As of the July, 2022, release via CMS

PRESBYTERIAN HOSPITAL MATTHEWS

CMS id: 340171
1500 MATTHEWS TOWNSHIP PARKWAY, MATTHEWS NC 28105. County: MECKLENBURG
System: NOVANT HEALTH INC
CBSA: Charlotte-Concord-Gastonia, NC-SC

The 123-bed, acute-care hospital had $78,236,925 in net service to patients*, with a total profit margin of 33.60096% in fiscal year 2020, the latest year available.
It spent 7.63% of its operating expenses on uncompensated care and reported $0 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	105 118	105 118	105 119.5	105 118	-- 119
Total beds Median	123 162	123 162	123 162	123 162	-- 163.5
FTEs Median	742.15 788.06	817.21 793.42	852.23 806.03	822.52 787.61	-- 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	226,107,180 150,932,746	254,272,017 158,950,878	261,930,629 168,696,998	255,116,394 163,454,693	-- 186,589,412
Operating expenses Median	169,016,738 149,311,209	183,346,330 156,110,414	199,433,969 164,890,568	176,879,469 166,516,854	-- 180,120,888
Net income from service 2 patients (NS2P) ? Median	57,090,442 -964,173	70,925,687 -643,601.5	62,496,660 -116,254	78,236,925 -5,025,862	-- -1,284,564
NS2P margin ? Median	25.25% -0.62	27.89% -0.29	23.86% 0.18	30.67% -5.07	--% -0.88

Range* of Net Service to Patient (NS2P) margins

= NS2P margin for PRESBYTERIAN HOSPITAL MATTHEWS 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	1,856,780 5,089,215	1,269,404 4,572,541	930,339 5,268,134	11,272,188 13,092,619	-- 12,369,236
⊳ Line 6: Contributions ? ⊳ Median	1,500 224,999	0 199,009	50 206,870.5	174,831 194,343	-- 249,496
⊳ Line 7: Investments ? ⊳ Median	41,297 299,524	118,346 188,688.5	29,085 370,813	60,715 309,361.5	-- 375,329
⊳ Line 8: Revenue from telephone service	NULL	NULL	NULL	NULL	NULL
⊳ Line 9: Revenue from tv and radio	--	--	--	--	--
⊳ Line 10: Purchase discounts	0	0	0	0	--
⊳ Line 11: Rebates and refunds of expenses	47,558	0	0	10,223	--
⊳ 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	722,732	762,075	839,805	476,725	--
⊳ 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	0	0	0	0	--
⊳ Line 19: Tuition (fees, sale of textbooks, uniforms, etc.)	0	0	0	0	--
⊳ Line 20: Revenue from gifts, flowers, coffee shops, canteen	56,774	74,313	52,673	11,197	--
⊳ Line 21: Rental of vending machines	25,055	37,073	26,878	25,428	--
⊳ Line 22: Rental of hospital space	40,566	40,900	40,840	41,794	--
⊳ Line 23: Gov appropriations ? ⊳ Median	0 1,017,693	0 983,261.5	0 1,173,286	0 1,987,202	-- 1,597,664
⊳ Sum Line 24	921,298	236,697	-58,992	10,471,275	--
Total income ? Median	58,947,222 6,586,430	72,195,091 6,767,106	63,426,999 8,419,950	89,509,113 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	58,947,222 6,043,842	72,195,091 5,845,112	63,426,999 7,606,259	89,509,113 7,283,041	-- 14,957,241
Net margin Median	25.85813% 4.62%	28.25182% 4.42%	24.12949% 5.16%	33.60096% 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 PRESBYTERIAN HOSPITAL MATTHEWS 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	25,414,046 23,241,334	28,266,773 23,709,545	31,837,744 24,248,380	29,139,033 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	25,414,046 21,577,146	28,266,773 22,041,594	31,837,744 22,722,063	29,139,033 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	11,815,717 11,160,864	13,690,699 11,987,345	14,205,017 12,926,866	11,404,892 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	11,815,717 10,918,923	13,690,699 11,706,976	14,205,017 12,615,917	11,404,892 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	0 3,250,551	0 3,386,837	0 3,360,806	-- 3,508,953
Disproportionate-share hospital (DSH) Median	327,004 594,888	293,513 595,761	253,201 577,894	214,036 542,168	-- 549,667
Outlier Median	173,495 582,572	144,364 538,116	68,595 212,434	57,538 126,559	-- 139,139

Uncompensated care

Item	2017	2018	2019	2020	2021
Medicaid shortfall Median	0 3,662,910	189,009 3,730,911	0 4,081,319	0 4,643,908	-- 4,389,147
Charity care Median	8,286,346 2,654,636	11,928,003 2,940,659	8,294,904 3,380,215	9,972,427 3,488,738	-- 3,233,405
Uncompensated care (UCC) Median	11,280,290 5,147,790	12,686,522 5,337,617	12,089,327 5,711,082	13,497,616 5,923,418	-- 5,508,107
UCC as a % of operating expenses Median	6.67% 3.24	6.92% 3.12	6.06% 3.21	7.63% 3.3	--% 2.86
Total shortfall/UCC Median	11,280,290 9,489,989	12,875,531 9,424,297	12,089,327 10,120,158	13,497,616 11,171,337	-- 10,133,851

Labor costs

	2017	2018	2019	2020	2021
Total salaries Median	49,139,221 52,142,039	57,470,042 54,485,252	61,922,959 57,395,589	61,084,128 58,830,919	-- 61,722,907
Salaries as a % of operating expenses Median	33.28 36.68	35.69 36.56	35.50 36.37	34.53 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	2,437,642 1,449,244	1,503,769 1,475,986	1,271,375 1,563,078	1,819,409 1,721,954	-- 2,991,828
Contract hours, direct-care Median	35,559.00 22,725	49,526.75 23,018.5	45,082.00 24,503.48	53,328.00 25,026.5	-- 33,786
Contract wages, direct-care Median	68.55 64.67	30.36 64.53	28.20 65.06	34.12 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.