As of the July, 2022, release via CMS

PHOENIXVILLE HOSPITAL

CMS id: 390127
140 NUTT ROAD, PHOENIXVILLE PA 19460. County: CHESTER
System: TOWER HEALTH
CBSA: Philadelphia-Camden-Wilmington, PA-NJ-DE-MD

The 144-bed, acute-care hospital had $-22,421,255 in net service to patients*, with a total profit margin of -28.47891% in fiscal year 2021, the latest year available.
It spent 1.89% 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	273	365	366	365
Ownership	forprofit	nfp	nfp	nfp	nfp
Acute beds Median	98 118	97 118	95 119.5	102 118	102 119
Total beds Median	140 162	139 162	137 162	144 162	144 163.5
FTEs Median	664.12 788.06	654.27 793.42	691.73 806.03	712.15 787.61	646.69 804.34

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	156,176,457 150,932,746	118,048,962 158,950,878	132,590,744 168,696,998	128,062,636 163,454,693	152,327,755 186,589,412
Operating expenses Median	155,059,914 149,311,209	121,940,006 156,110,414	174,944,606 164,890,568	174,931,360 166,516,854	174,749,010 180,120,888
Net income from service 2 patients (NS2P) ? Median	1,116,543 -964,173	-3,891,044 -643,601.5	-42,353,862 -116,254	-46,868,724 -5,025,862	-22,421,255 -1,284,564
NS2P margin ? Median	0.71% -0.62	-3.30% -0.29	-31.94% 0.18	-36.60% -5.07	-14.72% -0.88

Range* of Net Service to Patient (NS2P) margins

= NS2P margin for PHOENIXVILLE 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	3,041,078 5,089,215	2,325,680 4,572,541	3,860,427 5,268,134	10,989,141 13,092,619	12,133,546 12,369,236
⊳ Line 6: Contributions ? ⊳ Median	0 224,999	0 199,009	0 206,870.5	107,359 194,343	139,306 249,496
⊳ 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	391,788	384,743	355,909
⊳ 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	0	0	620,067	539,531	441,385
⊳ 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	762	3,280	768	1,221
⊳ 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	2,598	3,660	6,994
⊳ Line 22: Rental of hospital space	0	1,261,275	1,959,792	1,979,377	2,316,057
⊳ Line 23: Gov appropriations ? ⊳ Median	0 1,017,693	0 983,261.5	585,193 1,173,286	0 1,987,202	0 1,597,664
⊳ Sum Line 24	3,041,078	1,063,643	297,709	7,973,703	8,872,674
Total income ? Median	4,157,621 6,586,430	-1,565,364 6,767,106	-38,493,435 8,419,950	-35,879,583 8,094,175	-10,287,709 15,162,888
Non-operating expenses Median	0 146,289.5	560,890 164,857	2 89,880.5	2 106,761	36,549,081 31,473.5
Net income Median	4,157,621 6,043,842	-2,126,254 5,845,112	-38,493,437 7,606,259	-35,879,585 7,283,041	-46,836,790 14,957,241
Net margin Median	2.61128% 4.62%	-1.76636% 4.42%	-28.21041% 5.16%	-25.80304% 5.2%	-28.47891% 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 PHOENIXVILLE 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	27,345,586 23,241,334	19,917,787 23,709,545	25,490,402 24,248,380	26,169,395 22,858,541	26,391,630 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	24,653,544 21,577,146	18,104,736 22,041,594	22,156,377 22,722,063	22,787,304 21,570,441	22,786,722 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	2,692,042 3,535,627	1,813,051 3,746,588	3,334,025 3,782,288	3,382,091 3,865,578	3,604,908 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	15,991,652 11,160,864	12,098,422 11,987,345	17,049,442 12,926,866	17,250,961 11,884,480	18,644,270 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	15,991,652 10,918,923	12,098,422 11,706,976	17,049,442 12,615,917	17,250,961 11,458,116	18,644,270 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	858,077 3,284,314	853,301 3,250,551	1,363,816 3,386,837	1,349,619 3,360,806	1,230,730 3,508,953
Disproportionate-share hospital (DSH) Median	376,943 594,888	201,011 595,761	312,927 577,894	361,340 542,168	304,284 549,667
Outlier Median	906,007 582,572	379,736 538,116	299,269 212,434	81,940 126,559	167,600 139,139

Uncompensated care

Item	2017	2018	2019	2020	2021
Medicaid shortfall Median	0 3,662,910	0 3,730,911	14,832,852 4,081,319	0 4,643,908	0 4,389,147
Charity care Median	764,976 2,654,636	135,671 2,940,659	1,787,284 3,380,215	734,848 3,488,738	679,604 3,233,405
Uncompensated care (UCC) Median	1,677,876 5,147,790	275,344 5,337,617	3,875,487 5,711,082	3,591,410 5,923,418	3,306,745 5,508,107
UCC as a % of operating expenses Median	1.08% 3.24	0.23% 3.12	2.22% 3.21	2.05% 3.3	1.89% 2.86
Total shortfall/UCC Median	1,677,876 9,489,989	275,344 9,424,297	18,708,339 10,120,158	3,591,410 11,171,337	3,306,745 10,133,851

Labor costs

	2017	2018	2019	2020	2021
Total salaries Median	47,864,137 52,142,039	37,621,360 54,485,252	51,617,092 57,395,589	53,159,164 58,830,919	51,241,490 61,722,907
Salaries as a % of operating expenses Median	30.87 36.68	30.85 36.56	29.50 36.37	30.39 35.93	29.32 35.24
Intern, resident salaries* Median	314,496 2,598,592	388,905 2,686,824	559,089 2,753,773	489,250 2,937,156	538,833 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	1,136,060 1,449,244	872,263 1,475,986	631,601 1,563,078	1,206,963 1,721,954	972,420 2,991,828
Contract hours, direct-care Median	11,719.00 22,725	9,622.00 23,018.5	6,649.65 24,503.48	13,612.66 25,026.5	11,437.85 33,786
Contract wages, direct-care Median	96.94 64.67	90.65 64.53	94.98 65.06	88.66 68.97	85.02 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.