As of the July, 2022, release via CMS

SEQUOYAH MEMORIAL HOSPITAL

CMS id: 370112
213 E. REDWOOD STREET, SALLISAW OK 74955. County: SEQUOYAH
System: --
CBSA: Rural Oklahoma

The 41-bed, acute-care hospital had $3,653,380 in net service to patients*, with a total profit margin of 1.52883% in fiscal year 2021, the latest year available.
It spent 14.72% of its operating expenses on uncompensated care and reported $414,842 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	gov	gov	gov	gov	gov
Acute beds Median	41 118	41 118	41 119.5	41 118	41 119
Total beds Median	41 162	41 162	41 162	41 162	41 163.5
FTEs Median	128.14 788.06	108.56 793.42	97.49 806.03	143.43 787.61	122.54 804.34

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	16,133,050 150,932,746	16,923,452 158,950,878	14,958,979 168,696,998	17,108,021 163,454,693	16,693,995 186,589,412
Operating expenses Median	13,239,142 149,311,209	12,734,852 156,110,414	11,911,414 164,890,568	13,642,468 166,516,854	13,040,615 180,120,888
Net income from service 2 patients (NS2P) ? Median	2,893,908 -964,173	4,188,600 -643,601.5	3,047,565 -116,254	3,465,553 -5,025,862	3,653,380 -1,284,564
NS2P margin ? Median	17.94% -0.62	24.75% -0.29	20.37% 0.18	20.26% -5.07	21.88% -0.88

Range* of Net Service to Patient (NS2P) margins

= NS2P margin for SEQUOYAH MEMORIAL 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	785,074 5,089,215	747,871 4,572,541	835,848 5,268,134	975,727 13,092,619	2,466,300 12,369,236
⊳ Line 6: Contributions ? ⊳ Median	0 224,999	0 199,009	1,375 206,870.5	343 194,343	403 249,496
⊳ Line 7: Investments ? ⊳ Median	3,728 299,524	15 188,688.5	178 370,813	6,470 309,361.5	6,963 375,329
⊳ 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	53,179	38,527	30,109	3,091	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	21,370	18,851	5,831	2,075	0
⊳ 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	1,820	168	0
⊳ Line 17: Revenue from sale of drugs to other than patients	4,378	3,843	0	0	0
⊳ Line 18: Revenue from sale of medical records and abstracts	4,661	2,841	2,941	279	54
⊳ 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	323	213	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	697,758	683,794	793,271	963,088	2,458,880
Total income ? Median	3,678,982 6,586,430	4,936,471 6,767,106	3,883,413 8,419,950	4,441,280 8,094,175	6,119,680 15,162,888
Non-operating expenses Median	4,402,903 146,289.5	4,819,914 164,857	4,286,105 89,880.5	4,658,625 106,761	5,826,751 31,473.5
Net income Median	-723,921 6,043,842	116,557 5,845,112	-402,692 7,606,259	-217,345 7,283,041	292,929 14,957,241
Net margin Median	-4.27897% 4.62%	0.65958% 4.42%	-2.54952% 5.16%	-1.20188% 5.2%	1.52883% 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 SEQUOYAH MEMORIAL 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	2,158,008 23,241,334	2,102,575 23,709,545	2,348,259 24,248,380	2,560,551 22,858,541	3,219,660 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	2,158,008 21,577,146	2,102,575 22,041,594	2,348,259 22,722,063	2,560,551 21,570,441	3,219,660 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	2,243,514 11,160,864	1,823,267 11,987,345	1,530,554 12,926,866	1,444,952 11,884,480	1,269,579 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	1,810,215 10,918,923	1,398,540 11,706,976	1,184,425 12,615,917	1,230,486 11,458,116	1,104,839 12,776,716
⊳ Home Health agencies (HHA) ⊳ Median	433,299 1,282,808	424,727 1,407,728	346,129 1,341,512	214,466 1,407,046	164,740 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	44,949 594,888	19,272 595,761	43,742 577,894	34,984 542,168	41,374 549,667
Outlier Median	107,223 582,572	3,006 538,116	6,903 212,434	401 126,559	1,744 139,139

Uncompensated care

Item	2017	2018	2019	2020	2021
Medicaid shortfall Median	438,051 3,662,910	570,289 3,730,911	1,852,227 4,081,319	585,882 4,643,908	414,842 4,389,147
Charity care Median	9,642 2,654,636	10,689 2,940,659	0 3,380,215	32,942 3,488,738	113,706 3,233,405
Uncompensated care (UCC) Median	1,156,420 5,147,790	1,216,850 5,337,617	0 5,711,082	32,942 5,923,418	1,920,219 5,508,107
UCC as a % of operating expenses Median	8.73% 3.24	9.56% 3.12	0.00% 3.21	0.24% 3.3	14.72% 2.86
Total shortfall/UCC Median	1,594,471 9,489,989	1,787,139 9,424,297	1,852,227 10,120,158	618,824 11,171,337	2,335,061 10,133,851

Labor costs

	2017	2018	2019	2020	2021
Total salaries Median	5,949,592 52,142,039	4,064,835 54,485,252	4,958,637 57,395,589	6,316,760 58,830,919	5,633,418 61,722,907
Salaries as a % of operating expenses Median	44.94 36.68	31.92 36.56	41.63 36.37	46.30 35.93	43.20 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	40,232 1,449,244	39,925 1,475,986	6,569 1,563,078	0 1,721,954	33,000 2,991,828
Contract hours, direct-care Median	536.43 22,725	532.33 23,018.5	87.59 24,503.48	0.00 25,026.5	416.00 33,786
Contract wages, direct-care Median	75.00 64.67	75.00 64.53	75.00 65.06	0.00 68.97	79.33 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.