As of the July, 2022, release via CMS

DAVIS HOSPITAL & MEDICAL CENTER

CMS id: 460041
1600 WEST ANTELOPE DRIVE, LAYTON UT 84041. County: DAVIS
System: STEWARD HEALTHCARE INC.
CBSA: Ogden-Clearfield, UT

The 200-bed, acute-care hospital had $86,820,410 in net service to patients*, with a total profit margin of 44.75767% in fiscal year 2021, the latest year available.
It spent 2.41% 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	forprofit	forprofit	forprofit	forprofit	forprofit
Acute beds Median	141 118	141 118	141 119.5	145 118	145 119
Total beds Median	205 162	205 162	205 162	200 162	200 163.5
FTEs Median	660.37 788.06	673.97 793.42	669.64 806.03	638.75 787.61	645.73 804.34

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	191,114,491 150,932,746	178,043,184 158,950,878	182,908,098 168,696,998	188,312,575 163,454,693	201,649,412 186,589,412
Operating expenses Median	135,727,935 149,311,209	122,820,468 156,110,414	125,716,743 164,890,568	126,445,659 166,516,854	114,829,002 180,120,888
Net income from service 2 patients (NS2P) ? Median	55,386,556 -964,173	55,222,716 -643,601.5	57,191,355 -116,254	61,866,916 -5,025,862	86,820,410 -1,284,564
NS2P margin ? Median	28.98% -0.62	31.02% -0.29	31.27% 0.18	32.85% -5.07	43.06% -0.88

Range* of Net Service to Patient (NS2P) margins

= NS2P margin for DAVIS HOSPITAL & 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	570,791 5,089,215	583,121 4,572,541	700,743 5,268,134	535,314 13,092,619	6,214,727 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	0 299,524	0 188,688.5	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	485,390	499,743	481,183	468,821	306,989
⊳ Line 15: Revenue from rental of living quarters	0	0	0	0	0
⊳ Line 16: Revenue from sale of medical and surgical supplies	0	-400	0	0	0
⊳ Line 17: Revenue from sale of drugs to other than patients	0	0	-1,010	-49	0
⊳ Line 18: Revenue from sale of medical records and abstracts	304	544	230	1,437	1,819
⊳ Line 19: Tuition (fees, sale of textbooks, uniforms, etc.)	0	0	0	0	0
⊳ Line 20: Revenue from gifts, flowers, coffee shops, canteen	339	0	0	0	0
⊳ Line 21: Rental of vending machines	171	1,752	1,781	2,181	150
⊳ Line 22: Rental of hospital space	0	0	1	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	84,587	81,310	218,558	62,924	5,905,769
Total income ? Median	55,957,347 6,586,430	55,805,837 6,767,106	57,892,098 8,419,950	62,402,230 8,094,175	93,035,137 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	55,957,347 6,043,842	55,805,837 5,845,112	57,892,098 7,606,259	62,402,230 7,283,041	93,035,137 14,957,241
Net margin Median	29.19230% 4.62%	31.24167% 4.42%	31.53013% 5.16%	33.04365% 5.2%	44.75767% 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 DAVIS HOSPITAL & 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	12,981,828 23,241,334	13,723,312 23,709,545	12,503,110 24,248,380	12,973,621 22,858,541	13,723,378 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	12,092,726 21,577,146	12,729,479 22,041,594	11,805,345 22,722,063	12,708,346 21,570,441	13,348,487 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	390,657 1,845,420	389,630 1,757,392	284,400 1,738,842	265,275 1,510,463	374,891 1,393,140
⊳ Inpatient rehabilitation facility (IRF) ⊳ Median	498,445 3,535,627	604,203 3,746,588	413,365 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	10,459,349 11,160,864	11,163,924 11,987,345	11,801,456 12,926,866	11,397,736 11,884,480	10,359,372 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	10,459,349 10,918,923	11,163,924 11,706,976	11,801,456 12,615,917	11,397,736 11,458,116	10,359,372 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	219,970 594,888	198,043 595,761	165,578 577,894	214,936 542,168	169,286 549,667
Outlier Median	231,853 582,572	340,364 538,116	252,921 212,434	74,496 126,559	126,679 139,139

Uncompensated care

Item	2017	2018	2019	2020	2021
Medicaid shortfall Median	6,034,422 3,662,910	842,844 3,730,911	0 4,081,319	0 4,643,908	0 4,389,147
Charity care Median	568,760 2,654,636	2,019,743 2,940,659	3,175,447 3,380,215	2,569,591 3,488,738	1,728,523 3,233,405
Uncompensated care (UCC) Median	4,667,196 5,147,790	6,915,107 5,337,617	6,372,339 5,711,082	5,448,163 5,923,418	2,768,395 5,508,107
UCC as a % of operating expenses Median	3.44% 3.24	5.63% 3.12	5.07% 3.21	4.31% 3.3	2.41% 2.86
Total shortfall/UCC Median	10,701,618 9,489,989	7,757,951 9,424,297	6,372,339 10,120,158	5,448,163 11,171,337	2,768,395 10,133,851

Labor costs

	2017	2018	2019	2020	2021
Total salaries Median	37,545,929 52,142,039	40,725,110 54,485,252	41,777,447 57,395,589	40,030,075 58,830,919	42,831,633 61,722,907
Salaries as a % of operating expenses Median	27.66 36.68	33.15 36.56	33.23 36.37	31.66 35.93	37.30 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	5,695,600 1,449,244	997,729 1,475,986	448,184 1,563,078	524,772 1,721,954	1,892,244 2,991,828
Contract hours, direct-care Median	88,904.00 22,725	18,566.00 23,018.5	5,430.00 24,503.48	6,791.00 25,026.5	15,512.00 33,786
Contract wages, direct-care Median	64.06 64.67	53.74 64.53	82.54 65.06	77.27 68.97	121.99 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.