As of the July, 2022, release via CMS

PARK CITY HOSPITAL

CMS id: 460057
900 ROUND VALLEY DRIVE, PARK CITY UT 84060. County: SUMMIT
System: IHC HEALTH SERVICES INC.
CBSA: Heber, UT

The 37-bed, acute-care hospital had $20,585,726 in net service to patients*, with a total profit margin of 19.20384% in fiscal year 2021, the latest year available.
It spent 2.60% 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	33 118	33 118	33 119.5	33 118	33 119
Total beds Median	37 162	37 162	37 162	37 162	37 163.5
FTEs Median	332.01 788.06	303.73 793.42	300.60 806.03	318.64 787.61	268.16 804.34

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	99,614,726 150,932,746	110,643,317 158,950,878	107,560,687 168,696,998	102,340,774 163,454,693	118,458,902 186,589,412
Operating expenses Median	83,176,559 149,311,209	88,663,701 156,110,414	89,713,405 164,890,568	93,894,070 166,516,854	97,873,176 180,120,888
Net income from service 2 patients (NS2P) ? Median	16,438,167 -964,173	21,979,616 -643,601.5	17,847,282 -116,254	8,446,704 -5,025,862	20,585,726 -1,284,564
NS2P margin ? Median	16.50% -0.62	19.87% -0.29	16.59% 0.18	8.25% -5.07	17.38% -0.88

Range* of Net Service to Patient (NS2P) margins

= NS2P margin for PARK CITY 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	2,349,260 5,089,215	2,647,911 4,572,541	2,620,112 5,268,134	7,995,282 13,092,619	2,677,070 12,369,236
⊳ Line 6: Contributions ? ⊳ Median	7,758 224,999	0 199,009	0 206,870.5	0 194,343	0 249,496
⊳ Line 7: Investments ? ⊳ Median	0 299,524	40 188,688.5	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	883,371	825,529	489,582	279,208	261,877
⊳ 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	58,616	56,925	61,160	22,131	69,633
⊳ Line 18: Revenue from sale of medical records and abstracts	0	0	0	0	0
⊳ Line 19: Tuition (fees, sale of textbooks, uniforms, etc.)	0	3,930	4,515	300	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	528,611	556,394	569,597	430,117	572,548
⊳ 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	870,904	1,205,093	1,495,258	7,263,526	1,773,012
Total income ? Median	18,787,427 6,586,430	24,627,527 6,767,106	20,467,394 8,419,950	16,441,986 8,094,175	23,262,796 15,162,888
Non-operating expenses Median	0 146,289.5	0 164,857	11 89,880.5	491 106,761	41 31,473.5
Net income Median	18,787,427 6,043,842	24,627,527 5,845,112	20,467,383 7,606,259	16,441,495 7,283,041	23,262,755 14,957,241
Net margin Median	18.42555% 4.62%	21.73825% 4.42%	18.57618% 5.16%	14.90129% 5.2%	19.20384% 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 PARK CITY 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	4,590,342 23,241,334	4,114,411 23,709,545	3,550,876 24,248,380	3,997,300 22,858,541	3,646,779 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	4,590,342 21,577,146	4,114,411 22,041,594	3,550,876 22,722,063	3,997,300 21,570,441	3,646,779 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	2,883,272 11,160,864	3,092,248 11,987,345	3,856,809 12,926,866	4,029,441 11,884,480	4,917,714 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	2,883,272 10,918,923	3,092,248 11,706,976	3,856,809 12,615,917	4,029,441 11,458,116	4,917,714 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	16,593 542,168	0 549,667
Outlier Median	26,090 582,572	21,088 538,116	3,347 212,434	10,677 126,559	6,305 139,139

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	1,247,491 2,654,636	1,522,765 2,940,659	1,549,718 3,380,215	1,563,386 3,488,738	1,629,958 3,233,405
Uncompensated care (UCC) Median	2,530,429 5,147,790	2,726,460 5,337,617	2,959,437 5,711,082	2,709,074 5,923,418	2,541,075 5,508,107
UCC as a % of operating expenses Median	3.04% 3.24	3.08% 3.12	3.30% 3.21	2.89% 3.3	2.60% 2.86
Total shortfall/UCC Median	2,530,429 9,489,989	2,726,460 9,424,297	2,959,437 10,120,158	2,709,074 11,171,337	2,541,075 10,133,851

Labor costs

	2017	2018	2019	2020	2021
Total salaries Median	23,657,277 52,142,039	23,519,203 54,485,252	24,880,175 57,395,589	27,430,558 58,830,919	29,576,268 61,722,907
Salaries as a % of operating expenses Median	28.44 36.68	26.53 36.56	27.73 36.37	29.21 35.93	30.22 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	914,885 1,449,244	90,828 1,475,986	82,865 1,563,078	166,542 1,721,954	1,394,463 2,991,828
Contract hours, direct-care Median	13,157.00 22,725	1,206.00 23,018.5	1,340.00 24,503.48	1,665.00 25,026.5	9,671.00 33,786
Contract wages, direct-care Median	69.54 64.67	75.31 64.53	61.84 65.06	100.03 68.97	144.19 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.