As of the July, 2022, release via CMS

WETZEL COUNTY HOSPITAL

CMS id: 510072
3 EAST BENJAMIN DRIVE, NEW MARTINSVILLE WV 26155. County: WETZEL
System: WEST VIRIGINIA UNITED HEALTH SYSTEMS
CBSA: Rural West Virginia

The 25-bed, acute-care hospital had $138,587 in net service to patients*, with a total profit margin of 15.34862% in fiscal year 2021, the latest year available.
It spent 3.40% of its operating expenses on uncompensated care and reported $1,108 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	gov	gov	gov	gov	gov
Acute beds Median	43 118	43 118	43 119.5	43 118	20 119
Total beds Median	48 162	48 162	48 162	48 162	25 163.5
FTEs Median	198.60 788.06	190.93 793.42	183.98 806.03	186.14 787.61	172.86 804.34

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	19,084,746 150,932,746	16,990,878 158,950,878	19,698,150 168,696,998	19,853,584 163,454,693	27,754,248 186,589,412
Operating expenses Median	19,853,756 149,311,209	19,837,694 156,110,414	20,198,379 164,890,568	22,577,386 166,516,854	27,615,661 180,120,888
Net income from service 2 patients (NS2P) ? Median	-769,010 -964,173	-2,846,816 -643,601.5	-500,229 -116,254	-2,723,802 -5,025,862	138,587 -1,284,564
NS2P margin ? Median	-4.03% -0.62	-16.75% -0.29	-2.54% 0.18	-13.72% -5.07	0.50% -0.88

Range* of Net Service to Patient (NS2P) margins

= NS2P margin for WETZEL COUNTY 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	0 5,089,215	582,954 4,572,541	1,201,565 5,268,134	436,513 13,092,619	4,868,563 12,369,236
⊳ Line 6: Contributions ? ⊳ Median	0 224,999	0 199,009	0 206,870.5	3,520 194,343	550 249,496
⊳ Line 7: Investments ? ⊳ Median	0 299,524	85,671 188,688.5	98,731 370,813	94,382 309,361.5	92,501 375,329
⊳ Line 8: Revenue from telephone service	NULL	NULL	NULL	NULL	NULL
⊳ Line 9: Revenue from tv and radio	--	--	--	--	--
⊳ Line 10: Purchase discounts	0	351	145	121	760
⊳ 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	51,050	54,243	45,585	41,600
⊳ 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	36,317	34,866	55,268	1,062
⊳ Line 18: Revenue from sale of medical records and abstracts	0	2,476	1,901	1,606	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	0	39,962	16,563	10,967	16,725
⊳ 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	--	367,127	995,116	225,064	4,715,365
Total income ? Median	-769,010 6,586,430	-2,263,862 6,767,106	701,336 8,419,950	-2,287,289 8,094,175	5,007,150 15,162,888
Non-operating expenses Median	0 146,289.5	0 164,857	3,165 89,880.5	0 106,761	0 31,473.5
Net income Median	-769,010 6,043,842	-2,263,862 5,845,112	698,171 7,606,259	-2,287,289 7,283,041	5,007,150 14,957,241
Net margin Median	-4.02945% 4.62%	-12.88201% 4.42%	3.34058% 5.16%	-11.27293% 5.2%	15.34862% 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 WETZEL COUNTY 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	1,328,755 23,241,334	1,244,991 23,709,545	1,125,586 24,248,380	1,749,772 22,858,541	1,918,237 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	1,328,755 21,577,146	1,244,991 22,041,594	1,125,586 22,722,063	1,749,772 21,570,441	1,918,237 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	1,970,655 11,160,864	2,039,293 11,987,345	2,345,182 12,926,866	2,292,765 11,884,480	2,891,520 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	1,716,660 10,918,923	1,665,435 11,706,976	1,782,174 12,615,917	1,788,111 11,458,116	2,084,700 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	253,995 618,038	373,858 697,279	563,008 690,232	504,654 684,010	806,820 670,558
⊳ 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	7,009 594,888	6,021 595,761	7,135 577,894	16,768 542,168	20,312 549,667
Outlier Median	15,875 582,572	0 538,116	4,440 212,434	0 126,559	0 139,139

Uncompensated care

Item	2017	2018	2019	2020	2021
Medicaid shortfall Median	86,511 3,662,910	494,884 3,730,911	379,857 4,081,319	242,130 4,643,908	1,108 4,389,147
Charity care Median	29,133 2,654,636	19,619 2,940,659	8,042 3,380,215	12,721 3,488,738	203,124 3,233,405
Uncompensated care (UCC) Median	453,765 5,147,790	626,463 5,337,617	458,374 5,711,082	616,665 5,923,418	939,636 5,508,107
UCC as a % of operating expenses Median	2.29% 3.24	3.16% 3.12	2.27% 3.21	2.73% 3.3	3.40% 2.86
Total shortfall/UCC Median	540,276 9,489,989	1,121,347 9,424,297	838,231 10,120,158	858,795 11,171,337	940,744 10,133,851

Labor costs

	2017	2018	2019	2020	2021
Total salaries Median	8,672,811 52,142,039	8,545,490 54,485,252	8,529,732 57,395,589	8,590,867 58,830,919	9,804,356 61,722,907
Salaries as a % of operating expenses Median	43.68 36.68	43.08 36.56	42.23 36.37	38.05 35.93	35.50 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	37,440 1,449,244	0 1,475,986	0 1,563,078	37,440 1,721,954	229,066 2,991,828
Contract hours, direct-care Median	576.00 22,725	0.00 23,018.5	0.00 24,503.48	576.00 25,026.5	1,977.00 33,786
Contract wages, direct-care Median	65.00 64.67	0.00 64.53	0.00 65.06	65.00 68.97	115.87 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.