As of the July, 2022, release via CMS

CONWAY HOSPITAL

CMS id: 420049
300 SINGLETON RIDGE ROAD, CONWAY SC 29526. County: HORRY
System: --
CBSA: Myrtle Beach-Conway-North Myrtle Beach, SC-NC

The 166-bed, acute-care hospital had $-17,241,074 in net service to patients*, with a total profit margin of 10.96930% in fiscal year 2021, the latest year available.
It spent 9.38% of its operating expenses on uncompensated care and reported $3,309,887 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	146 118	146 118	146 119.5	146 118	146 119
Total beds Median	254 162	254 162	166 162	166 162	166 163.5
FTEs Median	1,053.67 788.06	1,041.89 793.42	970.14 806.03	1,154.80 787.61	1,283.41 804.34

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	194,037,947 150,932,746	163,359,334 158,950,878	176,458,741 168,696,998	178,089,319 163,454,693	224,647,943 186,589,412
Operating expenses Median	203,744,720 149,311,209	168,952,439 156,110,414	162,674,705 164,890,568	201,379,682 166,516,854	241,889,017 180,120,888
Net income from service 2 patients (NS2P) ? Median	-9,706,773 -964,173	-5,593,105 -643,601.5	13,784,036 -116,254	-23,290,363 -5,025,862	-17,241,074 -1,284,564
NS2P margin ? Median	-5.00% -0.62	-3.42% -0.29	7.81% 0.18	-13.08% -5.07	-7.67% -0.88

Range* of Net Service to Patient (NS2P) margins

= NS2P margin for CONWAY 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	19,415,223 5,089,215	16,931,771 4,572,541	23,285,796 5,268,134	30,532,192 13,092,619	47,043,760 12,369,236
⊳ Line 6: Contributions ? ⊳ Median	219,122 224,999	125,000 199,009	210,202 206,870.5	234,834 194,343	1,199,015 249,496
⊳ Line 7: Investments ? ⊳ Median	3,134,920 299,524	4,612,840 188,688.5	6,623,420 370,813	5,829,883 309,361.5	5,169,914 375,329
⊳ Line 8: Revenue from telephone service	NULL	NULL	NULL	NULL	NULL
⊳ Line 9: Revenue from tv and radio	16,946	16,226	--	--	--
⊳ Line 10: Purchase discounts	66,609	54,007	42,272	38,604	65,610
⊳ Line 11: Rebates and refunds of expenses	425,900	937,639	431,761	1,719,054	528,365
⊳ Line 12: Parking lot receipts	0	0	0	0	0
⊳ Line 13: Revenue from laundry and linen service	0	0	0	656,439	0
⊳ Line 14: Revenue from meals sold to emplyees and guests	740,685	792,626	770,832	0	655,105
⊳ Line 15: Revenue from rental of living quarters	0	0	0	0	0
⊳ Line 16: Revenue from sale of medical and surgical supplies	4,686	12,345	4,257	6,498	1,311
⊳ Line 17: Revenue from sale of drugs to other than patients	205,104	201,782	223,136	36,823	889,157
⊳ 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	14,601,251	10,179,306	14,979,916	22,010,057	38,535,283
Total income ? Median	9,708,450 6,586,430	11,338,666 6,767,106	37,069,832 8,419,950	7,241,829 8,094,175	29,802,686 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	9,708,450 6,043,842	11,338,666 5,845,112	37,069,832 7,606,259	7,241,829 7,283,041	29,802,686 14,957,241
Net margin Median	4.54828% 4.62%	6.28909% 4.42%	18.55862% 5.16%	3.47128% 5.2%	10.96930% 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 CONWAY 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	32,282,516 23,241,334	33,274,423 23,709,545	32,309,836 24,248,380	31,583,294 22,858,541	30,937,351 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	30,406,285 21,577,146	30,856,380 22,041,594	32,309,836 22,722,063	31,583,294 21,570,441	30,937,351 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	1,876,231 1,203,033	2,418,043 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	14,798,976 11,160,864	16,580,116 11,987,345	18,185,858 12,926,866	18,877,111 11,884,480	24,691,401 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	14,798,976 10,918,923	16,580,116 11,706,976	18,185,858 12,615,917	18,877,111 11,458,116	24,691,401 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	181,390 3,360,806	1,313,641 3,508,953
Disproportionate-share hospital (DSH) Median	1,167,223 594,888	986,839 595,761	962,769 577,894	819,059 542,168	751,094 549,667
Outlier Median	601,915 582,572	614,704 538,116	97,966 212,434	122,724 126,559	153,515 139,139

Uncompensated care

Item	2017	2018	2019	2020	2021
Medicaid shortfall Median	2,395,511 3,662,910	1,379,513 3,730,911	63,685 4,081,319	87,134 4,643,908	3,309,887 4,389,147
Charity care Median	4,675,863 2,654,636	3,497,704 2,940,659	3,868,850 3,380,215	6,192,521 3,488,738	12,031,287 3,233,405
Uncompensated care (UCC) Median	14,550,907 5,147,790	11,735,184 5,337,617	12,545,670 5,711,082	17,841,182 5,923,418	22,693,705 5,508,107
UCC as a % of operating expenses Median	7.14% 3.24	6.95% 3.12	7.71% 3.21	8.86% 3.3	9.38% 2.86
Total shortfall/UCC Median	16,946,418 9,489,989	13,114,697 9,424,297	12,609,355 10,120,158	17,928,316 11,171,337	26,003,592 10,133,851

Labor costs

	2017	2018	2019	2020	2021
Total salaries Median	57,926,117 52,142,039	58,387,593 54,485,252	55,116,980 57,395,589	81,229,712 58,830,919	96,700,189 61,722,907
Salaries as a % of operating expenses Median	36.12 36.68	35.30 36.56	34.66 36.37	40.34 35.93	39.98 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	1,067,905 1,449,244	1,300,041 1,475,986	727,550 1,563,078	1,859,443 1,721,954	4,545,642 2,991,828
Contract hours, direct-care Median	21,576.00 22,725	43,175.12 23,018.5	13,799.26 24,503.48	41,272.75 25,026.5	72,893.00 33,786
Contract wages, direct-care Median	49.50 64.67	30.11 64.53	52.72 65.06	45.05 68.97	62.36 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.