As of the July, 2022, release via CMS

UTAH VALLEY HOSPITAL

CMS id: 460001
1034 NORTH 500 WEST, PROVO UT 84604. County: UTAH
System: IHC HEALTH SERVICES
CBSA: Provo-Orem, UT

The 383-bed, acute-care hospital had $107,615,151 in net service to patients*, with a total profit margin of 16.94504% in fiscal year 2021, the latest year available.
It spent 3.11% 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	188 118	188 118	237 119.5	237 118	235 119
Total beds Median	359 162	359 162	385 162	385 162	383 163.5
FTEs Median	2,481.33 788.06	2,439.71 793.42	2,473.46 806.03	2,411.14 787.61	2,376.56 804.34

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	549,838,622 150,932,746	591,482,760 158,950,878	609,982,258 168,696,998	603,907,477 163,454,693	705,708,121 186,589,412
Operating expenses Median	485,393,581 149,311,209	511,833,844 156,110,414	568,747,830 164,890,568	577,504,232 166,516,854	598,092,970 180,120,888
Net income from service 2 patients (NS2P) ? Median	64,445,041 -964,173	79,648,916 -643,601.5	41,234,428 -116,254	26,403,245 -5,025,862	107,615,151 -1,284,564
NS2P margin ? Median	11.72% -0.62	13.47% -0.29	6.76% 0.18	4.37% -5.07	15.25% -0.88

Range* of Net Service to Patient (NS2P) margins

= NS2P margin for UTAH VALLEY 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	10,057,114 5,089,215	14,956,450 4,572,541	13,732,669 5,268,134	43,728,954 13,092,619	14,493,972 12,369,236
⊳ Line 6: Contributions ? ⊳ Median	0 224,999	134 199,009	0 206,870.5	0 194,343	0 249,496
⊳ Line 7: Investments ? ⊳ Median	1,350 299,524	1,099 188,688.5	0 370,813	0 309,361.5	0 375,329
⊳ 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	1,699,613	1,544,924	1,631,579	1,216,953	1,310,348
⊳ 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	670,011	474,250	470,397
⊳ Line 18: Revenue from sale of medical records and abstracts	0	0	0	0	0
⊳ Line 19: Tuition (fees, sale of textbooks, uniforms, etc.)	24,756	25,205	17,637	0	18,081
⊳ Line 20: Revenue from gifts, flowers, coffee shops, canteen	707,454	627,679	0	0	0
⊳ Line 21: Rental of vending machines	0	0	0	0	0
⊳ Line 22: Rental of hospital space	210,287	391,226	458,589	663,099	657,336
⊳ 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	7,413,654	12,366,183	10,954,853	41,374,652	12,037,810
Total income ? Median	74,502,155 6,586,430	94,605,366 6,767,106	54,967,097 8,419,950	70,132,199 8,094,175	122,109,123 15,162,888
Non-operating expenses Median	0 146,289.5	0 164,857	115,434 89,880.5	109,181 106,761	70,575 31,473.5
Net income Median	74,502,155 6,043,842	94,605,366 5,845,112	54,851,663 7,606,259	70,023,018 7,283,041	122,038,548 14,957,241
Net margin Median	13.30643% 4.62%	15.60014% 4.42%	8.79435% 5.16%	10.81209% 5.2%	16.94504% 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 UTAH VALLEY 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	57,931,017 23,241,334	59,778,342 23,709,545	62,748,781 24,248,380	62,148,731 22,858,541	64,935,510 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	54,702,031 21,577,146	56,307,885 22,041,594	58,325,743 22,722,063	57,404,245 21,570,441	60,905,946 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	622,931 1,845,420	469,788 1,757,392	608,466 1,738,842	632,920 1,510,463	504,910 1,393,140
⊳ Inpatient rehabilitation facility (IRF) ⊳ Median	2,606,055 3,535,627	3,000,669 3,746,588	3,814,572 3,782,288	4,111,566 3,865,578	3,524,654 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	21,749,480 11,160,864	24,016,171 11,987,345	25,774,735 12,926,866	23,400,357 11,884,480	26,287,994 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	21,749,480 10,918,923	24,016,171 11,706,976	25,774,735 12,615,917	23,400,357 11,458,116	26,287,994 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	1,687,713 3,284,314	1,743,060 3,250,551	1,707,261 3,386,837	1,660,508 3,360,806	1,732,110 3,508,953
Disproportionate-share hospital (DSH) Median	1,488,669 594,888	1,674,122 595,761	1,692,198 577,894	1,752,572 542,168	1,350,819 549,667
Outlier Median	3,427,643 582,572	2,974,193 538,116	852,420 212,434	633,716 126,559	778,717 139,139

Uncompensated care

Item	2017	2018	2019	2020	2021
Medicaid shortfall Median	0 3,662,910	0 3,730,911	0 4,081,319	0 4,643,908	0 4,389,147
Charity care Median	16,623,025 2,654,636	18,579,227 2,940,659	15,348,386 3,380,215	13,916,932 3,488,738	14,105,845 3,233,405
Uncompensated care (UCC) Median	25,176,149 5,147,790	26,606,170 5,337,617	22,059,650 5,711,082	20,342,631 5,923,418	18,601,924 5,508,107
UCC as a % of operating expenses Median	5.19% 3.24	5.20% 3.12	3.88% 3.21	3.52% 3.3	3.11% 2.86
Total shortfall/UCC Median	25,176,149 9,489,989	26,606,170 9,424,297	22,059,650 10,120,158	20,342,631 11,171,337	18,601,924 10,133,851

Labor costs

	2017	2018	2019	2020	2021
Total salaries Median	154,062,964 52,142,039	154,632,689 54,485,252	159,640,451 57,395,589	160,954,483 58,830,919	171,660,643 61,722,907
Salaries as a % of operating expenses Median	31.72 36.68	30.19 36.56	28.06 36.37	27.83 35.93	28.64 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	142,845 1,449,244	109,836 1,475,986	8,221 1,563,078	1,527,320 1,721,954	9,642,380 2,991,828
Contract hours, direct-care Median	2,131.00 22,725	2,067.00 23,018.5	155.00 24,503.48	12,687.00 25,026.5	64,713.00 33,786
Contract wages, direct-care Median	67.03 64.67	53.14 64.53	53.04 65.06	120.38 68.97	149.00 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.