As of the July, 2022, release via CMS

PETERSON REGIONAL MEDICAL CENTER

CMS id: 450007
551 HILL COUNTRY DRIVE, KERRVILLE TX 78028. County: KERR
System: --
CBSA: Kerrville, TX

The 110-bed, acute-care hospital had $3,977,092 in net service to patients*, with a total profit margin of 21.29257% in fiscal year 2021, the latest year available.
It spent 7.90% of its operating expenses on uncompensated care and reported $84,411 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	72 118	72 118	72 119.5	72 118	72 119
Total beds Median	110 162	110 162	110 162	110 162	110 163.5
FTEs Median	787.91 788.06	780.45 793.42	787.01 806.03	806.31 787.61	850.53 804.34

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	125,677,736 150,932,746	127,219,030 158,950,878	139,615,950 168,696,998	140,874,484 163,454,693	153,201,489 186,589,412
Operating expenses Median	124,618,426 149,311,209	132,085,634 156,110,414	133,397,492 164,890,568	142,169,227 166,516,854	149,224,397 180,120,888
Net income from service 2 patients (NS2P) ? Median	1,059,310 -964,173	-4,866,604 -643,601.5	6,218,458 -116,254	-1,294,743 -5,025,862	3,977,092 -1,284,564
NS2P margin ? Median	0.84% -0.62	-3.83% -0.29	4.45% 0.18	-0.92% -5.07	2.60% -0.88

Range* of Net Service to Patient (NS2P) margins

= NS2P margin for PETERSON REGIONAL MEDICAL CENTER 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	14,943,709 5,089,215	17,751,569 4,572,541	14,126,130 5,268,134	20,884,165 13,092,619	36,392,288 12,369,236
⊳ Line 6: Contributions ? ⊳ Median	0 224,999	0 199,009	0 206,870.5	0 194,343	50,000 249,496
⊳ Line 7: Investments ? ⊳ Median	7,316,151 299,524	6,675,361 188,688.5	8,124,208 370,813	7,822,288 309,361.5	30,661,664 375,329
⊳ Line 8: Revenue from telephone service	NULL	NULL	NULL	NULL	NULL
⊳ Line 9: Revenue from tv and radio	--	--	--	--	--
⊳ Line 10: Purchase discounts	124	75	1,340	59	0
⊳ 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	0	0	14,851	24,998	23,267
⊳ 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	35,540	10,746
⊳ Line 18: Revenue from sale of medical records and abstracts	23,105	279	13,263	29,703	16,277
⊳ Line 19: Tuition (fees, sale of textbooks, uniforms, etc.)	0	0	0	0	0
⊳ Line 20: Revenue from gifts, flowers, coffee shops, canteen	193,531	0	0	0	0
⊳ Line 21: Rental of vending machines	0	0	0	0	0
⊳ Line 22: Rental of hospital space	0	0	0	161,254	140,403
⊳ 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	7,410,798	11,075,854	5,972,468	12,810,323	5,489,931
Total income ? Median	16,003,019 6,586,430	12,884,965 6,767,106	20,344,588 8,419,950	19,589,422 8,094,175	40,369,380 15,162,888
Non-operating expenses Median	0 146,289.5	-31 164,857	0 89,880.5	0 106,761	0 31,473.5
Net income Median	16,003,019 6,043,842	12,884,996 5,845,112	20,344,588 7,606,259	19,589,422 7,283,041	40,369,380 14,957,241
Net margin Median	11.38021% 4.62%	8.88801% 4.42%	13.23293% 5.16%	12.11028% 5.2%	21.29257% 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 PETERSON REGIONAL MEDICAL CENTER 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	26,997,124 23,241,334	27,277,670 23,709,545	26,209,451 24,248,380	25,719,406 22,858,541	24,904,330 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	20,664,881 21,577,146	20,233,932 22,041,594	18,732,396 22,722,063	19,085,829 21,570,441	18,589,194 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	6,332,243 3,535,627	7,043,738 3,746,588	7,477,055 3,782,288	6,633,577 3,865,578	6,315,136 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	18,191,140 11,160,864	17,759,492 11,987,345	20,386,212 12,926,866	19,617,795 11,884,480	21,202,886 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	16,413,293 10,918,923	15,740,589 11,706,976	17,746,744 12,615,917	17,322,928 11,458,116	18,952,454 12,776,716
⊳ Home Health agencies (HHA) ⊳ Median	1,777,847 1,282,808	2,018,903 1,407,728	2,639,468 1,341,512	2,294,867 1,407,046	2,250,432 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	0 594,888	0 595,761	0 577,894	109,576 542,168	0 549,667
Outlier Median	1,513,007 582,572	866,814 538,116	672,527 212,434	301,714 126,559	474,395 139,139

Uncompensated care

Item	2017	2018	2019	2020	2021
Medicaid shortfall Median	665,069 3,662,910	0 3,730,911	0 4,081,319	635,158 4,643,908	84,411 4,389,147
Charity care Median	1,730,266 2,654,636	2,417,558 2,940,659	5,430,489 3,380,215	3,777,692 3,488,738	4,948,572 3,233,405
Uncompensated care (UCC) Median	7,358,077 5,147,790	7,593,653 5,337,617	12,191,567 5,711,082	8,833,021 5,923,418	11,783,819 5,508,107
UCC as a % of operating expenses Median	5.90% 3.24	5.75% 3.12	9.14% 3.21	6.21% 3.3	7.90% 2.86
Total shortfall/UCC Median	8,023,146 9,489,989	7,593,653 9,424,297	12,191,567 10,120,158	9,468,179 11,171,337	11,868,230 10,133,851

Labor costs

	2017	2018	2019	2020	2021
Total salaries Median	50,995,532 52,142,039	46,890,507 54,485,252	49,927,328 57,395,589	53,101,593 58,830,919	56,732,593 61,722,907
Salaries as a % of operating expenses Median	38.16 36.68	35.50 36.56	37.43 36.37	37.35 35.93	38.02 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	5,725,216 1,449,244	5,026,866 1,475,986	5,036,589 1,563,078	3,167,266 1,721,954	2,708,884 2,991,828
Contract hours, direct-care Median	96,297.76 22,725	81,575.69 23,018.5	89,802.32 24,503.48	49,270.24 25,026.5	34,978.10 33,786
Contract wages, direct-care Median	59.45 64.67	61.62 64.53	56.09 65.06	64.28 68.97	77.45 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.