As of the July, 2022, release via CMS

HOLY REDEEMER HOSPITAL

CMS id: 390097
1648 HUNTINGTON PIKE, MEADOWBROOK PA 19046. County: MONTGOMERY
System: HOLY REDEEMER INC.
CBSA: Philadelphia-Camden-Wilmington, PA-NJ-DE-MD

The 260-bed, acute-care hospital had $-22,761,848 in net service to patients*, with a total profit margin of 4.16916% in fiscal year 2021, the latest year available.
It spent 0.78% of its operating expenses on uncompensated care and reported $11,103,029 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	156 118	156 118	159 119.5	159 118	159 119
Total beds Median	254 162	254 162	260 162	260 162	260 163.5
FTEs Median	1,214.62 788.06	1,247.38 793.42	1,214.07 806.03	1,245.27 787.61	1,191.12 804.34

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	180,940,399 150,932,746	153,089,181 158,950,878	169,363,953 168,696,998	196,299,288 163,454,693	205,209,622 186,589,412
Operating expenses Median	186,550,251 149,311,209	168,014,426 156,110,414	180,815,828 164,890,568	217,260,011 166,516,854	227,971,470 180,120,888
Net income from service 2 patients (NS2P) ? Median	-5,609,852 -964,173	-14,925,245 -643,601.5	-11,451,875 -116,254	-20,960,723 -5,025,862	-22,761,848 -1,284,564
NS2P margin ? Median	-3.10% -0.62	-9.75% -0.29	-6.76% 0.18	-10.68% -5.07	-11.09% -0.88

Range* of Net Service to Patient (NS2P) margins

= NS2P margin for HOLY REDEEMER 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	18,316,535 5,089,215	15,463,802 4,572,541	14,819,933 5,268,134	24,673,036 13,092,619	32,679,837 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	0 299,524	0 188,688.5	4,529,461 370,813	750,483 309,361.5	8,331,587 375,329
⊳ Line 8: Revenue from telephone service	NULL	NULL	NULL	NULL	NULL
⊳ Line 9: Revenue from tv and radio	--	--	1,645	13,--46	511
⊳ Line 10: Purchase discounts	0	0	106,513	284,670	171,735
⊳ Line 11: Rebates and refunds of expenses	0	0	0	0	0
⊳ Line 12: Parking lot receipts	0	0	156,390	207,886	171,763
⊳ Line 13: Revenue from laundry and linen service	0	0	0	0	0
⊳ Line 14: Revenue from meals sold to emplyees and guests	0	0	545,726	468,239	393,430
⊳ 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	18,316,535	15,463,802	8,549,311	22,132,262	22,817,605
Total income ? Median	12,706,683 6,586,430	538,557 6,767,106	3,368,058 8,419,950	3,712,313 8,094,175	9,917,989 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	12,706,683 6,043,842	538,557 5,845,112	3,368,058 7,606,259	3,712,313 7,283,041	9,917,989 14,957,241
Net margin Median	6.37703% 4.62%	0.31952% 4.42%	1.82864% 5.16%	1.67999% 5.2%	4.16916% 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 HOLY REDEEMER 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	32,660,148 23,241,334	32,977,371 23,709,545	31,756,640 24,248,380	30,139,879 22,858,541	30,958,741 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	26,934,534 21,577,146	26,442,053 22,041,594	25,127,763 22,722,063	24,048,913 21,570,441	25,165,746 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	4,131,340 1,845,420	5,117,384 1,757,392	5,075,736 1,738,842	4,609,164 1,510,463	3,956,737 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	1,594,274 1,203,033	1,417,934 1,215,295	1,553,141 1,313,657	1,481,802 1,365,298	1,836,258 1,179,746
All outpatient revenue Median Click here to show/hide details	18,955,273 11,160,864	18,964,763 11,987,345	20,467,276 12,926,866	20,149,026 11,884,480	19,854,908 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	8,915,475 10,918,923	9,405,079 11,706,976	11,062,209 12,615,917	11,348,533 11,458,116	10,876,629 12,776,716
⊳ Home Health agencies (HHA) ⊳ Median	10,039,798 1,282,808	9,559,684 1,407,728	9,405,067 1,341,512	8,800,493 1,407,046	8,978,279 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	114,445 3,284,314	110,427 3,250,551	105,807 3,386,837	97,782 3,360,806	91,852 3,508,953
Disproportionate-share hospital (DSH) Median	1,188,228 594,888	1,209,331 595,761	1,161,983 577,894	1,051,398 542,168	1,118,743 549,667
Outlier Median	107,925 582,572	332,660 538,116	437,683 212,434	261,406 126,559	293,970 139,139

Uncompensated care

Item	2017	2018	2019	2020	2021
Medicaid shortfall Median	7,017,503 3,662,910	9,222,836 3,730,911	9,601,780 4,081,319	9,568,408 4,643,908	11,103,029 4,389,147
Charity care Median	733,216 2,654,636	540,509 2,940,659	1,756,252 3,380,215	1,215,722 3,488,738	544,086 3,233,405
Uncompensated care (UCC) Median	2,949,928 5,147,790	2,395,687 5,337,617	3,113,299 5,711,082	2,593,645 5,923,418	1,787,550 5,508,107
UCC as a % of operating expenses Median	1.58% 3.24	1.43% 3.12	1.72% 3.21	1.19% 3.3	0.78% 2.86
Total shortfall/UCC Median	9,967,431 9,489,989	11,618,523 9,424,297	12,715,079 10,120,158	12,162,053 11,171,337	12,890,579 10,133,851

Labor costs

	2017	2018	2019	2020	2021
Total salaries Median	75,098,962 52,142,039	77,290,300 54,485,252	80,081,578 57,395,589	80,943,252 58,830,919	80,440,557 61,722,907
Salaries as a % of operating expenses Median	40.26 36.68	39.60 36.56	39.75 36.37	38.35 35.93	36.41 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	103,800 1,251,927	97,979 1,186,494	105,867 1,204,885	90,404 1,279,653	108,186 1,469,317
Contract adjusted salaries, direct-care Median	890,804 1,449,244	422,397 1,475,986	845,490 1,563,078	90,404 1,721,954	1,402,725 2,991,828
Contract hours, direct-care Median	13,584.00 22,725	6,679.00 23,018.5	12,938.00 24,503.48	1,664.00 25,026.5	16,218.00 33,786
Contract wages, direct-care Median	65.58 64.67	63.24 64.53	65.35 65.06	54.33 68.97	86.49 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.