As of the July, 2022, release via CMS

NEWPORT HOSPITAL

CMS id: 410006
11 FRIENDSHIP STREET, NEWPORT RI 2840. County: NEWPORT
System: LIFESPAN CORPORATION
CBSA: Providence-Warwick, RI-MA

The 107-bed, acute-care hospital had $-2,275,265 in net service to patients*, with a total profit margin of 9.16128% in fiscal year 2021, the latest year available.
It spent 2.27% of its operating expenses on uncompensated care and reported $4,096,264 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	92 118	92 118	92 119.5	61 118	60 119
Total beds Median	129 162	129 162	129 162	102 162	107 163.5
FTEs Median	635.48 788.06	680.60 793.42	692.54 806.03	648.82 787.61	623.35 804.34

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	100,794,084 150,932,746	106,179,052 158,950,878	106,482,546 168,696,998	101,526,446 163,454,693	114,947,307 186,589,412
Operating expenses Median	106,204,330 149,311,209	111,270,469 156,110,414	117,104,828 164,890,568	108,564,627 166,516,854	117,222,572 180,120,888
Net income from service 2 patients (NS2P) ? Median	-5,410,246 -964,173	-5,091,417 -643,601.5	-10,622,282 -116,254	-7,038,181 -5,025,862	-2,275,265 -1,284,564
NS2P margin ? Median	-5.37% -0.62	-4.80% -0.29	-9.98% 0.18	-6.93% -5.07	-1.98% -0.88

Range* of Net Service to Patient (NS2P) margins

= NS2P margin for NEWPORT 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	7,495,161 5,089,215	7,291,732 4,572,541	9,456,894 5,268,134	8,018,181 13,092,619	14,097,410 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	1,027,077 299,524	1,090,331 188,688.5	1,113,364 370,813	1,052,112 309,361.5	1,115,024 375,329
⊳ Line 8: Revenue from telephone service	NULL	NULL	NULL	NULL	NULL
⊳ Line 9: Revenue from tv and radio	--	--	--	--	--
⊳ Line 10: Purchase discounts	22,082	24,757	15,415	0	880
⊳ Line 11: Rebates and refunds of expenses	0	0	0	0	0
⊳ Line 12: Parking lot receipts	0	0	57,431	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	414,680	327,254	307,392	312,023	128,080
⊳ Line 15: Revenue from rental of living quarters	1,006,131	977,849	871,128	846,331	831,832
⊳ 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	5,025,191	4,871,541	7,092,164	5,807,715	12,021,594
Total income ? Median	2,084,915 6,586,430	2,200,315 6,767,106	-1,165,388 8,419,950	980,000 8,094,175	11,822,145 15,162,888
Non-operating expenses Median	890,940 146,289.5	766,315 164,857	0 89,880.5	0 106,761	0 31,473.5
Net income Median	1,193,975 6,043,842	1,434,000 5,845,112	-1,165,388 7,606,259	980,000 7,283,041	11,822,145 14,957,241
Net margin Median	1.10258% 4.62%	1.26376% 4.42%	-1.00517% 5.16%	0.89461% 5.2%	9.16128% 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 NEWPORT 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	17,206,679 23,241,334	18,346,130 23,709,545	16,040,839 24,248,380	15,015,161 22,858,541	17,954,405 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	13,469,823 21,577,146	14,617,669 22,041,594	12,994,208 22,722,063	10,890,931 21,570,441	12,173,443 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	1,133,670 1,845,420	1,104,630 1,757,392	741,935 1,738,842	583,602 1,510,463	896,552 1,393,140
⊳ Inpatient rehabilitation facility (IRF) ⊳ Median	2,603,186 3,535,627	2,623,831 3,746,588	2,304,696 3,782,288	3,540,628 3,865,578	4,884,410 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	6,922,682 11,160,864	8,216,657 11,987,345	8,542,457 12,926,866	7,359,246 11,884,480	7,715,260 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	6,922,682 10,918,923	8,216,657 11,706,976	8,542,457 12,615,917	7,359,246 11,458,116	7,715,260 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	0 3,360,806	0 3,508,953
Disproportionate-share hospital (DSH) Median	247,344 594,888	292,671 595,761	230,959 577,894	174,766 542,168	234,808 549,667
Outlier Median	559,366 582,572	419,467 538,116	130,038 212,434	70,033 126,559	198,446 139,139

Uncompensated care

Item	2017	2018	2019	2020	2021
Medicaid shortfall Median	4,189,879 3,662,910	4,557,741 3,730,911	4,806,749 4,081,319	6,045,593 4,643,908	4,096,264 4,389,147
Charity care Median	1,963,166 2,654,636	1,728,916 2,940,659	2,065,860 3,380,215	2,130,446 3,488,738	1,599,134 3,233,405
Uncompensated care (UCC) Median	3,330,672 5,147,790	2,907,418 5,337,617	3,339,224 5,711,082	3,572,732 5,923,418	2,660,820 5,508,107
UCC as a % of operating expenses Median	3.14% 3.24	2.61% 3.12	2.85% 3.21	3.29% 3.3	2.27% 2.86
Total shortfall/UCC Median	7,520,551 9,489,989	7,465,159 9,424,297	8,145,973 10,120,158	9,618,325 11,171,337	6,757,084 10,133,851

Labor costs

	2017	2018	2019	2020	2021
Total salaries Median	40,608,584 52,142,039	42,151,675 54,485,252	45,872,883 57,395,589	44,769,573 58,830,919	47,569,660 61,722,907
Salaries as a % of operating expenses Median	38.11 36.68	37.17 36.56	38.47 36.37	37.69 35.93	37.98 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	863,196 1,449,244	1,091,541 1,475,986	1,161,392 1,563,078	550,442 1,721,954	1,235,187 2,991,828
Contract hours, direct-care Median	11,648.27 22,725	15,004.18 23,018.5	15,122.33 24,503.48	8,168.00 25,026.5	10,152.00 33,786
Contract wages, direct-care Median	74.11 64.67	72.75 64.53	76.80 65.06	67.39 68.97	121.67 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.