As of the July, 2022, release via CMS

PHYSICIANS SURGICAL HOSPITAL

CMS id: 450875
6819 PLUM CREEK, AMARILLO TX 79124. County: POTTER
System: AHS MANAGEMENT COMPANY INC
CBSA: Amarillo, TX

The 40-bed, acute-care hospital had $40,207,798 in net service to patients*, with a total profit margin of 40.37746% in fiscal year 2021, the latest year available.
It spent 2.06% of its operating expenses on uncompensated care and reported $550,637 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	32 118	32 118	40 119.5	40 118	40 119
Total beds Median	32 162	32 162	40 162	40 162	40 163.5
FTEs Median	209.24 788.06	206.53 793.42	198.00 806.03	196.00 787.61	216.11 804.34

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	86,522,116 150,932,746	92,021,195 158,950,878	89,710,334 168,696,998	88,067,014 163,454,693	100,412,528 186,589,412
Operating expenses Median	53,752,630 149,311,209	54,998,845 156,110,414	55,271,404 164,890,568	55,535,264 166,516,854	60,204,730 180,120,888
Net income from service 2 patients (NS2P) ? Median	32,769,486 -964,173	37,022,350 -643,601.5	34,438,930 -116,254	32,531,750 -5,025,862	40,207,798 -1,284,564
NS2P margin ? Median	37.87% -0.62	40.23% -0.29	38.39% 0.18	36.94% -5.07	40.04% -0.88

Range* of Net Service to Patient (NS2P) margins

= NS2P margin for PHYSICIANS SURGICAL 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	227,811 5,089,215	36,821 4,572,541	28,382 5,268,134	1,896,468 13,092,619	563,939 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	81,496 299,524	0 188,688.5	0 370,813	0 309,361.5	99,742 375,329
⊳ Line 8: Revenue from telephone service	NULL	NULL	NULL	NULL	NULL
⊳ Line 9: Revenue from tv and radio	--	--	--	--	--
⊳ Line 10: Purchase discounts	14,942	920	408	510	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	0	0	0
⊳ 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	0	0
⊳ Line 18: Revenue from sale of medical records and abstracts	8,142	0	547	142	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	21,118	1,695	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	102,113	34,206	27,427	1,895,816	464,197
Total income ? Median	32,997,297 6,586,430	37,059,171 6,767,106	34,467,312 8,419,950	34,428,218 8,094,175	40,771,737 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	32,997,297 6,043,842	37,059,171 5,845,112	34,467,312 7,606,259	34,428,218 7,283,041	40,771,737 14,957,241
Net margin Median	38.03726% 4.62%	40.25632% 4.42%	38.40852% 5.16%	38.26910% 5.2%	40.37746% 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 PHYSICIANS SURGICAL 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	9,059,343 23,241,334	9,496,812 23,709,545	10,032,158 24,248,380	7,271,541 22,858,541	5,058,176 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	9,059,343 21,577,146	9,496,812 22,041,594	10,032,158 22,722,063	7,271,541 21,570,441	5,058,176 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	4,972,668 11,160,864	4,647,417 11,987,345	3,452,134 12,926,866	6,614,957 11,884,480	11,124,990 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	4,972,668 10,918,923	4,647,417 11,706,976	3,452,134 12,615,917	6,614,957 11,458,116	11,124,990 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	0 3,360,806	0 3,508,953
Disproportionate-share hospital (DSH) Median	0 594,888	0 595,761	0 577,894	0 542,168	0 549,667
Outlier Median	40,027 582,572	59,101 538,116	14,921 212,434	33,591 126,559	65,027 139,139

Uncompensated care

Item	2017	2018	2019	2020	2021
Medicaid shortfall Median	745,114 3,662,910	465,189 3,730,911	594,729 4,081,319	332,504 4,643,908	550,637 4,389,147
Charity care Median	796,364 2,654,636	820,931 2,940,659	868,989 3,380,215	645,646 3,488,738	734,414 3,233,405
Uncompensated care (UCC) Median	1,275,106 5,147,790	1,095,533 5,337,617	1,382,939 5,711,082	1,035,052 5,923,418	1,238,284 5,508,107
UCC as a % of operating expenses Median	2.37% 3.24	1.99% 3.12	2.50% 3.21	1.86% 3.3	2.06% 2.86
Total shortfall/UCC Median	2,020,220 9,489,989	1,560,722 9,424,297	1,977,668 10,120,158	1,367,556 11,171,337	1,788,921 10,133,851

Labor costs

	2017	2018	2019	2020	2021
Total salaries Median	12,468,551 52,142,039	12,706,058 54,485,252	12,937,123 57,395,589	12,800,457 58,830,919	15,356,907 61,722,907
Salaries as a % of operating expenses Median	23.20 36.68	23.10 36.56	23.41 36.37	23.05 35.93	25.51 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	162,969 1,449,244	171,743 1,475,986	170,305 1,563,078	217,770 1,721,954	302,212 2,991,828
Contract hours, direct-care Median	847.10 22,725	988.81 23,018.5	870.00 24,503.48	906.00 25,026.5	2,455.00 33,786
Contract wages, direct-care Median	192.38 64.67	173.69 64.53	195.75 65.06	240.36 68.97	123.10 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.