As of the July, 2022, release via CMS

ABINGTON MEMORIAL HOSPITAL

CMS id: 390231
1200 OLD YORK ROAD, ABINGTON PA 19001. County: MONTGOMERY
System: --
CBSA: Philadelphia-Camden-Wilmington, PA-NJ-DE-MD

The 634-bed, acute-care hospital had $-47,715,650 in net service to patients*, with a total profit margin of 0.80788% in fiscal year 2021, the latest year available.
It spent 1.75% of its operating expenses on uncompensated care and reported $23,709,205 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	483 118	478 118	503 119.5	499 118	499 119
Total beds Median	613 162	611 162	638 162	634 162	634 163.5
FTEs Median	3,884.00 788.06	4,032.17 793.42	4,179.80 806.03	4,395.18 787.61	4,287.62 804.34

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	797,118,535 150,932,746	829,713,968 158,950,878	752,589,200 168,696,998	721,594,149 163,454,693	789,045,199 186,589,412
Operating expenses Median	799,884,305 149,311,209	837,148,412 156,110,414	768,834,359 164,890,568	842,692,969 166,516,854	836,760,849 180,120,888
Net income from service 2 patients (NS2P) ? Median	-2,765,770 -964,173	-7,434,444 -643,601.5	-16,245,159 -116,254	-121,098,820 -5,025,862	-47,715,650 -1,284,564
NS2P margin ? Median	-0.35% -0.62	-0.90% -0.29	-2.16% 0.18	-16.78% -5.07	-6.05% -0.88

Range* of Net Service to Patient (NS2P) margins

= NS2P margin for ABINGTON 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	35,440,083 5,089,215	32,893,840 4,572,541	152,336 5,268,134	92,354,587 13,092,619	54,530,690 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	1,804,660 299,524	2,137,849 188,688.5	4,929,619 370,813	3,805,368 309,361.5	4,427,073 375,329
⊳ Line 8: Revenue from telephone service	NULL	NULL	NULL	NULL	NULL
⊳ Line 9: Revenue from tv and radio	--	--	--	--	--
⊳ Line 10: Purchase discounts	134,945	21,943	0	0	-4,848
⊳ Line 11: Rebates and refunds of expenses	0	0	0	0	0
⊳ Line 12: Parking lot receipts	2,248,332	1,882,960	1,643,801	1,159,504	785,350
⊳ Line 13: Revenue from laundry and linen service	0	0	0	0	0
⊳ Line 14: Revenue from meals sold to emplyees and guests	3,065,260	3,079,146	3,182,486	2,830,508	2,298,326
⊳ 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	248,667	134,865	22,906	26,462	38,503
⊳ Line 19: Tuition (fees, sale of textbooks, uniforms, etc.)	1,214,175	8,089	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	7,220,178	7,152,285	309,433	313,181	439,030
⊳ 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	19,503,866	18,476,703	-9,935,909	84,219,564	46,547,256
Total income ? Median	32,674,313 6,586,430	25,459,396 6,767,106	-16,092,823 8,419,950	-28,744,233 8,094,175	6,815,040 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	32,674,313 6,043,842	25,459,396 5,845,112	-16,092,823 7,606,259	-28,744,233 7,283,041	6,815,040 14,957,241
Net margin Median	3.92457% 4.62%	2.95145% 4.42%	-2.13789% 5.16%	-3.53145% 5.2%	0.80788% 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 ABINGTON 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	129,590,635 23,241,334	133,506,713 23,709,545	137,202,514 24,248,380	143,179,984 22,858,541	151,115,306 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	123,424,549 21,577,146	127,613,225 22,041,594	131,649,464 22,722,063	136,998,066 21,570,441	144,550,391 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	2,700,670 1,845,420	1,673,813 1,757,392	1,708,193 1,738,842	1,345,927 1,510,463	1,329,367 1,393,140
⊳ Inpatient rehabilitation facility (IRF) ⊳ Median	3,465,416 3,535,627	4,219,675 3,746,588	3,844,857 3,782,288	4,835,991 3,865,578	5,235,548 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	55,596,982 11,160,864	61,506,472 11,987,345	50,425,973 12,926,866	47,713,174 11,884,480	46,996,023 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	43,365,956 10,918,923	48,173,057 11,706,976	38,650,829 12,615,917	34,412,575 11,458,116	34,510,371 12,776,716
⊳ Home Health agencies (HHA) ⊳ Median	12,231,026 1,282,808	13,333,415 1,407,728	11,775,144 1,341,512	13,300,599 1,407,046	12,485,652 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	19,550,354 3,284,314	20,628,470 3,250,551	21,331,200 3,386,837	20,757,596 3,360,806	20,349,379 3,508,953
Disproportionate-share hospital (DSH) Median	1,296,361 594,888	1,415,127 595,761	1,444,573 577,894	1,735,040 542,168	1,717,397 549,667
Outlier Median	2,353,703 582,572	1,793,190 538,116	2,129,082 212,434	363,141 126,559	513,722 139,139

Uncompensated care

Item	2017	2018	2019	2020	2021
Medicaid shortfall Median	13,365,236 3,662,910	12,724,456 3,730,911	17,692,583 4,081,319	24,276,002 4,643,908	23,709,205 4,389,147
Charity care Median	6,968,231 2,654,636	7,545,392 2,940,659	14,080,137 3,380,215	12,011,307 3,488,738	9,653,205 3,233,405
Uncompensated care (UCC) Median	9,027,789 5,147,790	11,663,221 5,337,617	16,346,849 5,711,082	20,430,601 5,923,418	14,674,761 5,508,107
UCC as a % of operating expenses Median	1.13% 3.24	1.39% 3.12	2.13% 3.21	2.42% 3.3	1.75% 2.86
Total shortfall/UCC Median	22,393,025 9,489,989	24,387,677 9,424,297	34,039,432 10,120,158	44,706,603 11,171,337	38,383,966 10,133,851

Labor costs

	2017	2018	2019	2020	2021
Total salaries Median	317,650,968 52,142,039	325,337,574 54,485,252	337,168,333 57,395,589	365,090,894 58,830,919	360,868,417 61,722,907
Salaries as a % of operating expenses Median	45.49 36.68	44.88 36.56	43.85 36.37	44.40 35.93	43.64 35.24
Intern, resident salaries* Median	7,492,958 2,598,592	7,599,015 2,686,824	7,841,297 2,753,773	8,633,134 2,937,156	9,207,940 2,909,848
Contract intern, resident salaries* Median	4,189,706 1,251,927	4,330,975 1,186,494	0 1,204,885	0 1,279,653	0 1,469,317
Contract adjusted salaries, direct-care Median	6,069,301 1,449,244	4,937,666 1,475,986	0 1,563,078	1,544,379 1,721,954	4,727,643 2,991,828
Contract hours, direct-care Median	123,303.00 22,725	103,455.00 23,018.5	0.00 24,503.48	22,931.00 25,026.5	30,324.00 33,786
Contract wages, direct-care Median	49.22 64.67	47.73 64.53	0.00 65.06	67.35 68.97	155.90 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.