As of the July, 2022, release via CMS

PERSON MEMORIAL HOSPITAL INC

CMS id: 340159
615 RIDGE ROAD, ROXOBORO NC 27573. County: PERSON
System: LIFEPOINT HEALTH
CBSA: Durham-Chapel Hill, NC

The 98-bed, acute-care hospital had $-3,541,608 in net service to patients*, with a total profit margin of -3.72530% in fiscal year 2021, the latest year available.
It spent 10.87% of its operating expenses on uncompensated care and reported $1,484,436 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	forprofit	forprofit	forprofit	forprofit	forprofit
Acute beds Median	32 118	32 118	32 119.5	32 118	32 119
Total beds Median	98 162	98 162	98 162	98 162	98 163.5
FTEs Median	227.50 788.06	213.23 793.42	207.36 806.03	193.46 787.61	186.96 804.34

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	31,231,063 150,932,746	33,844,193 158,950,878	30,647,020 168,696,998	29,510,720 163,454,693	32,840,804 186,589,412
Operating expenses Median	34,677,384 149,311,209	37,856,581 156,110,414	36,869,464 164,890,568	35,546,410 166,516,854	36,382,412 180,120,888
Net income from service 2 patients (NS2P) ? Median	-3,446,321 -964,173	-4,012,388 -643,601.5	-6,222,444 -116,254	-6,035,690 -5,025,862	-3,541,608 -1,284,564
NS2P margin ? Median	-11.03% -0.62	-11.86% -0.29	-20.30% 0.18	-20.45% -5.07	-10.78% -0.88

Range* of Net Service to Patient (NS2P) margins

= NS2P margin for PERSON 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	816,445 5,089,215	414,769 4,572,541	244,661 5,268,134	222,063 13,092,619	2,234,930 12,369,236
⊳ Line 6: Contributions ? ⊳ Median	150 224,999	0 199,009	2,808 206,870.5	27,945 194,343	43,944 249,496
⊳ Line 7: Investments ? ⊳ Median	32,031 299,524	1,996 188,688.5	674 370,813	1,537 309,361.5	6,213 375,329
⊳ 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	61,458	104,466	74,883	59,285	70,364
⊳ Line 13: Revenue from laundry and linen service	0	0	0	0	0
⊳ Line 14: Revenue from meals sold to emplyees and guests	152,613	85,356	140,693	117,600	103,043
⊳ Line 15: Revenue from rental of living quarters	0	0	0	0	0
⊳ Line 16: Revenue from sale of medical and surgical supplies	9,651	10,371	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	9,968	12,549	11,091
⊳ Line 19: Tuition (fees, sale of textbooks, uniforms, etc.)	0	0	0	0	0
⊳ Line 20: Revenue from gifts, flowers, coffee shops, canteen	7,500	5,000	0	0	0
⊳ Line 21: Rental of vending machines	4,303	3,187	811	326	124
⊳ Line 22: Rental of hospital space	0	0	0	0	11,171
⊳ 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	548,739	204,393	14,824	2,821	1,988,980
Total income ? Median	-2,629,876 6,586,430	-3,597,619 6,767,106	-5,977,783 8,419,950	-5,813,627 8,094,175	-1,306,678 15,162,888
Non-operating expenses Median	0 146,289.5	0 164,857	0 89,880.5	0 106,761	0 31,473.5
Net income Median	-2,629,876 6,043,842	-3,597,619 5,845,112	-5,977,783 7,606,259	-5,813,627 7,283,041	-1,306,678 14,957,241
Net margin Median	-8.20618% 4.62%	-10.50125% 4.42%	-19.35079% 5.16%	-19.55292% 5.2%	-3.72530% 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 PERSON 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	6,272,763 23,241,334	5,289,625 23,709,545	5,219,130 24,248,380	4,745,462 22,858,541	4,538,761 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	4,758,222 21,577,146	4,202,415 22,041,594	3,822,935 22,722,063	3,657,562 21,570,441	3,710,089 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	1,514,541 1,203,033	1,087,210 1,215,295	1,396,195 1,313,657	1,087,900 1,365,298	828,672 1,179,746
All outpatient revenue Median Click here to show/hide details	3,009,105 11,160,864	2,930,395 11,987,345	2,694,253 12,926,866	2,336,165 11,884,480	2,393,025 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	3,009,105 10,918,923	2,930,395 11,706,976	2,694,253 12,615,917	2,336,165 11,458,116	2,393,025 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	52,765 594,888	29,850 595,761	65,733 577,894	31,193 542,168	39,721 549,667
Outlier Median	8,454 582,572	18,186 538,116	0 212,434	1,406 126,559	1,126 139,139

Uncompensated care

Item	2017	2018	2019	2020	2021
Medicaid shortfall Median	863,141 3,662,910	1,271,864 3,730,911	1,340,997 4,081,319	834,349 4,643,908	1,484,436 4,389,147
Charity care Median	146,912 2,654,636	32,087 2,940,659	0 3,380,215	920,249 3,488,738	1,247,063 3,233,405
Uncompensated care (UCC) Median	2,182,567 5,147,790	2,571,981 5,337,617	2,360,248 5,711,082	1,964,299 5,923,418	3,956,275 5,508,107
UCC as a % of operating expenses Median	6.29% 3.24	6.79% 3.12	6.40% 3.21	5.53% 3.3	10.87% 2.86
Total shortfall/UCC Median	3,045,708 9,489,989	3,843,845 9,424,297	3,701,245 10,120,158	2,798,648 11,171,337	5,440,711 10,133,851

Labor costs

	2017	2018	2019	2020	2021
Total salaries Median	11,556,667 52,142,039	11,950,852 54,485,252	12,550,053 57,395,589	11,077,960 58,830,919	11,369,074 61,722,907
Salaries as a % of operating expenses Median	31.87 36.68	30.25 36.56	31.69 36.37	29.01 35.93	30.95 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	1,124,884 1,449,244	1,659,592 1,475,986	1,852,762 1,563,078	0 1,721,954	2,314,424 2,991,828
Contract hours, direct-care Median	17,215.00 22,725	25,695.00 23,018.5	29,145.00 24,503.48	0.00 25,026.5	24,924.00 33,786
Contract wages, direct-care Median	65.34 64.67	64.59 64.53	63.57 65.06	0.00 68.97	92.86 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.