
Medicaid shortfall Median	45,133 3,662,910	0 3,730,911	0 4,081,319	0 4,643,908	252,357 4,389,147
Charity care Median	3,740,523 2,654,636	7,738,947 2,940,659	5,178,760 3,380,215	5,342,958 3,488,738	3,844,173 3,233,405
Uncompensated care (UCC) Median	6,762,242 5,147,790	10,333,204 5,337,617	8,462,382 5,711,082	8,416,250 5,923,418	8,700,019 5,508,107
UCC as a % of operating expenses Median	8.45% 3.24	11.47% 3.12	9.28% 3.21	8.46% 3.3	9.14% 2.86
Total shortfall/UCC Median	6,807,375 9,489,989	10,333,204 9,424,297	8,462,382 10,120,158	8,416,250 11,171,337	8,952,376 10,133,851

Labor costs

	2017	2018	2019	2020	2021
Total salaries Median	27,319,414 52,142,039	28,397,413 54,485,252	29,002,328 57,395,589	28,615,698 58,830,919	29,687,969 61,722,907
Salaries as a % of operating expenses Median	34.14 36.68	31.52 36.56	31.80 36.37	28.77 35.93	31.20 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	948,591 1,449,244	835,493 1,475,986	895,335 1,563,078	967,157 1,721,954	588,444 2,991,828
Contract hours, direct-care Median	13,956.68 22,725	11,645.11 23,018.5	12,972.57 24,503.48	14,457.75 25,026.5	2,193.09 33,786
Contract wages, direct-care Median	67.97 64.67	71.75 64.53	69.02 65.06	66.90 68.97	268.32 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.