As of the July, 2022, release via CMS

QUAKERTOWN COMMUNITY HOSPITAL

CMS id: 390035
1021 PARK AVENUE, QUAKERTOWN PA 18951. County: BUCKS
System: --
CBSA: Philadelphia-Camden-Wilmington, PA-NJ-DE-MD

The 79-bed, acute-care hospital had $6,299,310 in net service to patients*, with a total profit margin of 10.91413% in fiscal year 2021, the latest year available.
It spent 2.77% of its operating expenses on uncompensated care and reported $2,934,143 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	62 118	62 118	62 119.5	49 118	50 119
Total beds Median	62 162	62 162	62 162	59 162	79 163.5
FTEs Median	399.00 788.06	410.13 793.42	446.74 806.03	479.14 787.61	517.08 804.34

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	73,389,469 150,932,746	83,109,883 158,950,878	85,344,981 168,696,998	87,984,061 163,454,693	105,164,297 186,589,412
Operating expenses Median	66,393,653 149,311,209	71,838,655 156,110,414	71,989,503 164,890,568	82,287,861 166,516,854	98,864,987 180,120,888
Net income from service 2 patients (NS2P) ? Median	6,995,816 -964,173	11,271,228 -643,601.5	13,355,478 -116,254	5,696,200 -5,025,862	6,299,310 -1,284,564
NS2P margin ? Median	9.53% -0.62	13.56% -0.29	15.65% 0.18	6.47% -5.07	5.99% -0.88

Range* of Net Service to Patient (NS2P) margins

= NS2P margin for QUAKERTOWN COMMUNITY 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	886,634 5,089,215	788,563 4,572,541	787,722 5,268,134	2,626,689 13,092,619	5,845,752 12,369,236
⊳ Line 6: Contributions ? ⊳ Median	775 224,999	950 199,009	0 206,870.5	16,109 194,343	14,675 249,496
⊳ Line 7: Investments ? ⊳ Median	0 299,524	0 188,688.5	0 370,813	0 309,361.5	0 375,329
⊳ 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	182,828	191,079	202,516	174,527	129,812
⊳ 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	7,101	20,901
⊳ 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	16,713	0	19,884	28,734	32,928
⊳ Line 21: Rental of vending machines	0	0	0	0	0
⊳ Line 22: Rental of hospital space	398,819	410,092	372,786	333,698	203,513
⊳ Line 23: Gov appropriations ? ⊳ Median	19,711 1,017,693	0 983,261.5	0 1,173,286	0 1,987,202	0 1,597,664
⊳ Sum Line 24	258,163	186,442	192,536	2,066,520	5,443,923
Total income ? Median	7,882,450 6,586,430	12,059,791 6,767,106	14,143,200 8,419,950	8,322,889 8,094,175	12,145,062 15,162,888
Non-operating expenses Median	3,273 146,289.5	21,203 164,857	1,250,883 89,880.5	2,474,706 106,761	29,282 31,473.5
Net income Median	7,879,177 6,043,842	12,038,588 5,845,112	12,892,317 7,606,259	5,848,183 7,283,041	12,115,780 14,957,241
Net margin Median	10.60796% 4.62%	14.34900% 4.42%	14.96797% 5.16%	6.45418% 5.2%	10.91413% 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 QUAKERTOWN COMMUNITY 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	10,548,935 23,241,334	10,708,611 23,709,545	13,169,469 24,248,380	12,887,468 22,858,541	16,161,194 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	10,548,935 21,577,146	10,708,611 22,041,594	13,169,469 22,722,063	12,887,468 21,570,441	16,161,194 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	10,770,290 11,160,864	11,621,561 11,987,345	11,169,785 12,926,866	10,655,459 11,884,480	13,494,019 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	10,770,290 10,918,923	11,621,561 11,706,976	11,169,785 12,615,917	10,655,459 11,458,116	13,494,019 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	89,176 3,360,806	0 3,508,953
Disproportionate-share hospital (DSH) Median	276,943 594,888	282,203 595,761	384,602 577,894	397,906 542,168	438,047 549,667
Outlier Median	304,290 582,572	132,802 538,116	133,536 212,434	37,587 126,559	26,498 139,139

Uncompensated care

Item	2017	2018	2019	2020	2021
Medicaid shortfall Median	2,522,738 3,662,910	3,004,812 3,730,911	3,282,804 4,081,319	2,276,756 4,643,908	2,934,143 4,389,147
Charity care Median	1,258,867 2,654,636	1,572,895 2,940,659	1,594,746 3,380,215	1,779,216 3,488,738	2,239,110 3,233,405
Uncompensated care (UCC) Median	1,685,200 5,147,790	2,099,803 5,337,617	2,043,809 5,711,082	2,274,514 5,923,418	2,741,004 5,508,107
UCC as a % of operating expenses Median	2.54% 3.24	2.92% 3.12	2.84% 3.21	2.76% 3.3	2.77% 2.86
Total shortfall/UCC Median	4,207,938 9,489,989	5,104,615 9,424,297	5,326,613 10,120,158	4,551,270 11,171,337	5,675,147 10,133,851

Labor costs

	2017	2018	2019	2020	2021
Total salaries Median	25,950,162 52,142,039	28,136,631 54,485,252	30,527,472 57,395,589	33,448,662 58,830,919	36,875,511 61,722,907
Salaries as a % of operating expenses Median	39.06 36.68	39.13 36.56	42.38 36.37	40.61 35.93	37.25 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	144,583 1,449,244	127,545 1,475,986	364,506 1,563,078	229,882 1,721,954	113,573 2,991,828
Contract hours, direct-care Median	1,443.00 22,725	836.00 23,018.5	4,593.00 24,503.48	2,606.00 25,026.5	1,152.71 33,786
Contract wages, direct-care Median	100.20 64.67	152.57 64.53	79.36 65.06	88.21 68.97	98.53 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.