As of the July, 2022, release via CMS

WADLEY REGIONAL MEDICAL CENTER

CMS id: 450200
100 PINE STREET, TEXARKANA TX 75501. County: BOWIE
System: STEWARD HEALTHCARE INC.
CBSA: Texarkana, TX-AR

The 185-bed, acute-care hospital had $-11,404,639 in net service to patients*, with a total profit margin of -4.64176% in fiscal year 2021, the latest year available.
It spent 6.43% of its operating expenses on uncompensated care and reported $48,211 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	forprofit	forprofit	forprofit	forprofit	forprofit
Acute beds Median	159 118	159 118	159 119.5	159 118	159 119
Total beds Median	199 162	199 162	199 162	199 162	185 163.5
FTEs Median	694.63 788.06	718.09 793.42	657.92 806.03	557.90 787.61	541.38 804.34

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	109,012,495 150,932,746	100,843,503 158,950,878	96,330,369 168,696,998	90,645,335 163,454,693	86,465,495 186,589,412
Operating expenses Median	105,321,751 149,311,209	108,731,350 156,110,414	101,414,310 164,890,568	93,501,804 166,516,854	97,870,134 180,120,888
Net income from service 2 patients (NS2P) ? Median	3,690,744 -964,173	-7,887,847 -643,601.5	-5,083,941 -116,254	-2,856,469 -5,025,862	-11,404,639 -1,284,564
NS2P margin ? Median	3.39% -0.62	-7.82% -0.29	-5.28% 0.18	-3.15% -5.07	-13.19% -0.88

Range* of Net Service to Patient (NS2P) margins

= NS2P margin for WADLEY 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	1,993,357 5,089,215	1,499,355 4,572,541	1,053,857 5,268,134	14,239,678 13,092,619	7,063,258 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	29,028 299,524	28,887 188,688.5	3,385 370,813	2,458 309,361.5	2,517 375,329
⊳ 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	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	921,210	690,855	441,576	320,957	258,807
⊳ Line 15: Revenue from rental of living quarters	0	0	0	0	0
⊳ Line 16: Revenue from sale of medical and surgical supplies	5,743	430	78,366	18,311	34,714
⊳ 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	180	3,230	842	1,232	380
⊳ Line 19: Tuition (fees, sale of textbooks, uniforms, etc.)	29,252	31,452	0	0	0
⊳ Line 20: Revenue from gifts, flowers, coffee shops, canteen	0	0	0	0	0
⊳ Line 21: Rental of vending machines	36,547	28,684	33,894	11,262	0
⊳ Line 22: Rental of hospital space	375,847	22,852	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	595,550	692,965	495,794	13,885,458	6,766,840
Total income ? Median	5,684,101 6,586,430	-6,388,492 6,767,106	-4,030,084 8,419,950	11,383,209 8,094,175	-4,341,381 15,162,888
Non-operating expenses Median	69,904 146,289.5	-796 164,857	0 89,880.5	0 106,761	0 31,473.5
Net income Median	5,614,197 6,043,842	-6,387,696 5,845,112	-4,030,084 7,606,259	11,383,209 7,283,041	-4,341,381 14,957,241
Net margin Median	5.05757% 4.62%	-6.24147% 4.42%	-4.13833% 5.16%	10.85304% 5.2%	-4.64176% 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 WADLEY 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	28,286,759 23,241,334	26,442,182 23,709,545	24,328,235 24,248,380	23,669,396 22,858,541	22,325,631 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	26,990,825 21,577,146	25,200,758 22,041,594	23,013,347 22,722,063	23,281,570 21,570,441	22,325,631 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	1,295,934 1,845,420	1,241,424 1,757,392	1,314,888 1,738,842	387,826 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	11,104,253 11,160,864	11,028,894 11,987,345	10,233,199 12,926,866	7,775,355 11,884,480	7,563,342 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	11,104,253 10,918,923	11,028,894 11,706,976	10,233,199 12,615,917	7,775,355 11,458,116	7,563,342 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	934,817 3,284,314	975,997 3,250,551	978,186 3,386,837	1,037,732 3,360,806	934,089 3,508,953
Disproportionate-share hospital (DSH) Median	1,150,499 594,888	1,051,198 595,761	976,724 577,894	920,390 542,168	1,014,907 549,667
Outlier Median	534,486 582,572	705,867 538,116	50,919 212,434	36,763 126,559	5,018 139,139

Uncompensated care

Item	2017	2018	2019	2020	2021
Medicaid shortfall Median	1,493,864 3,662,910	0 3,730,911	7,987 4,081,319	8,415 4,643,908	48,211 4,389,147
Charity care Median	1,799,505 2,654,636	2,861,850 2,940,659	5,135,235 3,380,215	4,140,687 3,488,738	4,577,836 3,233,405
Uncompensated care (UCC) Median	5,165,886 5,147,790	6,729,855 5,337,617	7,350,462 5,711,082	6,793,845 5,923,418	6,289,923 5,508,107
UCC as a % of operating expenses Median	4.90% 3.24	6.19% 3.12	7.25% 3.21	7.27% 3.3	6.43% 2.86
Total shortfall/UCC Median	6,659,750 9,489,989	6,729,855 9,424,297	7,358,449 10,120,158	6,802,260 11,171,337	6,338,134 10,133,851

Labor costs

	2017	2018	2019	2020	2021
Total salaries Median	36,825,902 52,142,039	38,864,575 54,485,252	37,356,033 57,395,589	32,717,491 58,830,919	33,782,928 61,722,907
Salaries as a % of operating expenses Median	34.97 36.68	35.74 36.56	36.84 36.37	34.99 35.93	34.52 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	867,670 1,251,927	812,660 1,186,494	826,853 1,204,885	907,927 1,279,653	897,336 1,469,317
Contract adjusted salaries, direct-care Median	4,819,477 1,449,244	3,136,319 1,475,986	2,256,550 1,563,078	671,980 1,721,954	850,945 2,991,828
Contract hours, direct-care Median	94,688.00 22,725	46,614.00 23,018.5	51,033.32 24,503.48	6,055.00 25,026.5	6,089.00 33,786
Contract wages, direct-care Median	50.90 64.67	67.28 64.53	44.22 65.06	110.98 68.97	139.75 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.