As of the July, 2022, release via CMS

WACCAMAW COMMUNITY HOSPITAL

CMS id: 420098
4070 HIGHWAY 17, MURRELLS INLET SC 29576. County: GEORGETOWN
System: --
CBSA: Georgetown, SC

The 116-bed, acute-care hospital had $21,313,437 in net service to patients*, with a total profit margin of 17.62141% in fiscal year 2021, the latest year available.
It spent 4.24% 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	365	365	366	365
Ownership	nfp	nfp	nfp	nfp	nfp
Acute beds Median	116 118	116 118	116 119.5	116 118	108 119
Total beds Median	167 162	124 162	124 162	124 162	116 163.5
FTEs Median	543.80 788.06	567.02 793.42	505.72 806.03	505.26 787.61	530.62 804.34

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	153,358,936 150,932,746	164,468,073 158,950,878	161,904,571 168,696,998	159,230,592 163,454,693	188,987,961 186,589,412
Operating expenses Median	151,672,647 149,311,209	158,787,614 156,110,414	154,419,757 164,890,568	148,387,970 166,516,854	167,674,524 180,120,888
Net income from service 2 patients (NS2P) ? Median	1,686,289 -964,173	5,680,459 -643,601.5	7,484,814 -116,254	10,842,622 -5,025,862	21,313,437 -1,284,564
NS2P margin ? Median	1.10% -0.62	3.45% -0.29	4.62% 0.18	6.81% -5.07	11.28% -0.88

Range* of Net Service to Patient (NS2P) margins

= NS2P margin for WACCAMAW COMMUNITY 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	-1,686,491 5,089,215	4,395,385 4,572,541	6,352,912 5,268,134	17,518,442 13,092,619	14,553,422 12,369,236
⊳ Line 6: Contributions ? ⊳ Median	0 224,999	0 199,009	0 206,870.5	34,261 194,343	0 249,496
⊳ Line 7: Investments ? ⊳ Median	2,617 299,524	51,106 188,688.5	21,291 370,813	0 309,361.5	4,253 375,329
⊳ Line 8: Revenue from telephone service	NULL	NULL	NULL	NULL	NULL
⊳ Line 9: Revenue from tv and radio	--	--	--	614	--
⊳ Line 10: Purchase discounts	2,665	3,390	3,585	0	2,008
⊳ Line 11: Rebates and refunds of expenses	0	0	0	0	0
⊳ 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	363,442	378,927	402,288	292,880	281,031
⊳ 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	2,846,372	2,340,645	1,846,156	2,055,364	1,900,311
⊳ Line 18: Revenue from sale of medical records and abstracts	0	81	0	322	69
⊳ Line 19: Tuition (fees, sale of textbooks, uniforms, etc.)	0	0	0	0	0
⊳ Line 20: Revenue from gifts, flowers, coffee shops, canteen	44,308	39,804	56,382	25,104	4,137
⊳ Line 21: Rental of vending machines	0	0	0	0	0
⊳ Line 22: Rental of hospital space	872,543	1,052,797	2,310,992	4,928,640	5,182,704
⊳ 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	-5,818,438	528,635	1,712,218	10,181,257	7,178,909
Total income ? Median	-202 6,586,430	10,075,844 6,767,106	13,837,726 8,419,950	28,361,064 8,094,175	35,866,859 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	-202 6,043,842	10,075,844 5,845,112	13,837,726 7,606,259	28,361,064 7,283,041	35,866,859 14,957,241
Net margin Median	-0.00013% 4.62%	5.96686% 4.42%	8.22414% 5.16%	16.04595% 5.2%	17.62141% 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 WACCAMAW COMMUNITY 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	41,025,410 23,241,334	44,024,864 23,709,545	34,080,971 24,248,380	32,239,281 22,858,541	30,807,248 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	28,172,759 21,577,146	31,062,434 22,041,594	34,080,971 22,722,063	32,239,281 21,570,441	30,807,248 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	12,852,651 3,535,627	12,962,430 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	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	16,928,213 11,160,864	17,659,548 11,987,345	17,987,651 12,926,866	17,764,464 11,884,480	20,535,923 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	16,928,213 10,918,923	17,659,548 11,706,976	17,987,651 12,615,917	17,764,464 11,458,116	20,535,923 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	1,669,775 3,250,551	2,722,246 3,386,837	3,221,480 3,360,806	3,231,105 3,508,953
Disproportionate-share hospital (DSH) Median	178,973 594,888	172,380 595,761	182,336 577,894	205,228 542,168	243,090 549,667
Outlier Median	398,791 582,572	791,954 538,116	53,696 212,434	36,080 126,559	111,823 139,139

Uncompensated care

Item	2017	2018	2019	2020	2021
Medicaid shortfall Median	0 3,662,910	743,607 3,730,911	0 4,081,319	0 4,643,908	0 4,389,147
Charity care Median	5,704,071 2,654,636	5,731,466 2,940,659	4,820,808 3,380,215	4,179,282 3,488,738	4,111,751 3,233,405
Uncompensated care (UCC) Median	10,900,039 5,147,790	10,265,913 5,337,617	8,894,434 5,711,082	7,584,178 5,923,418	7,106,036 5,508,107
UCC as a % of operating expenses Median	7.19% 3.24	6.47% 3.12	5.76% 3.21	5.11% 3.3	4.24% 2.86
Total shortfall/UCC Median	10,900,039 9,489,989	11,009,520 9,424,297	8,894,434 10,120,158	7,584,178 11,171,337	7,106,036 10,133,851

Labor costs

	2017	2018	2019	2020	2021
Total salaries Median	33,640,356 52,142,039	34,088,744 54,485,252	31,968,811 57,395,589	31,710,809 58,830,919	38,944,501 61,722,907
Salaries as a % of operating expenses Median	22.18 36.68	21.47 36.56	20.70 36.37	21.37 35.93	23.23 35.24
Intern, resident salaries* Median	202,064 2,598,592	789,668 2,686,824	1,246,958 2,753,773	1,642,920 2,937,156	1,737,465 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	710,358 1,449,244	746,791 1,475,986	2,311,389 1,563,078	1,887,943 1,721,954	5,586,179 2,991,828
Contract hours, direct-care Median	16,601.29 22,725	10,678.00 23,018.5	38,322.38 24,503.48	30,453.00 25,026.5	65,730.00 33,786
Contract wages, direct-care Median	42.79 64.67	69.94 64.53	60.31 65.06	62.00 68.97	84.99 88.94

* in an approved program

Return to top

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.