As of the July, 2022, release via CMS

BAPTIST MEM HOSPITAL MEMPHIS

CMS id: 440048
6019 WALNUT GROVE ROAD, MEMPHIS TN 38120. County: SHELBY
System: BAPTIST MEMORIAL HEALTHCARE CORPORAT
CBSA: Memphis, TN-MS-AR

The 848-bed, acute-care hospital had $-24,545,045 in net service to patients*, with a total profit margin of 1.57616% in fiscal year 2021, the latest year available.
It spent 5.17% of its operating expenses on uncompensated care and reported $22,923,040 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	652 118	629 118	650 119.5	629 118	667 119
Total beds Median	807 162	770 162	793 162	785 162	848 163.5
FTEs Median	3,563.03 788.06	3,619.32 793.42	3,691.42 806.03	3,659.40 787.61	3,671.25 804.34

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	721,231,984 150,932,746	727,571,570 158,950,878	721,915,504 168,696,998	720,821,205 163,454,693	759,330,960 186,589,412
Operating expenses Median	658,550,341 149,311,209	681,120,242 156,110,414	703,815,238 164,890,568	737,370,832 166,516,854	783,876,005 180,120,888
Net income from service 2 patients (NS2P) ? Median	62,681,643 -964,173	46,451,328 -643,601.5	18,100,266 -116,254	-16,549,627 -5,025,862	-24,545,045 -1,284,564
NS2P margin ? Median	8.69% -0.62	6.38% -0.29	2.51% 0.18	-2.30% -5.07	-3.23% -0.88

Range* of Net Service to Patient (NS2P) margins

= NS2P margin for BAPTIST MEM HOSPITAL MEMPHIS 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	37,751,620 5,089,215	36,764,101 4,572,541	38,301,272 5,268,134	72,916,028 13,092,619	57,259,532 12,369,236
⊳ Line 6: Contributions ? ⊳ Median	1,415,111 224,999	818,713 199,009	1,506,645 206,870.5	1,400,413 194,343	3,460,133 249,496
⊳ Line 7: Investments ? ⊳ Median	753,310 299,524	889,251 188,688.5	1,177,161 370,813	1,206,806 309,361.5	1,039,063 375,329
⊳ 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	0	0	0
⊳ Line 12: Parking lot receipts	104,722	120,093	117,726	75,346	56,015
⊳ Line 13: Revenue from laundry and linen service	0	0	0	0	0
⊳ Line 14: Revenue from meals sold to emplyees and guests	3,723,316	3,829,191	4,216,031	3,623,840	3,492,097
⊳ Line 15: Revenue from rental of living quarters	411,394	430,374	446,139	347,646	65,354
⊳ 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	35,659	0	0	0	0
⊳ Line 19: Tuition (fees, sale of textbooks, uniforms, etc.)	11,471,078	12,023,350	11,869,615	10,923,686	11,191,071
⊳ Line 20: Revenue from gifts, flowers, coffee shops, canteen	1,000,492	989,094	1,018,602	748,231	603,729
⊳ Line 21: Rental of vending machines	0	0	0	0	0
⊳ Line 22: Rental of hospital space	0	0	2,531,275	3,050,835	2,925,620
⊳ 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	18,836,538	17,664,035	15,418,078	51,539,225	34,426,450
Total income ? Median	100,433,263 6,586,430	83,215,429 6,767,106	56,401,538 8,419,950	56,366,401 8,094,175	32,714,487 15,162,888
Non-operating expenses Median	94,392,533 146,289.5	81,672,074 164,857	16,468,074 89,880.5	17,849,142 106,761	19,843,676 31,473.5
Net income Median	6,040,730 6,043,842	1,543,355 5,845,112	39,933,464 7,606,259	38,517,259 7,283,041	12,870,811 14,957,241
Net margin Median	0.79590% 4.62%	0.20192% 4.42%	5.25290% 5.16%	4.85265% 5.2%	1.57616% 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 BAPTIST MEM HOSPITAL MEMPHIS 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	170,401,000 23,241,334	174,902,758 23,709,545	196,590,670 24,248,380	187,792,351 22,858,541	187,256,111 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	170,401,000 21,577,146	174,902,758 22,041,594	196,590,670 22,722,063	187,792,351 21,570,441	187,256,111 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	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	56,262,731 11,160,864	57,536,013 11,987,345	59,014,456 12,926,866	57,245,730 11,884,480	59,497,741 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	56,262,731 10,918,923	57,536,013 11,706,976	59,014,456 12,615,917	57,245,730 11,458,116	59,497,741 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	7,444,773 3,284,314	7,848,397 3,250,551	8,870,192 3,386,837	8,575,972 3,360,806	7,891,757 3,508,953
Disproportionate-share hospital (DSH) Median	4,351,038 594,888	5,564,695 595,761	6,245,276 577,894	5,852,491 542,168	5,458,990 549,667
Outlier Median	5,221,809 582,572	4,946,883 538,116	386,857 212,434	329,126 126,559	550,709 139,139

Uncompensated care

Item	2017	2018	2019	2020	2021
Medicaid shortfall Median	28,800,735 3,662,910	39,394,277 3,730,911	36,127,139 4,081,319	16,997,745 4,643,908	22,923,040 4,389,147
Charity care Median	20,463,498 2,654,636	19,467,652 2,940,659	21,808,085 3,380,215	27,066,313 3,488,738	29,787,594 3,233,405
Uncompensated care (UCC) Median	34,761,548 5,147,790	30,007,249 5,337,617	32,256,441 5,711,082	39,738,902 5,923,418	40,510,896 5,508,107
UCC as a % of operating expenses Median	5.28% 3.24	4.41% 3.12	4.58% 3.21	5.39% 3.3	5.17% 2.86
Total shortfall/UCC Median	63,562,283 9,489,989	69,401,526 9,424,297	68,383,580 10,120,158	56,736,647 11,171,337	63,433,936 10,133,851

Labor costs

	2017	2018	2019	2020	2021
Total salaries Median	214,161,078 52,142,039	219,518,560 54,485,252	226,159,105 57,395,589	232,539,797 58,830,919	247,939,910 61,722,907
Salaries as a % of operating expenses Median	32.52 36.68	32.23 36.56	32.13 36.37	31.54 35.93	31.63 35.24
Intern, resident salaries* Median	1,295,866 2,598,592	1,396,893 2,686,824	1,825,950 2,753,773	2,168,294 2,937,156	2,910,870 2,909,848
Contract intern, resident salaries* Median	3,117,819 1,251,927	2,993,453 1,186,494	3,533,713 1,204,885	3,476,821 1,279,653	3,476,821 1,469,317
Contract adjusted salaries, direct-care Median	5,757,749 1,449,244	10,394,295 1,475,986	11,467,029 1,563,078	4,112,313 1,721,954	3,696,103 2,991,828
Contract hours, direct-care Median	62,472.88 22,725	210,873.00 23,018.5	215,964.00 24,503.48	106,597.63 25,026.5	96,933.39 33,786
Contract wages, direct-care Median	92.16 64.67	49.29 64.53	53.10 65.06	38.58 68.97	38.13 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.